Originally published October 26, 2007 at 12:00 AM | Page modified October 26, 2007 at 2:01 AM
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Print viewNorthwest corporate results | Columbia Banking System, Northstar Neuroscience
Nw corporate results | Dollar figures in thousands, except per share; parentheses denote losses. Columbia Banking System Banking Sept 30...
| Dollar figures in thousands, except per share; parentheses denote losses. | |||
| Columbia Banking System | |||
| Banking | |||
| Sept 30 | % | ||
| 3rd QTR | 2007 | 2006 | CHG |
| Profit | $9,256 | $8,335 | +11.0 |
| Per share | 0.53 | 0.52 | +1.9 |
| Assets | 3,122,744 | 2,507,450 | +24.5 |
| 9 MOS | 2007 | 2006 | CHG |
| Profit | $25,083 | $23,762 | +5.6 |
| Per share | 1.51 | 1.47 | +2.7 |
| COMMENT: Results for the Tacoma-based bank reflect the acquisition in July of Mountain Bank Holding and Town Center Bancorp. The corresponding increase in outstanding shares helped pull down return on average equity, to 12.2 percent from 13.9 percent in the third quarter of 2006. Nonperforming assets more than doubled, to $10.4 million, but still represented just 0.33 percent of total assets. | |||
| Northstar Neuroscience | |||
| Medical device maker | |||
| Sept 30 | % | ||
| 3rd QTR | 2007 | 2006 | CHG |
| Profit | ($5,421) | ($5,414) | -0.1 |
| Per share | (0.21) | (0.21) | 0 |
| Revenue | 1,219 | 1,496 | -18.5 |
| 9 MOS | 2007 | 2006 | CHG |
| Profit | ($18,996) | ($21,873) | +13.2 |
| Per share | (0.74) | (1.48) | +50.0 |
| Revenue | 3,860 | 1,852 | 108 |
| COMMENT: The quarterly loss at the Seattle company, which develops therapies for the treatment of neurological diseases, remained flat as lower development expenses offset higher administrative costs. | |||
Copyright © 2007 The Seattle Times Company
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