COLUMBIA BANKING SYSTEM INC
For the period ended Dec 31, 2024. Filed Feb 25, 2025.
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FY2024 · Filed Feb 25, 2025
COLB$30.85-0.5%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Statements of Comprehensive Income
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| (in thousands) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net income | $533,675 | $348,715 | $336,752 |
| Available for sale securities: | |||
| Unrealized (losses) gains arising during the period | (150,783) | 109,221 | (548,193) |
| Income tax benefit (expense) related to unrealized (losses) gains | 39,204 | (28,411) | 140,995 |
| Reclassification adjustment for net realized gains in earnings | (24) | (13) | (2) |
| Income tax expense related to realized gains | 6 | 3 | 1 |
| Net change in unrealized (losses) gains for available for sale securities | (111,597) | 80,800 | (407,199) |
| Junior subordinated debentures, at fair value: | |||
| Unrealized (losses) gains arising during the period | (14,812) | 7,866 | (28,842) |
| Income tax benefit (expense) related to unrealized (losses) gains | 3,851 | (2,045) | 7,418 |
| Net change in unrealized (losses) gains for junior subordinated debentures, at fair value | (10,961) | 5,821 | (21,424) |
| Pension plan liability adjustment: | |||
| Amortization of unrecognized net actuarial loss included in net periodic pension cost | 973 | 136 | — |
| Income tax expense related to unrecognized actuarial loss | (253) | (35) | — |
| Net change in pension plan liability adjustment | 720 | 101 | — |
| Other comprehensive (loss) income, net of tax | (121,838) | 86,722 | (428,623) |
| Comprehensive income (loss) | $411,837 | $435,437 | $(91,871) |
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