Columbia Banking System, Inc. (COLB)

Columbia Banking System Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	2,325	2,114	1,050	890.52	951.44	1,051
Interest Income on Investments	445.03	425.71	97.76	71.53	61.19	80
Total Interest Income	2,770	2,539	1,148	962.04	1,013	1,131
Interest Paid on Deposits	784.43	461.65	48.2	27.15	100.2	167.94
Interest Paid on Borrowings	251.21	284.5	29.81	15.25	29.91	42.5
Total Interest Expense	1,036	746.16	78	42.4	130.11	210.44
Net Interest Income	1,735	1,793	1,070	919.65	882.52	920.63
Net Interest Income Growth (YoY)	5.45%	67.58%	16.35%	4.21%	-4.14%	-1.92%
Mortgage Banking Activities	21.36	16.79	106.86	186.81	270.82	101.81
Gain (Loss) on Sale of Investments	3.69	2.31	-7.1	-1.5	0.96	76.29
Other Non-Interest Income	74.16	59.62	7.34	77.1	64.49	72.59
Total Non-Interest Income	226.75	203.93	199.53	356.32	412.01	339.82
Non-Interest Income Growth (YoY)	30.86%	2.20%	-44.00%	-13.52%	21.24%	21.62%
Revenues Before Loan Losses	1,961	1,997	1,270	1,276	1,295	1,260
Provision for Loan Losses	132.63	213.2	84.02	-42.65	204.86	72.52
Revenue	1,829	1,784	1,186	1,319	1,090	1,188
Revenue Growth (YoY)	12.40%	50.47%	-10.09%	21.01%	-8.27%	2.22%
Salaries and Employee Benefits	586.37	598.03	431.47	469.91	469.99	412
Occupancy Expenses	149.07	148.9	110.13	109.85	120.43	113.82
Federal Deposit Insurance	75.97	71.4	13.96	9.24	12.52	11.23
Amortization of Goodwill & Intangibles	123.58	111.3	4.1	4.52	4.99	5.62
Selling, General & Administrative	137.95	137.95	106.37	106.35	107.27	120.74
Other Non-Interest Expense	73.7	73.47	51.57	45.4	45.96	55.63
Total Non-Interest Expense	1,147	1,141	717.59	745.27	761.15	719.04
EBT Excluding Unusual Items	682.13	642.86	467.93	573.34	328.52	468.9
Pretax Income	653.48	471.2	450.58	558.16	-1,456	468.9
Income Tax Expense	169.54	122.48	113.83	137.86	67	114.81
Net Income	483.94	348.72	336.75	420.3	-1,523	354.1
Net Income to Common	483.94	348.72	336.75	420.3	-1,523	354.1
Net Income Growth	43.11%	3.55%	-19.88%	-	-	11.96%
Basic Shares Outstanding	208	195	129	130	131	131
Diluted Shares Outstanding	209	196	130	131	131	131
Shares Change (YoY)	18.85%	50.98%	-0.99%	-0.13%	-0.20%	-0.04%
EPS (Basic)	2.32	1.79	2.60	3.22	-11.61	2.70
EPS (Diluted)	2.32	1.78	2.60	3.21	-11.61	2.69
EPS Growth	20.91%	-31.54%	-19.00%	-	-	11.89%
Dividend Per Share	0.360	1.440	1.410	1.410	1.410	1.410
Dividend Growth	-74.87%	2.13%	0%	0%	0%	2.44%
Effective Tax Rate	25.94%	25.99%	25.26%	24.70%	-	24.48%

Source: S&P Capital IQ. Banks template. Financial Sources.