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

Columbia Banking System

20/10/2022 14:33

* Columbia Banking System Inc  COLB.OQ  reported quarterly
adjusted earnings of 80 cents​​ per share for the quarter ended
in September. The mean expectation of six analysts for the
quarter was for earnings of 74 cents per share.
    * Revenue rose 20.8% to $189.12 million from a year ago;
analysts
expected $181.85 million. 
    * Columbia Banking System Inc's reported EPS for the quarter
was
83 cents​.
    * The mean earnings estimate of analysts had risen by
about 151.6%
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 risen by 3.4% this
quarter and lost 8.7% so far this year.
    * The company reported quarterly net income of $64.94
million.
    * Wall Street's median 12-month price target for Columbia
Banking
System Inc is $34.00 
    * 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 October
20 at 01:32 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2022      0.74           0.80           Beat
 Jun. 30 2022      0.75           0.75           Met
 Mar. 31 2022      0.68           0.74           Beat
 Dec. 31 2021      0.59           0.55           Missed