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Dec 31, 2021
UMB Financial Q4 2021 Earnings Report
UMB Financial reported net income for Q4 2021 and record full-year earnings.
Key Takeaways
UMB Financial Corporation reported a net income of $78.5 million for the fourth quarter of 2021, or $1.61 per diluted share. The results reflect strong growth on both sides of the balance sheet and continued build-out of differentiated fee generation businesses.
GAAP net income of $78.5 million, or $1.61 per diluted share; net operating income (non-GAAP) of $78.9 million, or $1.62 per diluted share.
Pre-tax, pre-provision income on a fully tax equivalent basis (PTPP-FTE) of $113.4 million.
Excluding Paycheck Protection Program (PPP) balances, average loans increased 5.7% on a linked-quarter, annualized basis.
Noninterest income increased 10.1% on a linked-quarter basis to $118.8 million, equal to 36.1% of total revenue.