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home / news releases / UMPQ - Umpqua Holdings: Profits On The Uptrend


UMPQ - Umpqua Holdings: Profits On The Uptrend

Umpqua Holdings Corporation (NASDAQ: UMPQ) reported earnings of $0.24 per share in the second quarter, as opposed to a loss of $8.41 per share in the first quarter of 2020. The large loss was attributable to goodwill impairment and high provision expense in the first quarter. After declining in the second quarter, the provision expense will likely decline further in the year ahead due to the easing of economic factors. Moreover, accelerated booking of fees from the Paycheck Protection Program will likely lift earnings in the fourth quarter of this year. Additionally, revenue from

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Stock Information

Company Name: Umpqua Holdings Corporation
Stock Symbol: UMPQ
Market: NASDAQ
Website: columbiabank.com

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