TACOMA, Wash. (AP) _ Columbia Banking System Inc. (COLB) on Thursday reported fourth-quarter net income of $58.3 million.

The bank, based in Tacoma, Washington, said it had earnings of 82 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The bank holding company posted revenue of $156.9 million in the period. Its revenue net of interest expense was $154.7 million, also topping Street forecasts.

For the year, the company reported profit of $154.2 million, or $2.17 per share. Revenue was reported as $604.6 million.

Columbia Banking shares have climbed 12% since the beginning of the year.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on COLB at https://www.zacks.com/ap/COLB

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