
- Columbia Banking reported fourth-quarter revenue of $487.1 million, aligning closely with estimates of $489.5 million.
- Revenue decreased by 6.2% compared to the previous year.
- Earnings per share (EPS) increased to 68 cents from 45 cents in the previous year.
- The net interest margin (NIM) on a taxable-equivalent basis was reported at 3.64%, slightly above the estimated 3.5% but down from 3.78% a year earlier.
- The provision for credit losses was $28.2 million, down 49% from the previous year and below the estimated $32.5 million.
- Proactive customer engagement helped improve deposit costs and net interest margin amidst recent reductions in federal funds rates.
- Analyst recommendations include 4 buys and 8 holds, with no sell recommendations.
A look at Columbia Banking System Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on Smartkarma Smart Scores, Columbia Banking System seems to have a positive long-term outlook. The company scores high in areas such as Dividend and Value, indicating strength in these aspects. With a robust Dividend score of 5, investors may find Columbia Banking System attractive for potential income generation. Additionally, the Value score of 4 suggests that the company may be undervalued compared to its intrinsic worth.
However, the company’s Growth and Resilience scores are slightly lower, at 3 and 2 respectively. This could point towards some challenges in terms of growth potential and resilience to economic downturns. Despite this, the Momentum score of 4 indicates a positive trend in the company’s stock performance. Overall, Columbia Banking System, Inc., the holding company for Columbia Bank, appears to be a strong player in the financial sector, particularly serving small to medium-sized businesses and individuals in Washington.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
π‘ Before itβs here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- β Unlimited Research Summaries
- β Personalised Alerts
- β Custom Watchlists
- β Company Analytics and News
- β Events & Webinars