UPDATE: Umpqua (UMPQ) Misses Q3 EPS by 1c (CORRECTION)

Umpqua (NASDAQ: UMPQ) reported Q3 EPS of $0.28, 1 cent below the analyst estimate of $0.29.

“The improvement in our third quarter financial performance reflects strong growth in both loans and deposits, continuing on the early success of our balanced growth initiatives,” said Cort O'Haver, president and CEO of Umpqua Holdings Corporation. “Mortgage banking remained seasonally strong in the quarter, and we managed operating expenses effectively. Our core growth markets remain vibrant, and we are in good position to generate positive operating leverage from the revenue and efficiency strategies organized under the Umpqua Next Gen initiative.”

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

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