UMB Bank (UMBF) Reports In-Line Q2 EPS
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UMB Financial Corporation Reports Second Quarter Net Income of $87.4 Million; Announces 15.6% Increase to Quarterly Cash Dividend
July 27, 2021 4:15 PM EDTSecond quarter 2021 Financial Highlights (all comparisons to prior year unless otherwise noted)
GAAP net income of $87.4 million, or $1.79 per diluted share; net operating income of $87.6 million, or $1.80 per diluted share. Pre-tax, pre-provision (PTPP) income of $131.3 million, an increase of $41.2 million. Quarterly average loan balances increased $1.7 billion, or 11.4%. Excluding Paycheck Protection Program (PPP) balances, average loans increased 19.0% on a linked-quarter, annualized basis. Quarterly average deposits grew 22.0% to $27.8 billion. Noninterest income increased 9.2% and comprised 39.6% of revenue. Board of Directors increased quarterly cash dividend by 15.6% to... More