Columbia Banking Systems (COLB) Posts Q3 EPS of 48c
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Price: $32.44 --0%
Financial Fact:
Change in FDIC loss sharing asset: -104K
Today's EPS Names:
OTLK, EGRX, MOVE, More
Financial Fact:
Change in FDIC loss sharing asset: -104K
Today's EPS Names:
OTLK, EGRX, MOVE, More
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Columbia Banking Systems, Inc. (Nasdaq: COLB) reported Q3 EPS of $0.48, which may not compare with the analyst estimate of $0.27. Revenue for the quarter came in at $0 versus the consensus estimate of $54.85 million.
The significant increase in earnings is primarily due to the financial benefits derived from recent FDIC-assisted transactions, including a net bargain purchase gain of $1.8 million on the Bank of Whitman transaction.
The significant increase in earnings is primarily due to the financial benefits derived from recent FDIC-assisted transactions, including a net bargain purchase gain of $1.8 million on the Bank of Whitman transaction.
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