Umpqua Holdings Q1 Profit Declines - Quick Facts

(RTTNews) - Umpqua Holdings Corp. (UMPQ), parent company of Umpqua Bank and Umpqua Investments Inc., reported that its first-quarter net earnings available to shareholders decreased to $18.7 million, or $0.17 per share, from $23.2 million, or $0.21 per share in the comparable quarter last year.

Operating earnings were $24.0 million, or $0.21 per share, down from $24.4 million or $0.22 per share in the prior year quarter. On average, eight analysts polled by Thomson Reuters expected the company to report profit per share of $0.23 for the quarter. Analysts' estimates typically exclude special items.

Net interest income increased to $107.84 million, from $94.19 million, prior year. Total non-interest income was $23.0 million, compared to $34.0 million, a year ago. Analysts expected revenue of $134.97 million for the quarter.