UMB Financial Corp (UMBF) Misses Q4 EPS by 17c

UMB Financial Corp (NASDAQ: UMBF) reported Q4 EPS of $0.59, $0.17 worse than the analyst estimate of $0.76.

“A decrease in equity earnings related to Prairie Capital Management coupled with the associated contingency reserve in 2014 was a primary cause of the change in net income year-over-year, masking the strength in our results,” said Mariner Kemper, chairman and chief executive officer. “All in all, 2014 was another successful year for UMB. We continue to demonstrate strong business fundamentals with double-digit, year-over-year loan growth, excellent credit metrics, diversified revenue streams and strong customer relationships. We once again hold the top deposit market-share position in Kansas City, and we are pleased with the growth across our footprint. Expectations for continuing headwinds in 2015 only reinforce the value of our differentiated business model, which is time-tested, and we believe our long-term performance will continue to set us apart from our peers.”

For earnings history and earnings-related data on UMB Financial Corp (UMBF) click here.

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