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Columbia Banking: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

TACOMA, Wash. (AP) — TACOMA, Wash. (AP) — Columbia Banking System Inc. (COLB) on Thursday reported second-quarter profit of $120.1 million.

The Tacoma, Washington-based bank said it had earnings of 57 cents per share. Earnings, adjusted for non-recurring costs, came to 67 cents per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share.

The bank holding company posted revenue of $740.2 million in the period. Its revenue net of interest expense was $472.2 million, which missed Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COLB at https://www.zacks.com/ap/COLB