Umpqua Holdings Corp. Reveals 3% Decline In Q1 Bottom Line

(RTTNews) - Umpqua Holdings Corp. (UMPQ) revealed earnings for first quarter that decreased from last year.

The company said its profit declined to $45.99 million, or $0.21 per share. This was down from $47.54 million, or $0.22 per share, in last year's first quarter.

Analysts had expected the company to earn $0.26 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Umpqua Holdings Corp. earnings at a glance:

-Earnings (Q1): $45.99 Mln. vs. $47.54 Mln. last year. -Earnings Decline (Y-o-Y): -3.3% -EPS (Q1): $0.21 vs. $0.22 last year. -EPS Decline (Y-o-Y): -4.5% -Analysts Estimate: $0.26