Columbia Banking System will report its second-quarter earnings this Thursday after the bell. Analysts expect revenue to grow 34.3% year on year, an acceleration from the 6.2% increase recorded in the same quarter last year. The company met revenue expectations last quarter, reporting $677 million, up 40.2% year on year, with a beat on EPS estimates but a slight miss on tangible book value per share. Peers OFG Bancorp and BOK Financial have already reported Q2 results, with OFG delivering 4.5% revenue growth and BOK Financial posting a 10.1% increase, both topping estimates. Columbia Banking System shares are up 7.4% over the last month, heading into earnings with an average analyst price target of $33.64 compared to the current share price of $33.17.
Columbia Banking System IncCompany is the subject of the article; upcoming Q2 earnings report with expected revenue growth, but no actual results yet, so impact is ambiguous.
BOK Financial Corporation
OFG Bancorp