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UMB Financial Corporation reported a net income of $92.6 million, or $1.91 per diluted share, for the first quarter of 2021. The results were driven by strong balance sheet growth, robust fee income, and solid asset quality metrics.
GAAP net income was $92.6 million, or $1.91 per diluted share.
Pre-tax, pre-provision income was $102.1 million, an increase of $18.3 million year-over-year.
Quarterly average loan balances increased $2.6 billion, or 19.3%.
Quarterly average deposits grew 28.8% to $26.8 billion.
No specific forward guidance was provided in the document.