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Shares of Umpqua Holdings (NASDAQ:UMPQ) fell 1.2% in after-market trading after the company reported Q4 results.
Quarterly Results
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Earnings per share were up 78.95% over the past year to $0.68, which beat the estimate of $0.48.
Revenue of $358,867,000 higher by 15.55% from the same period last year, which beat the estimate of $330,500,000.
Looking Ahead
Umpqua Holdings hasn't issued any earnings guidance for the time being.
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Revenue guidance hasn't been issued by the company for now.
Technicals
Company's 52-week high was at $18.94
52-week low: $8.88
Price action over last quarter: Up 25.76%
Company Description
Umpqua Holdings Corp is the parent company of Umpqua Bank, an Oregon-based community bank with operations mostly in the Pacific Northwest region of the United States as well as Nevada. The bank provides a broad range of banking, wealth management, mortgage, and other financial services to corporate, institutional, and individual customers. Its community banking model places a high premium on innovation, specifically on its product delivery system and its service user experience. The company also owns another operating subsidiary, Umpqua Investments, a registered broker-dealer and investment advisor offering a full range of investment products and services, including various securities and planning services as well as insurance. The bank's main source of revenue is net interest income.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.