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Columbia Banking System, Inc. (COLB) CEO Clint Stein on Q1 2021 Results - Earnings Call Transcript

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Columbia Banking System, Inc. (NASDAQ:COLB) Q1 2021 Earnings Conference Call April 29, 2021 1:00 PM ET

Company Participants

Clint Stein - President & Chief Executive Officer

Aaron Deer - Executive Vice President & Chief Financial Officer

Chris Merrywell - Executive Vice President & Chief Operating Officer

Andy McDonald - Executive Vice President & Chief Credit Officer

Conference Call Participants

Jeff Rulis - DA Davidson

Matthew Clark - Piper Sandler

David Feaster - Raymond James

Jon Arfstrom - RBC Capital Markets

Jackie Bohlen - KBW

Andrew Terrell - Stephens


Ladies and gentlemen, thank you for standing by. Welcome to Columbia Banking System's First Quarter 2021 Earnings Update. At this time, all participants are in a listen-only mode. Later, we'll conduct a question-and-answer session, instructions will be given at that time. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to turn the call over to your host, Clint Stein, President and Chief Executive Officer of Columbia Banking System.

Clint Stein

Thank you, Michelle. Welcome and good morning everyone and thank you for joining us on today's call as we review our first quarter results which we released before the market opened this morning. The earnings release and accompanying investor presentations are available at columbiabank.com

During our past few earnings calls, I've commented on our bankers remaining externally focused despite the pandemic. They continue to show up in-person and operate within the confines of a post-COVID world. Their determination allowed us to attract new clients and deepen existing relationships.

The momentum that was building at the end of last year accelerated in the first quarter which is typically our seasonal weakest. The core team dedicated to round two of the Paycheck Protection Program was extremely efficient which limited the time our bankers who are not able to

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