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

Columbia Banking System Q3 net income rises to $146 million; diluted EPS $0.70

Positive Impact 3 of 5 earnings Written later

Columbia Banking System reported third quarter 2024 net income of $146 million, up from $120 million in the second quarter, and diluted earnings per share of $0.70 versus $0.57. Operating earnings per share were $0.69, compared with $0.79 a year earlier, and total loans and leases fell $207 million during the quarter. Shareholders get a quarter of higher reported profit, while the filing also shows lower operating earnings than a year earlier.

Key points

  • Net income was $146 million in the third quarter of 2024, compared with $120 million in the second quarter.
  • Diluted EPS was $0.70, compared with $0.57 in the second quarter; operating diluted EPS was $0.69, compared with $0.67 in the second quarter and $0.79 in the third quarter of 2023.
  • Net interest margin was 3.56%, unchanged from the prior quarter; net interest income rose $3 million to $430 million.
  • Gross loans and leases decreased $207 million to $37.5 billion as of September 30, 2024; book value per common share rose to $25.17.

The filing

CompanyColumbia Banking System (COLB)
Form8-K, current report
Filed with the SECOct 24, 2024, 12:41 PM ET
Accession number0000887343-24-000256

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 October 24, 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.