Columbia Banking System Announces Date of First Quarter 2023 Earnings Release and Conference Call

Rhea-AI Summary

Columbia Banking System (Nasdaq: COLB) has announced that it will release its first quarter 2023 financial results on April 26, 2023, after market close. A conference call for investors and analysts is scheduled for 2:00 p.m. PT that same day, where the company will discuss its financial performance and recent activities. Participants can register online to receive dial-in details. Columbia, the parent company of Umpqua Bank, aims to leverage its combined assets of over $50 billion to enhance banking services across several states, following the merger with Umpqua Bank in March 2023.

Positive

• Scheduled release of Q1 2023 results may demonstrate continued growth post-Umpqua merger.
• The combination with Umpqua Bank creates one of the largest banks in the West, enhancing market presence.

Negative

• None.

TACOMA, Wash., March 31, 2023 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced it will release first quarter 2023 financial results on Wednesday, April 26, 2023, after market close. The Company will host a conference call for investors and analysts at 2:00 p.m. PT (5:00 p.m. ET) that same day.  During the call, the Company will provide an update on recent activities and discuss its first quarter 2023 financial results. There will be a live question-and-answer session following the presentation, and participants may register for the call using the below link to receive dial-in details and their own unique PINs or join the audiocast. It is recommended you join 10 minutes prior to the start time.

Register for the call: https://register.vevent.com/register/BI3ca3e280dadd437cafdf87ba3e2fcb28
Join the audiocast: https://edge.media-server.com/mmc/p/jtad2627 
Access the replay through the Company's investor relations page under the "News & Market Data-Event Calendar" section: https://www.columbiabankingsystem.com

About Columbia
Columbia (Nasdaq: COLB) is headquartered in Tacoma, Washington and is the parent company of Umpqua Bank, an award-winning western U.S. regional bank based in Lake Oswego, Oregon. In March of 2023, Columbia and Umpqua combined two of the Pacific Northwest's premier financial institutions under the Umpqua Bank brand to create one of the largest banks headquartered in the West and a top-30 U.S. bank. With over $50 billion of assets, Umpqua Bank combines the resources, sophistication and expertise of a national bank with a commitment to deliver personalized service at scale. The bank operates in Arizona, California, Colorado, Idaho, Nevada, Oregon, Utah, and Washington State and supports consumers and businesses through a full suite of services, including retail and commercial banking; Small Business Administration lending; institutional and corporate banking; and equipment leasing. Umpqua Bank customers also have access to comprehensive investment and wealth management expertise as well as healthcare and private banking through Columbia Wealth Management and Columbia Trust Company, a subsidiary of Columbia.

Columbia has posted additional information on its website about the combined company's profile, inclusive of our combined deposit portfolio as of December 31, 2022. Learn more at www.columbiabankingsystem.com.

Note Regarding Forward Looking Statements
This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which can be identified by words such as "may," "expected," "anticipate," "continue," or other comparable words.  In addition, all statements other than statements of historical facts that address activities that Columbia expects or anticipates will or may occur in the future are forward-looking statements.  Readers are encouraged to read the SEC reports of Columbia, particularly its form 10-K for the Fiscal Year ended December 31, 2022, for meaningful cautionary language discussing why actual results may vary materially from those anticipated by management.

 

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SOURCE Columbia Banking System, Inc.

FAQ

When will Columbia Banking System release its Q1 2023 earnings?

Columbia Banking System will release its Q1 2023 earnings on April 26, 2023, after market close.

What time is the Columbia Banking System earnings conference call?

The conference call for Columbia Banking System's earnings will take place at 2:00 p.m. PT on April 26, 2023.

How can I access the Columbia Banking System earnings call?

You can register for the earnings call on Columbia's website to receive dial-in details or join the audiocast.

What is the significance of Columbia's merger with Umpqua Bank?

The merger creates one of the largest banks headquartered in the West, enhancing its services and market competitiveness.

What assets does Columbia Banking System have?

Columbia Banking System has over $50 billion in assets, significantly increasing its resource capabilities following the merger.