secwatch.observer — SEC 8-K summary
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Issuer:     COLUMBIA BANKING SYSTEM, INC. (COLB)
CIK:        0000887343
Form:       8-K
Filed at:   2023-01-24T23:59:59+00:00
Accession:  0000887343-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Columbia Banking record Q4 net income $68.9M; NIM expands to 3.64%; declares $0.30 dividend
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- Record full year net income $250.2M, diluted EPS $3.20.
- Q4 net income $68.9M, diluted EPS $0.88 (incl. $0.05 merger costs).
- Net interest margin 3.64%, up 17 bps from linked quarter; deposits fell $1.23B to $16.71B.
- Expects merger with Umpqua Holdings to close after Feb 28, 2023; NPA ratio 0.07%.
- Declares $0.30/share quarterly dividend payable Feb 21, 2023 to holders of record Feb 6.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887343/000088734323000007/0000887343-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887343/000088734323000007/colb-20230124.htm
  HTML page:      https://secwatch.observer/filing/0000887343-23-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer