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UMPQUA HOLDINGS CORP

umpquabank.com

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2022 10-K, filed Feb 24, 2023. Its latest SEC filing is a SC 13G/A from Feb 9, 2024.

The sections below describe the company as of the FY2022 annual report.

What Did They Do?

Provides banking, lending, and wealth-management services to businesses, institutions, and individuals.

How Did They Make Money?

Customers pay deposit-account maintenance fees and charges for transactions or overdrafts; Umpqua also earns card-based fees. It records the charges when it provides the related services.

revenue
SegmentShareRevenue
Service charges on deposits
56%
FY2019: 48%
Card-based fees
44%
FY2019: 35%
Brokerage revenue
0.1%
FY2019: 17%

Who Were Their Customers?

Corporate, institutional, and individual customers use a range of banking services through traditional and digital channels, including online banking and mobile apps. Commercial lending targets businesses, while the Private Bank serves high-net-worth individuals and families, select nonprofits, and professional services firms.

Did Revenues Turn Into Profits?

Yes. Its net income in FY2022 was larger than its revenue and turned 1209 cents into free cash flow.

Net income, FY2022
392% of revenue
▼ −20% vs FY2021 ($420.3M, 504%)
Free cash flow, FY2022
1209% of revenue
▲ +60% vs FY2021 ($647.2M, 777%)

How Were They Changing?

Since the FY2022 annual report
  • Mar 1, 2023 Umpqua completed its merger with Columbia and delisted its stock from Nasdaq

Shrank. Revenue fell 92% in 4 years, from $1.1B in FY2018 to $85.8M in FY2022, about 47% a year.

Revenue over time
Service charges on deposits Card-based fees Brokerage revenue Account Service Fees Credit Card and Interchange Income Transaction-based and overdraft service charges Debit/ATM Interchange Fees Merchant Fee Income
$200M$100M$0

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