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UMB: 2Q Earnings Snapshot

KANSAS CITY, Mo. (AP) _ UMB Financial Corp. (UMBF) on Tuesday reported second-quarter earnings of $57 million.

The bank, based in Kansas City, Missouri, said it had earnings of $1.16 per share. Earnings, adjusted for one-time gains and costs, were $1.17 per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of $1.17 per share.

The bank holding company posted revenue of $322.1 million in the period. Its revenue net of interest expense was $271.8 million, exceeding Street forecasts. Four analysts surveyed by Zacks expected $270.7 million.

UMB shares have increased 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $67.95, a decrease of almost 5% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UMBF at https://www.zacks.com/ap/UMBF