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

• Columbia Banking System Inc COLB.OQ reported quarterly adjusted earnings of 71 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 44 cents. The mean expectation of twelve analysts for the quarter was for earnings of 65 cents per share. Wall Street expected results to range from 61 cents to 68 cents per share.

• Revenue fell 6.7% to $484.24 million from a year ago; analysts expected $489.88 million.

• Columbia Banking System Inc's reported EPS for the quarter was 68 cents​.

• The company reported quarterly net income of $143.27 million.

• Columbia Banking System Inc shares had risen by 6.5% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts was unchanged in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 $33.00

This summary was machine generated from LSEG data January 24 at 01:01 a.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)