Tacoma – Columbia Banking System Inc. (COLB) on Thursday reported third-quarter earnings of $46.4 million. The bank, based in Tacoma, said it had earnings of 63 cents per share.
The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share.
The bank holding company posted revenue of $148.6 million in the period. Its revenue net of interest expense was $143.8 million, topping Street forecasts. Three analysts surveyed by Zacks expected $143.2 million.
