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Sep 30, 2022
UMB Financial Q3 2022 Earnings Report
UMB Financial Corporation reported third quarter results, marked by net income and increased cash dividend.
Key Takeaways
UMB Financial Corporation reported a net income of $88.0 million for the third quarter of 2022, with earnings per diluted share at $1.81. The results reflect strong loan growth and revenue growth, offset by increased deposit costs.
GAAP net income was $88.0 million, or $1.81 per diluted share.
Average loan balances increased $2.5 billion, or 15.1%, compared to the third quarter of 2021.
Noninterest income increased 19.3% as compared to the third quarter of 2021, equal to 35.5% of total revenue.
Credit quality remained strong, with net charge-offs of just 0.02% of average loans.
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.