COLUMBIA BANKING SYSTEM, INC. COLB Income Statement

Columbia banking system, inc. (COLB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Interest Income
Loans
446,991	448,041	447,667	444,759	433,586	428,197	414,076	382,969	353,136	324,229	302,882	299,197	295,269	291,465	288,281	285,567	285,660	286,166	284,639	278,300	273,560	268,279	267,742	275,964	283,797	266,284	247,548	226,023	205,684	219,433	235,849	242,904	232,768	218,420	187,969	173,196	167,774	157,292	0	0	0
Taxable securities
73,537	69,864	66,474	64,671	60,676	55,969	48,772	42,836	40,381	38,659	38,505	38,775	38,136	35,167	34,350	32,834	31,265	30,774	29,333	30,406	29,528	28,754	28,079	24,469	22,977	20,459	17,921	17,204	17,265	18,276	19,583	21,402	22,698	21,870	20,864	19,487	17,948	18,276	0	0	0
Tax-exempt securities
10,068	10,735	11,242	11,755	12,106	12,201	12,116	11,765	11,418	11,045	10,849	10,930	11,009	11,121	11,267	11,388	11,603	11,842	11,889	11,593	11,254	10,830	10,461	10,320	10,157	9,837	9,788	9,727	9,714	9,941	10,101	10,179	10,200	10,142	9,843	9,595	9,369	9,348	0	0	0
Deposits in banks
1,365	1,312	1,261	501	445	702	1,145	1,267	1,139	813	403	192	197	216	106	122	120	109	158	188	192	179	170	165	168	355	580	753	890	854	681	692	706	839	1,045	1,086	1,112	963	0	0	0
Total interest income
531,961	529,952	526,644	521,686	506,813	497,069	476,109	438,837	406,074	374,746	352,639	349,094	344,611	337,969	334,004	329,911	328,648	328,891	326,019	320,487	314,534	308,042	306,452	310,918	317,099	296,935	275,837	253,707	233,553	248,504	266,214	275,177	266,372	251,271	219,721	203,364	196,203	185,879	0	0	0
Interest Expense
Deposits
21,290	22,146	20,168	16,498	14,094	12,105	10,296	8,186	6,522	4,800	3,560	3,300	3,179	3,134	3,085	3,018	2,971	2,977	3,055	3,012	3,001	3,005	3,084	3,300	3,625	3,962	4,280	4,690	5,197	5,887	6,588	7,891	9,178	10,478	12,020	13,385	14,871	16,733	0	0	0
FHLB advances and FRB borrowings
13,405	11,861	11,361	9,758	5,865	3,750	2,450	1,647	1,423	1,078	1,056	1,122	772	671	677	526	439	474	478	480	441	396	398	453	-361	-404	-114	496	1,929	2,608	2,994	3,056	3,036	2,980	2,925	2,834	2,830	2,841	0	0	0
Subordinated debentures
1,871	1,871	1,871	1,871	1,871	1,871	1,708	1,240	772	304	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepayment charge on Federal Home Loan Bank advances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-
Long-term obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	579	839	1,030	1,031	1,029	0	0	0
Other borrowings
590	669	768	737	603	504	480	456	562	575	521	527	536	545	541	544	545	553	654	637	620	593	477	477	734	734	736	736	478	479	479	479	480	498	509	510	509	489	0	0	0
Total interest expense
37,156	36,547	34,168	28,864	22,433	18,230	14,934	11,529	9,279	6,757	5,137	4,949	4,487	4,350	4,303	4,088	3,955	4,004	4,187	4,129	4,062	3,994	3,959	4,230	5,546	5,840	7,053	8,073	8,207	9,577	10,061	11,501	13,022	14,535	16,293	17,759	19,241	21,092	0	0	0
Net Interest Income
494,805	493,405	492,476	492,822	484,380	478,839	461,175	427,308	396,795	367,989	347,502	344,145	340,124	333,619	329,701	325,823	324,693	324,887	321,832	316,358	310,472	304,048	302,493	306,688	311,553	291,095	268,784	245,634	225,346	238,927	256,153	263,676	253,350	236,736	203,428	185,605	176,962	164,787	0	0	0
