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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Q3 2022 Columbia Banking System Inc Earnings Call Transcript

Oct 20, 2022 / 06:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Columbia Banking System's Third Quarter 2022 Earnings Conference Call. (Operator Instructions) As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Clint Stein, President and Chief Executive Officer of Columbia Banking System.

Clint E. Stein
Columbia Banking System, Inc. - President, CEO & Director

Thank you, Tonya. Welcome and good morning. Thank you for joining us on today's call as we review our third quarter results. The earnings release and accompanying investor presentation are available at columbiabank.com.

Our bankers' relentless focus on meeting our customers' needs is reflected in another quarter of consistent and outstanding performance. Net income of $64.9 million was a new record, eclipsing the prior high set just last quarter. Meaningful increase in top line revenue was supported by robust loan growth, a stable deposit base and an expanding margin.

During the last rate cycle, the structural

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