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Colombia Banking System Reports Steady Progress in Q3 Strategic Priorities

The Motley Fool +1 ·

COLB
COLB Columbia Banking System Inc
$30.85 +3.23%
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  1. 1Colombia Banking System recorded a $1.5 billion decrease in wholesale funding for the quarter.
  2. 2Colombia Banking System reported approximately $200 million returned to shareholders through share buybacks during the quarter.
  3. 3The Board of Directors approved a new share buyback plan of $1.2 billion for Colombia Banking System.

So what's the key point?

Colombia Banking System returned $200 million to shareholders by buying back its own shares. The company plans to buy an additional $1.2 billion worth of shares, which is good news for shareholders.

Source The Motley Fool +1 · View original ↗

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