Umpqua Holdings Corporation UMPQ Income Statement

Umpqua holdings corporation (UMPQ)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
INTEREST INCOME
Interest and fees on loans and leases
245,993	262,109	266,111	264,110	258,747	254,093	246,410	242,123	229,488	225,592	226,068	213,662	205,996	203,336	212,037	210,290	217,928	219,440	218,975	217,143	213,875	226,853	223,972	208,992	103,986	147,529	93,706	78,434	78,545	153,426	78,090	77,637	77,659	80,607	81,041	79,321	78,733	35,720	112,652	97,240	90,708
Interest and fees on covered loans and leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,837	14,750	14,580	-	20,325	16,935	17,343	21,288	20,950	22,226	21,547	-	-	-	-
Interest and dividends on investment securities:
Taxable
16,605	13,361	12,546	10,287	19,956	27,381	24,435	8,499	15,699	14,857	13,979	15,220	13,931	10,630	10,779	11,963	13,055	12,654	11,882	11,517	11,789	11,629	12,136	12,728	9,291	9,517	7,882	8,103	8,644	11,366	13,057	16,535	18,120	17,462	21,932	24,348	22,043	18,323	17,421	15,569	16,075
Exempt from federal income tax
1,562	1,638	1,727	1,921	2,114	2,135	2,048	2,057	2,128	2,121	2,125	2,237	2,242	2,229	2,181	2,183	2,235	2,363	2,393	2,410	2,481	2,746	2,790	2,697	2,112	2,173	2,200	2,237	2,288	2,314	2,302	2,291	2,277	2,174	2,136	2,178	2,165	2,184	2,221	2,247	2,187
Dividends
678	579	599	574	517	538	549	433	468	386	357	360	388	336	332	365	366	326	112	169	101	66	81	128	50	87	51	90	24	46	3	28	6	3	2	4	3	-	6	3	-
Interest on temporary investments and interest bearing deposits
3,331	4,343	4,204	4,708	925	2,621	2,800	2,080	1,164	1,565	934	324	1,557	1,696	1,090	652	480	422	440	549	825	857	544	422	441	399	284	401	252	192	331	168	237	383	466	340	401	633	646	545	399
Total interest income
268,169	282,030	285,187	281,600	282,259	286,768	276,242	255,192	248,947	244,521	243,463	231,803	224,114	218,227	226,419	225,453	234,064	235,205	233,802	231,788	229,071	242,151	239,523	224,967	115,880	118,538	115,960	104,015	104,333	112,741	114,108	113,594	115,642	121,917	126,527	128,417	124,892	130,677	132,946	115,604	109,369
INTEREST EXPENSE
Interest on deposits
40,290	44,380	45,876	43,591	34,094	30,124	25,692	21,259	15,610	13,241	12,052	10,641	9,648	9,288	8,999	8,540	8,413	7,905	7,450	7,381	7,103	7,119	6,773	6,075	3,848	4,168	4,845	5,864	5,878	6,496	7,623	8,169	8,845	10,800	14,579	14,698	15,666	19,076	19,913	18,463	18,789
Interest on securities sold under agreement to repurchase and federal funds purchased
395	431	448	403	810	185	103	155	63	43	81	321	30	32	32	32	36	39	43	43	48	48	54	203	41	42	35	33	31	56	73	79	80	134	152	131	122	135	136	123	123
Interest on borrowings
4,046	5,080	4,238	4,563	3,683	3,326	3,439	3,478	3,361	3,496	3,491	3,662	3,510	3,413	3,558	3,848	4,186	3,885	3,629	3,492	3,464	3,570	3,586	3,364	2,273	2,332	2,338	2,305	2,273	2,335	2,335	2,305	2,304	2,333	2,332	2,301	2,289	2,397	2,533	2,779	1,520
Interest on junior subordinated debentures
