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 Bank has enhanced its Phoenix middle market banking team with the addition of five bankers to better serve mid-size companies in Arizona. This expansion reflects Umpqua's commitment to growing its presence in the Western U.S., complementing its recent entry into Colorado. Led by market director Kevin Gillette, the new hires bring extensive banking experience across various sectors, aimed at strengthening client relationships and enhancing customer success.
Umpqua Bank has expanded its commercial real estate (CRE) division into Colorado, hiring Todd Grover as senior vice president and market leader. Grover, a prominent figure in Colorado's CRE landscape with over 25 years of experience, is expected to drive growth in the Denver area. His background includes generating over $1 billion in annual loan originations. This strategic move, supported by Umpqua's commitment to enhancing its banking experience across the Mountain West, follows the recent hiring of Shawn Thompson to lead middle market banking in Colorado.
Umpqua Holdings Corporation (NASDAQ: UMPQ) announced a quarterly cash dividend of $0.21 per common share, payable on August 15, 2022, to shareholders of record as of August 1, 2022. The company, headquartered in Portland, Oregon, operates Umpqua Bank and has been recognized for its customer satisfaction and innovative banking strategies. Umpqua has maintained a strong reputation, being acknowledged by national publications and industry studies.
Umpqua Holdings Corporation reported strong second-quarter 2022 results, with net income of $78.6 million ($0.36 per share), driven by a $1.5 billion loan increase (6.3%). Operating net income was $80.3 million ($0.37 per share). However, total deposits fell $567.2 million (2.1%), leading to concerns about deposit contraction. Net interest income rose by $19.4 million due to higher rates, with a net interest margin of 3.41%. The provision for credit losses increased to $18.7 million from $4.8 million. The total risk-based capital ratio was estimated at 13.5%.
Umpqua Holdings Corporation (NASDAQ: UMPQ) plans to host its second quarter 2022 earnings conference call on July 21, 2022, at 10:00 a.m. PT. The earnings report will be released after market close on July 20, 2022. The call will provide insights into recent activities and the company’s financial performance. Participants can register for the call to obtain dial-in details or join via audiocast, with a replay accessible on the investor relations page.
Umpqua Bank has released its 2022 Business Barometer, revealing significant challenges for small and middle-market businesses in the U.S. 73% of small businesses cite inflation as a primary concern, while 90% are affected by rising costs. Additionally, 72% of middle-market companies struggle to find talent. The report indicates a shift toward major operational changes to combat these issues. Notably, 45% of middle-market firms faced cyber-fraud, highlighting cybersecurity needs. Despite diminished economic optimism, the potential for growth remains as businesses adapt to these evolving challenges.
Umpqua Bank has announced the expansion of its middle market banking division into Colorado, appointing Shawn J. Thompson as market director. With over 25 years of experience in the Colorado banking sector, Thompson aims to support mid-size companies in the greater Denver Metro area. This move signifies Umpqua's commitment to enhance its regional presence and is part of a broader strategy to build strong banking teams across the Mountain West. The bank currently manages over $30B in assets across seven Western states, emphasizing its growth potential.
On May 5, 2022, Umpqua Holdings Corporation (NASDAQ: UMPQ) announced a quarterly cash dividend of $0.21 per common share. This dividend is set to be paid on May 27, 2022, to shareholders of record as of May 16, 2022. The announcement reflects the company's ongoing commitment to returning value to its shareholders.
Umpqua Holdings Corporation reported a net income of $91.2 million, or $0.42 per share, for Q1 2022. Non-PPP loan balances saw a substantial rise, increasing by $630.2 million (2.8%). Although total deposits grew by $104.9 million (0.4%), net interest income decreased by $4.6 million due to lower PPP-related income. The net interest margin slightly declined to 3.14%. The provision for credit losses was $4.8 million, maintaining low net charge-offs at 0.10% of average loans. The quarterly cash dividend remained steady at $0.21.
Umpqua Bank has launched a $1 million Managed Loan Fund in partnership with Kiva, offering 0% interest loans up to $15,000 for eligible BIPOC and women entrepreneurs across Oregon, Washington, California, and Idaho. The program features a triple dollar matching incentive for each dollar contributed by community supporters, effectively quadrupling funds raised for small businesses. This initiative aims to enhance access to capital for underserved entrepreneurs, enabling them to secure essential financing for their businesses.