Welcome to our dedicated page for Umpqua Hldgs news (Ticker: UMPQ), a resource for investors and traders seeking the latest updates and insights on Umpqua Hldgs stock.
The UMPQ news page on Stock Titan provides an archive of news releases and corporate announcements related to Umpqua Holdings Corporation and its principal subsidiary, Umpqua Bank. These items document Umpqua’s activities as a regional banking organization in the finance and savings institutions sector, as well as its combination with Columbia Banking System, Inc.
Historical news coverage includes quarterly and full‑year financial results for Umpqua Holdings Corporation, where the company reported net income, loan and deposit growth, net interest margin, credit quality metrics, and capital ratios. These releases also describe the performance of its Core Banking and Mortgage Banking segments and provide context on balance sheet trends and earnings drivers.
Other news items highlight corporate actions such as cash dividend declarations, earnings conference call announcements, and details of the merger with Columbia Banking System. A joint release dated January 9, 2023, for example, outlines the receipt of FDIC approval, the expected closing timeline, and the post‑closing structure of the combined company, which trades under the COLB ticker on Nasdaq.
Umpqua Bank–specific news also covers business initiatives and community programs, including expansion of middle market banking teams in markets like Phoenix, Arizona, and a crowdfunding partnership with Kiva that deployed microloans to BIPOC and women entrepreneurs in several western states. Additional releases describe Umpqua Bank’s annual Business Barometer survey of small and middle market businesses across the United States, focusing on topics such as economic outlook, tariffs, generative AI adoption, and cybersecurity.
Investors and researchers can use this news archive to review how Umpqua communicated its financial performance, strategic moves, regional expansion, and eventual combination with Columbia Banking System over time.
Umpqua Holdings Corporation announced its fourth quarter 2022 results, reporting a net income of $83 million or $0.38 per common share. The operating net income was $99 million, translating to $0.46 per share. Loan balances rose by $648 million (2.5%), while deposits increased by $249 million (0.9%). The net interest margin improved by 13 basis points to 4.01%. Non-interest income grew by $5.4 million, but non-interest expense increased by $17 million primarily due to merger-related costs. The company anticipates closing its merger with Columbia Banking on February 28, 2023.
Umpqua Holdings Corporation (Nasdaq: UMPQ) announced a quarterly cash dividend of $0.21 per common share, payable on February 6, 2023, to shareholders of record by January 23, 2023. Additionally, the company plans to hold its fourth quarter 2022 earnings conference call on January 24, 2023, at 10:00 a.m. PT. Financial results for the fourth quarter are expected to be released after market close on January 23, 2023. This dividend reflects Umpqua's ongoing commitment to returning value to shareholders.
Columbia Banking System (NASDAQ: COLB) and Umpqua Holdings Corporation (NASDAQ: UMPQ) have received final FDIC approval for their merger, marking a significant step in their combination. The merger, expected to complete by the end of February 2023, will create one of the largest banks in the West with over $50 billion in assets and a presence in eight states. All necessary shareholder approvals were secured on January 26, 2022. After the merger, the new entity will operate under Columbia's name while maintaining Umpqua's banking brand.
Columbia Banking System and Umpqua Holdings Corporation have received FDIC approval for their merger, marking a significant milestone. This approval was the last necessary regulatory clearance, paving the way for the merger's completion by the end of February 2023. The combined entity will manage over $50 billion in assets, enhancing its presence across eight western states. Both companies have secured all required shareholder approvals. Columbia will operate under its name, while Umpqua Bank will retain its branding. The merger aims to unlock value for customers and shareholders alike.
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Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), has successfully deployed $1 million in microloans to support nearly 200 BIPOC and women entrepreneurs across Oregon, Washington, California, and Idaho through its partnership with Kiva. This initiative, part of the Small Business Empowerment Program, was launched in April and aims to address funding gaps for underserved small business owners. The fund's structure allows it to replenish as loans are repaid, further extending its impact.
Umpqua Holdings Corporation reported strong third-quarter 2022 results, with net income of $84 million ($0.39 per share) and operating net income of $103 million ($0.47 per share). Loan balances rose $1.1 billion (4.4%), and deposit balances increased $685 million (2.6%). The net interest margin improved by 47 basis points to 3.88%. However, non-interest income decreased by $26 million, primarily due to fair value accounting impacts. The company's estimated total risk-based capital ratio stood at 13.2%, remaining above regulatory minimums.
Umpqua Holdings Corporation (NASDAQ: UMPQ) has declared a quarterly cash dividend of $0.21 per common share. This dividend is scheduled to be paid on October 28, 2022, to shareholders on record as of October 14, 2022. This announcement reflects the company's commitment to returning value to its shareholders amidst its ongoing operations across various states including Oregon, Washington, California, Idaho, and Nevada.
Umpqua Holdings Corporation (NASDAQ: UMPQ) announced its third quarter 2022 earnings conference call scheduled for October 20th, 2022, at 10:00 a.m. PT. The company will discuss its financial results, expected to be released after market close on October 19th. Participants can register for the call to receive dial-in details and a unique PIN or listen via audiocast. Umpqua Bank, headquartered in Portland, Oregon, is recognized for its innovative banking solutions and operates in multiple states.
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