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Columbia Banking System (COLB)
NASDAQ:COLB
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Earnings Data
Report Date
Jan 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.64Last Year’s EPS
0.65Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -0.43%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
The call highlighted strong financial performance with significant increases in net income and pre-provision net revenue. Improvement in net interest margin and successful loan and deposit growth were noted. However, challenges such as a decline in net interest margin compared to the previous year, expected seasonal deposit declines, and ongoing issues in the transactional real estate loans were discussed. The capital position remains strong, but comprehensive loss impacted TCE ratio.Company Guidance
During Columbia Banking Systems' Q4 2024 earnings call, the company reported significant financial metrics and outlined key strategic guidance. The normalized core expense base decreased by 8% compared to Q4 2023, while pre-provision net revenue rose by 8% and net income increased by 29% over the same period. The net interest margin (NIM) improved by 8 basis points to 3.64% for Q4, driven by strategic deposit cost reductions and a shift in wholesale funding. The bank maintained $1.4 billion in interest-bearing cash and reduced wholesale funding costs from 5% to 4.5%. The balance sheet reflected an increase of $178 million in total loans and a $200 million increase in deposits, offset by a $550 million reduction in borrowings. In 2024, the bank achieved a 16% operating return on average tangible equity and an operating EPS of $0.71. Looking ahead to 2025, Columbia plans to open 5 new branches, invest in digital solutions, and enhance data analytics to drive sustainable core fee income, alongside a projected increase in wholesale funding of up to $0.5 billion due to seasonal deposit flows.Increase in Net Income and Pre-provision Net Revenue
Net income increased by 29% and pre-provision net revenue rose by 8% in the fourth quarter compared to the same period in 2023.
Successful Loan and Deposit Growth
Commercial loans grew by $228 million or 9% on an annualized basis, and total deposits increased by $200 million in the quarter.
Improvement in Net Interest Margin
Net interest margin improved by 8 basis points to 3.64% for the quarter.
Efficiencies from Organizational Initiatives
Normalized core expense base decreased by 8% compared to Q4 2023 due to organizational initiatives.
Strong Capital Position
Regulatory capital ratios increased, with CET1 at 10.5% and total risk-based capital at 12.6%.
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COLB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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COLB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 23, 2025 | $28.15 | $27.96 | -0.67% |
| Oct 24, 2024 | $26.77 | $27.95 | +4.41% |
| Jul 25, 2024 | $23.55 | $26.28 | +11.59% |
| Apr 25, 2024 | $18.17 | $18.27 | +0.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Columbia Banking System (COLB) report earnings?
Columbia Banking System (COLB) is schdueled to report earning on Jan 23, 2025, TBA Not Confirmed.
What is Columbia Banking System (COLB) earnings time?
Columbia Banking System (COLB) earnings time is at Jan 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is COLB EPS forecast?
COLB EPS forecast for the fiscal quarter 2025 (Q1) is 0.64.
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