Columbia Banking System, Inc. reported fourth-quarter 2024 net income of $143 million, with diluted earnings per share of $0.68. Operating net income was $150 million, or $0.71 per share. Net interest income rose to $437 million due to lower funding costs, while non-interest income declined to $50 million, impacted by loan sale losses and fair value changes. Non-interest expenses dropped to $267 million, reflecting lower benefits costs.

Loans grew to $37.7 billion, with deposits increasing slightly to $41.7 billion. The net interest margin improved to 3.64%, supported by lower deposit costs. Credit quality remained stable, with non-performing assets at 0.33% of total assets. Columbia maintained strong capital ratios and declared a $0.36 quarterly dividend. 2024 marked the first full year post-merger with Umpqua, achieving cost savings and branch expansions, with continued investment in technology and customer services planned for 2025.