Provision for credit losses
43,631	3,493	3,668	6,522	10,279	14,769	16,307	12,506	11,708	8,631	5,322	7,836	8,299	10,778	13,109	14,074	12,636	8,591	7,950	6,099	6,014	6,727	1,337	3,670	1,841	-101	8,442	4,012	19,162	39,367	35,729	37,346	26,359	5,752	14,375	22,875	31,924	47,346	0	0	0
Provision for losses on covered loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	0	0
Net interest income after provision for credit losses
451,174	489,912	488,808	486,300	474,101	464,070	444,868	414,802	385,087	359,358	342,180	336,309	331,825	322,841	316,592	311,749	312,057	316,296	313,882	310,259	304,458	297,321	301,156	303,018	309,712	291,196	260,342	241,622	206,184	199,560	220,857	226,330	226,991	230,984	189,073	162,730	145,038	117,441	0	0	0
Noninterest Income
Deposit account and treasury management fees
34,503	35,695	36,413	36,664	36,312	36,072	34,702	33,121	31,834	30,381	29,564	29,101	28,798	28,500	28,314	28,322	28,580	28,451	6,183	13,207	19,646	25,722	54,820	53,923	53,693	48,351	42,287	36,539	30,415	29,998	29,108	28,490	27,521	26,632	26,060	25,587	25,562	24,698	0	0	0
Card revenue
15,054	15,198	15,007	14,715	17,568	19,719	23,110	26,131	25,717	25,627	24,463	23,842	23,691	23,620	23,593	23,328	22,979	22,690	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financial services and trust revenue
12,907	12,799	12,819	12,568	12,362	12,135	11,882	11,552	11,369	11,478	11,439	11,540	11,284	11,266	11,286	11,856	12,293	12,596	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan revenue
15,666	13,465	12,184	11,611	11,069	11,866	12,185	12,057	11,992	12,399	12,690	12,485	12,298	10,967	10,820	11,071	10,591	10,932	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merchant processing revenue
-	-	-	-	-	-	-	-	-	4,283	6,289	8,641	8,649	8,732	8,899	8,969	9,037	8,975	8,763	8,445	8,145	7,975	8,892	8,858	8,831	8,812	7,921	7,905	7,987	8,154	8,159	8,057	7,770	7,385	7,192	7,291	7,396	7,502	0	0	0
Bank owned life insurance
6,371	6,294	6,111	5,985	6,100	6,007	5,917	5,805	5,526	5,380	5,090	4,873	4,710	4,546	4,530	4,543	4,479	4,441	4,296	4,166	3,936	3,823	3,857	3,805	3,837	3,570	3,294	3,137	2,848	2,861	2,809	2,585	2,394	2,188	2,056	2,054	2,042	2,041	0	0	0
Gain on bank acquisitions, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	9,818	0	0	0
Investment securities gains (losses), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,133	4,041	3,733	-2,754	-2,754	-2,754	-2,816	0	0	0	-	-	-	-
Gain on sale of merchant card services portfolio
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Investments
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	-	-	-	-	-	-	-	0	-	-	-	0	0	0
Change in FDIC loss sharing asset
-	-	-	-	-	-	-	-	-	-447	-835	-939	-1,756	-2,585	-3,228	-4,759	-5,263	-4,010	-8,283	-11,464	-15,020	-19,989	-24,256	-31,266	-39,353	-45,017	-45,126	-46,251	-33,282	-24,467	-32,235	-30,139	-36,390	-49,496	-26,003	-19,684	-9,866	4,908	0	0	0
Other
11,657	11,598	11,126	5,168	1,662	2,546	3,723	4,839	5,386	6,552	5,684	4,368	3,813	1,855	4,828	5,381	5,423	5,817	-4,744	-2,140	-40	1,965	11,312	11,030	11,727	10,522	10,146	8,659	7,133	6,779	5,802	5,927	5,339	4,994	5,072	3,946	3,755	3,756	0	0	0
