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

Columbia Banking System

19/07/2023 22:01

* Columbia Banking System Inc  COLB.OQ  reported quarterly
adjusted earnings of 81 cents​​ per share for the quarter ended
in June. The mean expectation of eleven analysts for the quarter
was for earnings of 93 cents per share.
    * Revenue rose 203.6% to $523.65 million from a year ago;
analysts
expected $584.67 million. 
    * Columbia Banking System Inc's reported EPS for the quarter
was
64 cents​.
    * The mean earnings estimate of analysts had fallen by
about 6.8%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates 
    * Columbia Banking System Inc shares had risen by 13.4% this
quarter and lost 23.7% so far this year.
    * The company reported quarterly net income of $133.38
million.
    * Wall Street's median 12-month price target for Columbia
Banking
System Inc is $27.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
19 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.93           0.81           Missed
 Mar. 31 2023      0.45           0.46           Beat
 Dec. 31 2022      0.90           0.88           Missed
 Sep. 30 2022      -0.10          0.80           Beat