Columbia Banking System (COLB) Misses Q2 EPS by 2c
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Columbia Banking System Announces Second Quarter 2022 Results and Quarterly Cash Dividend
July 21, 2022 8:00 AM EDTNotable Items for Second Quarter 2022
Quarterly net income of $58.8 million and diluted earnings per share of $0.75, which included $0.04 per share reduction stemming from merger-related expensesRecord non-PPP loan production of $734.4 millionTotals loans increased 21% annualized to $11.32 billionNet interest margin of 3.16%, an increase of 4 basis points from the linked quarterNonperforming assets to period-end assets ratio decreased to historic low of 0.08%Regular cash dividend declared of $0.30 per shareTACOMA, Wash., July 21, 2022... More
