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Columbia Banking System, Inc. - COLB STOCK NEWS

Welcome to our dedicated news page for Columbia Banking System (Ticker: COLB), a resource for investors and traders seeking the latest updates and insights on Columbia Banking System.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Columbia Banking System's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Columbia Banking System's position in the market.

Rhea-AI Summary
Columbia Banking System, Inc. (COLB) Announces $0.36 Quarterly Cash Dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.83%
Tags
dividends
-
Rhea-AI Summary
Umpqua Bank, a subsidiary of Columbia Banking System Inc., has added two wine industry banking experts to lead its North Coast Wine Specialty Group. Corey Dahline has been appointed senior vice president, commercial relationship manager to lead the wine-focused commercial banking team, while Greg Newall will serve as private bank market leader. This move reflects Umpqua's commitment to supporting the financial needs of wine-related enterprises and providing holistic financial solutions for their owners and employees.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.46%
Tags
management
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Rhea-AI Summary
Umpqua Bank opens its first retail branch in Utah to support the banking needs of consumers and businesses in the Salt Lake City Metro Area.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.46%
Tags
none
Rhea-AI Summary
Columbia Banking System, Inc. reports third quarter 2023 results with net income of $136 million and operating net income of $164 million. Consolidated asset balances at $52 billion, loan balances at $37 billion, and deposit balances at $42 billion. Estimated CET1 and total capital ratios at 9.4% and 11.5% respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1%
Tags
-
Rhea-AI Summary
Columbia Banking System, Inc. will release Q3 2023 financial results on October 18, 2023. Conference call for investors and analysts at 2:00 p.m. PT. Joining details in the PR.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.41%
Tags
-
Rhea-AI Summary
Business optimism is rising with expectations for increased revenue and profitability. Middle market businesses are focused on digitization for efficiency and tools to protect payment systems. Cybersecurity is a top concern. 57% of middle market businesses likely to bring supply chains back to the U.S. Commercial real estate expansion is increasing. Businesses plan to continue hybrid work options.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.98%
Tags
none
Rhea-AI Summary
Umpqua Bank appoints Nicole Bascomb-Green as Head of Community Lending to address affordable housing challenges in communities
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.66%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.79%
Tags
dividends
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Rhea-AI Summary
Columbia Banking System, Inc. reported net income of $133 million, or $0.64 per common share, and operating net income of $169 million, or $0.81 per common share, for the second quarter of 2023. Consolidated asset balances were $54 billion, with loan balances of $37 billion and deposit balances of $41 billion. The estimated CET1 and total capital ratios were 9.1% and 11.1%, respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.88%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.13%
Tags
management acquisition
Columbia Banking System, Inc.

Nasdaq:COLB

COLB Rankings

COLB Stock Data

3.69B
207.19M
0.65%
90.49%
3.83%
Commercial Banking
Finance and Insurance
Link
United States
Tacoma

About COLB

columbia bank is a full-service northwest community bank headquartered in tacoma, washington, serving businesses, professionals, and individuals through more than 150 branches in washington, oregon, and idaho. we offer the sophisticated solutions and lending capacity of a regional bank, while retaining the commitment to customer satisfaction and community you expect when doing business with a local bank. for the ninth consecutive year, the bank was named one of puget sound business journal’s “washington’s best workplaces.” columbia ranked in the top 20 on the 2015 forbes list of best banks in the country, as well as ranking the best in washington and second in the pacific northwest for the fourth year in a row. at columbia bank, we truly believe that our people make the difference. our strong bank and thriving culture are built upon our ability to attract and retain talented bankers who posses industry expertise, deep knowledge of and affinity for their local community and a commit