UMB Bank (UMBF) Tops Q1 EPS by 66c, Revenues Miss
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UMB Financial Corporation Reports First Quarter Net Income of $92.6 Million
April 27, 2021 8:00 AM EDTFirst Quarter 2021 Financial Highlights (all comparisons to prior year)
GAAP net income of $92.6 million, or $1.91 per diluted share; net operating income of $92.8 million, or $1.91 per diluted share. Pre-tax, pre-provision (PTPP) income of $102.1 million, an increase of $18.3 million. Quarterly average loan balances increased $2.6 billion, or 19.3%. Quarterly average deposits grew 28.8% to $26.8 billion. Noninterest income increased 10.6% and comprised 35.9% of revenue. Credit quality remained strong, with net charge-offs of just 0.13% of average loans, consistent with the companys historical performance.KANSAS CITY, Mo.--(BUSINESS... More
