Columbia Banking System, Inc. (NASDAQ:COLB) is expected to report third quarter earnings results, before market open, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.42 per share from revenue of $ 147.18 million.
Looking ahead, the full year income are expected at $ 1.62 per share on the revenues of $ 592.68 million.
Previous Quarter Performance
Columbia Banking System, Inc. outlined income for the second quarter of $ 0.52 per share, from the revenue of $ 159.11 million. The quarterly earnings fell 26.76 percent while revenues developed 8.16 percent compared with the same quarter last year.
Street analysts expected Columbia Banking System, Inc. to report income of $ 0.28 per share on revenue of $ 145.77 million for the second quarter. The bottom line results beat street analysts by $ 0.24 or 85.71 percent, at the same time, top line results outshined analysts by $ 13.34 million or 9.15 percent.
Stock Performance
Shares of Columbia Banking System, Inc. traded low $ -0.83 or -3.12 percent on Wednesday, reaching $ 25.77 with volume of 268.50 thousand shares. Columbia Banking System, Inc. has traded high as $ 26.38 and has cracked $ 25.07 on the downward trend
According to the previous trading day, closing price of $ 25.77, representing a 39.19 % increase from the 52 week low of $ 19.11 and a 35.75 % decrease over the 52 week high of $ 41.40.
The company has a market capital of $ 1.85 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
On July 23, 2020, the board of directors authorized quarterly dividend of $ 0.28 per share to holders of record as of the close of business on August 5, 2020, with payment date of August 19, 2020 and ex-dividend date on August 4, 2020.
Conference Call
Columbia Banking System, Inc. will be hosting a conference call at 1:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.columbiabank.com
Columbia Banking System, Inc. operates as the bank holding company for Columbia State Bank that provides a range of banking services to small and medium-sized businesses, professionals, and individuals in Washington, Oregon, and Idaho. It offers personal banking products and services, including noninterest and interest-bearing checking, saving, money market, and certificate of deposit accounts; home mortgages for purchases and refinances, home equity loans and lines of credit, and personal loans; debit and credit cards; and digital banking services.
