Columbia Banking System, Inc. (COLB)

Columbia Banking System Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	2,320	2,114	1,050	890.52	951.44
Interest Income on Investments	434.88	425.71	97.76	71.53	61.19
Total Interest Income	2,755	2,539	1,148	962.04	1,013
Interest Paid on Deposits	802.81	461.65	48.2	27.15	100.2
Interest Paid on Borrowings	234.03	284.5	29.81	15.25	29.91
Total Interest Expense	1,037	746.16	78	42.4	130.11
Net Interest Income	1,718	1,793	1,070	919.65	882.52
Net Interest Income Growth (YoY)	-4.17%	67.58%	16.35%	4.21%	-4.14%
Mortgage Banking Activities	24.11	16.79	106.86	186.81	270.82
Gain (Loss) on Sale of Investments	-0.37	2.31	-7.1	-1.5	0.96
Other Non-Interest Income	61.47	59.62	7.34	77.1	64.49
Total Non-Interest Income	210.97	203.93	199.53	356.32	412.01
Non-Interest Income Growth (YoY)	3.45%	2.21%	-44.00%	-13.52%	21.24%
Revenues Before Loan Losses	1,929	1,997	1,270	1,276	1,295
Provision for Loan Losses	105.92	213.2	84.02	-42.65	204.86
Revenue	1,823	1,784	1,186	1,319	1,090
Revenue Growth (YoY)	2.22%	50.47%	-10.09%	21.01%	-8.27%
Salaries and Employee Benefits	568.4	598.03	431.47	469.91	469.99
Occupancy Expenses	151.27	148.9	110.13	109.85	120.43
Federal Deposit Insurance	41.58	71.4	13.96	9.24	12.52
Amortization of Goodwill & Intangibles	119.43	111.3	4.09	4.52	4.99
Selling, General & Administrative	134.05	137.95	106.37	106.35	107.27
Other Non-Interest Expense	66.25	73.47	51.57	45.4	45.96
Total Non-Interest Expense	1,081	1,141	717.59	745.27	761.15
EBT Excluding Unusual Items	742.46	642.86	467.93	573.34	328.52
Pretax Income	718.75	471.2	450.58	558.16	-1,456
Income Tax Expense	185.08	122.48	113.83	137.86	67
Net Income	533.68	348.72	336.75	420.3	-1,523
Net Income to Common	533.68	348.72	336.75	420.3	-1,523
Net Income Growth	53.04%	3.55%	-19.88%	-	-
Basic Shares Outstanding	208	195	129	130	131
Diluted Shares Outstanding	209	196	130	131	131
Shares Change (YoY)	6.88%	50.98%	-0.99%	-0.13%	-0.20%
EPS (Basic)	2.56	1.79	2.60	3.22	-11.61
EPS (Diluted)	2.55	1.78	2.60	3.21	-11.61
EPS Growth	43.26%	-31.54%	-19.00%	-	-
Dividend Per Share	1.440	1.440	1.410	1.410	1.410
Dividend Growth	-	2.14%	-	-	-
Effective Tax Rate	25.75%	25.99%	25.26%	24.70%	-

Updated Feb 25, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q