COLB - Columbia Banking System reports misses Q1 top and bottom consensus

2023-04-26 17:03:00 ET

• Columbia Banking System press release ( NASDAQ: COLB ): Q1 Non-GAAP EPS of $0.46 misses by $0.23 .
• Revenue of $429.44M (+39.1% Y/Y) misses by $12.55M .
• Consolidated asset balances increased $22 billion to $54 billion at quarter end.
• Loan balances of $37 billion and deposit balances of $42 billion at quarter end.
• Estimated total risk-based capital ratio of 11.0% and estimated common equity tier 1 risk-based capital ratio of 8.9%.
• Total deposits were $41.6 billion as of March 31, 2023, an increase of $14.5 billion relative to December 31, 2022.
• Tangible book value per common share decreased to $15.12, compared to $19.14 at December 31, 2023.

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