Columbia Banking System, Inc. (COLB) Q4 2024 Earnings Call Transcript

Columbia Banking System, Inc. (NASDAQ:COLB) Q4 2024 Earnings Conference Call January 23, 2025 5:00 PM ET

Company Participants

Jacquelynne Bohlen – IR, Director
Clint Stein – President and CEO
Ronald Farnsworth – EVP and CFO
Frank Namdar – EVP and Chief Credit Officer
Torran Nixon – President, Commercial Banking of Umpqua Bank
Christopher Merrywell – President, Consumer Banking of Umpqua Bank

Conference Call Participants

Jeff Rulis – D.A. Davidson
Jon Arfstrom – RBC Capital Markets
David Feaster – Raymond James
Matthew Clark – Piper Sandler
Anthony Elian – JPMorgan
Samuel Varga – UBS
Jonathan Rau – Barclays
Chris McGratty – KBW

Operator

Welcome to the Columbia Banking Systems’ Fourth Quarter 2024 Earnings Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded.

At this time, I would like to introduce Jacquelynne Bohlen, Investor Relations Director, to begin the conference. Please go ahead.

Jacquelynne Bohlen

Thank you, Lisa. Good afternoon, everyone. Thank you for joining us as we review our fourth quarter results. The earnings release and corresponding presentation are available on our website at columbiabankingsystem.com.

During today’s call, we will make forward-looking statements, which are subject to risks and uncertainties, and are intended to be covered by the safe harbor provisions of federal securities law. For a list of factors that may cause actual results to differ materially from expectations, please refer to the disclosures contained within our SEC filings. We will also reference non-GAAP financial measures, and I encourage you to review the non-GAAP reconciliations provided in our earnings materials.

I will now hand the call over to Columbia’s President and CEO, Clint Stein.

Clint Stein

Thanks, Jacque. Good afternoon, everyone.

Our fourth quarter results round out a year of financial and organizational performance improvement. Our optimized expense base, fine-tuned pricing strategies and targeted franchise investments showcase our