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Dec 31, 2019
UMB Financial Q4 2019 Earnings Report
Reported record earnings for the full year and strong fourth-quarter performance.
Key Takeaways
UMB Financial Corporation reported income from continuing operations for the fourth quarter of 2019 of $66.5 million, or $1.35 per diluted share, representing an increase of 6.6 percent on a linked-quarter basis and an increase of 161.3 percent compared to the fourth quarter of 2018. The company capped off a strong year of financial performance, reporting record earnings in 2019, with income from continuing operations of $66.5 million, an increase of 6.6 percent compared to the third quarter.
Income from continuing operations for Q4 2019 was $66.5 million, or $1.35 per diluted share.
Average loan balances increased 2.6 percent compared to the third quarter, and 10.6 percent compared to the fourth quarter 2018.
Total revenue increased 4.0 percent on a linked-quarter basis and 10.1 percent compared to fourth quarter 2018 levels.
Expenses were elevated in the fourth quarter, driven largely by incentives tied to business and revenue growth, as well as overall company performance.
UMB Financial
UMB Financial
Forward Guidance
The company did not provide specific forward guidance in this earnings report.