Umpqua Holdings's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of Umpqua Holdings (UMPQ) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: Umpqua Holdings vs Its Competitors
- TTM: Trailing 12-month revenue of 1,186M vs 133,389M combined for its competitors (0.9% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+3.7% annualized vs trailing 12 months), vs decelerating (-17.5%) for its tracked peer group.
- Growth: Umpqua Holdings generated -3.0% revenue growth year over year in Q4 2022, vs 14.1% for its competitors combined.
- Profitability: Its 63.6% net margin compares with 28.5% for the peer group.
- Peer revenue share: Umpqua Holdings accounted for 1.1% of combined revenue among its tracked peer group, down from 1.3% a year earlier.
- Peer differentiation: Revenue per employee of $0.26M compares with $0.57M for the peer group (0.5x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
UMPQ Sales vs. its Competitors, Q4 2022
Umpqua Holdings reported revenue contraction of 2.98 % year on year in Q4 2022, below its competitors' combined revenue growth of 14.07 %.
With a net margin of 63.56 %, Umpqua Holdings achieved higher profitability than its competitors (28.45 %).
Umpqua Holdings generated 1.11 % of the combined sales of its peer group, down from 1.30 % a year earlier.
API endpoints for this dataset
Umpqua Holdings vs. its Competitors, Q4 2022
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in Umpqua Holdings reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across Umpqua Holdings and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| Umpqua Holdings Corporation | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across Umpqua Holdings's competitor groups requires a Commercial License.
For context: the S&Ls Savings Banks industry grew revenue 2,095.1% year over year, combined, vs -3.0% for Umpqua Holdings. Umpqua Holdings's share of combined industry revenue moved from 6.24% to 0.28%, a loss of 5.97 percentage points.
Umpqua Holdings's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| Umpqua Holdings Corporation | Yes | No | No | Yes |
| Competitors combined (32) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
UMPQ Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Brookline Bancorp inc | 282.9% | Outperformed |
| 2 | First Guaranty Bancshares Inc | 282.9% | Outperformed |
| 3 | Broadway Financial Corporation | 282.9% | Outperformed |
| 4 | Kentucky First Federal Bancorp | 282.9% | Outperformed |
| 5 | Home Federal Bancorp Inc Of Louisiana | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for Umpqua Holdings's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
Umpqua Holdings's Comment on Competition and Industry Peers
The geographic markets we serve are highly competitive for deposits, loans, leases and retail brokerage services. We compete with traditional banking institutions, as well as non-bank financial service providers, such as credit unions, brokerage firms and mortgage companies. In our primary market areas of Oregon, Washington, California, Idaho, and Nevada, major banks and large regional banks generally hold dominant market share positions. By virtue of their larger capital bases, these institutions have significantly larger lending limits than we do and generally have more expansive branch networks. Competition also includes other commercial banks that are community-focused.
As the industry becomes increasingly oriented toward technology-driven delivery systems, permitting transactions to be conducted by telephone, computer and the internet, non-bank institutions are able to attract funds and provide lending and other financial services even without offices located in our primary service area. Some insurance companies and brokerage firms compete for deposits by offering rates that are higher than may be appropriate for the Bank in relation to its asset and liability management objectives. However, we offer a wide array of deposit products and believe we can compete effectively through rate-driven product promotions. We also compete with full service investment firms for non-bank financial products and services offered by Umpqua Investments.
Credit unions present a significant competitive challenge for our banking services
and products. As credit unions currently enjoy an exemption from income tax,
they are able to offer higher deposit rates and lower loan rates than banks
can on a comparable basis. Credit unions are also not currently subject to certain
regulatory constraints, such as the Community Reinvestment Act ("CRA"),
which, among other things, requires us to implement procedures to make and monitor
loans throughout the communities we serve. Adhering to such regulatory requirements
raises the costs associated with our lending activities, and reduces potential
operating profits. Accordingly, we seek to compete by focusing on building customer
relationships, providing superior service and offering a wide variety of commercial
banking products, such as commercial real estate loans, inventory and accounts
receivable financing, and SBA program loans for qualified businesses.
