Umpqua Holdings Corp. Q1 Profit Drops

(RTTNews) - Umpqua Holdings Corp. (UMPQ) released earnings for first quarter that decreased from the same period last year.

The company's bottom line totaled $74.03 million, or $0.34 per share. This compares with $78.97 million, or $0.36 per share, in last year's first quarter.

Analysts had expected the company to earn $0.37 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Umpqua Holdings Corp. earnings at a glance:

-Earnings (Q1): $74.03 Mln. vs. $78.97 Mln. last year. -EPS (Q1): $0.34 vs. $0.36 last year. -Analysts Estimate: $0.37