Columbia Banking System Inc(NASDAQ:COLB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $107.57M. Analysts estimated a revenue of $105.23M. Earnings per share were $0.44. Analysts had estimated an EPS of $0.45.
Columbia Banking System Inc (COLB) made into the market gainers list on Thursdays trading session with the shares advancing 0.16% or 0.05 points. Due to strong positive momentum, the stock ended at $30.59, which is also near the day’s high of $30.71. The stock began the session at $30.47 and the volume stood at 1,61,155 shares. The 52-week high of the shares is $36.27 and the 52 week low is $26.17. The company has a current market capitalization of $1,774 M and it has 5,80,04,075 shares in outstanding.
Columbia Banking System Inc. is a bank holding company of Columbia State Bank (the Bank). The Company provides a range of banking services to small and medium-sized businesses professionals and individuals throughout Washington Oregon and Idaho. As of December 31 2014 Columbia Bank had 154 branch locations in Washington Oregon and Idaho. Columbia Bank is a Washington state-chartered commercial bank the deposits of which are insured in whole or in part by the Federal Deposit Insurance Corporation (FDIC). As of December 31 2014 the Company operates 78 branches in 21 counties in the state of Washington 60 branches in 16 counties in Oregon and 16 branches in 10 counties in Idaho. The Companys products and services include personal banking business banking and wealth management.