UMB Bank (UMBF) Tops Q1 EPS by 5c
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UMB Financial Corporation Reports First Quarter Net Income of $92.4 Million
April 25, 2023 4:05 PM EDTFirst Quarter 2023 Financial Highlights
GAAP net income of $92.4 million, or $1.90 per diluted share. Average loans increased 19.3% on a linked-quarter, annualized basis. Average deposits grew 2.4% on a linked-quarter, annualized basis. Diverse deposit base with approximately 55% of deposit relationships spanning ten or more years. At March 31, 2023, uninsured deposits represented 66.6% of total deposits. When adjusted to exclude affiliate and collateralized deposits, uninsured deposits were 43.1% of total deposits. Within our commercial deposits, no one sector represents more than 5% of quarterly average deposits. Strong risk-based capital ratios and liquidity... More