Welcome to our dedicated page for Columbia Banking Systems news (Ticker: COLB), a resource for investors and traders seeking the latest updates and insights on Columbia Banking Systems stock.
Columbia Banking System, Inc. reports news as a regional bank holding company and the parent of Columbia Bank, a western U.S. bank serving consumers and businesses across multiple states. Recurring updates cover operating results, net interest income, loans, deposits, dividends, investor presentations and conference-call schedules.
Company announcements also address Columbia Bank’s retail and commercial banking services, Small Business Administration lending, institutional and corporate banking, equipment leasing, wealth management, healthcare and private banking. Recent business-development themes include specialty banking expansion, including franchise and restaurant banking capabilities, as well as governance changes at the board and senior-management levels.
Columbia Banking System (NASDAQ: COLB) will release its third quarter 2020 financial results before the market opens on October 29, 2020. A conference call to discuss these results is scheduled for 10:00 a.m. PT the same day. Interested parties can join via a live-streamed web event or by dialing in at 888-286-8956 (Conference ID: 2282428). A replay will be available starting October 30, 2020. Columbia, headquartered in Tacoma, Washington, operates as a full-service commercial bank with locations across Washington, Oregon, and Idaho.
Columbia Banking System (NASDAQ: COLB) reported a net interest income of $121.9 million for Q2 2020, reflecting a decline from the previous quarter. Total assets rose to $15.92 billion, with loans increasing to $9.77 billion, largely due to $962 million in Paycheck Protection Program (PPP) loans. The bank announced a cash dividend of $0.28 per share, payable August 19, 2020. Noninterest income increased to $37.3 million, driven by gains from the sale of Visa Class B shares. However, the provision for credit losses remained high at $33.5 million, primarily due to the ongoing economic impact of COVID-19.
Columbia Banking System, Inc. (NASDAQ: COLB) will release its second quarter 2020 financial results before the market opens on Thursday, July 23, 2020. A conference call to discuss these results is scheduled for 10:00 a.m. Pacific Time (1:00 p.m. ET). Interested parties can join via a live-streamed web event or dial-in at 888-286-8956 with Conference ID 3787244. A replay will be available starting July 24, 2020. Columbia Banking is noted for its strong workplace culture and esteemed rankings in the banking sector.