4,903	5,325	5,652	5,881	5,987	5,743	5,640	5,400	4,932	4,734	4,628	4,437	4,201	4,174	3,938	3,835	3,727	3,542	3,465	3,406	3,337	3,399	3,394	3,066	1,880	1,922	1,933	1,920	1,962	2,025	2,037	2,029	2,058	1,995	1,930	1,926	1,913	1,954	2,047	1,939	1,885
Total interest expense
49,634	55,216	56,214	54,438	44,574	39,378	34,874	30,292	23,966	21,514	20,252	19,061	17,389	16,907	16,527	16,255	16,362	15,371	14,587	14,322	13,952	14,136	13,807	12,708	8,042	8,464	9,151	10,122	10,144	10,912	12,068	12,582	13,287	15,262	18,993	19,056	19,990	23,562	24,629	23,304	22,317
Net interest income
218,535	226,814	228,973	227,162	237,685	247,390	241,368	224,900	224,981	223,007	223,211	212,742	206,725	201,320	209,892	209,198	217,702	219,834	219,215	217,466	215,119	228,015	225,716	212,259	107,838	110,074	106,809	93,893	94,189	101,829	102,040	101,012	102,355	106,655	107,534	109,361	104,902	107,115	108,317	92,300	87,052
PROVISION FOR CREDIT LOSSES
118,085	16,252	23,227	19,352	13,684	17,219	11,711	13,319	13,656	12,928	11,997	10,657	11,672	13,171	13,091	10,589	4,823	4,545	8,153	11,254	12,637	5,241	14,333	14,696	5,971	-2,273	3,008	2,993	6,988	12,318	7,078	6,638	3,167	6,642	9,089	15,459	15,030	17,567	24,228	29,767	42,106
RECAPTURE OF PROVISION FOR COVERED LOAN LOSSES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,904	-3,072	232	-	2,927	1,406	-31	698	4,420	3,755	7,268	-	667	-	-
Net interest income after provision for credit losses
100,450	210,562	205,746	207,810	224,001	230,171	229,657	211,581	211,325	210,079	211,214	202,085	195,053	188,149	196,801	198,609	212,879	215,289	211,062	206,212	202,482	222,774	211,383	197,563	101,867	107,603	105,705	93,972	86,969	93,813	92,035	92,968	99,219	99,315	94,025	90,147	82,604	85,064	83,422	62,533	44,946
NON-INTEREST INCOME
Service charges on deposits
-	-	-	-	-	-	-	-	-	-	-	15,478	14,729	-	15,762	15,667	14,516	15,039	15,616	14,811	14,274	15,472	16,090	15,371	7,767	8,108	8,374	7,478	6,992	7,321	7,122	7,190	6,666	7,886	8,849	8,540	7,821	8,168	8,756	9,585	8,365
Brokerage revenue
-	-	-	-	-	-	-	-	-	-	-	3,903	4,122	-	4,129	4,580	4,094	4,061	5,003	4,648	4,769	4,960	4,882	4,566	3,725	3,584	3,854	3,662	3,636	3,305	3,186	3,532	2,944	3,019	3,115	3,276	3,377	3,274	2,609	3,139	2,639
Residential mortgage banking revenue, net
17,540	34,050	47,000	9,529	11,231	15,150	31,484	33,163	38,438	42,118	33,430	33,894	26,834	58,448	47,206	36,783	15,426	32,440	24,041	40,014	28,227	16,489	25,996	24,341	10,439	15,957	15,071	24,289	23,568	31,147	24,346	15,641	13,082	9,384	7,084	4,807	5,275	7,389	7,138	3,209	3,478
Loss on sale of debt securities, net
-133	2	0	-7,186	0	-	0	14	-	-	-6	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on equity securities, net
814	-84	257	82,607	695	410	-462	-1,432	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of investment securities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,813	5,678	-25	327	2,287	0	-288
Total other-than-temporary impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110	-	135	-37	0	-5
