UMB Bank (UMBF) Tops Q1 EPS by 50c
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UMB Financial Corporation Reports First Quarter Net Income of $106.0 Million
April 26, 2022 4:15 PM EDTFirst Quarter 2022 Financial Highlights
GAAP net income of $106.0 million, or $2.17 per diluted share; net operating income (a non-GAAP financial measure) of $106.1 million, or $2.17 per diluted share. Pre-tax, pre-provision income on a fully tax equivalent basis (PTPP-FTE, a non-GAAP financial measure) of $125.7 million, an increase of 10.9% compared to the fourth quarter of 2021. Excluding Paycheck Protection Program (PPP) balances, average loans increased 19.1% on a linked-quarter, annualized basis. Quarterly average deposits grew 21.5% compared to the first quarter of 2021. Noninterest income increased 13.6% as compared to the first quarter of 2021,... More