Every material Form 8-K Columbia Banking System filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
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.
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.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Columbia Banking System filing is on SEC EDGAR ↗. 8-K briefs of other companies →