Umpqua Holdings Corporation UMPQ Income Statement

Umpqua holdings corporation (UMPQ)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
INTEREST INCOME
Interest and fees on loans and leases
1,051,077	972,114	871,318	843,591	869,433	763,803	398,214	386,812	319,702	336,320	355,195
Interest and fees on covered loans and leases
-	-	-	-	-	-	-	-	86,011	73,812	-
Interest and dividends on investment securities:
Taxable
56,150	76,014	57,987	46,427	47,842	45,784	34,146	59,078	85,785	67,388	60,195
Exempt from federal income tax
7,400	8,368	8,725	8,828	9,647	10,345	8,898	9,184	8,653	8,839	7,794
Dividends
2,269	1,988	1,491	1,399	708	325	252	83	12	14	22
Interest on temporary investments and interest bearing deposits
14,180	8,665	4,380	3,918	2,236	2,264	1,336	928	1,590	2,223	526
Total interest income
1,131,076	1,067,149	943,901	904,163	929,866	822,521	442,846	456,085	501,753	488,596	423,732
INTEREST EXPENSE
Interest on deposits
167,941	92,685	45,582	35,240	29,839	23,815	20,755	31,133	55,743	76,241	88,742
Interest on securities sold under agreement to repurchase and federal funds purchased
2,092	506	475	132	173	346	141	288	539	517	680
Interest on borrowings
17,564	13,604	14,159	15,005	14,470	12,793	9,248	9,279	9,255	9,229	4,576
Interest on junior subordinated debentures
22,845	21,715	18,000	15,674	13,750	11,739	7,737	8,149	7,764	7,825	9,026
Total interest expense
210,442	128,510	78,216	66,051	58,232	48,693	37,881	48,849	73,301	93,812	103,024
Net interest income
920,634	938,639	865,685	838,112	871,634	773,828	404,965	407,236	428,452	394,784	320,708
PROVISION FOR CREDIT LOSSES
72,515	55,905	47,254	41,674	36,589	40,241	10,716	29,201	46,220	113,668	209,124
RECAPTURE OF PROVISION FOR COVERED LOAN LOSSES
-	-	-	-	-	-	-	-	16,141	5,151	-
Net interest income after provision for credit losses
848,119	882,734	818,431	796,438	835,045	733,587	394,249	378,035	366,091	275,965	111,584
NON-INTEREST INCOME
Service charges on deposits
-	-	-	-	59,740	54,700	30,952	28,299	33,096	34,874	32,957
Brokerage revenue
-	-	-	-	18,481	18,133	14,736	12,967	12,787	11,661	7,597
Residential mortgage banking revenue, net
101,810	118,235	136,276	157,863	124,722	77,265	78,885	84,216	26,550	21,214	18,688
Loss on sale of debt securities, net
-7,184	14	27	858	-	-	-	-	-	-	-
Gain on equity securities, net
83,475	-1,484	0	0	-	-	-	-	-	-	-
Gain on sale of investment securities, net
-	-	-	-	-	-	-	-	-	2,326	8,896
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	93	12,556
Portion of other-than-temporary impairment losses transferred from other comprehensive income
-	-	-	-	-	-	-	-	-	-321	1,983
Gain on sale of investment securities, net
-	-	-	-	2,922	2,904	209	3,868	7,376	1,912	-
Gain on loan and lease sales, net
10,467	7,834	18,012	15,144	22,380	15,113	2,744	0	-	-	-1,677
Loss on junior subordinated debentures carried at fair value
0	0	-14,700	-6,323	-6,306	-5,090	-2,197	-2,203	-2,197	4,980	6,482
Bargain purchase gain on acquisition
-	-	-	-	-	-	-	-	-	6,437	-
Change in FDIC indemnification asset
-	-	-	-	-	-15,151	-25,549	-15,234	-6,168	-16,445	-
