Showbiz
© Rex Features
The couple announced the birth of Olivia Jane - born February 1 in Los Angeles - on Thursday, reports People.
"The family is home and everyone's happy and healthy," a source told the publication.
This is the first child for the pair - who married in May 2010 - as well as the first grandchild for Colin's father Tom.
More: Colin Hanks, Showbiz
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