Compared to Estimates, Columbia Banking (COLB) Q4 Earnings: A Look at Key Metrics

Financial Performance - Columbia Banking reported revenue of $487.12 million for the quarter ended December 2024, a year-over-year decline of 6.2% [1] - EPS for the quarter was $0.71, compared to $0.44 a year ago, representing a significant increase [1] - The revenue was slightly below the Zacks Consensus Estimate of $491.6 million, with a surprise of -0.91% [1] - EPS exceeded the consensus estimate of $0.65, with a positive surprise of +9.23% [1] Key Metrics Analysis - Efficiency Ratio: 54.6% versus the four-analyst average estimate of 53.8% [4] - Net Interest Margin: 3.6%, matching the four-analyst average estimate [4] - Net charge-offs to average loans outstanding: 0.3%, in line with the four-analyst average estimate [4] - Average Balance - Total interest earning assets: $47.87 billion, slightly below the four-analyst average estimate of $48.46 billion [4] - Total non-performing assets: $169.56 million, below the three-analyst average estimate of $174.59 million [4] - Total non-performing loans and leases: $166.89 million, above the three-analyst average estimate of $149.31 million [4] - Net Interest Income: $437.37 million, exceeding the four-analyst average estimate of $432.64 million [4] - Total noninterest income: $49.75 million, below the four-analyst average estimate of $59 million [4] - Service charges on deposits: $18.40 million, slightly below the three-analyst average estimate of $18.90 million [4] - Net interest income (FTE): $438.42 million, exceeding the three-analyst average estimate of $433.93 million [4] - Financial services and trust revenue: $5.27 million, slightly below the three-analyst average estimate of $5.30 million [4] - BOLI income: $4.74 million, exceeding the two-analyst average estimate of $4.28 million [4] Stock Performance - Shares of Columbia Banking have returned +4.4% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently has a Zacks Rank 3 (Hold), indicating it could perform in line with the broader market in the near term [3]