secwatch.observer — SEC 8-K summary
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Issuer:     COLUMBIA BANKING SYSTEM, INC. (COLB)
CIK:        0000887343
Form:       8-K/A
Filed at:   2025-09-03T23:59:59+00:00
Accession:  0000887343-25-000242
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Columbia Banking closes $2.38B Pacific Premier acquisition; pro forma assets $68.9B
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- Total consideration ~$2.38B: 88.9M COLB shares issued, exchange ratio 0.915, based on COLB closing price $26.77.
- Pro forma combined assets $68.9B, loans $48.6B, deposits $56.2B as of June 30, 2025.
- Pro forma 2024 net income $669M, diluted EPS $2.24; 2025 H1 net income $365M, diluted EPS $1.22.
- Preliminary goodwill ~$502M; $185M in merger-related expenses included in pro forma adjustments.
- Core deposit intangible of $414M recognized; fair value marks on Pacific Premier loans, securities, and deposits.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/887343/000088734325000242/0000887343-25-000242-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/887343/000088734325000242/colb-20250902.htm
  HTML page:      https://secwatch.observer/filing/0000887343-25-000242

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