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

• Columbia Banking System Inc COLB reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended in March, higher than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of twelve analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 50 cents to 56 cents per share.

• Revenue rose 10.3% to $473.72 million from a year ago; analysts expected $480.36 million.

• Columbia Banking System Inc's reported EPS for the quarter was 59 cents​.

• The company reported quarterly net income of $124.08 million.

• Columbia Banking System Inc shares had fallen by 0.7% this quarter and lost 28.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.3% in the last three months.​

• In the last 30 days, eight analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 10 "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 $21.00

This summary was machine generated from LSEG data April 25 at 11:16 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)