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 (NASDAQ: UMPQ) will host its Q1 2022 earnings conference call on April 21, 2022, at 10:00 a.m. PT. The call will address the company's recent activities and financial results expected to be released on April 20, 2022. Investors can join by dialing (866) 440-7407 and entering conference ID 9884055. A re-broadcast will be available later. Umpqua Bank, based in Oregon, aims to deliver innovative banking solutions across several states. More details can be found on the company’s investor relations page.
Umpqua Holdings Corporation (NASDAQ: UMPQ) has declared a quarterly cash dividend of $0.21 per common share. This dividend will be paid on February 25, 2022, to shareholders on record as of February 15, 2022. The decision reflects the company's ongoing commitment to returning value to its shareholders. Umpqua is known for its entrepreneurial approach and operates branches in Oregon, Washington, California, Idaho, and Nevada.
Umpqua Bank, part of Umpqua Holdings Corporation (NASDAQ: UMPQ), has launched a Small Business Empowerment Program with a $2 million investment aimed at supporting minority and women entrepreneurs. This program enhances access to capital and expertise by forming multi-year partnerships with several organizations, including Kiva and Centro Community Partners. The initiative intends to dismantle barriers to funding and provide critical resources for underserved communities, thereby promoting economic equality and opportunity. Umpqua's past efforts have already recognized its contributions to equitable lending.
Columbia Banking System (NASDAQ: COLB) and Umpqua Holdings Corporation (NASDAQ: UMPQ) announced on January 26, 2022, that they have secured all necessary shareholder approvals for their proposed merger. This positive support indicates strong confidence in the integration timeline and the anticipated creation of a leading regional bank in the West. The merger is still pending regulatory approvals, with a target completion date set for mid-2022. Both companies are optimistic about the additional value it will generate for shareholders and stakeholders.
On January 26, 2022, Columbia Banking System and Umpqua Holdings Corporation announced the receipt of all necessary shareholder approvals for their proposed merger. The overwhelming support indicates a positive outlook for the transaction, which aims to create a leading regional bank in the West. The companies expect to finalize the merger in mid-2022, pending regulatory approvals. This integration is seen as a significant milestone that will enhance shareholder value and expand opportunities for customers and communities.
Umpqua Holdings Corporation announced its fourth quarter 2021 results, highlighting a net earnings per diluted share of $0.41, despite a decrease in net interest income by $1.7 million due to PPP loan forgiveness impact. Non-PPP loan growth hit a record high of $930 million. Non-interest income increased by $9.0 million, driven by mortgage banking revenue, while expenses rose by $16.0 million due to merger-related costs. The company maintains a total risk-based capital ratio of 14.3% and a low net charge-off rate of 0.13%, ensuring strong credit quality amidst ongoing economic challenges.
Umpqua Holdings Corporation (NASDAQ: UMPQ) will host its fourth quarter 2021 earnings conference call on January 20, 2022, at 10:00 a.m. PT. The financial results will be released after market close on January 19, 2022. Investors can join the call by dialing (866) 440-7407 with the conference ID 3384189. A re-broadcast will be available post-call, and the session can also be streamed via the company's investor relations page.
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Umpqua Bank has announced its expansion into Arizona with the hiring of Kevin Gillette as the head of its new Phoenix middle market banking office. Gillette, an experienced leader in the banking sector, will focus on establishing Umpqua's presence in the region's commercial banking landscape. This strategic move is aimed at enhancing the bank's middle market presence across the Western U.S. and leveraging local market opportunities in key sectors like health care and technology.
Umpqua Holdings Corporation (NASDAQ: UMPQ) has declared a quarterly cash dividend of $0.21 per common share, payable on November 30, 2021. Shareholders of record as of November 19, 2021 will receive the dividend. This decision reflects the company's commitment to returning value to its shareholders while sustaining its operational growth across its banking locations in Oregon, Washington, California, Idaho, and Nevada.