Umpqua Reports Quarterly And Annual Results

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Umpqua (UMPQ) Misses Q4 EPS by 3c

January 23, 2019 4:20 PM EST

Umpqua (NASDAQ: UMPQ) reported Q4 EPS of $0.36, $0.03 worse than the analyst estimate of $0.39.

Notable items that impacted the fourth quarter 2018 financial results included:

$5.8 million net gain related to the previously announced sale of substantially all of the assets of Pivotus, Inc.$4.0 million in professional fees related to operational excellence initiatives, compared to $3.5 million in the prior quarter.$13.1 million loss on the fair value of the MSR asset attributable to the decrease... More