Columbia Banking System Inc (NAS:COLB)
$ 31.62 -0.1 (-0.32%) Market Cap: 6.63 Bil Enterprise Value: 8.72 Bil PE Ratio: 13.69 PB Ratio: 1.26 GF Score: 38/100
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Q2 2019 Columbia Banking System Inc Earnings Call Transcript

Jul 25, 2019 / 05:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by. Welcome to Columbia Banking System's Second Quarter 2019 Earnings Release Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to turn the call over to your host for today, Hadley Robbins, President and Chief Executive Officer of Columbia Banking System.

Hadley S. Robbins
Columbia Banking System, Inc. - President, CEO & Director

Thank you, Carol. Good morning, everyone, and thank you for joining us on today's call as we review our second quarter 2019 and year-to-date results, which we released before the market opened this morning.

The earnings release and supplemental slide presentation are available at columbiabank.com. As a result of strong efforts by our lending and credit teams, second quarter earnings were a new record, and quarterly earnings exceeded $50 million for the first time in our history. On a year-to-date basis, net income was $98 million, which was 19% higher than the first half of 2018. Capital levels also remained

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