Umpqua Bank, the largest bank based in the State, reported $24.8 billion in assets up 6% in 2016. Deposits climbed 7% to $19 billion. With low interest rates Umpqua's net interest income fell 3% in 2016 to $844 million. The bank had a Q4 profits of $0.27 per share. (PBJ)
Formerly one of the largest privately held companies in Oregon, door and window maker Jeld-Wen is looking to raise $452 million in an IPO. The IPO would value the company at about $2.4 billion. Jeld-Wen sold 58% of the company to a Canadian investment firm Onex in 2011 for $864 million. Onex moved Jeld-Wen's headquarters to North Carolina in 2015.
Big boy toy maker Caterpillar, reported a loss fourth quarter of $1.17 billion or $2 per share. The company had revenue of $9.57 billion in the period. Caterpillar shares are up 6% in 2017 and up 69% in the last 12 months. The company says it will benefit from President Trump’s infrastructure-spending plan but those impacts won’t be seen before late 2017. (AP)
AT&T, the No. 2 U.S. wireless carrier, reported quarterly profits of $2.44 billion, or 39 cents per share on revenue of $41.84 billion. Capital spending is estimated around at $22 billion in 2017. (Reuters)
With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.