Umpqua Holdings Corp. Q2 Profit Rises

(RTTNews) - Umpqua Holdings Corp. (UMPQ) released earnings for its second quarter that rose from the same period last year.

The company's profit came in at $116.3 million, or $0.53 per share. This compares with $53 million, or $0.24 per share, in last year's second quarter.

Analysts had expected the company to earn $0.44 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.1% to $229.8 million from $212.5 million last year.

Umpqua Holdings Corp. earnings at a glance:

-Earnings (Q2): $116.3 Mln. vs. $53 Mln. last year. -EPS (Q2): $0.53 vs. $0.24 last year. -Analysts Estimate: $0.44 -Revenue (Q2): $229.8 Mln vs. $212.5 Mln last year.