Columbia Banking (COLB) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates

For the quarter ended December 2023, Columbia Banking (COLB) reported revenue of $519.16 million, up 173.2% over the same period last year. EPS came in at $0.44, compared to $0.93 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $531.1 million, representing a surprise of -2.25%. The company delivered an EPS surprise of -45.00%, with the consensus EPS estimate being $0.80.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Columbia Banking performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net charge-offs to average loans outstanding: 0.3% versus 0.3% estimated by five analysts on average.
  • Average Balance - Total interest earning assets: $47.84 billion versus $48.36 billion estimated by five analysts on average.
  • Efficiency Ratio: 64.8% versus 52.2% estimated by five analysts on average.
  • Net Interest Margin: 3.8% versus 3.9% estimated by five analysts on average.
  • Total non-performing loans and leases: $112.90 million compared to the $114.61 million average estimate based on three analysts.
  • Total non-performing assets: $113.94 million versus $117.97 million estimated by three analysts on average.
  • Total noninterest income: $65.53 million versus the five-analyst average estimate of $61.40 million.
  • Net interest income (FTE): $454.73 million compared to the $471.30 million average estimate based on four analysts.
  • Net Interest Income: $453.62 million versus $470.84 million estimated by four analysts on average.
  • Service charges on deposits: $17.35 million versus the three-analyst average estimate of $17.39 million.
  • Financial services and trust revenue: $3.01 million versus the three-analyst average estimate of $4.81 million.
  • Gain on loan and lease sales, net: $1.16 million versus $2.44 million estimated by two analysts on average.
View all Key Company Metrics for Columbia Banking here>>>

Shares of Columbia Banking have returned -6.9% over the past month versus the Zacks S&P 500 composite's +2.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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