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Dec 31, 2020
UMB Financial Q4 2020 Earnings Report
Reported fourth quarter net income and record full-year earnings.
Key Takeaways
UMB Financial Corporation reported a strong fourth quarter with net income of $156.3 million, driven by an increase in noninterest income and solid credit quality.
GAAP net income was $156.3 million, or $3.24 per diluted share.
Pre-tax, pre-provision (PTPP) income reached $196.1 million, a substantial increase.
Quarterly average loan balances increased by $2.8 billion, or 21.2%.
Noninterest income increased significantly, comprising 54.0% of revenue.
UMB Financial
UMB Financial
Forward Guidance
UMB Financial Corporation did not provide specific forward guidance in this earnings report.