Columbia Banking System (COLB) Restructuring Costs (2022 - 2024)

Columbia Banking System has disclosed Restructuring Costs across 3 years of filings, most recently posting $2.4 million for Q3 2024.

• In Q3 2024, Restructuring Costs fell 87.52% year-over-year to $2.4 million; the TTM figure through Sep 2024 stood at $28.7 million (down 83.73% YoY), while the FY2023 annual figure was $171.7 million, up 889.05% from the prior year.
• Restructuring Costs came in at $2.4 million for Q3 2024 at Columbia Banking System, down from $14.6 million in the prior quarter.
• In the past five years, Restructuring Costs ranged from a high of $115.9 million in Q1 2023 to a low of $769000.0 in Q3 2022.
• Average Restructuring Costs over 3 years is $19.1 million, with a median of $7.2 million recorded in 2023.
• Year-over-year, Restructuring Costs soared 4987.71% in 2023 and slumped 96.14% in 2024.
• Over 3 years, Restructuring Costs stood at $11.6 million in 2022, then tumbled by 38.35% to $7.2 million in 2023, then tumbled by 67.05% to $2.4 million in 2024.
• Per Business Quant data, the three most recent Restructuring Costs figures were $2.4 million in Q3 2024, $14.6 million in Q2 2024, and $4.5 million in Q1 2024.