Columbia Banking System Inc reports results for the quarter ended in December - Earnings Summary

Columbia Banking System

24/01/2023 17:31

* Columbia Banking System Inc  COLB.OQ  reported quarterly
adjusted earnings of 88 cents​​ per share for the quarter ended
in December. The mean expectation of six analysts for the
quarter was for earnings of 90 cents per share.
    * Revenue rose 11.9% to $190.02 million from a year ago;
analysts
expected $197.92 million. 
    * Columbia Banking System Inc's reported EPS for the quarter
was
88 cents​.
    * The mean earnings estimate of analysts had risen by
about 5,268.9% in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Columbia Banking System Inc shares had fallen by 5.0% this
quarter.
    * The company reported quarterly net income of $68.91
million.
    * Wall Street's median 12-month price target for Columbia
Banking
System Inc is $35.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data January
24 at 05:31 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.90           0.88           Missed
 Sep. 30 2022      -0.10          0.80           Beat
 Jun. 30 2022      0.75           0.75           Met
 Mar. 31 2022      0.68           0.74           Beat