Portion of other-than-temporary impairment losses transferred from other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	63	-25	-30	-7	0	-284
Gain on sale of investment securities, net
-	-	-	-	-	-	-	-	-	-	-	35	-2	-	0	162	696	2,567	220	19	116	1,026	902	976	0	191	3	8	7	2,669	21	1,030	148	-	1,813	5,631	-	-420	2,331	0	1
Gain on loan and lease sales, net
1,167	4,603	1,762	3,333	769	2,484	2,772	1,348	1,230	3,688	9,260	3,310	1,754	5,848	1,285	5,640	2,371	1,729	5,212	8,711	6,728	5,730	8,309	557	517	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on junior subordinated debentures carried at fair value
-	-	-	-	-	-	-	-	-	-9,973	-1,600	-1,572	-1,555	-1,589	-1,590	-1,572	-1,572	-1,561	-1,590	-1,600	-1,555	-1,589	-1,590	-1,369	-542	-554	-554	-547	-542	-554	-554	-547	-548	-554	-554	-547	-542	-554	-554	0	6,088
Bargain purchase gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,437
Change in FDIC indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,982	-2,728	-5,601	-4,840	-5,708	-6,474	-8,294	-5,073	-4,590	-4,759	-4,040	-1,845	-5,133	1,611	-5,551	2,905	-5,370	-11,948	263	610
BOLI income
2,129	2,078	2,067	2,093	2,168	2,116	2,051	2,060	2,070	2,015	2,041	2,089	2,069	2,107	2,116	2,152	2,139	1,841	2,165	2,043	2,302	1,971	2,161	1,967	736	-	763	910	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income
-	-	-	-	-	-	-	-	-	-	-	13,982	12,274	-	11,802	11,247	8,281	13,257	10,705	12,428	9,044	8,228	8,143	4,658	5,436	2,555	5,107	6,991	5,427	4,981	4,317	6,120	6,790	3,569	2,860	3,471	2,774	2,341	3,845	2,367	2,718
Total non-interest income
40,645	83,749	88,512	121,823	45,740	56,811	72,388	71,651	78,567	70,450	76,693	71,119	60,225	100,408	80,710	74,659	45,951	69,345	61,372	81,102	63,905	50,305	62,165	45,466	23,238	28,239	26,144	34,497	34,015	46,987	33,679	28,926	27,237	18,128	24,778	19,627	21,585	15,161	12,133	18,563	30,047
NON-INTEREST EXPENSE
Salaries and employee benefits
109,774	108,847	106,819	104,049	100,658	102,109	103,575	113,340	106,551	114,414	108,732	108,561	106,473	105,406	105,341	107,545	106,538	106,203	106,482	110,807	107,444	104,037	102,564	95,560	53,218	52,720	53,699	52,067	51,505	54,331	49,543	49,979	47,093	46,039	45,023	43,808	44,610	44,067	42,964	39,604	36,240
Occupancy and equipment, net
37,001	36,513	35,446	36,032	36,245	35,949	36,530	37,584	38,661	37,269	37,648	36,955	38,673	37,618	38,181	37,850	38,295	38,722	37,235	34,868	32,150	32,987	33,029	28,746	16,501	16,254	16,019	15,059	14,735	14,562	13,441	13,580	13,498	13,417	12,803	12,547	12,517	12,344	11,448	11,472	10,676
Communications
3,128	2,840	3,617	3,906	4,220	4,188	4,165	4,447	4,433	4,420	4,549	4,859	5,104	5,298	5,107	5,296	5,564	5,484	4,443	5,894	4,794	3,728	3,932	4,166	2,902	3,172	2,772	2,827	3,203	3,046	2,740	2,845	2,942	2,817	2,791	2,796	2,810	3,164	2,480	2,596	2,224
Marketing
