Reported 1 day ago
Columbia Banking System Inc. (COLB) experienced a 6.3% increase in share price, closing at $24.82, after announcing a robust 27% rise in net income to $152 million for Q2. With growth driven by higher interest income and a substantial boost in non-interest income, CEO Clint Stein emphasized the company's effective strategies that support strong performance and long-term value enhancement, despite some seasonal declines in customer deposits.
Source: YAHOO