UPDATE: UMB Bank (UMBF) Misses Q4 EPS by 55c, Revenues Miss; 'Significantly Impacted by the Charge Off of a Single $48.1M Factoring Relationship'

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Go back to UPDATE: UMB Bank (UMBF) Misses Q4 EPS by 55c, Revenues Miss; 'Significantly Impacted by the Charge Off of a Single $48.1M Factoring Relationship'

UMB Financial Corporation Reports Earnings of $196.3 Million for the Full-Year 2018

January 29, 2019 5:00 PM EST

KANSAS CITY, Mo.--(BUSINESS WIRE)-- UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced results for the fourth quarter and year ended December 31, 2018.

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 $48.1 million factoring relationship. Strong asset quality has long been a hallmark of UMB and this event is certainly not... More