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Jun 30, 2023
UMB Financial Q2 2023 Earnings Report
UMB Financial reported net income for the second quarter of 2023.
Key Takeaways
UMB Financial Corporation reported a net income of $90.1 million for the second quarter of 2023, a decrease compared to both the previous quarter and the same quarter last year. The results were impacted by higher interest expenses, although average loans increased and credit quality remained strong.
GAAP net income was $90.1 million, or $1.85 per diluted share.
Net operating income was $93.8 million, or $1.93 per diluted share.
Average loans increased 17.3% on a linked-quarter, annualized basis.
Deposit balances totaled $33.5 billion, up from $31.9 billion at March 31, 2023.
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 release.