Umpqua Holdings Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total interest income of $224.703 million compared to $235.205 million a year ago. Net interest income was $207.796 million compared to $219.834 million a year ago. Income before provision for income taxes was of $109.777 million compared to $98.723 million a year ago. Net earnings available to common shareholders were of $69.242 million or $0.31 per basic and diluted share compared to $62.923 million or $0.28 per diluted share a year ago. Return on average assets was 1.11% compared to 1.08% a year ago. Return on average tangible assets was 1.20% compared to 1.17% a year ago. Return on average common equity was 7.04% compared to 6.49% a year ago. Return on average tangible common equity was 13.19% compared to 12.41% a year ago. Non-GAAP return on average assets was 0.97% compared to 1.10% a year ago. Non-GAAP Return on average tangible assets was 1.05% compared to 1.20% a year ago. Non-GAAP return on average common equity was 6.12% compared to 6.64% a year ago. Non-GAAP return on average tangible common equity was 11.47% compared to 12.70% a year ago.

For the year, the company reported total interest income of $910.639 million compared to $929.866 million a year ago. Net interest income was $844.588 million compared to $871.634 million a year ago. Income before provision for income taxes was of $365.699 million compared to $347.127 million a year ago. Net earnings available to common shareholders were of $232.815 million or $1.05 per diluted share compared to $222.182 million or $1.01 per basic and diluted share a year ago. Return on average assets was 0.97% compared to 0.97% a year ago. Return on average tangible assets was 1.04% compared to 1.06% a year ago. Return on average common equity was 5.97% compared to 5.82% a year ago. Return on average tangible common equity was 11.25% compared to 12.08% a year ago. Non-GAAP return on average assets was 1.09% compared to 1.15% a year ago. Non-GAAP Return on average tangible assets was 1.18% compared to 1.26% a year ago. Non-GAAP return on average common equity was 6.74% compared to 6.91% a year ago. Non-GAAP return on average tangible common equity was 12.70% compared to 14.35% a year ago. Book value per common share was $17.79 compared to $17.48 a year ago. Tangible book value per common share was $9.50 against $9.16 a year ago.

The company reported net charge-offs of $12.879 million for the fourth quarter of 2016 compared to $4.356 million a year ago.