other material
confidence high
sentiment neutral
materiality 0.85
Columbia posts Q1 net income $87M; acquires Pacific Premier in all-stock deal
COLUMBIA BANKING SYSTEM, INC.
- Net income $87M ($0.41 diluted EPS); operating net income $140M ($0.67 operating EPS).
- Net interest margin 3.60% (down 4 bps QoQ); deposits up $497M to $42.2B.
- $55M legal settlement and $15M severance drove non-interest expense to $340M.
- All-stock acquisition of Pacific Premier (PPBI); combined ~$70B assets, mid-teens EPS accretion, close expected H2 2025.