secwatch.observer — SEC 8-K summary
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Issuer:     COLUMBIA BANKING SYSTEM, INC. (COLB)
CIK:        0000887343
Form:       8-K
Filed at:   2025-04-23T23:59:59+00:00
Accession:  0000887343-25-000159
Event type: other_material
Sentiment:  neutral
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Columbia posts Q1 net income $87M; acquires Pacific Premier in all-stock deal
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887343/000088734325000159/0000887343-25-000159-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887343/000088734325000159/colb-20250423.htm
  HTML page:      https://secwatch.observer/filing/0000887343-25-000159

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