Jan. 23 at 12:29 PM
$COLB beats on earnings, but is it enough to offset loan and deposit declines? 📉
Columbia Banking System posted Q4 operating earnings of 82 cents per share, topping the Zacks Consensus Estimate of 72 cents, with a notable 43% increase in net interest income for the quarter. Yet, loans and deposits saw sequential drops, casting a shadow on growth prospects.
Full breakdown here 👉 https://www.zacks.com/stock/news/2821776/colbs-q4-earnings-beat-on-higher-revenues-provisions-dip-yy?cid=sm-stocktwits-2-2821776-body-30175&ADID=SYND_STOCKTWITS_TWEET_2_2821776_BODY_30175