UMB Financial Corporation Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 30, 2024 at 09:05 pm
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UMB Financial Corporation reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported net interest income was USD 245.11 million compared to USD 225.61 million a year ago. Net income was USD 101.35 million compared to USD 90.11 million a year ago. Basic earnings per share from continuing operations was USD 2.08 compared to USD 1.86 a year ago. Diluted earnings per share from continuing operations was USD 2.07 compared to USD 1.85 a year ago.
For the six months, net interest income was USD 484.54 million compared to USD 467.31 million a year ago. Net income was USD 211.6 million compared to USD 182.55 million a year ago. Basic earnings per share from continuing operations was USD 4.34 compared to USD 3.77 a year ago. Diluted earnings per share from continuing operations was USD 4.32 compared to USD 3.75 a year ago.
UMB Financial Corporation is a financial services company. The Company offers commercial banking, which includes comprehensive deposit, lending and investment services, personal banking, which includes wealth management and financial planning services, and institutional banking, which includes asset servicing, corporate trust solutions, investment banking, and healthcare services. Its segments include Commercial Banking, which serves the commercial banking and treasury management needs of the Companyâs small to middle-market businesses through a range of products and services; Institutional Banking segment, which is a combination of banking services, fund services, asset management services and healthcare services provided to institutional clients, and Personal Banking segment that combines consumer banking and wealth management services offered to clients and delivered through personal relationships and its bank branches, automated teller machine (ATM) network and Internet banking.