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Mar 31, 2023
UMB Financial Q1 2023 Earnings Report
Reported first quarter results with net income of $92.4 million
Key Takeaways
UMB Financial Corporation reported a strong first quarter, with net income of $92.4 million, or $1.90 per diluted share. Average loans increased 19.3%, and average deposits grew 2.4% on a linked-quarter, annualized basis. Credit quality remained strong, with net charge-offs of just 0.09% of average loans.
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.
Credit quality remained strong, with net charge-offs of just 0.09% of average loans and nonperforming loans of 0.07% of total loans.
Revenue by Segment
Forward Guidance
Not applicable, no forward guidance provided in this report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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