Q1 2022 Columbia Banking System Inc Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Columbia Banking System's First Quarter 2022 Earnings Conference Call. (Operator Instructions) I would now like to hand the conference over to your speaker today, Clint Stein, President and Chief Executive Officer of Columbia Banking System. Please go ahead.
Thank you, Catherine. Welcome, and good morning, everyone, and thank you for joining us on today's call as we review our first quarter results. The earnings release and the accompanying investor presentation are available at columbiabank.com.
Our first quarter financial performance was outstanding. Net income of $57.5 million and EPS of $0.74 per share were the best first quarter on record. Our bankers delivered with solid loan and deposit growth, credit remains stellar, and expenses were well managed. During the quarter, we also completed the integration of the Bank of Commerce Holdings acquisition, and integration activities related to our combination with Umpqua
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