Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 -0.00157397691500531
Stock impact report

Why Columbia Banking System Stock Crept Higher on Friday [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
The Washington state-based company, arguably best known as the operator of the region's Umpqua Bank, managed to lift several of its more important metrics during the period. Its share price inched up by 0.6%, a rate slightly outpaced by the S&P 500 index's 1% rise. A miss on revenue, but a solid beat for profitability After market hours Thursday, Columbia reported that its total revenue for the quarter was just under $474 million, representing a 10% increase over the first-quarter 2023 tally. More encouragingly, on a non-GAAP (generally accepted accounting principles) adjusted basis, its net income zoomed 89% higher to nearly $135 million ($0.65 per share). Columbia's top line didn't meet the average analyst estimate of slightly less than $482 million. But the company well exceeded the consensus of $0.53-per-share adjusted net income. The bottom-line boost was due in no small part to a tightening of expenses. The company's deposits and loans/leases tallies were basically flat Show less Read more
Impact Snapshot
Event Time:
COLB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for COLB alerts
Opt-in for
COLB alerts

from News Quantified
Opt-in for
COLB alerts

from News Quantified