COLB News and Press, Columbia Banking System Inc. From 06/12/23

Umpqua Bank Charitable Foundation Awards Community Grants to 78 Nonprofits PR Newswire 2023's first cycle of grants issued as part of $20MM philanthropic commitment following transformative merger with Columbia Bank LAKE OSWEGO, Ore. , June 12, 2023 /...

2023-06-06 02:57:53 ET Summary Columbia Banking System is undervalued by 24% at its current price of $22.07, with a fair value of $28.87 according to a discounted cash flow analysis. The bank's merger with Umpqua is expected to create accretive value and improve portfolio diversit...

2023-05-20 09:00:00 ET Summary John's retirement accounts generated a total of $2,215.32 of dividend income for April 2023 vs. $1,958.89 of dividend income for April 2022. John's Traditional IRA had a balance of $347.4K as of April 30, 2023, vs. $362.5K on April 30th, 2022. The es...

2023-05-18 15:02:41 ET Fitch Ratings downgraded its long-term issuer default rating for PacWest Bancorp ( NASDAQ: PACW ), which has seen its stock sink after the March bank failures, to junk status (BB+) from investment grade (BBB-), according to a Thursday release. The move was...

2023-05-15 08:09:11 ET Columbia Banking System ( NASDAQ: COLB ) declares $0.36/share quarterly dividend , 20% increase from prior dividend of $0.30. Forward yield 7.81% Payable June 15; for shareholders of record May 31; ex-div May 30. "We are pleased to an...

Columbia Banking System Announces Increase to Common Share Dividend PR Newswire TACOMA, Wash. , May 15, 2023 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia" Nasdaq: COLB), parent company of Umpqua Bank, today announced its Board of Directors has approve...

2023-04-29 09:00:00 ET Summary John's retirement accounts generated a total of $3,063.24 of dividend income for March 2023 vs. $2,457.27 of dividend income for March 2022. John's Traditional IRA had a balance of $350.2K as of March 31, 2023, vs. $372.5K on March 31, 2022. The esti...

2023-04-26 21:54:12 ET Columbia Banking System, Inc. (COLB) Q1 2023 Earnings Conference Call April 26, 2023, 05:00 PM ET Company Participants Jackie Bohlen - Investor Relations Director Clint Stein - President and Chief Executive Officer Ron Farnsworth - Chief Fi...

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. L...

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...