Columbia Banking: Q3 Earnings Snapshot

TACOMA, Wash. (AP) — TACOMA, Wash. (AP) — Columbia Banking System Inc. (COLB) on Thursday reported third-quarter net income of $220 million.

The bank, based in Tacoma, Washington, said it had earnings of 78 cents per share. Earnings, adjusted for one-time gains and costs, came to 82 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 77 cents per share.

The bank holding company posted revenue of $912 million in the period. Its revenue net of interest expense was $695 million, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $687.9 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COLB at https://www.zacks.com/ap/COLB