COLUMBIA BANKING SYSTEM, INC. REPORTS SECOND QUARTER 2023 RESULTS

Second Quarter 2023 Results Net income of $133 million, or $0.64 per common share Operating net income of $169 million, or $0.81 per common share1 Consolidated asset balances of $54 billion at quarter end Loan balances of $37 billion and deposit balances of $41 billion at quarter end…