Umpqua (UMPQ) Tops Q3 EPS by 5c

Umpqua (NASDAQ: UMPQ) reported Q3 EPS of $0.49, $0.05 better than the analyst estimate of $0.44.

"Umpqua's third quarter results are highlighted by the robust non-PPP (Paycheck Protection Program) loan growth of $480 million and continued reduction of our total cost of deposits, now down to just eight basis points" said Cort O'Haver, President and CEO. "Our growth initiatives will continue as we work to execute our previously announced combination with Columbia Banking System. Combined, we will be the leading regional bank focused on the West Coast. We are creating a company with enhanced scale to fuel organic growth as we continue to create value to our shareholders."

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

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