UMB Bank (UMBF) Misses Q4 EPS by 23c

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UMB Financial Corporation Reports Fourth Quarter Net Income of $78.5 Million and Record Full-Year Earnings of $353.0 Million

January 25, 2022 4:15 PM EST

Fourth Quarter 2021 Financial Highlights

GAAP net income of $78.5 million, or $1.61 per diluted share; net operating income (non-GAAP) of $78.9 million, or $1.62 per diluted share. Pre-tax, pre-provision income on a fully tax equivalent basis (PTPP-FTE) of $113.4 million. Excluding Paycheck Protection Program (PPP) balances, average loans increased 5.7% on a linked-quarter, annualized basis. Average Commercial & Industrial loan balances, excluding PPP, increased 11.9% on a linked-quarter, annualized basis. Period-end loan balances, excluding PPP, increased by $882.6 million from the linked quarter. Noninterest income increased 10.1% on a linked-quarter basis to $118.8... More