COLB - These Analysts Cut Their Forecasts On Columbia Banking System After Q4 Results | Benzinga
Columbia Banking System, Inc. (NASDAQ: COLB) reported weaker-than-expected fourth-quarter financial results on Wednesday.
Columbia Banking System posted adjusted earnings of 44 cents per share, missing market estimates of 79 cents per share. The company’s quarterly sales came in at $519.16 million versus expectations of $526.68 million, according to data from Benzinga Pro.
"It was a historic year for Columbia Banking System and Umpqua Bank," said Clint Stein, President and CEO. "We closed and integrated the transformational combination of the Northwest's premier banking organizations, expanding our footprint to encompass eight Western states as we achieved our cost-savings targets ahead ...