secwatch.observer — SEC 8-K summary
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Issuer:     COLUMBIA BANKING SYSTEM, INC. (COLB)
CIK:        0000887343
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0000887343-24-000111
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Columbia Banking System targets Q4 2024 core expense run rate of $965M-$985M; provides operational update
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- Q4 2024 core expense run rate target $965M-$985M annualized (excludes CDI amortization and non-operating items).
- Q4 2023 operating PPNR $212M; operating ROA 0.89%; tangible book value $16.12 per share (up 13% QoQ).
- Deposit cost 1.63% in Q4 2023 (top quartile of peers); non-interest deposits 34% of total; uninsured deposits 33%.
- Available liquidity $18.7B (138% of uninsured deposits); loan-to-deposit ratio 90%; CET1 ratio 9.6%.
- Near-term actions include branch consolidation, deposit rate management, and FinPac cost rationalization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887343/000088734324000111/0000887343-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887343/000088734324000111/colb-20240304.htm
  HTML page:      https://secwatch.observer/filing/0000887343-24-000111

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