Post-Earnings Research - Umpqua Holdings

LONDON, October 24, 2014 /PRNewswire/ --

Investor-Edge.com has issued free post-earnings research on Umpqua Holdings Corp. (NASDAQ: UMPQ). On October 15, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on http://www.investor-edge.com/FreeReports to read our free earnings review on Umpqua Holdings. During Q3 FY14, Umpqua Holdings Corp.'s operating earnings increased to $65.1 million, reflecting a surge of 145% from the year ago quarter, while operating EPS increased 25% Y-o-Y to $0.30 during the reported quarter. Our free coverage report can be accessed at:

http://www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, Umpqua Holdings Corp. reported net earnings available to common shareholders of $58.85 million, an increase from $23.28 million reported in the year ago quarter. Also, earnings per diluted common share increased to $0.27 for the third quarter of 2014, as compared to $0.21 for the third quarter of 2013. Analysts from Bloomberg had expected the company to report net income of $58.82 million, or $0.27 per diluted share in Q3 FY14. The free research on UMPQ can be downloaded as in PDF format at:

http://www.Investor-Edge.com/UMPQFreeReport

Further, net interest income for Q3 FY14 increased to $225.72 million, from $106.81 million in the year-ago quarter and adjusted net interest margin grew to 4.71% from 4.16% in Q3 FY13. The company's non-interest income broadened to $61.92 in the reported period from $26.14 in the prior-year's third quarter, and total non-interest expense widened to $182.56 million, from $95.60 million in Q3 FY13. The company recorded a provision for income taxes of $31.8 million for Q3 FY14, representing an effective tax rate of 35.0% for the quarter.

The company completed its acquisition of Sterling Financial Corp. (Sterling) on April 18, 2014; hence, the results of operations from Sterling were included in the company's financial results. Umpqua informed that the acquisition was 49% accretive to its Q3 FY14 operating EPS. Sign up and read the free analyst's notes on UMPQ at:

http://www.Investor-Edge.com/UMPQ-24102014

Commenting on the results, Ray Davis, President and CEO of Umpqua Holdings Corp., stated that the company has continued to build on the momentum started earlier this year, reporting strong organic loan and deposit growth, higher top-line revenues, and increased capital and liquidity levels, while making good progress on the integration of Sterling. The company expects to complete the majority of the integration by the end of Q1 FY15, and looks forward to introducing new creative strategies early next year to enhance organic growth and further strengthen the company's unique brand and innovative product delivery systems, he added.

For Q3 FY14, Umpqua Holdings Corp. has not made any open market and privately negotiated purchases of common stock under its share repurchase plan, which was originally announced in August 2003 and extended in April 2013 to expire in June 2015. However, the company stated that it may repurchase up to 12.0 million of additional shares under this plan. The company also declared a dividend of $0.15 per common share during Q3 FY14.

Stock Performance 

On the day following the earnings release, October 16, 2014, Umpqua Holdings Corp.'s stock ended the session at $16.19, up 2.57%. On the last close, Thursday, October 23, 2014, it finished at $16.18, 0.53% above its previous day's closing price, after vacillating between $16.13 and $16.47 during the session. A total of 2.73 million shares were traded, which was above its three months average volume of 1.55 million shares. Over the previous three trading sessions, the company's shares have gained 1.54%. However, the stock has fallen by 2.91% over the last one month and 15.49% since the beginning of 2014. Shares in Umpqua Holdings Corp. are trading below their 50-day and 200-day moving averages of $16.88 and $17.41, respectively. Additionally, the stock traded at a PE ratio of 15.95 and has a Relative Strength Index (RSI) of 44.36. Visit Investor-Edge and access the latest research on UMPQ at:

http://www.Investor-Edge.com/UMPQEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month Umpqua Holdings Corp. has not reported any share transactions by insiders to the U.S. Securities and Exchange Commission (SEC). Complimentary in-depth research on UMPQ is available at:

http://www.Investor-Edge.com/UMPQInsiderTrading

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