Columbia Banking System (COLB) Misses Q2 EPS by 1c

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Go back to Columbia Banking System (COLB) Misses Q2 EPS by 1c

Columbia Banking System Announces Increased Regular Cash Dividend of $0.20 and Declares Special Cash Dividend of $0.19

July 28, 2016 8:03 AM EDT

TACOMA, Wash., July 28, 2016 /PRNewswire/ -- Columbia Banking System, Inc. (NASDAQ: COLB) announced today that a quarterly cash dividend of $0.20 per common share, and per common share equivalent for holders of preferred stock, will be paid on August 24, 2016 to shareholders of record as of the close of business on August 10, 2016.  This is a 5% increase from the $0.19 regular cash dividend paid during the second quarter 2016 and an 11% increase from the $0.18 paid during the first quarter 2016.

In addition, the Board... More

Columbia Banking System Announces Second Quarter 2016 Results

July 28, 2016 8:02 AM EDT

TACOMA, Wash., July 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 second quarter 2016 earnings, "The second quarter of the year has traditionally been a strong quarter for us and it was again this year. Our bankers continue their impressive level of loan production, our nonperforming assets to total assets remains well below our peers, and the results of our expense initiatives are reflected in the continued improvement in our efficiency ratio."... More