Columbia Banking System (COLB) Misses Q4 EPS by 2c

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Go back to Columbia Banking System (COLB) Misses Q4 EPS by 2c

Columbia Banking System Announces Regular Cash Dividend of $0.18 and Declares Special Cash Dividend of $0.20

January 28, 2016 8:03 AM EST

TACOMA, Wash., Jan. 28, 2016 /PRNewswire/ -- Columbia Banking System, Inc. (NASDAQ: COLB) announced today that a quarterly cash dividend of $0.18 per common share, and per common share equivalent for holders of preferred stock, will be paid on February 24, 2016 to shareholders of record as of the close of business on February 10, 2016.

In addition, the Board of Directors declared a special cash dividend of $0.20 per common share, and per common share equivalent for holders of preferred stock, which will also be paid... More

Columbia Banking System Announces Fourth Quarter and Full Year 2015 Earnings

January 28, 2016 8:02 AM EST

TACOMA, Wash., Jan. 28, 2016 /PRNewswire/ -- Melanie Dressel, President and Chief Executive Officer of Columbia Banking System and Columbia Bank (NASDAQ: COLB) ("Columbia"), said today upon the release of Columbia's fourth quarter 2015 earnings, "Our record earnings for the fourth quarter and full year were the result of several positive trends that continued to build throughout 2015. We are proud of our record loan production of $1.1 billion for the year." Ms. Dressel continued, "Our operating leverage continues to improve as we experienced growth in non-interest income and a lower expense to asset ratio. Asset... More