Noninterest Income
96,692	97,181	95,776	88,765	86,809	88,256	91,435	107,483	107,926	109,642	108,391	94,490	92,295	88,082	90,497	89,830	89,352	91,473	81,913	75,344	68,509	59,750	55,177	46,869	39,050	26,700	22,655	14,122	19,142	27,058	10,889	13,996	5,710	-9,283	16,207	19,194	28,889	52,781	0	0	0
Noninterest Expense
Compensation and employee benefits
215,624	212,867	209,820	204,780	201,714	200,199	199,411	189,975	179,419	169,674	157,397	155,890	154,788	150,282	148,775	145,474	146,629	149,410	148,624	146,008	138,626	130,864	129,796	130,524	135,117	125,432	111,547	99,783	85,092	85,434	86,264	86,133	84,626	81,552	77,495	73,677	71,715	69,780	0	0	0
Occupancy
35,564	35,176	35,024	34,700	35,264	36,576	37,272	37,036	35,337	32,407	30,543	30,677	30,752	33,734	36,081	35,963	36,998	34,818	32,805	32,149	32,049	32,300	35,770	37,589	36,545	33,054	26,281	21,903	19,451	20,031	20,673	20,602	19,899	18,963	17,860	17,323	17,242	16,814	0	0	0
Data processing
19,335	19,164	19,650	19,014	19,634	20,235	20,091	19,747	19,267	18,205	17,209	17,362	16,550	16,488	16,749	16,270	16,583	17,421	16,922	17,395	16,833	15,369	15,042	15,058	15,016	14,076	12,954	11,168	10,081	9,714	9,715	9,411	8,773	8,484	7,878	8,160	8,814	8,769	0	0	0
Legal and professional fees
19,174	21,645	22,751	21,763	19,380	18,044	18,058	16,243	15,019	15,151	11,719	11,103	9,933	7,889	7,447	7,356	8,426	9,608	11,539	12,271	11,727	11,389	9,740	9,256	12,457	12,338	12,669	13,031	9,356	8,915	7,839	7,013	6,682	6,486	5,968	5,620	5,599	5,684	0	0	0
Amortization of Intangible Assets
10,041	10,479	10,919	11,357	11,796	12,236	11,893	10,011	8,172	6,333	5,206	5,478	5,712	5,946	6,178	6,413	6,648	6,882	7,007	6,768	6,530	6,293	6,173	6,383	6,596	6,045	5,471	4,898	4,324	4,445	4,565	4,649	4,485	4,319	4,152	4,019	4,119	3,922	0	0	0
B&O taxes
0	-	6,419	6,572	0	-	5,533	5,560	4,849	-	4,600	4,586	5,136	5,185	5,471	5,324	5,453	5,395	5,168	4,980	4,604	4,552	4,383	4,673	4,826	5,033	5,179	4,857	4,768	4,736	5,057	5,144	4,936	4,446	3,786	3,378	3,159	2,858	0	0	0
Advertising and promotion
5,256	4,925	4,657	4,377	5,129	5,584	6,066	5,563	5,078	4,466	3,643	4,667	4,573	4,598	5,111	4,472	4,624	4,713	4,698	4,371	4,126	3,964	3,641	3,779	3,989	4,090	3,503	3,679	3,638	3,650	3,978	3,774	3,667	3,686	3,878	3,371	3,144	3,081	0	0	0
Regulatory premiums
970	1,920	2,834	3,776	3,757	3,710	3,662	3,540	3,344	3,183	3,091	3,085	3,412	3,777	4,165	4,473	4,726	4,806	4,731	4,842	4,594	4,549	4,744	4,921	5,025	4,706	4,230	3,633	3,381	3,384	2,849	2,648	3,002	4,337	5,623	7,001	7,184	6,485	0	0	0
Merchant processing
-	-	-	-	-	-	-	-	-	2,196	3,214	4,375	4,346	4,330	4,370	4,299	4,260	4,204	4,094	4,084	4,003	4,006	3,949	3,820	3,674	3,551	3,548	3,518	3,596	3,612	3,658	3,713	3,688	3,698	3,867	3,825	4,147	4,364	0	0	0
Net cost of operation of OREO
-793	-692	-708	-133	1,330	1,218	1,290	1,076	317	468	1,034	514	599	551	-121	368	-279	-1,629	-1,407	-2,903	-2,437	-1,045	-2,502	-2,023	-4,754	-7,401	-7,539	-7,831	-5,380	-1,969	-1,135	-261	330	-1,022	1,166	-81	-967	787	0	0	0
FDIC clawback liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	0	0	-
