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Umpqua posts Q3 net income of $91.0M

Portland, Ore.-based Umpqua Holdings Corp. on Oct. 17 posted third-quarter net income available to common shareholders of $91.0 million, or 41 cents per share, compared to $63.8 million, or 29 cents per share, a year earlier.

The S&P Capital IQ consensus estimate for GAAP EPS for the third quarter was 36 cents.

Total loans, net of deferred fees and costs, stood at $19.85 billion in the third quarter, compared to $19.64 billion in the linked quarter and $18.61 billion in the year-ago quarter.

Total core deposits were $18.01 billion as of Sept. 30, compared to $17.74 billion in the linked quarter and $18.00 billion in the year-ago quarter.