Columbia Banking Systems (COLB) Posts Q3 EPS of 48c
Columbia Banking Systems, Inc. (Nasdaq: COLB) reported Q3 EPS of $0.48, which may not compare with the analyst estimate of $0.27. Revenue for the quarter came in at $0 versus the consensus estimate of $54.85 million.
The significant increase in earnings is primarily due to the financial benefits derived from recent FDIC-assisted transactions, including a net bargain purchase gain of $1.8 million on the Bank of Whitman transaction.
The significant increase in earnings is primarily due to the financial benefits derived from recent FDIC-assisted transactions, including a net bargain purchase gain of $1.8 million on the Bank of Whitman transaction.