Columbia Banking System (NASDAQ:COLB) reported its Q4 earnings results on Wednesday, January 24, 2024 at 04:03 PM.
Here’s what investors need to know about the announcement.
Earnings
Columbia Banking System missed estimated earnings by 44.3%, reporting an EPS of $0.44 versus an estimate of $0.79.
Revenue was up $329.13 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.08 which was followed by a 1.0% drop in the share price the next day.
Here’s a look at Columbia Banking System’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.71 | 0.93 | 0.60 | 0.89 |
| EPS Actual | 0.79 | 0.81 | 0.46 | 0.88 |
| Revenue Estimate | 522.90M | 584.67M | 416.31M | 197.92M |
| Revenue Actual | 524.86M | 523.65M | 429.43M | 190.02M |
To track 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.
