Columbia Banking System (COLB) Misses Q1 EPS by 10c

Columbia Banking System (NASDAQ: COLB) reported Q1 EPS of $0.55, $0.10 worse than the analyst estimate of $0.65.

Highlights

• First quarter net income of $40.0 million; diluted earnings per share of $0.55, which included $0.04 per share negative impact from acquisition-related expenses
• Net interest margin of 4.22%, up 2 basis points from linked quarter
• Loan production for the quarter of $264.3 million
• Pacific Continental core system conversion completed

For earnings history and earnings-related data on Columbia Banking System (COLB) click here.

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