UMB Financial Corporation Reports Earnings of $196.3 Million for the Full-Year 2018
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UPDATE: UMB Bank (UMBF) Misses Q4 EPS by 55c, Revenues Miss; 'Significantly Impacted by the Charge Off of a Single $48.1M Factoring Relationship'
January 29, 2019 5:03 PM EST(Updated - January 29, 2019 5:05 PM EST)
UMB Bank (NASDAQ: UMBF) reported Q4 EPS of $0.56, $0.55 worse than the analyst estimate of $1.11. Revenue for the quarter came in at $256.81 million versus the consensus estimate of $261.36 million.
Results for the fourth quarter 2018 included 8.5 percent annualized average loan growth, 9.9 percent deposit growth and margin expansion of six basis points on a linked-quarter basis, said Mariner Kemper, chairman and chief executive officer. However, our results for the quarter were significantly impacted by the charge off of a single... More
