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Columbia Banking System Inc   (COLB)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 
Price: $18.3700 $-0.18 -0.970%
Day's High: $18.72 Week Perf: -2.29 %
Day's Low: $ 18.31 30 Day Perf: 3.61 %
Volume (M): 1,723 52 Wk High: $ 28.12
Volume (M$): $ 31,652 52 Wk Avg: $21.21
Open: $18.69 52 Wk Low: $17.18



 Market Capitalization (Millions $) 3,599
 Shares Outstanding (Millions) 196
 Employees 1,868
 Revenues (TTM) (Millions $) 1,784
 Net Income (TTM) (Millions $) 820
 Cash Flow (TTM) (Millions $) 868
 Capital Exp. (TTM) (Millions $) 4

Columbia Banking System Inc

Our goal is to continue to be a leading Pacific Northwest regional community banking company while consistently increasing shareholder value. We continue to build on our reputation for excellent customer service in order to be recognized as the bank of choice for retail customers and small to medium-sized businesses in all markets we serve.
We have established a network of 149 branches in Washington, Oregon and Idaho from which we intend to grow market share. We operate 74 branches in 21 counties in the state of Washington, 59 branches in 16 counties in Oregon and 16 branches in 10 counties in Idaho.
Our branch system funds our lending activities and allows for increased contact with customers, better serving both retail and business depositors. We believe this approach enables us to expand lending activities while attracting a stable core deposit base and enhancing utilization of our full range of products and services. To support our strategy of market penetration and increased profitability, while continuing our personalized banking approach, we have invested in experienced banking and administrative personnel and have incurred related costs in the creation of our branch network. Our branch system and other delivery channels are continually evaluated as an important component of ongoing efforts to improve efficiencies without compromising customer service.

Our business strategy is to provide our customers with the financial sophistication and product depth of a regional banking company while retaining the appeal and service level of a community bank. We continually evaluate our existing business processes while focusing on maintaining asset quality and a diversified loan and deposit portfolio. We continue to build our strong core deposit base, expanding total revenue and controlling expenses in an effort to gain operational efficiencies and increase our return on average equity. As a result of our strong commitment to highly personalized, relationship-oriented customer service, our varied products, our strategic branch locations and the long-standing community presence of our managers, banking officers and branch personnel, we believe we are well positioned to attract and retain new customers and to increase our market share of loans, deposits, investments, and other financial services. We are committed to increasing market share in the communities we serve by continuing to leverage our existing branch network, adding new branches in key locations and considering business combinations that are consistent with our expansion strategy throughout the Pacific Northwest. We have grown our franchise over the past decade through a combination of acquisitions and organic growth.

We place the highest priority on customer service and assist our customers in making informed decisions when selecting from the products and services we offer. We continuously review our product and service offerings to ensure that we provide our customers with the tools to meet their financial needs. A more complete listing of all the services and products available to our customers can be found on our website: www.columbiabank.com.



   Company Address: 1301 A Street Tacoma 98402 WA
   Company Phone Number: 305-1900   Stock Exchange / Ticker: NASDAQ COLB
   


Customers Net Income fell by COLB's Customers Net Profit Margin fell to

-4.36 %

11.29 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BANR   -2.46%    
BK   -0.61%    
BPOP        1.69% 
CFG   -0.06%    
FITB   -0.73%    
NTRS        1.45% 
• View Complete Report
   



Columbia Banking System Inc

COLB Reports Strong 147.435% Surge in Revenue, Despite Stock Price Decline

Columbia Banking System Inc, a regional bank, experienced a decline in its stock price over the course of February. The stock decreased by 7.25%, adding to its year-long decline of 39.76%. Currently, the stock is trading only 2.1% above its 52-week low.
Despite the decline in its stock price, Columbia Banking System Inc reported impressive revenue growth in its fourth quarter financial report for 2023. The company's revenue increased by 147.435% year on year to reach $464.25 million. However, the company's income per share saw a significant drop, falling to $0.27.

Columbia Banking System Inc

COLB Surpasses Expectations with Extraordinary Growth, Despite Challenging Earnings

Interpreting the Financial Results of Columbia Banking System Inc: A Promising Outlook
As a reporter for the , I closely analyzed the recent financial results of Columbia Banking System Inc (COLB), and it is evident that the company has experienced remarkable growth. Despite a substantial increase in revenue of 165.471% year on year, with revenue reaching $488.12 million in its most recent fiscal period, the company's income fell at $0.65 per share.
In comparison to its regional bank sector counterparts, Columbia Banking System Inc has shown impressive progress. In the third quarter of 2023, most corporations in the regional banks sector reported an average business elevation of 0.67% relative to the same period a year ago. However, Columbia Banking System Inc outperformed them, indicating a robust and faster business advancement.

Columbia Banking System Inc

Columbia Banking System Inc Shatters Revenue Records, Surging 184.902% in Second Quarter of 2023 Earnings Season


Introduction
Columbia Banking System Inc, a prominent player in the Regional Banks industry, witnessed outstanding revenue growth in its second quarter of the 2023 earnings season. Despite this positive development, the company experienced a decline in income. In this article, we will delve into the key details of Columbia Banking System Inc's financial performance, highlighting interesting facts and comparing them to industry peers.
Strong Revenue Growth
During the second quarter of 2023, Columbia Banking System Inc reported a robust revenue elevation of an impressive 184.902% year on year, reaching $507.64 million. This substantial increase in revenue exemplifies the strong performance of the company in the given period. Furthermore, this growth outperformed the average revenue elevation of 15.24% in the Regional Banks industry.






 

Columbia Banking System Inc's Segments
 
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
Columbia Banking System Inc does not provide revenue guidance.

Earnings Outlook
Columbia Banking System Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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