Columbia Banking System (COLB) Declares $0.30 Quarterly Dividend; 3.8% Yield

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Go back to Columbia Banking System (COLB) Declares $0.30 Quarterly Dividend; 3.8% Yield

Columbia Banking System Announces First Quarter 2022 Results and Quarterly Cash Dividend

April 21, 2022 8:01 AM EDT

Notable Items for First Quarter 2022

Quarterly net income of $57.5 million and diluted earnings per share of $0.74, which included $0.07 per share negative impact from acquisition-related expensesRecord non-PPP first quarter loan production of $464.2 millionDeposits increased $289.1 millionNet interest margin of 3.12%, an increase of 7 basis points from the linked quarterNonperforming assets to period-end assets ratio decreased to 0.09%Regular cash dividend declared of $0.30 per shareBank of Commerce Holdings integration completed

TACOMA, Wash.,... More