Umpqua Holdings Corporation announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported net earnings available to common shareholders of $27.8 million, or $0.25 per diluted common share, compared to net earnings available to common shareholders of $25.0 million, or $0.22 per diluted common share for the third quarter of 2012, and $21.3 million, or $0.19 per diluted common share, for the same period in the prior year. Operating earnings were $29.3 million, or $0.26 per diluted common share for the fourth quarter of 2012, compared to operating earnings of $25.4 million, or $0.23 per diluted common share for the third quarter of 2012, and $21.6 million, or $0.19 per diluted common share, for the same period in the prior year. Net interest income was $101,829,000 against $106,655,000 a year ago. Income before provision for income taxes was $42,754,000 against $32,104,000 a year ago. Return on average assets was 0.95% against 0.73% a year ago. Return on average tangible assets was 1.01% against 0.77% a year ago. Return on average common equity was 6.42% against 5.03% a year ago. Return on average tangible common equity was 10.61% against 8.43% a year ago. On non-GAAP basis, return on average assets was 1.00% against 0.74% a year ago. Return on average tangible assets was 1.06% against 0.79% a year ago. Return on average common equity was 6.77% against 5.11% a year ago. Return on average tangible common equity was 11.19% against 8.57% a year ago.

For the full year 2012, the company reported net earnings available to common shareholders of $101.2 million, or $0.90 per diluted common share, compared to net earnings available to common shareholders of $74.1 million, or $0.65 per diluted common share for the prior year. For the full year 2012, the Company is reporting operating earnings of $103.9 million, or $0.93 per diluted common share, compared to operating earnings of $75.7 million, or $0.66 per diluted common share for the prior year. Return on average assets was 0.90% against 0.64% a year ago. Return on average tangible assets was 0.94% against 0.68% a year ago. Return on average common equity was 5.95% against 4.43% a year ago. Return on average tangible common equity was 9.87% against 7.47% a year ago. On non-GAAP basis, return on average assets was 0.90% against 0.65% a year ago. Return on average tangible assets was 0.96% against 0.69% a year ago. Return on average common equity was 6.11% against 4.53% a year ago. Return on average tangible common equity was 10.14% against 7.63% a year ago. As of December 31, 2012, book value per common share was $15.41, tangible book value per common share was $9.28,

The company announced net charge offs for the fourth quarter ended December 31, 2012. For the quarter, the company reported net charge-offs of $4,281,000 against $6,606,000 a year ago.