Umpqua Reports Third Quarter 2019 Results

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Go back to Umpqua Reports Third Quarter 2019 Results

Umpqua (UMPQ) Tops Q3 EPS by 1c

October 16, 2019 4:17 PM EDT

Umpqua (NASDAQ: UMPQ) reported Q3 EPS of $0.38, $0.01 better than the analyst estimate of $0.37.

Third Quarter 2019 Highlights (compared to prior quarter):

Net interest income increased by $1.8 million on a quarter to quarter basis primarily driven by higher average balances of loans and leases along with a lower level of premium amortization for residential mortgage backed securities and collateralized mortgage obligations, partially offset by lower average yields on loans and leases;Provision for loan and... More