secwatch.observer — SEC 8-K summary
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Issuer:     COLUMBIA BANKING SYSTEM, INC. (COLB)
CIK:        0000887343
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0000887343-24-000178
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887343/000088734324000178/0000887343-24-000178-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887343/000088734324000178/colb-20240425.htm
  HTML page:      https://secwatch.observer/filing/0000887343-24-000178

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