Columbia Banking System (COLB) Tops Q4 EPS by 4c

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Go back to Columbia Banking System (COLB) Tops Q4 EPS by 4c

Columbia Banking System Announces Increased Regular Cash Dividend of $0.22

January 26, 2017 8:00 AM EST

TACOMA, Wash., Jan. 26, 2017 /PRNewswire/ -- Columbia Banking System, Inc. (NASDAQ: COLB) announced today that a quarterly cash dividend of $0.22 per common share will be paid on February 22, 2017 to shareholders of record as of the close of business on February 8, 2017.  

Melanie Dressel, President and Chief Executive Officer noted, "In light of our fourth quarter and full-year 2016 financial performance, the Board of Directors have elected to increase our regular cash dividend by 10%.  The dividend constitutes a payout ratio of 42%... More

Columbia Banking System Announces Record Fourth Quarter and Full Year 2016 Results

January 26, 2017 8:00 AM EST

TACOMA, Wash., Jan. 26, 2017 /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 and full year 2016 earnings, "We are very pleased with our results for the fourth quarter, which continued to build upon our second and third quarter performance. Record loan production during the year, good credit quality metrics, and a continued focus on improved operating leverage helped us achieve record fourth quarter net income." Ms. Dressel continued, "I was also... More