KANSAS CITY, Mo. (AP) _ UMB Financial Corp. (UMBF) on Tuesday reported fourth-quarter earnings of $66.5 million.
The Kansas City, Missouri-based bank said it had earnings of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $1.36 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share.
The bank holding company posted revenue of $326.2 million in the period. Its revenue net of interest expense was $282.7 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $275.8 million.
For the year, the company reported profit of $243.6 million, or $4.96 per share. Revenue was reported as $1.1 billion.
UMB shares have decreased nearly 5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $65.35, a drop of 4.5% in the last 12 months.