Columbia Banking System (COLB) Restructuring Costs (2022 - 2024)
Columbia Banking System (COLB) posted Restructuring Costs of $2.4 million for Q3 2024, down 83.85% sequentially from $14.6 million in Q2 2024, and down 87.52% YoY from $18.9 million in Q4 2023.
Columbia Banking System (COLB) Restructuring Costs (2022 - 2024) Analysis & Trends
Columbia Banking System has reported Restructuring Costs for 3 years, with the latest figure at $2.4 million in Q3 2024.
- Quarterly Restructuring Costs fell 87.52% year-over-year to $2.4 million in Q3 2024, while the trailing twelve-month figure through Sep 2024 was $28.7 million (down 83.73% YoY) and the FY2023 annual result came in at $171.7 million, up 889.05% from the prior year.
- Restructuring Costs slipped to $2.4 million in Q3 2024 per COLB's latest filing, from $14.6 million in the prior quarter.
- Over five years, Restructuring Costs peaked at $115.9 million in Q1 2023 and troughed at $769000.0 in Q3 2022.
- A 3-year average of $19.1 million and a median of $7.2 million in 2023 frame the typical range for Restructuring Costs.
- The sharpest annual moves came in 2023 and 2024: Restructuring Costs jumped 4987.71% in 2023, then tumbled 96.14% in 2024.
- Over 3 years, Restructuring Costs stood at $11.6 million in 2022, then sank by 38.35% to $7.2 million in 2023, then sank by 67.05% to $2.4 million in 2024.
- According to Business Quant data, Restructuring Costs over the past three periods registered $2.4 million, $14.6 million, and $4.5 million for Q3 2024, Q2 2024, and Q1 2024 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - |
| 10 | Columbia Banking System | 8.81 Bn | 7.04 Bn | 18.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2024 | 2.36 Mn |
| Jun 30, 2024 | 14.64 Mn |
| Mar 31, 2024 | 4.48 Mn |
| Dec 31, 2023 | 7.17 Mn |
| Sep 30, 2023 | 18.94 Mn |
| Jun 30, 2023 | 29.65 Mn |
| Mar 31, 2023 | 115.90 Mn |
| Dec 31, 2022 | 11.64 Mn |
| Sep 30, 2022 | 769,000.00 |
| Jun 30, 2022 | 2.67 Mn |
| Mar 31, 2022 | 2.28 Mn |