Umpqua Holdings Corp (UMPQ) Misses Q3 EPS by 4c

Umpqua Holdings Corp (NASDAQ: UMPQ) reported Q3 EPS of $0.28, $0.04 worse than the analyst estimate of $0.32.

“Umpqua’s financial performance in the third quarter reflects the strength of our footprint and unique position in strategic growth markets, as well as our focus on both managing capital wisely and increasing shareholder value,” said Ray Davis, President and CEO of Umpqua Holdings Corporation. “Despite the difficult low interest rate environment, the company performed strongly, including robust loan and deposit growth, decreased non-interest expense, additional cost synergies, and an increased quarterly dividend per share. We also continue to invest in the future of the company, and look forward to introducing new developments in the coming months that will continue advancing the innovative customer experience and product delivery for which Umpqua is known.”

For earnings history and earnings-related data on Umpqua Holdings Corp (UMPQ) click here.

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