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UMB’s Interest Income Rose and Non-Interest Income Fell in 3Q15

US Equity Market Update: October 27, 2015

(Continued from Prior Part)

UMB’s price movement

UMB Financial (UMBF) has a market cap of $2.5 billion. YTD (year-to-date), UMB’s price movement is a mixture of ups and down in 2015. After the earnings report, UMBF fell 1.7% to close at $50.41 per share on October 27, 2015, with a decrease in net income of 25.7% in 3Q15. The price movements on weekly, monthly, and YTD bases are -1.5%, -0.02%, and -10.2%, respectively.

Technically, UMB Financial has broken all major support throughout 2015. Currently, it’s trading at 1.6% below the 20-day moving average, 0.18% above the 50-day moving average, and 3.6% below the 200-day moving average.

The PowerShares KBW Regional Bank ETF (KBWR) invests 2.1% of its holdings in UMB. The ETF tracks an equal-weighted index focused exclusively on US regional banking firms. KBWR’s YTD price movement is 7.0% as of October 26, 2015. The PowerShares S&P SmallCap Financials ETF (PSCF) invests 1.3% of its holdings in UMB. The Guggenheim Insider Sentiment ETF (NFO) invests 0.98% of its holdings in UMB.

Below are the market caps of some of UMB Financial’s (UMBF) competitors:

  • BOK Financial (BOKF) — $4.4 billion

  • Commerce Bancshares (CBSH) — $4.2 billion

  • Wintrust Financial (WTFC) — $2.4 billion

  • First Midwest Bancorp (FMBI) — $1.4 billion

UMB Financial’s 3Q15 performance

UMB Financial reported interest income of $115.2 million in 3Q15, an increase of 13.1% on a quarterly basis. Interest income from loans, securities, federal funds and resell agreements, and interest-bearing due from banks increased 18.6%, 0.16%, 15.9%, and 9.4%, respectively, in 3Q15.

Non-interest income decreased to $109.1 million in 3Q15, a decrease of 8.7% on a quarterly basis. Non-interest income from trust and securities processing, trading and investment banking, and bankcard fees decreased 3.3%, 46.7%, and 2.3%, respectively, in 3Q15. Net income and EPS (earnings per share) decreased to $22.5 million and $0.46, respectively, in 3Q15, a decrease of 25.7% and 29.2%, respectively, compared to $30.2 million and $0.65, respectively, in 2Q15. Loans increased 1.5% in 3Q15.

About UMB Financial

UMB Financial is a financial institution that provides banking, asset management, institutional asset management, and payment solutions services to commercial, institutional, and personal clients.

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