Umpqua Reports Quarterly And Annual Results

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Go back to Umpqua Reports Quarterly And Annual Results

Umpqua (UMPQ) Tops Q4 EPS by 2c

January 22, 2020 4:18 PM EST

Umpqua (NASDAQ: UMPQ) reported Q4 EPS of $0.38, $0.02 better than the analyst estimate of $0.36.

Fourth Quarter 2019 Highlights (compared to prior quarter):

Gross loan and lease balance diminishment of $325.1 million, or 2%, partially due to $117.9 million in non-SBA loan sales closed during the quarter. Average loan and lease balances increased $208.3 million, or 1%, compared to the prior quarter;Deposit growth of $46.8 million;Net interest income decreased by $2.2 million, attributable to a lower average yield on... More