Umb Financial Stock Price, News & Analysis

UMB Financial Corporation (Nasdaq: UMBF) reported a net income of $92.4 million, or $1.90 per diluted share, for Q1 2023, a decline from $100.2 million in Q4 2022 and $106.0 million in Q1 2022. Average loans increased 19.3% annualized while deposits grew 2.4%. Credit quality remained robust, with net charge-offs at 0.09% of average loans. Noninterest income rose 5.3% year-over-year to represent 35.0% of total revenue. Despite challenging market conditions, the company maintained strong liquidity, with 66.6% of deposits uninsured. Regulatory capital ratios exceeded peer medians, indicating a solid financial position. The Board declared a $0.38 per share dividend, payable July 3, 2023.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, is set to release its first quarter 2023 earnings on April 25, 2023. Following this, an investor conference call will take place on April 26, 2023, at 8:30 a.m. CT to discuss the results. Interested parties can join the call by dialing 833-470-1428 (toll-free) or 404-975-4839 (international), using access code 443869. A replay of the conference call will be available until May 10, 2023, at 866-813-9403 (toll-free) or 226-828-7578 (international), with the access code 582627. UMB Financial operates in several states, providing various banking and financial services.

UMB Financial Corporation (Nasdaq: UMBF) reported a strong financial performance for Q4 2022, with GAAP net income reaching $100.2 million or $2.06 per diluted share, up from $88.0 million in Q3 2022 and $78.5 million in Q4 2021. Average loan balances increased by $3.6 billion, or 21.6%, year-over-year, while average deposits grew by 21.2% on a linked-quarter basis. Net interest income rose by 5.0% from Q3 2022, and net interest margin improved by seven basis points. The company's asset quality remained solid, with net charge-offs at 0.04% of average loans.