Umpqua Holdings Corp. (UMPQ) announced fourth quarter net earnings available to common shareholders of $21.3 million, or $0.19 per share, up from $8.1 million, or $0.07 per share, for the same period in the prior year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.18 per share for the quarter. Analysts' estimates typically exclude special items.
Operating earnings were $21.6 million, or $0.19 per share, compared to $9.0 million, or $0.08 per share, for the same period in the prior year.
Net interest income for the quarter declined to $106.66 million from $107.12 million in the prior year quarter. Total non-interest income was $18.13 million, up from $15.16 million in year ago quarter.
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