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

Columbia Banking System

18/10/2023 22:53

* Columbia Banking System Inc  COLB.OQ  reported quarterly
adjusted earnings of 79 cents​​ per share for the quarter ended
in September. The mean expectation of eleven analysts for the
quarter was for earnings of 73 cents per share.
    * Revenue rose 177.5% to $524.86 million from a year ago;
analysts
expected $524.06 million. 
    * Columbia Banking System Inc's reported EPS for the quarter
was
65 cents​.
    * The mean earnings estimate of analysts had fallen by
about 13.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Columbia Banking System Inc shares had risen by 1.6% this
quarter and lost 31.5% so far this year.
    * The company reported quarterly net income of $135.85
million.
    * Wall Street's median 12-month price target for Columbia
Banking
System Inc is $23.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 18 at 09:53 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.73           0.79           Beat
 Jun. 30 2023      0.93           0.81           Missed
 Mar. 31 2023      0.45           0.46           Beat
 Dec. 31 2022      0.90           0.88           Missed