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Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 504M | 6.1% |
| Gross Profit | 204M | 24.3% |
| Cost of Revenue | 300M | 3.5% |
| Operating expense | 98M | 10.5% |
| Net Income | 146M | 21.7% |
| EBITDA | 494M | 7.8% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 51.9B | 0.3% |
| Total Liabilities | 46.6B | 0.9% |
| Total Equity | 5.27B | 6% |
| Shares Outstanding | 210M | 0% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 67M | 55.3% |
| Cash from investing | 323M | 4065.6% |
| Cash from financing | -348M | 26.7% |
EPS
Financial Highlights for Columbia Banking System in Q3 '24
Columbia Banking System reported a revenue of 504M, which is a 6.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 204M, marking a 24.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 300M, a -3.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 98M, showing a -10.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 146M, showing a 21.7% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 494M, showing a 7.8% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Columbia Banking System with growth in revenue, gross profit, and net income.
