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Jun 30, 2021
UMB Financial Q2 2021 Earnings Report
UMB Financial reported second quarter net income, demonstrating benefits from diverse business model and validating investment thesis with above-peer loan growth and strong fee income.
Key Takeaways
UMB Financial Corporation reported a net income of $87.4 million for the second quarter of 2021, with earnings per diluted share at $1.79. The results reflect an increase compared to the second quarter of 2020, driven by growth in average loans and deposits, and an increase in noninterest income. The board of directors also announced a 15.6% increase in the quarterly cash dividend.
GAAP net income was $87.4 million, or $1.79 per diluted share.
Pre-tax, pre-provision (PTPP) income was $131.3 million, an increase of $41.2 million.
Quarterly average loan balances increased $1.7 billion, or 11.4%.
Quarterly average deposits grew 22.0% to $27.8 billion.
Revenue by Segment
Forward Guidance
No specific forward guidance mentioned in the provided document.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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