Other
35,288	34,152	34,554	35,479	34,976	37,024	36,269	35,490	36,516	34,608	32,748	32,394	29,253	28,362	28,779	29,396	30,421	30,521	29,245	29,376	27,979	27,045	28,015	29,503	31,732	29,962	27,350	22,442	18,303	20,961	20,776	19,600	19,021	17,154	16,163	16,274	16,440	14,603	0	0	0
Total noninterest expense
345,053	345,482	345,523	341,288	339,203	340,490	339,098	323,794	308,018	291,017	270,404	270,131	265,054	261,142	263,005	259,808	264,489	266,149	263,426	259,341	248,634	239,286	238,751	243,483	250,223	230,886	205,067	181,289	156,610	162,913	166,427	165,426	162,765	155,759	149,430	143,015	140,596	137,147	0	0	0
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest
202,813	241,611	239,061	233,777	221,707	211,836	197,205	198,491	184,995	177,983	180,167	160,668	159,066	149,781	144,084	141,771	136,920	141,620	132,369	126,262	124,333	117,785	117,582	106,404	98,539	87,010	77,930	74,455	68,716	63,705	65,319	74,900	69,936	65,942	55,850	38,909	33,331	33,075	0	0	0
Income Tax Expense (Benefit)
39,605	47,160	45,991	45,019	42,924	38,954	53,343	60,275	61,396	65,155	52,349	46,135	46,260	44,915	43,196	42,587	41,195	42,793	41,362	39,452	38,242	36,211	34,955	32,084	30,855	26,994	24,425	22,346	19,299	17,562	17,884	20,473	18,776	17,905	9,959	6,686	4,684	2,291	0	0	0
Net Income (Loss) Attributable to Parent
163,208	194,451	193,070	188,758	178,783	172,882	143,862	138,216	123,599	112,828	127,818	114,533	112,806	104,866	100,888	99,184	95,725	98,827	91,007	86,810	86,091	81,574	82,627	74,320	67,684	60,016	53,505	52,109	49,417	46,143	47,435	54,427	51,160	48,037	45,891	32,223	28,647	30,784	0	0	0
Earnings Per Share [Abstract]
Net Income (Loss) Applicable to Common Shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	25,837	0	0	0
Earnings Per Share, Basic
0.20	0.64	0.70	0.71	0.63	0.61	0.63	0.57	0.55	0.19	0.70	0.47	0.50	0.53	0.47	0.44	0.37	0.46	0.45	0.38	0.42	0.34	0.41	0.40	0.38	0.39	0.26	0.28	0.31	0.34	0.30	0.30	0.22	0.37	0.48	0.22	0.15	0.32	0.06	0.11	0.24
Earnings Per Share, Diluted
0.20	0.64	0.70	0.71	0.63	0.61	0.63	0.57	0.55	0.19	0.70	0.47	0.50	0.53	0.47	0.44	0.37	0.46	0.45	0.38	0.42	0.34	0.41	0.40	0.37	0.37	0.25	0.28	0.31	0.34	0.30	0.30	0.22	0.36	0.48	0.22	0.15	0.31	0.06	0.11	0.24
Dividends declared per common share
-	-	-	-	-	-	-	-	-	-	0.22	0.22	0.22	-	0.39	0.37	0.38	-	0.34	0.34	0.30	-	0.28	0.24	0.12	-	0.10	0.10	0.10	0.09	0.30	0.22	0.37	0.13	0.06	0.05	0.03	0.01	0.01	0.01	0.01
Weighted Average Number of Shares Outstanding, Basic
71,206	71,221	71,803	72,451	72,521	72,428	72,427	72,385	72,300	67,054	57,566	57,520	57,388	57,222	57,215	57,185	57,114	57,005	57,051	57,055	56,965	55,175	52,112	52,088	51,097	51,002	50,834	50,788	39,348	39,296	39,289	39,260	39,195	39,131	39,131	39,107	39,043	39,145	38,976	34,829	27,886
Weighted Average Number of Shares Outstanding, Diluted
71,264	71,350	71,803	72,451	72,524	72,433	72,432	72,390	72,305	67,062	57,571	57,525	57,394	57,227	57,225	57,195	57,125	57,017	57,064	57,069	56,978	55,289	52,516	52,494	52,433	52,431	52,297	52,125	39,351	39,155	39,291	39,308	39,298	39,206	39,192	39,166	39,156	39,256	39,137	35,077	28,098