secwatch.observer — SEC 8-K summary
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Issuer:     COLUMBIA BANKING SYSTEM, INC. (COLB)
CIK:        0000887343
Form:       8-K
Filed at:   2024-03-05T23:59:59+00:00
Accession:  0000887343-24-000112
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Columbia Banking targets Q4 2024 core expense run rate $965M-$985M; FY23 operating EPS $2.66
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- FY 2023 operating net income $521M ($2.66 EPS); Q4 2023 operating net income $116M ($0.56 EPS).
- Targets Q4 2024 core expense run rate of $965M-$985M annualized, excluding CDI amortization.
- Closed 5 branches in Jan 2024; consolidated 47 branches in 2023 post-Umpqua merger.
- Available liquidity $18.7B (45% of deposits, 138% of uninsured deposits) at Dec 31, 2023.
- Plans to increase density in CA and other western markets; may reduce transactional assets when rates decline.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887343/000088734324000112/0000887343-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887343/000088734324000112/colb-20240304.htm
  HTML page:      https://secwatch.observer/filing/0000887343-24-000112

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