Loading...
•
Mar 31, 2022
UMB Financial Q1 2022 Earnings Report
UMB Financial reported first quarter net income.
Key Takeaways
UMB Financial Corporation reported a net income of $106.0 million for the first quarter of 2022, or $2.17 per diluted share. This compares to $92.6 million, or $1.91 per diluted share, in the first quarter of 2021. The company's results reflect robust growth on both sides of the balance sheet, strong asset quality metrics, and sustained momentum in fee income businesses.
GAAP net income of $106.0 million, or $2.17 per diluted share; net operating income of $106.1 million, or $2.17 per diluted share.
Pre-tax, pre-provision income on a fully tax equivalent basis of $125.7 million, an increase of 10.9% compared to the fourth quarter of 2021.
Excluding Paycheck Protection Program balances, average loans increased 19.1% on a linked-quarter, annualized basis.
Noninterest income increased 13.6% as compared to the first quarter of 2021, equal to 37.0% of total revenue.
UMB Financial
UMB Financial
UMB Financial Revenue by Segment
Revenue by Segment
Commercial Banking Revenue
CapyFin.comInstitutional Banking Revenue
CapyFin.comPersonal Banking Revenue
CapyFin.com