UMB Bank (NASDAQ: UMBF) reported Q2 EPS of $1.33, $0.96 better than the analyst estimate of $0.37.

Second Quarter 2020 Highlights

• GAAP net income of $60.5 million, or $1.26 per diluted share; operating net income of $63.8 million, or $1.33 per diluted share.
• Pre-tax, pre-provision (PTPP) income of $90.2 million, an increase of 7.6% from the linked quarter.
• Total revenue increased 9.7% to $298.7 million, compared to the linked quarter.
• Average loans, excluding Paycheck Protection Program (PPP) balances, increased 8.2% on a linked-quarter annualized basis.
• Loans recorded under the PPP totaled $1.5 billion as of June 30, 2020.
• Average deposits grew $2.0 billion to $22.8 billion compared to the first quarter of 2020.
• GAAP book value per share of $57.84, a 14.5% increase, and tangible book value per share of $53.57, a 15.1% increase compared to a year ago.
• Credit quality remained strong, with net charge-offs of just 0.15% of average loans, consistent with the company’s historical performance.

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