UMB: Fourth Quarter Financial Highlights
UMB Financial Corp. Announces Strong Fourth-Quarter Results
UMB Financial Corp., headquartered in Kansas City, Missouri, revealed on Tuesday that it achieved a net income of $215.4 million for the fourth quarter.
The company reported earnings of $2.74 per share, which, after adjusting for non-recurring items, increased to $3.08 per share.
These figures exceeded analysts’ expectations, as the consensus estimate from seven Zacks Investment Research analysts had predicted earnings of $2.71 per share.
During the quarter, UMB Financial generated $1.09 billion in total revenue. After accounting for interest expenses, net revenue reached $729.6 million, surpassing the $678.9 million forecasted by five Zacks analysts.
For the entire year, UMB Financial posted a profit of $702.4 million, or $9.29 per share, with total revenue amounting to $2.65 billion.
This article was produced by Automated Insights using data provided by Zacks Investment Research.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like

Shiba Inu (SHIB) Price Prediction

Klaviyo (KVYO) Partners With Google to Deliver Next Gen Customer Experience

Klarna Group (KLAR) Reaches 55 Million Monthly Active Users

