Columbia Banking System, Inc. has reported its second quarter 2025 financial results, showcasing a robust performance across various metrics. The net interest income for the quarter increased by $21 million from the prior quarter, with the net interest margin reaching 3.75%, up 15 basis points from the previous quarter.
The non-interest income decreased by $2 million, but excluding the impact of fair value and hedges, it actually increased by $8 million due to higher core fee-generating businesses such as commercial credit cards and wealth management services. Non-interest expense also decreased by $62 million from the prior quarter, primarily due to a legal settlement and severance expense that did not repeat.
In terms of credit quality, the net charge-offs were 0.31% of average loans and leases, slightly lower than the 0.32% in the prior quarter. The provision for credit losses was $29 million, compared to $27 million in the prior quarter.
The total assets increased to $51.9 billion from $51.5 billion in the prior quarter. Loans and leases remained relatively stable at $37.6 billion. Deposits decreased to $41.7 billion from $42.2 billion in the prior quarter.
Columbia's book value per common share was reported at $25.41, compared to $24.93 in the prior quarter, while tangible book value per common share increased to $18.47 from $17.86 in the prior quarter.
The estimated total risk-based capital ratio was 13.0%, up from 12.9% in the prior quarter, and the estimated common equity tier 1 risk-based capital ratio was 10.8%, up from 10.6% in the prior quarter.
Today the company's shares have moved -2.81% to a price of $23.695. Check out the company's full 8-K submission here.
