Columbia Banking System Announces Regular Cash Dividend of $0.30 and Provides Third Quarter 2022 Earnings Release and Conference Call Date

Rhea-AI Summary

Columbia Banking System (NASDAQ: COLB) has declared a quarterly cash dividend of $0.30 per common share, payable on October 28, 2022, to shareholders on record as of October 17, 2022. The bank will also release its third-quarter 2022 financial results before the market opens on October 20, 2022, with a conference call scheduled for 11:00 a.m. PT on the same day.

Headquartered in Tacoma, WA, Columbia holds a strong reputation as one of America’s best banks, recognized by Forbes.

Positive

• Quarterly cash dividend of $0.30 reflects a commitment to returning value to shareholders.
• Recognition in Forbes 2022 list of 'America's Best Banks' highlights strong market position.

Negative

• None.

TACOMA, Wash., Oct. 5, 2022 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia") (NASDAQ: COLB) announced today that a quarterly cash dividend of $0.30 per common share will be paid on October 28, 2022 to shareholders of record as of the close of business on October 17, 2022.

Additionally, Columbia expects to report third quarter 2022 financial results before the market opens on Thursday, October 20, 2022. Management will discuss these results on a conference call scheduled for Thursday, October 20, 2022 at 11:00 a.m. Pacific Time (2:00 p.m. ET).

Interested parties may register for the call here to receive dial-in details and their own unique PINs or join the webcast here. It is recommended you join 10 minutes prior to the start time. 

A replay of the webcast will be accessible beginning Friday, October 21, 2022 here.

About Columbia

Headquartered in Tacoma, Washington, Columbia Banking System, Inc. (NASDAQ: COLB) is the holding company of Columbia Bank, a Washington state-chartered full-service commercial bank with locations throughout Washington, Oregon, Idaho and California. The bank has been named one of Puget Sound Business Journal's "Washington's Best Workplaces," more than 10 times. Columbia was named on the Forbes 2022 list of "America's Best Banks" marking nearly 11 consecutive years on the publication's list of top financial institutions. More information about Columbia can be found on its website at www.columbiabank.com.

Investor Relations Contact:        
InvestorRelations@columbiabank.com 
253-471-4065

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, 2021, 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

What is the cash dividend announced by Columbia Banking System (COLB) for October 2022?

Columbia Banking System has declared a cash dividend of $0.30 per common share, payable on October 28, 2022.

When will Columbia Banking System report its third-quarter 2022 financial results?

Columbia Banking System expects to report its third-quarter financial results on October 20, 2022, before the market opens.

When is the conference call for Columbia Banking System's financial results?

The conference call to discuss Columbia Banking System's financial results is scheduled for October 20, 2022, at 11:00 a.m. PT.