Columbia Banking Q1 GAAP EPS $0.59; net interest margin falls 26 bps to 3.52%

COLUMBIA BANKING SYSTEM, INC.

2024-Q1 EPS reported $0.59

GAAP diluted EPS $0.59, operating EPS $0.65; net interest income $423M, down $30M QoQ.
Net interest margin 3.52%, down 26 bps from 4Q23; deposit cost 2.88% stabilized in March.
Provision for credit losses $17M vs $55M prior; net charge-offs 0.47% annualized vs 0.31%.
Nonperforming assets 0.28% of total assets, up from 0.22%; ACL 1.16% of loans.
Tangible book value $16.03; CET1 ratio 9.8%, total capital 12.0%; dividend $0.36.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

COLUMBIA BANKING SYSTEM, INC. reported financial results for first quarter 2024.

Period: first quarter 2024
Result: reported results

Exact text from the filing

On April 25, 2024, Columbia Banking System, Inc. issued a press release announcing first quarter 2024 financial results.

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1341 earnings releases filed in the last 30 days. Browse all earnings releases →

COLUMBIA BANKING SYSTEM, INC. filing history →

Source: SEC EDGAR

accession 0000887343-24-000178

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