哥伦比亚银行系统 2025年季度报告

FORM10-Q ☒Quarterly Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934for the quarterly period ended:March31, 2025or Transition Report Pursuant to Section13 or 15(d) of the Securities Exchange Act of 1934for the transition period fromto. ☐ Commission File Number:000-20288 COLUMBIA BANKING SYSTEM, INC. (Exact Name of Registrant as Specified in Its Charter) Washington91-1422237(State or Other Jurisdiction(I.R.S. Employer Identification Number)of Incorporation or Organization) 1301 A StreetTacoma,Washington98402-4200(Address of Principal Executive Offices)(Zip Code) (253)305-1900(Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act:TITLE OF EACH CLASSTRADING SYMBOLNAME OF EXCHANGECommon Stock, No Par ValueCOLBThe Nasdaq Stock Market LLC Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required to file such reports),and (2)has been subject to such filing requirements for the past 90days.☒Yes☐ No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuantto Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrantwas required to submit such files).☒Yes☐ No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company,"and "emerging growth company" in Rule 12b-2 of the Exchange Act.☒Large accelerated filer☐Accelerated filer☐ Non-accelerated filer☐Smaller reporting company☐Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).☐Yes☒No Indicate the number of shares outstanding for each of the issuer's classes of common stock, as of the latest practical date:Common stock, no par value:210,200,798shares outstanding as of April30, 2025. COLUMBIA BANKING SYSTEM, INC.FORM 10-QTable of Contents PART I.FINANCIAL INFORMATIONItem 1.Financial Statements (unaudited)Condensed Consolidated Balance Sheets (unaudited)Condensed Consolidated Statements of Income (unaudited)Condensed Consolidated Statements of Comprehensive Income (unaudited)Condensed Consolidated Statements of Changes in Shareholders' Equity (unaudited)Condensed Consolidated Statements of Cash Flows (unaudited)Notes to Condensed Consolidated Financial StatementsItem2.Management's Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures about Market RiskItem4.Controls and ProceduresPart II.OTHER INFORMATIONItem 1.Legal ProceedingsItem 1A.Risk FactorsItem 2.Unregistered Sales of Equity Securities and Use of ProceedsItem 3.Defaults Upon Senior SecuritiesItem 4.Mine Safety DisclosuresItem 5.Other InformationItem 6.ExhibitsSIGNATURES PART I.FINANCIAL INFORMATION COLUMBIA BANKING SYSTEM, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS(UNAUDITED) COLUMBIA BANKING SYSTEM, INC. AND SUBSIDIARIES COLUMBIA BANKING SYSTEM, INC. AND SUBSIDIARIES COLUMBIA BANKING SYSTEM, INC. AND SUBSIDIARIES COLUMBIA BANKING SYSTEM, INC.AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)(Continued) See accompanying notes to condensed consolidated financial statements. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Note1 –Summary of Significant Accounting Policies The accounting and financial reporting policies of Columbia Banking System, Inc. conform to accounting principles generally acceptedin the United States of America and with prevailing practices within the banking and securities industries. All references in this reportto "Columbia," "we," "our," or "us" or similar references mean the Company and its subsidiaries, including the wholly-owned bankingsubsidiary Umpqua Bank (the "Bank"). FinPac is a commercial equipment leasing company and a wholly-owned subsidiary of theBank. The accompanying interim condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, and the Bank's wholly-owned subsidiaries.All inter-company balances and transactions have been eliminated. Thecondensed consolidated financial statements have not been audited. A more detailed description of the Company's accounting andfinancial reporting policies is included in the Company's Annual R