Q3 2019 Columbia Banking System Inc Earnings Call Transcript

Oct 24, 2019 / 05:00PM GMT
Operator

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

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

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

Thank you, Mike. Good morning, everyone, and thank you for joining us on today's call as we review our third quarter 2019 and year-to-date results, which we released before the market opened this morning. The earnings release and a supplemental slide presentation are available at columbiabank.com.

I'm pleased with our third quarter results. Earnings exceeded $50 million for the second straight quarter, and on a year-to-date basis, net income was up 16% over 2018 results to $148 million.

During the third quarter, our bankers did an excellent job in focusing on those things that they can directly control. Loans were up

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