Finally, with strong financial indicators, the third one commands respect in regional banking. Strategic balance sheet expansion is the foundation for its strong performance, as seen by its earnings per share (EPS), return on equity and net interest income. Overall, these businesses offer more than just financial prospects. They are examples of resilience against volatile markets. One should look for hidden jewels in the stock market, which provide stability and development possibilities. Three businesses h ...

| --- | --- | |-------------------|--------------------------------------------------------------------------------------------------------------------------------| | | GLOSSARY OF DEFINED TERMS | | ACL | Allowance for Credit Losses | | ACLLL | Allowance for Credit Losses on Loans and Leases | | ASU | Accounting Standards Update | | Bank | Umpqua Bank | | Basel III | Basel Capital Framework (third accord) | | BOLI | Bank Owned Life Insurance | | BTFP | Bank Term Funding Program | | CECL | Current Expected C ...

LAKE OSWEGO, Ore., May 2, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc. (Nasdaq: COLB), today announced it has been named to Global Finance's 31st annual World's Best Banks list. Umpqua was named the best U.S. regional bank in the Far West. New York-based Global Finance, a leading international corporate finance publication, each year ranks banks around the world based on a combination of factors including financial performance, balance sheet strength, breadth of products an ...

The company beat on the bottom line, but whiffed on revenue in its latest-reported quarter.Despite a mixed first quarter, investors gave the benefit of the doubt to Columbia Banking System (COLB 0.58%) on Friday. The Washington state-based company, arguably best known as the operator of the region's Umpqua Bank, managed to lift several of its more important metrics during the period. Its share price inched up by 0.6%, a rate slightly outpaced by the S&P 500 index's 1% rise.A miss on revenue, but a solid bea ...

Columbia Banking System, Inc. (NASDAQ:COLB) Q1 2024 Earnings Conference Call April 25, 2024 5:00 PM ET Company Participants Clint Stein - President and Chief Executive Officer Ron Farnsworth - Chief Financial Officer Frank Namdar - Chief Credit Officer Tory Nixon - President, Umpqua Bank Chris Merrywell - President, Umpqua Bank Conference Call Participants David Feaster - Raymond James Jared Shaw - Barclays Jeff Rulis - D.A. Davidson Ben Gerlinger - Citi Timur Braziler - Wells Fargo Brandon King - Truist An ...

Columbia Banking (COLB) reported $473.72 million in revenue for the quarter ended March 2024, representing a year-over-year increase of 10.3%. EPS of $0.65 for the same period compares to $0.46 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $478.44 million, representing a surprise of -0.99%. The company delivered an EPS surprise of +22.64%, with the consensus EPS estimate being $0.53.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings ...

nm = Percentage changes greater than +/-500% are considered not meaningful and are presented as "n/m." 0 CEO Commentary "Our first quarter results reflect early progress on our targeted actions to improve our financial performance and drive shareholder value," said Clint Stein, President and CEO. "Enterprise-wide evaluations and targeted changes resulted in tighter expense control and stabilizing deposit costs in the latter part of the quarter. We will continue to exercise prudent expense management, and we ...

LAKE OSWEGO, Ore., April 8, 2024 /PRNewswire/ -- Umpqua Bank, a subsidiary of Columbia Banking System Inc., (Nasdaq: COLB) has been named to Newsweek's list of Most Trustworthy Companies in America for the second year in a row, ranking ninth in the bank category for 2024. The award, presented and announced on March 27th by Newsweek and industry ranking provider Statista Inc., is based on a comprehensive evaluation of customer, investor and employee trust. "We strive every day to build a culture that support ...

TACOMA, Wash., April 1, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia"Nasdaq: COLB), parent company of Umpqua Bank, today announced it will release first quarter 2024 financial results on Thursday, April 25, 2024, after market close. The Company will host a conference call for investors and analysts at 2:00 p.m. PT (5:00 p.m. ET) that same day. During the call, management will discuss Columbia's first quarter 2024 financial results and provide an update on recent activities. There will be a ...

TACOMA, Wash., Feb. 27, 2024 /PRNewswire/ -- Columbia Banking System, Inc. ("Columbia"Nasdaq: COLB) President and CEO Clint Stein is scheduled to present at the Raymond James & Associates 45th Annual Institutional Investors Conference on Tuesday, March 5, 2024, at 9:15 a.m. ET. Mr. Stein is also scheduled to present at the RBC Capital Markets Global Financial Institutions Conference on Wednesday, March 6, 2024, at 4:40 p.m. ET. An audiocast and replay of each event, which may contain forward-looking stateme ...