Columbia Banking System Tops Regional Banks in Q3 Earnings Amid Industry Challenges

Columbia Banking System (NASDAQ:COLB) reported Q3 revenues of $582 million, up 17.2% YoY, exceeding analysts' expectations by 1.9%. The company's shares are up 6.2% since reporting and currently trade at $27.62. Customers Bancorp (NYSE:CUBI) reported revenues of $232.1 million, up 38.5% YoY, outperforming analysts' expectations by 7%. The regional banks stocks we track reported a satisfactory Q3, with revenues missing analysts' consensus estimates by 1.1%.