Umpqua Holdings Corporation (NASDAQ:UMPQ) is reporting second quarter financial results on Wednesday 22nd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, UMPQ is expected to report 2Q20 income of $ 0.16 per share from revenue of $ 298.01 million.
For the full year, analysts anticipate top line of $ 1159.46 million, while looking forward to income of $ 0.62 per share bottom line.
Previous Quarter Performance
Umpqua Holdings Corporation announced income for the first quarter of $ 0.41 per share, from the revenue of $ 259.18 million. The quarterly earnings expanded 20.59 percent while revenues fell 8.56 percent compared with the same quarter last year.
According to street consensus, UMPQ was expected to report 1Q20 income of $ 0.26 per share from revenue of $ 290.97 million. The bottom line results beat street analysts by $ 0.15 or 57.69 percent, at the same time, top line results fell short of analysts by $ 31.79 million or 10.93 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Umpqua Holdings Corporation
Stock Performance
According to the previous trading day, closing price of UMPQ was $ 11.15, representing a 25.56 % increase from the 52 week low of $ 8.88 and a 41.13 % decrease over the 52 week high of $ 18.94.
The company has a market capital of $ 2.46 billion and is part of the Financial Services sector and Banks – Regional – US industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”UMPQ” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Umpqua Holdings Corporation operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. It operates through four segments: Wholesale Bank, Wealth Management, Retail Bank, and Home Lending. The company offers deposit products, including non-interest bearing checking, interest bearing checking and savings, and money market accounts, as well as certificates of deposit.
