Recap: Columbia Banking System Third Quarter Results – Columbia Banking System (NASDAQ:COLB)

Colombian banking system COLB announced its third quarter results on Thursday, October 20, 2022 at 8:00 a.m.

Here’s what investors need to know about the announcement.

Earnings

Columbia Banking System beat estimated earnings by 16.22%, recording EPS of $0.86 versus an estimate of $0.74.

Revenue increased by $32.62 million compared to the same period last year.

Past Earnings Performance

Last quarter, the company missed EPS by $0.0, followed by a 2.04% decline in share price the next day.

Here is an overview of past performance of Columbia Banking System:








Trimester Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS estimate 0.75 0.68 0.59 0.71
Actual EPS 0.75 0.81 0.67 0.74
Revenue estimate 177.47M 165.94M 166.42M 150.87M
Actual turnover 172.46M 170.38M 169.76M 156.50M

To follow all earnings releases for Columbia Banking System, visit their earnings calendar here.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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