Columbia Banking System Q2 EPS $0.81 Misses $0.93 Estimate
Portfolio Pulse from Benzinga Newsdesk
Columbia Banking System (NASDAQ:COLB) reported Q2 earnings of $0.81 per share, missing the analyst consensus estimate of $0.93 by 12.9 percent. However, this is an 8 percent increase over earnings of $0.75 per share from the same period last year.
July 19, 2023 | 8:15 pm
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NEGATIVE IMPACT
Columbia Banking System's Q2 earnings missed analyst estimates by 12.9%, but showed an 8% YoY increase.
Columbia Banking System's earnings miss could negatively impact the stock price in the short term as it indicates the company's performance was not as strong as expected. However, the YoY growth might mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100