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
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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
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News
- Exploring Top Dividend Stocks For May 2024 [Yahoo! Finance]Yahoo! Finance
- Columbia Banking System, Inc. (NASDAQ: COLB) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- 3 Leading Dividend Stocks With Yields Up To 6.7% [Yahoo! Finance]Yahoo! Finance
- Global Finance Names Umpqua Bank Best U.S. Regional Bank in the Far West [Yahoo! Finance]Yahoo! Finance
- Global Finance Names Umpqua Bank Best U.S. Regional Bank in the Far WestPR Newswire
COLB
Earnings
- 4/25/24 - Beat
COLB
Sec Filings
- 5/7/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/23/24 - Form 4
- COLB's page on the SEC website