Publicly Traded Peers of Umpqua Holdings Corporation
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 Umpqua Holdings Corporation |
3,839.34 | 1,185.53 |
 Bank Of America Corporation |
356,921.12 | 122,968.00 |
 Wintrust Financial Corp |
10,329.62 | 2,761.82 |
 Tfs Financial Corporation |
4,603.30 | 347.23 |
 Texas Capital Bancshares Inc |
4,406.35 | 1,281.59 |
 First Financial Bankshares Inc |
4,369.87 | 637.20 |
| SUBTOTAL | 403,506.52 | 136,240.08 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on Umpqua Holdings Corporation versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
Umpqua Holdings's Competitors Named by the Company
Competitive relationships identified from Umpqua Holdings reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Wintrust Financial Corp | Company report | 85% |
| Texas Capital Bancshares Inc | Company report | 85% |
| Axos Financial Inc | Company report | 85% |
| Bank Of America Corporation | Company report | 85% |
| Flagstar Bancorp Inc. | Company report | 85% |
Company report basis, confidence, active dates and source counts for Umpqua Holdings's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
Umpqua Holdings's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Northrim Bancorp Inc | Community Banking 70.31 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
Umpqua Holdings's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| Umpqua Holdings Corporation | 3,839 | 263,979 | 175,313 |
| Bank Of America Corporation | 356,921 | 577,315 | 150,793 |
| Wintrust Financial Corp | 10,330 | 467,946 | 146,512 |
| Tfs Financial Corporation | 4,603 | 362,452 | 106,119 |
| Texas Capital Bancshares Inc | 4,406 | 717,977 | 203,417 |
| First Financial Bankshares Inc | 4,370 | 398,252 | 168,133 |
| PEERS TOTAL | 399,667 | 570,590 | 148,826 |
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Umpqua Holdings's Valuation vs Competitive Position
Valuation multiples vs the S&Ls Savings Banks industry average (2 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full S&Ls Savings Banks industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 12.1x | - | - |
| EV / EBITDA | 5.8x | 6.0x | -0.2x |
| P/B | 1.6x | 0.7x | +0.9x |
| Return on Equity | 0.13 % | industry aggregate | -10.94 % |
| Return on Invested Capital | - | - | - |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
Umpqua Holdings's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 21.68 % | -0.71 % | -1.18 % | 6.64 % | 2.22 % | -8.27 % | 21.01 % | -10.09 % |
| Operating Margin | 31.25 % | - | 31.38 % | 36.37 % | 39.47 % | - | - | - |
| Return on Invested Capital | 4.24 % | - | 3.91 % | 4.56 % | 4.84 % | -21.17 % | 8.92 % | 2.25 % |
| P/E | 15.2x | 17.0x | 18.9x | 12.7x | 10.7x | - | 10.6x | 12.1x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
Umpqua Holdings's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | Lower than typical for the industry | Capital intensity (capex / revenue) of 2.28 % vs industry average 12.91 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on Umpqua Holdings's dedicated Suppliers and Customers pages, not here.
Umpqua Holdings's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+3.7% annualized vs trailing 12 months).
Weaknesses
- Return on equity 10.9 points below the industry aggregate.
- Piotroski F-Score of 2 or below, the standard financial-distress signal.
Opportunities
No rule matched.
Threats
- Losing revenue share to the broader industry (-6.0 points over the past year).
- Tracked peer group's revenue run-rate is broadly decelerating (-17.5% annualized).
Methodology: see Methodology: SWOT Analysis.
Umpqua Holdings's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| Umpqua Holdings Corporation | - | 1.10 | 0.47 |
| Bank Of America Corporation | 0.10 | 0.52 | 1.27 |
| Wintrust Financial Corp | 0.09 | 0.04 | 0.16 |
| Tfs Financial Corporation | 1.02 | 176.49 | - |
| Texas Capital Bancshares Inc | 0.06 | 1.53 | 0.22 |
| First Financial Bankshares Inc | 0.01 | 0.70 | 0.01 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
Umpqua Holdings's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| Umpqua Holdings Corporation | Q4 2022 | -3.0 % | +121.1 % |
| Bank Of America Corporation | Q3 2026 | +3.2 % | -16.8 % |
| Wintrust Financial Corp | Q2 2026 | +10.3 % | +19.5 % |
| Tfs Financial Corporation | Q2 2026 | +15.2 % | +40.1 % |
| Texas Capital Bancshares Inc | Q3 2026 | +3.4 % | -1.4 % |
| First Financial Bankshares Inc | Q2 2026 | +9.8 % | +7.9 % |
| PEERS TOTAL | +1.9 % | -14.3 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
Umpqua Holdings's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| Umpqua Holdings Corporation | Q4 2022 | - | +571.5 % |
| Bank Of America Corporation | Q3 2026 | - | - |
| Wintrust Financial Corp | Q2 2026 | +4.0 % | - |
| Tfs Financial Corporation | Q2 2026 | - | +101.2 % |
| Texas Capital Bancshares Inc | Q3 2026 | +41.7 % | - |
| First Financial Bankshares Inc | Q2 2026 | +33.6 % | +232.0 % |
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Umpqua Holdings's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| Umpqua Holdings Corporation | 2.54% | 4.50% | 31.42% |
| Bank Of America Corporation | 0.93% | 1.18% | 10.69% |
| Wintrust Financial Corp | 1.20% | 3.12% | 11.84% |
| Tfs Financial Corporation | 0.58% | 0.58% | 5.30% |
| Texas Capital Bancshares Inc | 1.11% | 1.11% | 10.11% |
| First Financial Bankshares Inc | 1.76% | 5.03% | 14.00% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
Umpqua Holdings's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| Umpqua Holdings Corporation | 17.15 | 3.24 |
| Bank Of America Corporation | 11.79 | 2.90 |
| Wintrust Financial Corp | 12.14 | 3.74 |
| Tfs Financial Corporation | 45.30 | 13.26 |
| Texas Capital Bancshares Inc | 13.02 | 3.44 |
| First Financial Bankshares Inc | 16.26 | 6.86 |
| PEERS AVERAGE | 11.20 | 2.96 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.