Umpqua (UMPQ) Tops Q2 EPS by 2c

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Go back to Umpqua (UMPQ) Tops Q2 EPS by 2c

Umpqua Reports Second Quarter 2016 Results

July 20, 2016 4:15 PM EDT

Net earnings of $54.3 million, or $0.25 per common share, up from $0.22 in first quarter

Operating earnings1 of $69.2 million, or $0.31 per common share, up from $0.29 in first quarter

Top-line revenue growth reflecting robust mortgage banking business and strong loan and lease growth

Continued progress in organization-wide efficiency initiatives

PORTLAND, Ore.--(BUSINESS WIRE)-- Umpqua Holdings Corporation (NASDAQ: UMPQ) (the Company) reported net earnings available to common shareholders of $54.3 million for the second quarter of 2016, compared to $47.5 million for the... More