2,530	2,413	3,804	4,312	2,726	2,456	3,969	3,088	1,800	2,861	1,950	2,374	1,733	2,935	2,124	3,004	2,850	3,499	2,846	2,038	3,036	4,603	2,739	1,157	1,005	2,309	1,596	1,296	861	1,209	1,104	1,761	990	1,482	2,007	1,798	851	1,034	2,468	1,714	1,009
Services
10,770	13,348	15,326	13,227	12,210	16,248	14,794	16,627	15,061	13,033	9,578	11,386	11,305	10,612	9,983	11,529	10,671	10,998	10,389	10,866	14,126	16,075	14,619	12,402	5,990	7,144	6,445	6,001	5,893	7,120	5,910	6,631	6,162	6,173	6,089	6,026	5,882	6,323	5,507	5,831	4,915
Supplies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	718	-	627	644	665	514	686	843	781	1,092	1,177	1,003	726
FDIC assessments
2,542	2,867	2,587	2,837	2,942	2,619	4,303	4,692	4,480	2,075	4,405	4,447	4,087	3,985	4,109	3,693	3,721	3,742	3,369	3,155	3,214	3,522	3,038	2,575	1,863	1,922	1,709	1,672	1,651	1,755	1,699	1,886	1,968	2,207	1,867	2,821	3,873	4,186	3,910	3,555	3,444
Loss (gain) on other real estate owned, net
-	-	-1,188	-2,678	-	-1,125	128	92	38	83	99	457	-82	197	14	1,457	-1,389	242	158	-480	-1,814	-3,609	-313	-258	64	-1,551	27	146	130	-6,411	-2,168	-889	-3,187	-1,724	-2,289	-3,844	-2,833	-6,075	-663	952	-2,311
Net loss on covered other real estate owned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	68	62	-284	-	-461	-169	-2,454	-1,702	-4,755	-73	-951	-	980	-	-
Intangible amortization
1,247	1,404	1,405	1,405	1,404	1,542	1,541	1,542	1,541	1,689	1,689	1,689	1,689	1,867	1,867	2,328	2,560	2,806	2,806	2,807	2,806	3,102	3,103	2,808	1,194	1,186	1,186	1,205	1,204	1,204	1,189	1,211	1,212	1,224	1,222	1,251	1,251	1,357	1,356	1,368	1,308
Merger related expenses
-	-	-	-	-	-	-	-	-	0	6,664	1,640	1,020	3,218	2,011	6,634	3,450	3,712	5,991	21,797	14,082	10,171	8,632	57,531	5,983	1,639	4,856	810	1,531	2,000	85	153	100	57	51	71	181	957	1,643	2,169	1,906
Goodwill impairment
1,784,936	-	-	-	0	-	-	-	-	-	-	-	-	0	0	0	142	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other expenses
10,730	15,214	13,398	11,969	11,187	12,252	10,543	14,344	13,624	17,108	13,238	12,567	12,548	12,726	12,478	12,089	8,809	10,987	9,791	9,206	9,153	9,022	10,589	8,928	7,926	8,339	7,417	7,202	4,307	11,428	8,007	7,188	7,425	7,983	6,641	7,329	7,661	8,457	12,534	6,473	5,112
Total non-interest expense
1,962,658	183,443	183,590	180,415	171,592	178,488	179,292	195,572	186,113	192,786	188,354	184,021	182,714	183,468	181,187	188,511	183,989	185,911	183,194	201,918	192,619	190,856	182,558	214,131	96,518	95,364	95,604	87,931	85,762	98,046	86,974	86,936	87,696	85,339	86,224	83,207	84,201	87,864	85,170	74,833	69,871
(Loss) income before provision for income taxes
-1,821,563	110,868	110,668	149,218	98,149	108,494	122,753	87,660	103,779	87,743	99,553	89,183	72,564	105,089	96,324	84,757	74,841	98,723	89,240	85,396	73,768	82,223	90,990	28,898	28,587	40,478	36,245	40,538	35,222	42,754	38,740	34,958	38,760	32,104	32,579	26,567	19,988	12,361	10,385	6,263	5,122
Provision for income taxes
30,384	27,118	26,166	37,408	24,116	28,183	31,772	21,661	24,807	12,459	35,746	31,964	26,561	38,686	34,515	30,470	27,272	35,704	31,633	30,612	26,639	29,641	32,107	11,356	9,936	15,278	12,768	14,285	11,861	14,796	13,587	11,681	13,257	10,722	10,717	8,782	6,521	4,203	2,194	2,800	-3,392
