UMB: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 03:25 AM ET
Last Updated - Jul 31, 2024, 03:25 AM EDT
KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — UMB Financial Corp. (UMBF) on Tuesday reported second-quarter profit of $101.3 million.
The Kansas City, Missouri-based bank said it had earnings of $2.07 per share. Earnings, adjusted for one-time gains and costs, came to $2.16 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.96 per share.
The bank holding company posted revenue of $683.2 million in the period. Its revenue net of interest expense was $396.4 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $384.3 million.
