Columbia Banking System, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 02:00 pm
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Columbia Banking System, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 131.112 million compared to USD 124.817 million a year ago. Net income was USD 58.300 million compared to USD 46.129 million a year ago. Basic earnings per share from continuing operations was USD 0.82 compared to USD 0.64 a year ago. For the full year, net interest income was USD 500.111 million compared to USD 493.405 million a year ago. Net income was USD 154.244 million compared to USD 194.451 million a year ago. Basic earnings per share from continuing operations was USD 2.17 compared to USD 2.68 a year ago.
Columbia Banking System, Inc. is the bank holding company for Umpqua Bank (the Bank). Through the Bank, the Company provides a broad range of banking, private banking, mortgage, and other financial services to corporate, institutional, small business, and individual customers. The bank offers specialized loans for corporate, middle market, and small business customers, including commercial lines of credit and term loans, and others. It offers deposit products, including non-interest-bearing checking accounts, analyzed business accounts, interest-bearing checking and savings accounts, money market accounts, insured cash sweep and other investment sweep solutions. The Bank also provides loans to individual borrowers for a variety of purposes, including secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans. The Bank primarily operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington State.
COLUMBIA BANKING SYSTEM, INC. 
