UMB Financial Corporation (UMBF) reported a notable increase in its fourth-quarter earnings, surpassing analysts' expectations. The company recorded a net income of $120 million, which translates to $2.44 per share, up from $70.92 million, or $1.45 per share, in the previous year. When adjusted for certain items, UMB Financial Corp posted earnings of $122.58 million, or $2.49 per share. Analysts had, on average, predicted an earnings figure of $2.26 per share, typically excluding special items.
Here’s a brief overview of UMB Financial Corp's earnings based on GAAP:
- Earnings: $120 million, compared to $70.92 million in the prior year.
- Earnings per Share (EPS): $2.44, up from $1.45 last year.
