COLUMBIA BANKING SYSTEM, INC. has recently released its 10-Q report, providing a detailed overview of the company's financial performance and operations. Columbia Banking System, Inc. operates as the Bank holding company of Umpqua Bank, providing a broad range of banking, private banking, mortgage, and other financial services to corporate, institutional, small business, and individual customers. The company's services include deposit products, commercial lending, wealth management, and treasury management. It was founded in 1953 and is based in Tacoma, Washington.
In Item 2 of the report, "Management's Discussion and Analysis of Financial Condition and Results of Operations," the company outlines various forward-looking statements, including predictions about future results, performance, or events. These statements cover a range of factors, including economic conditions, interest rates, regulatory requirements, and potential impacts of geopolitical instability and natural disasters.
The report also discusses the pending acquisition of Pacific Premier, the parent company of Pacific Premier Bank, National Association. The acquisition is expected to close as soon as August 31, 2025, pending satisfaction of the remaining customary closing conditions. The acquisition is seen as a strategic fit that supports Columbia's operating strategy and is expected to strengthen its competitive position in Southern California.
In terms of financial performance, the report compares the current quarter to the prior quarter and the current year-to-date to the prior year period. Earnings per diluted common share for the three months ended June 30, 2025, were $0.73, compared to $0.41 for the three months ended March 31, 2025. Net interest margin, on a tax-equivalent basis, was 3.75% for the three months ended June 30, 2025, compared to 3.60% for the three months ended March 31, 2025. Non-interest income was $64.5 million for the three months ended June 30, 2025, compared to $66.4 million for the three months ended March 31, 2025. Non-interest expense was $278.0 million for the three months ended June 30, 2025, down $62.1 million compared to the three months ended March 31, 2025.
For the six months ended June 30, 2025, earnings per diluted common share were $1.14, compared to $1.17 for the six months ended June 30, 2024. Net interest margin, on a tax-equivalent basis, was 3.67% for the six months ended June 30, 2025, compared to 3.54% for the six months ended June 30, 2024. Non-interest income was $130.8 million for the six months ended June 30, 2025, compared to $95.1 million for the six months ended June 30, 2024. Non-interest expense was $618.1 million for the six months ended June 30, 2025, compared to $566.8 million for the six months ended June 30, 2024.
The report also details the company's total loans and leases, which were $37.6 billion as of June 30, 2025, a decrease of $43.9 million compared to December 31, 2024. As a result of these announcements, the company's shares have moved -1.24% on the market, and are now trading at a price of $23.87. For more information, read the company's full 10-Q submission here.
