Columbia Banking System, Inc. (NASDAQ:COLB) is expected to report second quarter earnings results, before market open, on Thursday 23rd July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.28 per share.
Looking ahead, the full year income are expected at $ 1.46 per share on the revenues of $ 593.66 million.
Previous Quarter Performance
Columbia Banking System, Inc. unveiled income for the first quarter of $ 0.20 per share, from the revenue of $ 143.63 million. The quarterly earnings dropped 68.25 percent while revenues declined 2.25 percent compared with the same quarter last year.
Wall street analysts are predicting, COLB to report 1Q20 income of $ 0.44 per share from revenue of $ 145.57 million. The bottom line results missed street analysts by $ 0.24 or 54.55 percent, at the same time, top line results fell short of analysts by $ 1.94 million or 1.33 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of COLB was $ 29.85, representing a 56.20 % increase from the 52 week low of $ 19.11 and a 27.9 % decrease over the 52 week high of $ 41.40.
The company has a market capital of $ 2.14 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
On April 30, 2020, the board of directors authorized quarterly dividend of $ 0.28 per share to holders of record as of the close of business on May 15, 2020, with payment date of May 28, 2020 and ex-dividend date on May 14, 2020.
The board of directors has authorized quarterly dividend of $ 0.28 per share on April 30, 2020. The dividend were payable on May 28, 2020 to holders of record as of the close of business on May 14, 2020 and ex-dividend date on May 13, 2020.
Conference Call
Columbia Banking System, Inc. will be hosting a conference call at 1:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 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.
