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AI brief of an SEC Form 8-K · Columbia Banking System (COLB)

Columbia Banking System Q2 2024 net income falls to $120 million, EPS $0.57

Mixed Impact 3 of 5 earnings Written later

Columbia Banking System reported second quarter 2024 net income of $120 million, or $0.57 per diluted share, down from $124 million and $0.59 in the first quarter and from $133 million and $0.64 a year earlier. Operating net income was $140 million and operating EPS was $0.67, up from $0.65 in the prior quarter but down from $0.81 a year earlier; the company also filed an investor presentation for its July 25, 2024 earnings call.

Key points

  • Net income was $120 million and diluted EPS was $0.57 for Q2 2024, versus $124 million and $0.59 in Q1 2024 and $133 million and $0.64 in Q2 2023.
  • Operating net income was $140 million and operating EPS was $0.67, versus $0.65 in Q1 2024 and $0.81 in Q2 2023.
  • Net interest income rose $4 million to $427 million, while non-interest income fell $6 million to $45 million.
  • Provision for credit losses was $32 million, up from $17 million in Q1 2024.

The filing

CompanyColumbia Banking System (COLB)
Form8-K, current report
Filed with the SECJul 25, 2024, 4:34 PM ET
Accession number0000887343-24-000242

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.