Columbia Banking: 2Q Earnings Snapshot
TACOMA, Wash. (AP) _ Columbia Banking System Inc. (COLB) on Thursday reported second-quarter profit of $51.7 million.
The Tacoma, Washington-based bank said it had earnings of 71 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.
The bank holding company posted revenue of $161.1 million in the period. Its revenue net of interest expense was $150.8 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $147.2 million.
Columbia Banking shares have climbed slightly more than 1% since the beginning of the year.