Umpqua (UMPQ) Tops Q2 EPS by 2c
Get Alerts UMPQ Hot Sheet
Financial Fact:
Interest on deposits: 9M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
Umpqua (NASDAQ: UMPQ) reported Q2 EPS of $0.31, $0.02 better than the analyst estimate of $0.29.
“Despite the continuing low interest rate environment, Umpqua's financial performance for the second quarter was solid; highlighted by strong performance in the mortgage banking business and double-digit growth in loans and leases, combined with further reductions in the core expense base from ongoing efficiency initiatives,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “We recognize that ongoing margin pressure increases our need to become as efficient as possible, while not eroding the quality of the customer service experience the company provides. As we move into the second half of the year, our loan pipeline remains at record levels and further efficiency initiatives are in process. We will also continue to look for, and take advantage of, growth opportunities such as our FinPac and Pivotus subsidiaries.”
For earnings history and earnings-related data on Umpqua (UMPQ) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Visa (V) stock rises as Q2 earnings, revenue come ahead of estimates
- Trustmark Corp (TRMK) Tops Q1 EPS by 7c
- Artisan Partners Asset Management (APAM) Misses Q1 EPS by 1c
Create E-mail Alert Related Categories
Earnings, Management CommentsRelated Entities
EarningsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!