Columbia Banking System Inc reports results for the quarter ended March 31 - Earnings Summary

Columbia Banking System

24/04/2025 22:01

Columbia Banking System Inc COLB.OQ reported quarterly adjusted earnings of 67 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 65 cents.  The mean expectation of twelve analysts for the quarter was for earnings of 64 cents per share. Wall Street expected results to range from 60 cents to 66 cents per share.

Revenue rose 3.7% to $491.37 million from a year ago; analysts expected $482.96 million.

Columbia Banking System Inc's reported EPS for the quarter was 41 cents​.

The company reported quarterly net income of $86.61 million.

Columbia Banking System Inc shares had fallen by 5.7% this quarter and lost 12.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.3% in the last three months.​

In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Columbia Banking System Inc is $29.00

This summary was machine generated from LSEG data April 24 at 09:00 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Mar. 31 2025
0.64
0.67
Beat
Dec. 31 2024
0.65
0.71
Beat
Sep. 30 2024
0.62
0.69
Beat
Jun. 30 2024
0.57
0.67
Beat