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Business Broker Blog


Jul
20th
Umpqua tops quarterly earnings estimates, comes up short of revenue mark

The parent of the state's biggest bank on Wednesday reported quarterly earnings slightly ahead of Wall Street estimates and top-line revenue just below expectations.

Portland-based Umpqua Holdings Corp., the parent of Umpqua Bank, reported operating earnings of $69.2 million, or $0.31 per share, ahead of the $0.29 expected by analysts.

CEO Ray Davis called it a solid performance.

"Despite the continuing low interest rate environment, Umpqua's financial performance for the second quarter was solid;?

Added on 07/20/2016

by Business Broker Blog


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