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Jun 30, 2022
UMB Financial Q2 2022 Earnings Report
Reported net income of $137.6 million for the second quarter of 2022.
Key Takeaways
UMB Financial Corporation reported a strong second quarter with net income of $137.6 million, or $2.83 per diluted share. The results were driven by a 23.3% linked-quarter annualized increase in average loans excluding PPP, strong net interest margin expansion, and continued momentum in fee income businesses.
GAAP net income was $137.6 million, or $2.83 per diluted share.
Operating pre-tax, pre-provision income (Operating PTPP, a non-GAAP financial measure) was $187.1 million, an increase of 56.7% compared to the first quarter of 2022.
Average loan balances increased $1.5 billion, or 8.9% compared to the second quarter of 2021.
Noninterest income increased 34.0% as compared to the second quarter of 2021, equal to 44.0% 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 Forward Guidance
No specific forward guidance was provided in the document.