Columbia Banking System Inc (NAS:COLB)
$ 20.32 0.26 (1.3%) Market Cap: 4.25 Bil Enterprise Value: 6.51 Bil PE Ratio: 8.72 PB Ratio: 0.86 GF Score: 38/100

Q4 2021 Columbia Banking System Inc Earnings Call Transcript

Jan 20, 2022 / 07:00PM GMT
Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Columbia Bank Systems Fourth Quarter and Full Year 2021 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 today, Clint Stein, President and Chief Executive Officer of Columbia Bank System.

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

Thank you, Katherine. Welcome, and good afternoon, everyone. And thank you for joining us on today's call as we review our fourth quarter and full year 2021 results, which we released yesterday after the market closed. The earnings release and accompanying investor presentation are available at columbiabank.com.

2021 was another record year for Columbia in terms of loan production, balance sheet growth, wealth management fees and earnings. For the first time in our history, net income exceeded $200 million, assets surpassed $20 billion, and $2 billion of new loan originations were generated outside of the PPP program. We closed

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