Columbia Banking System (COLB) Misses Q2 EPS by 7c

Columbia Banking System (NASDAQ: COLB) reported Q2 EPS of $0.57, $0.07 worse than the analyst estimate of $0.64.

Highlights

• Record quarterly net income of $41.7 million; diluted earnings per share of $0.57, which included $0.03 per share negative impact from acquisition-related expenses
• Net interest margin of 4.29%, up 7 basis points from linked quarter
• Record second quarter loan production of $372.7 million
• Nonperforming assets to period end assets ratio decreased to 0.61%

Hadley Robbins, President and Chief Executive Officer of Columbia Banking System and Columbia Bank , said today upon the release of Columbia\'s second quarter 2018 earnings, "Our bankers had a very successful quarter in generating a record level of production, while at the same time working down nonperforming assets. Year over year, we have seen earnings before income taxes grow more than 35%."

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

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