Umpqua Holdings Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013
The company announced full year 2013 net earnings available to common shareholders of $97.6 million or $0.87 per diluted common share, compared to net earnings available to common shareholders of $101.2 million or $0.90 per diluted common share, for 2012. Operating earnings were $105.7 million or $0.94 per diluted common share, for 2013, compared to operating earnings of $103.9 million or $0.93 per diluted common share, for 2012. Net interest income was $405 million against $407.2 million of prior year. Income before provision for income taxes was $151 million against $155.2 million for the last year. Return on average assets and return on average tangible assets were 0.92% and 0.98% against 0.905 and 0.96% of prior year period. Return on average common equity and return on average tangible common equity were 6.11% and 10.60% against 6.11% and 10.14% of prior year period.