Umpqua (UMPQ) Tops Q3 EPS by 5c

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Go back to Umpqua (UMPQ) Tops Q3 EPS by 5c

Umpqua Reports Third Quarter 2018 Results

October 17, 2018 4:15 PM EDT

Net earnings of $91.0 million, or $0.41 per common shareStrong quarterly deposit growth of $398.8 million, offset by $250.6 million of intentional run-off from brokered deposits, for net deposit growth of $148.2 millionOperational excellence initiatives helping drive lower expenses, 3Q efficiency ratio improved to 57.06%

PORTLAND, Ore., Oct. 17, 2018 (GLOBE NEWSWIRE) -- Umpqua Holdings Corporation (NASDAQ: UMPQ) (the Company) reported net earnings available to common shareholders of $91.0 million for the third quarter of 2018, compared to $66.0 million for the second quarter of 2018 and $63.8 million for the third quarter of 2017.  Earnings... More