RTTNews | Jan 19, 2022 04:28PM EST

16:27 Wednesday, January 19, 2022 (RTTNews.com) - Umpqua Holdings Corp. (UMPQ) announced a profit for fourth quarter that decreased from last year and missed the Street estimates.

The company's earnings totaled $88.3 million, or $0.41 per share. This compares with $150.7 million, or $0.68 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.7% to $233.3 million from $235.0 million last year.

Umpqua Holdings Corp. earnings at a glance (GAAP) :

-Earnings (Q4): $88.3 Mln. vs. $150.7 Mln. last year.-EPS (Q4): $0.41 vs. $0.68 last year.-Analyst Estimates: $0.43-Revenue (Q4): $233.3 Mln vs. $235.0 Mln last year.

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