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Free Post Earnings Research Report: Umpqua Holdings EPS Rose 19% Y-o-Y

Stock Monitor: American River Bankshares Post Earnings Reporting

LONDON, UK / ACCESSWIRE / July 24, 2018 / If you want access to our free earnings report on Umpqua Holdings Corp. (NASDAQ: UMPQ), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=UMPQ. The Company posted its financial results on July 18, 2018, for the second quarter of the fiscal year 2018 (Q2 FY18). The bank's net interest income rose 7% y-o-y, whereas its diluted earnings per share (EPS) grew 19% y-o-y. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Umpqua Holdings most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

During the three months ended June 30, 2018, Umpqua Holdings reported a total interest income of $257.59 million, which came in above the $231.14 million recorded in Q2 FY17. The Company's total interest expenses increased to $30.29 million in Q2 FY18 from $19.06 million in Q2 FY17. Moreover, the Company's net interest income grew to $227.30 million in Q2 FY18 from $212.08 million in the prior year's same quarter.

The Portland, Oregon-based bank's total non-interest income stood at $71.65 million in Q2 FY18 compared to $71.12 million in Q2 FY17. The Company's total non-interest expenses increased to $195.57 million in Q2 FY18 from $184.02 million in Q2 FY17, primarily attributed to a restructuring charge.

Umpqua Holdings' net earnings available to common shareholders came in at $67.78 million, or $0.31 per diluted share, in Q2 FY18, up from $56.80 million, or $0.26 per diluted share, in Q2 FY17. However, the Company's net income numbers missed Wall Street's consensus estimates of $0.34 per diluted share in Q2 FY18.

Performance Metrics

As on June 30, 2018, Umpqua Holdings' loans and leases balance stood at $19.69 billion, which came in above $18.32 billion as on June 30, 2017. The Company's average yield on loans and leases increased to 4.81% in Q2 FY18 compared to 4.67% in Q2 FY17. The Company reported a deposit balance of $20.74 billion as on June 30, 2018, up from $19.46 billion as on June 30, 2017. Furthermore, the Company's average cost of interest bearing deposits increased to 0.62% in the reported quarter from 0.33% in the last year's comparable period.

Umpqua Holdings reported a return on average assets of 1.04% in Q2 FY18 versus 0.92% in the year ago corresponding quarter. The Company's return on average common equity stood at 6.74% in Q2 FY18 compared to 5.76% in Q2 FY17. Additionally, the bank's tangible return on common equity came in at 12.27% in Q2 FY18 compared to 10.67% in Q2 FY17.

As on June 30, 2018, the Company's total risk-based capital ratio stood at 13.7%, with an estimated Tier 1 common to risk weighted assets ratio of 10.8%. The Company's tangible book value per share came in at $10.02 as on June 30, 2018, up from $9.71 as on June 30, 2017. Moreover, the bank's efficiency ratio stood at 62.53% as on June 30, 2018, compared to 62.45% as on June 30, 2017.

For the reported quarter, Umpqua Holdings' non-performing assets totaled $90.08 million versus $58.62 million in the year earlier same quarter. The Company's non-performing assets to total assets ratio also increased to 0.34% in Q2 FY18 compared to 0.23% in Q2 FY17. Furthermore, the Company's total net charge-offs were $10.70 million in Q2 FY18 compared to $10.08 million in Q2 FY17.

Stock Performance Snapshot

July 23, 2018 - At Monday's closing bell, Umpqua's stock advanced 2.34%, ending the trading session at $22.72.

Volume traded for the day: 2.24 million shares, which was above the 3-month average volume of 2.21 million shares.

Stock performance in the previous six-month period - up 1.93%; past twelve-month period - up 20.79%; and year-to-date - up 9.23%

After yesterday's close, Umpqua's market cap was at $5.24 billion.

Price to Earnings (P/E) ratio was at 19.17.

The stock has a dividend yield of 3.52%.

The stock is part of the Financial sector, categorized under the Regional - Pacific Banks industry. This sector was up 0.7% at the end of the session.

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