COLB News and Press, Columbia Banking System Inc. From 04/26/23

COLUMBIA BANKING SYSTEM, INC. REPORTS FIRST QUARTER 2023 RESULTS PR Newswire PORTLAND, Ore. , April 26, 2023 First Quarter 2023 Results Net income of $(14) million , or $(0.09) per common share Operating net income of $72 million , or $0.4...

2023-04-17 01:10:04 ET Summary I began accumulating Arrow Financial shares in September 2021. In December I reduced bank equity holdings in favor of buying no-risk CDs yielding ~4.5%. This decision meant the sale of certain banks, including Arrow (sales price $32/cost ~$34). R...

2023-04-06 12:01:04 ET Gainers: Finance Of America Companies ( FOA ) +22% . Harbor Custom Development ( HCDI ) +14% . Pintec Technology Holdings ( PT ) +11% . Veris Residential ( VRE ) +10% . Columbia Banking System ( COLB ) +7...

2023-04-06 10:49:47 ET Columbia Banking System ( NASDAQ: COLB ) stock climbed 6.4% in Thursday morning trading after KBW upgraded shares of the regional lender to Outperform from Market Perform due to greater balance sheet flexibility, above-average profitability and other bulli...

2023-04-01 09:00:00 ET Summary Tech sector layoffs are accelerating as an era of "free money" causes companies to re-think the speed of innovation and product development. The unintended consequences created by requiring employees to head back to the office. The mortgage indus...

Columbia Banking System Announces Date of First Quarter 2023 Earnings Release and Conference Call PR Newswire TACOMA, Wash. , March 31, 2023 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced it...

2023-03-15 12:52:31 ET Crowning Western Alliance Bancorp ( WAL ) as its top buy (price target of $15) among 19 mid-cap banks that UBS initiated coverage on Wednesday, analysts believe that these regional banks are in "no man's land", with funding and credit concerns in focus, and ...

2023-03-09 15:31:37 ET Summary I monitor bank CD rates like a hawk for three reasons. In the immediate aftermath of Fed Chairman Powell's visit to the Hill this past Monday and Tuesday, CD rates popped in line with Treasury rates. My favorite source for brokered CDs currently ...

2023-03-04 09:00:00 ET Summary John's retirement accounts generated a total of $2,176.19 of dividend income for January 2023 vs. $1,904.00 of dividend income for January 2022. John's Traditional IRA had a balance of $372.2K as of January 31, 2023, vs. $361.3K on January 31, 2022. ...

Truist Securities on Thursday initiated coverage of Columbia Banking System ( NASDAQ: COLB ) with a Hold rating following its merger of equals with Umpqua, as it believes the stock remains close to fairly valued. "The financial and strategic merits of the merger are compelling, b...