UMBF Reports Strong Q4 Earnings, Exceeding Analyst Expectations
KANSAS CITY, Mo. - UMB Financial Corp. (UMBF) announced its fourth-quarter financial results, showcasing an impressive performance that surpassed market expectations.
The bank reported net income of $120 million or $2.44 per share for the quarter. Excluding non-recurring expenses, adjusted earnings amounted to $2.49 per share, beating the consensus estimate of $2.30 per share from Zacks Investment Research analysts.
UMBF generated revenue of $720.2 million during the quarter, with net interest income reaching $440.6 million. This figure exceeded analyst projections of $414.1 million from Zacks' survey.
For the full year, the company posted a net profit of $441.2 million or $8.99 per share. Revenue for the year was reported at $1.65 billion.
UMBF's financial performance underscores the company's continued strength and growth. Investors can access more insights into UMBF's stock performance through the Zacks stock report available at https://www.zacks.com/ap/UMBF.