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Stock impact report

Columbia Banking System Q1 Earnings Call Highlights [Yahoo! Finance]

Columbia Banking System, Inc. (COLB) 
Last columbia banking system, inc. earnings: 4/30 09:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
captured $102 million of a $127 million synergy target, lowering the expense run-rate and helping operating pre-provision net revenue and operating net income rise ~45%–50% year-over-year. Margin and loan-mix outlook: NIM was 3.96% and management expects it to cross 4% in Q2 and rise further in H2 as C&I and owner-occupied CRE production (originations up 38% YoY) offsets runoff in below-market transactional balances; the balance sheet is roughly neutral to rates with $6 billion repricing in 12 months. Aggressive capital return: Columbia returned $200 million in the quarter (6.5M shares repurchased) and plans buybacks of $150–200 million per quarter under the current authorization, with roughly $400 million remaining and about $500 million of excess capital despite CET1 of 11.5%. Interested in Columbia Banking System, Inc.? Here are five stocks we like better. 4 Dividend Growth Stocks the Trade Tariffs Can't Touch Columbia Banking System (NASDAQ:COLB) reported first-quarter 2 Show less Read more
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