BOLI income
8,406	8,297	8,214	8,514	8,351	6,835	3,035	2,708	-	-	-
Other income
-	-	-	-	45,434	26,465	20,080	22,208	12,674	11,271	9,469
Total non-interest income
339,824	279,417	278,487	301,728	275,724	181,174	122,895	136,829	84,118	75,904	73,516
NON-INTEREST EXPENSE
Salaries and employee benefits
420,373	425,575	438,180	424,830	430,936	355,379	209,991	200,946	179,480	162,875	126,850
Occupancy and equipment, net
144,236	148,724	150,545	151,944	142,975	111,263	62,067	55,081	51,284	45,940	39,673
Communications
14,583	17,233	18,932	21,265	20,615	14,728	11,974	11,573	11,214	10,464	7,671
Marketing
13,255	11,313	8,918	10,913	11,419	9,504	6,062	5,064	6,138	6,225	4,529
Services
54,111	62,730	45,302	42,795	46,379	49,086	25,483	25,823	24,170	22,576	21,918
Supplies
-	-	-	-	-	-	-	-	2,824	3,998	3,257
FDIC assessments
11,233	16,094	15,014	15,508	13,480	10,998	6,954	7,308	10,768	15,095	15,825
Loss (gain) on other real estate owned, net
-3,863	-867	557	279	-1,894	-4,116	-1,248	-12,655	-10,690	-8,097	-23,204
Net loss on covered other real estate owned
-	-	-	-	-	-	-	-	-7,481	2,172	-
Intangible amortization
5,618	6,166	6,756	8,622	11,225	10,207	4,781	4,816	4,948	5,389	6,165
Merger related expenses
0	0	9,324	15,313	45,582	82,317	8,836	2,338	360	6,675	273
Goodwill impairment
-	-	0	142	0	0	-	-	-	-	111,952
Other expenses
51,768	50,763	55,461	46,102	39,137	36,465	27,265	34,048	29,614	32,576	18,086
Total non-interest expense
719,040	739,465	747,875	737,155	763,642	684,063	364,661	359,652	338,971	317,738	379,403
(Loss) income before provision for income taxes
468,903	422,686	349,043	361,011	347,127	230,698	152,483	155,212	111,238	34,131	-194,303
Provision for income taxes
114,808	106,423	106,730	130,943	124,588	83,040	54,192	53,321	36,742	5,805	-40,937
Net (loss) income
354,095	316,263	242,313	230,068	222,539	147,658	98,291	101,891	74,496	28,326	-153,366
Dividends and undistributed earnings allocated to participating securities
-	-	55	123	357	484	788	-	-	-	-
Preferred stock dividends
-	-	-	-	-	-	-	-	-	12,192	12,866
Net earnings available to common shareholders
-	-	-	-	-	-	-	682	356	67	30
Net earnings available to common shareholders
-	-	242,258	229,945	222,182	147,174	97,503	101,209	74,140	16,067	-166,262
(Loss) earnings per common share:
Basic (in dollars per share)
1.61	1.44	1.10	1.04	1.01	0.79	0.87	0.90	0.65	0.15	-2.36
Diluted (in dollars per share)
1.60	1.43	1.10	1.04	1.01	0.78	0.87	0.90	0.65	0.15	-2.36
Weighted average number of common shares outstanding:
Basic (in shares)
220,339	220,280	220,251	220,282	220,327	186,550	111,938	111,935	114,220	107,922	70,399
Diluted (in shares)
220,650	220,737	220,836	220,908	221,045	187,544	112,176	112,151	114,409	108,153	70,399
Service charges on deposits
Revenue from contract with customer
64,514	62,124	61,469	61,268	-	-	-	-	-	-	-
Brokerage revenue
Revenue from contract with customer
15,900	16,500	16,083	17,033	-	-	-	-	-	-	-
Other (expense) income
Revenue from contract with customer
62,459	67,917	53,133	47,371	-	-	-	-	-	-	-