Stock Earnings in Review: Umpqua Holdings Corporation (NASDAQ:UMPQ)

Umpqua Holdings Corporation (NASDAQ:UMPQ) reported earnings for the three months ended Mar2016 on April 20, 2016. The company earned $0.22 per share on revenue of $263.65M. Analysts had been modeling earning per share of $0.29 with $286.54M in revenue.

Umpqua Holdings Corporation (UMPQ) reported net earnings available to common shareholders of $47.5 million for the first quarter of 2016, compared to $62.9 million for the fourth quarter of 2015 and $47.0 million for the first quarter of 2015. Earnings per diluted common share were $0.22 for the first quarter of 2016, compared to $0.28 for the fourth quarter of 2015 and $0.21 for the first quarter of 2015.

• Net earnings of $47.5 million, or $0.22 per common share


• Operating earnings1 of $63.9 million, or $0.29 per common share


• 12% annualized loan and lease growth (before sales and transfers) and 10% annualized deposit growth


• Credit quality, capital and liquidity all remained strong

“Umpqua delivered solid financial performance in the first quarter, highlighted by robust growth in both loans and deposits, and reductions in core expenses,” said Ray Davis, president and CEO of Umpqua Holdings Corporation. “Our loan-to-deposit ratio was at 93 percent, as we continue to proactively manage asset concentrations and portfolio mix through diversified loan and lease growth and targeted sales. We continue to make good progress in advancing our technology, innovation, and customer delivery through our new subsidiary, Pivotus Ventures, and look forward to sharing further developments in the near future.”Umpqua Holdings Corporation earnings per share showed an increasing trend of 28.1% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 127%.Analysts project EPS growth over the next 5 years at 5.73%. It has EPS annual growth over the past 5 fiscal years of 46.6% when sales grew 13.7. It reported 2.2% sales growth, and 1.1% EPS growth in the last quarter.

The stock is trading at $15.99, up 20% from 52-week low of $13.46. The stock trades down -12.8% from its peak of $18.92 and 5.63% above the consensus price target of $16.89. Its volume clocked up at 1.34 million shares which is lower than the average volume of 1.7 million shares. Its market capitalization currently stands at $3.51B.