Q2 2022 Columbia Banking System Inc Earnings Call Transcript

Feb 06, 2024

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Jul 21, 2022 / 06:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Columbia Banking System's Second Quarter 2022 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, Clint Stein, President and Chief Executive Officer of Columbia Banking System. Please go ahead.

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

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

Our associates continue to remain focused on delivering favorable outcomes for each of our stakeholders and their efforts are reflected in our outstanding results for the second quarter.

Net income of $58.8 million was the best quarter in our 29-year history. Our solid operating fundamentals were propelled by exceptional loan growth and underpinned by the strength of our

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