Net (loss) income
-1,851,947	83,750	84,502	111,810	74,033	80,311	90,981	65,999	78,972	75,284	63,807	57,219	46,003	66,403	61,809	54,287	47,569	63,019	57,607	54,784	47,129	52,582	58,883	17,542	18,651	25,200	23,477	26,253	23,361	27,958	25,153	23,277	25,503	21,382	21,862	17,785	13,467	8,158	8,191	3,463	8,514
Dividends and undistributed earnings allocated to participating securities
-	-	-	-	-	-	-	-	-	15	14	14	12	31	31	32	29	96	84	93	84	146	142	83	113	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15
Net earnings available to common shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	196	197	183	183	170	162	167	103	105	86	62	-	18	16	-
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,192
Net earnings available to common shareholders
-	-	-	-	-	-	-	-	-	75,269	63,793	57,205	45,991	66,372	61,778	54,255	47,540	62,923	57,523	54,691	47,045	52,436	58,741	17,459	18,538	24,988	23,281	26,056	23,178	27,775	24,983	23,115	25,336	21,279	21,757	17,699	13,405	8,140	8,173	3,447	-3,693
(Loss) earnings per common share:
Basic (in dollars per share)
-8.41	0.38	0.38	0.51	0.34	0.37	0.41	0.30	0.36	0.34	0.29	0.26	0.21	0.29	0.28	0.25	0.22	0.29	0.26	0.25	0.21	0.26	0.27	0.09	0.17	0.22	0.21	0.23	0.21	0.24	0.22	0.21	0.23	0.19	0.19	0.15	0.12	0.09	0.07	0.03	-0.04
Diluted (in dollars per share)
-8.41	0.37	0.38	0.51	0.34	0.36	0.41	0.30	0.36	0.34	0.29	0.26	0.21	0.29	0.28	0.25	0.22	0.29	0.26	0.25	0.21	0.26	0.27	0.09	0.16	0.22	0.21	0.23	0.21	0.24	0.22	0.21	0.23	0.19	0.19	0.15	0.12	0.09	0.07	0.03	-0.04
Weighted average number of common shares outstanding:
Basic (in shares)
220,216	220,218	220,285	220,487	220,366	220,243	220,224	220,283	220,370	220,192	220,215	220,310	220,287	220,189	220,291	220,421	220,227	220,199	220,297	220,463	220,349	220,473	217,245	196,312	112,170	111,949	111,912	111,954	111,937	111,955	111,899	111,897	111,989	113,154	114,540	114,611	114,575	114,849	114,528	110,135	92,176
Diluted (in shares)
220,216	220,643	220,583	220,719	220,655	220,856	220,620	220,647	220,825	221,057	220,755	220,753	220,779	220,922	220,751	220,907	221,052	221,075	220,904	221,150	221,051	221,230	218,941	197,638	112,367	112,246	112,195	112,145	112,118	112,215	112,151	112,078	112,160	113,414	114,691	114,785	114,746	110,943	114,760	114,733	92,176
Service charges on deposits
Revenue from contract with customer
15,638	16,656	16,627	15,953	15,278	16,035	15,574	15,520	14,995	-	15,849	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Brokerage revenue
Revenue from contract with customer
4,015	4,050	4,060	3,980	3,810	4,198	3,947	4,161	4,194	-	3,832	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other (expense) income
Revenue from contract with customer
-525	22,417	16,739	11,514	11,789	16,438	17,022	16,817	17,640	-	13,877	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-