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COLB - Columbia Banking System Is Getting Awfully Pricey
Columbia Banking System Inc.
2024-01-22 15:32:34 ET
Summary
Columbia Banking System has seen significant improvements in its balance sheet, with a rebound in deposits and a decrease in uninsured deposits.
The institution has experienced growth in net interest income, non-interest income, and net profits.
Despite these positive developments, the stock is considered pricey, and the company's return on equity and return on assets are lower compared to its peers.