Columbia Banking System (Columbia Banking System) Credit Losses Provision : $125 Mil (As of Mar. 2024)

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What is Columbia Banking System Credit Losses Provision?

Columbia Banking System's credit losses provision for the three months ended in Mar. 2024 was $17 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Mar. 2024 was $125 Mil.

Columbia Banking System's quarterly credit losses provision increased from Sep. 2023 ($37 Mil) to Dec. 2023 ($55 Mil) but then declined from Dec. 2023 ($55 Mil) to Mar. 2024 ($17 Mil).

Columbia Banking System's annual credit losses provision increased from Dec. 2021 ($-43 Mil) to Dec. 2022 ($84 Mil) and increased from Dec. 2022 ($84 Mil) to Dec. 2023 ($213 Mil).

Columbia Banking System Credit Losses Provision Historical Data

The historical data trend for Columbia Banking System's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Columbia Banking System Credit Losses Provision Chart

Columbia Banking System Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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72.52

204.86

-42.65

84.02

213.20

Columbia Banking System Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Credit Losses Provision	Get a 7-Day Free Trial															105.54	16.01	36.74	54.91	17.14

Columbia Banking System Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $125 Mil.

Columbia Banking System (Columbia Banking System) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Columbia Banking System Inc (NAS:COLB) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

N/A

Address

1301 A Street, Tacoma, WA, USA, 98402-2156

Website

https://www.columbiabank.com

Columbia Banking System Inc is a registered bank holding company whose wholly-owned banking subsidiary is Columbia State Bank. The company provides a full range of banking services to small and medium-sized businesses, professionals, and individuals throughout Washington, Oregon, Idaho, and California. The company's subsidiary Columbia Trust Company is an Oregon trust company that provides agency, fiduciary, and other related trust services with offices in Washington, Oregon, and Idaho. The firm offers various products and services under Personal Banking, Business Banking, and Wealth Management divisions.

Executives

Drew K Anderson	officer: Chief Administrative Officer	C/O COLUMBIA BANKING SYSTEM, INC., 5885 MEADOWS ROAD, SUITE #400, LAKE OSWEGO OR 97035
Luis Machuca	director	ITXC CORP, 14600 NW GREENBRIER PARKWAY, BEAVERTON OR 97006
John F Schultz	director	C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304
Maria M Pope	director	C/O PORTLAND GENERAL ELECTRIC CO., 121 SW SALMON ST, PORTLAND OR 97204
Peggy Y Fowler	director	C/O PORTLAND GENERAL ELECTRIC CO, 121 SW SALMON ST, PORTLAND OR 97204
Terry Hilliard C. Iii	director	ONE SW COLUMBIA ST STE 1200, PORTLAND OR 97258
Anddria Varnado	director	ONE SW COLUMBIA STREET STE 1200, PORTLAND OR 97258
Torran B Nixon	officer: Senior Executive VP	ONE SW COLUMBIA STREET STE 1200, PORTLAND OR 97258
Ron L Farnsworth	officer: Chief Financial Officer	200 SW MARKET ST STE 1900, PORTLAND OR 97201
Frank Namdar	officer: Chief Credit Officer	ONE SW COLUMBIA STREET STE 1200, PORTLAND OR 97258
Lisa M White	officer: PAO & Corporate Controller	9285 NE TANASBOURNE DRIVE, HILLSBORO OR 97124
Sheri Burns	officer: Chief Human Resources Officer	C/O COLUMBIA BANKING SYSTEM, INC., 450 NW 114TH AVENUE, PORTLAND OR 97229
O'haver Cort L	director, officer: Executive Chairman	ONE SW COLUMBIA ST STE 1200, PORTLAND OR 97258
Andrew H Ognall	officer: IMO General Counsel	ONE SW COLUMBIA ST STE 1200, PORTLAND OR 97258
Laura Alvarez Schrag	director	1301 A STREET, TACOMA WA 98402