Umpqua: Q2 Earnings Snapshot

July 20, 2022 GMT

PORTLAND, Ore. (AP) _ Umpqua Holdings Corp. (UMPQ) on Wednesday reported second-quarter earnings of $78.6 million.

The bank, based in Portland, Oregon, said it had earnings of 36 cents per share. Earnings, adjusted for non-recurring costs, were 37 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share.

The regional bank posted revenue of $311.5 million in the period. Its revenue net of interest expense was $303.4 million, beating Street forecasts. Three analysts surveyed by Zacks expected $295.6 million.


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