Umpqua Bank reports nearly doubled earnings

Umpqua Holdings reported an 89% increase in profits in the first quarter of this year compared to last year.

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Umpqua Bank parent company Umpqua Holdings reported an 89% increase in profits in the first quarter of this year compared to last year.

The profit for the most recent quarter was $25.5 million, or 23 cents a share, Umpqua said.

Contributing to the profits were record revenues from Umpqua’s home loan division of $13.1 million, on $403 million worth of closed loans, according to the company.

Read more at The Register-Guard.

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