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Sep 30, 2020
UMB Financial Q3 2020 Earnings Report
Reported net income of $73.1 million for the third quarter of 2020.
Key Takeaways
UMB Financial Corporation reported a net income of $73.1 million, or $1.52 per diluted share, for the third quarter of 2020. This compares to $60.5 million, or $1.26 per diluted share, in the second quarter of 2020 and $62.4 million, or $1.27 per diluted share, in the third quarter of 2019. Pre-tax, pre-provision income was $99.4 million for the third quarter of 2020, compared to $90.2 million for the linked quarter, and $80.5 million for the third quarter of 2019.
GAAP net income of $73.1 million, or $1.52 per diluted share; net operating income of $76.4 million, or $1.59 per diluted share.
Pre-tax, pre-provision (PTPP) income of $99.4 million, an increase of 10.2% from the linked quarter.
Average deposits grew $1.3 billion to $24.1 billion compared to the second quarter of 2020.
Credit quality remained strong, with net charge-offs of just 0.13% of average loans.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts.
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Avg. Return Before/After Earnings
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