SAN FRANCISCO (Thomson Financial) - UMB Financial Corp. on Tuesday reported
second-quarter net earnings of $23.7 million, or 58 cents a share, ahead of the
mean 54-cent estimate of analysts polled by Thomson Reuters.
During the same quarter last year, earnings were $20.1 million, or 48 cents
a share.
Net interest income for the period ended June 30 rose to $66 million from
$56.9 million last year.
"While the industry continues to be under pressure, UMB remains focused on
capitalization, high quality lending, making strategic investments and servicing
our customers," said Chairman and Chief Executive Mariner Kemper in a statement.
UMB said nonperforming loans were flat at 0.20% of total loans.
The company's stock was up 4% at $55.44.
Katherine Hunt
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