Core Viewpoint - Columbia Banking (COLB) is expected to report quarterly earnings of $0.65 per share, reflecting a year-over-year increase of 47.7%, while revenues are anticipated to decline by 5.3% to $491.6 million [1] Earnings Estimates - Changes in earnings estimates are crucial for predicting investor reactions, with empirical studies showing a strong correlation between earnings estimate revisions and short-term stock performance [2] Key Metrics Projections - Analysts project 'Average Balance - Total interest earning assets' to reach $48.46 billion, up from $47.84 billion a year ago [4] - The 'Efficiency Ratio' is expected to be 53.8%, a significant improvement from 64.8% reported in the same quarter last year [4] - 'Net Interest Margin' is forecasted at 3.6%, down from 3.8% in the previous year [5] - 'Total non-performing loans and leases' are estimated at $149.31 million, compared to $112.90 million a year ago [5] - 'Total non-performing assets' are projected to be $174.59 million, up from $113.94 million last year [5] Income Projections - 'Total noninterest income' is expected to be $59.00 million, down from $65.53 million a year ago [6] - 'Net Interest Income' is projected at $432.64 million, compared to $453.62 million in the same quarter last year [6] - 'Financial services and trust revenue' is anticipated to reach $5.30 million, up from $3.01 million a year ago [7] - 'Net interest income (FTE)' is expected to be $433.93 million, down from $454.73 million in the previous year [7] Additional Revenue Estimates - 'Service charges on deposits' are projected at $18.90 million, compared to $17.35 million last year [8] - 'BOLI income' is estimated at $4.28 million, slightly down from $4.33 million a year ago [8] - 'Card-based fees' are expected to reach $15.03 million, up from $14.59 million in the same quarter last year [8] Stock Performance - Over the past month, Columbia Banking shares have increased by 6.6%, contrasting with the Zacks S&P 500 composite's decline of 2.1% [9] - Based on its Zacks Rank 3 (Hold), COLB is expected to perform in line with the overall market in the upcoming period [10]

I am a self-taught value investor focusing on Equity REITs, ETFs, special-situation opportunities, portfolio management, and factor investing. My goal is to generate above-average returns with below-average volatility. My ideas are usually long-term but I will respond appropriately to unexpected events if they seem to disrupt any of my theses.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the quarterly period ended: September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the transition period from to . Commission File Number: 000-20288 COLUMBIA BANKING SYSTEM, INC. (Exact Name of Registrant as Specified in Its Charter) Washington 91-1422237 (State or Other Ju ...

Investors generally tend to cling to the price-to-earnings (P/E) metric while looking for bargain stocks. In addition to being a widely used tool for screening stocks, P/E is also a popular metric to work out the fair market value of a company. But even this ubiquitously used valuation multiple has a few downsides.While P/E is the most popular valuation metric, a more complicated multiple called EV-to-EBITDA works even better. Often considered a better alternative to P/E, it gives the true picture of a comp ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Financial Data and Key Metrics Changes - The company reported Q3 EPS of $0.70 and operating EPS of $0.69 per share, with an operating return on tangible equity of 16% and operating PPNR of $221 million [10] - Total deposits remained flat, with a seasonal increase in noninterest-bearing DDA and strong growth in interest-bearing deposits, leading to a 20% reduction in brokered deposits [10][11] - Tangible book value per share increased by 10% to $17.81, driven by a 50% reduction in accumulated other comprehensive loss [11] Business Line Data and Key Metrics Changes - Customer deposit balances increased by $602 million, reflecting successful small business campaigns and a 20% reduction in brokered deposits [20] - Loan balances declined by $207 million, primarily due to a strategic reduction in transactional real estate loans [21] - Core fee income pipelines expanded, with treasury management and commercial card income increasing by 12% and 19% year-to-date, respectively [22] Market Data and Key Metrics Changes - The company successfully entered and grew in newer markets such as Arizona, Colorado, and Utah, while also enhancing its presence in established regions [6][7] - The company opened its second retail branch in Arizona and plans to open a third location, indicating ongoing market expansion efforts [7] Company Strategy and Development Direction - The company aims to regain long-term top quartile performance by focusing on operational efficiency and reducing costs, achieving $270 million in gross expense reductions to date [3][4] - There is a commitment to relationship banking, with a focus on balanced growth with new and existing customers while reducing exposure to transactional loans [8] - The company is actively evaluating opportunities for organic growth and potential M&A, with a focus on maximizing performance from existing operations [32] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's future, emphasizing the focus on driving balanced growth and regaining top performance [8] - The company expects continued reductions in interest-bearing deposit costs and a stable net interest margin, despite the challenges posed by the current economic environment [12][13] - Management highlighted the importance of maintaining a cost-conscious culture while supporting reinvestments for future growth [5] Other Important Information - The company reported a provision for credit loss of $29 million for the quarter, with a robust overall allowance for credit loss at 1.17% of total loans [13] - Total GAAP expense for the quarter was $271 million, with operating expenses reflecting continued efficiency initiatives [14] Q&A Session Summary Question: Core margin and near-term thoughts on core NIM - Management indicated that normalized deposit flows will be key to NIM performance, with expectations for stability in the fourth quarter [25] Question: Adjusted expense annualized run rate - Management expressed confidence in hitting the low end of the expense range for Q4, with expectations for continued reinvestments [26] Question: Potential for stock buyback - Management is actively evaluating capital return options, including stock buybacks, but emphasized the importance of maintaining regulatory capital levels [27] Question: Small business campaigns and their targeting - Management confirmed that small business campaigns have been broad-based across all markets, contributing to high retention rates [29] Question: Loan yield repricing dynamics - Management discussed the stability of the loan pipeline and the potential for continued growth in relationship-driven commercial loans [33] Question: Credit quality and normalization of FinPac - Management reported improvements in credit quality, with expectations for further normalization in the FinPac portfolio [46][47] Question: Securities accretion and prepayment trends - Management indicated that prepayment levels are expected to stabilize, with no significant increases anticipated unless market conditions change [50] Question: Cycle-to-date beta and funding dynamics - Management expects that deposit beta will mirror previous cycles, with ongoing adjustments based on market conditions [53]

EXHIBIT 99.1 | --- | --- | --- | --- | |---------------------------|-------------------------------------------|--------------------------------------------------------|------------------------------------------------| | COLUMBIA \n$146 million | BANKING SYSTEM, INC. \n$143 million | REPORTS THIRD QUARTER \n$0.70 | 2024 RESULTS \n$0.69 | | Net income | 1 | Operating net income Earnings per diluted common share | Operating earnings per diluted common share 1 | CEO Commentary "Our third quarter results reflec ...

Columbia Banking (COLB) reported $496.38 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 5.4%. EPS of $0.69 for the same period compares to $0.79 a year ago.The reported revenue represents a surprise of +3.67% over the Zacks Consensus Estimate of $478.8 million. With the consensus EPS estimate being $0.61, the EPS surprise was +13.11%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to W ...

Columbia Banking (COLB) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.11%. A quarter ago, it was expected that this bank holding company would post earnings of $0.57 per share when it actually produced earnings of $0.67, delivering a surprise of 17.54%.Over the last four quarters ...

The upcoming report from Columbia Banking (COLB) is expected to reveal quarterly earnings of $0.61 per share, indicating a decline of 22.8% compared to the year-ago period. Analysts forecast revenues of $478.8 million, representing a decrease of 8.8% year over year.The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Ahead ...