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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