earnings
confidence high
sentiment positive
materiality 0.75
UMB Financial Q1 net income $110.3M ($2.25 EPS); declares $0.39 dividend, authorizes 1M share buyback
UMB FINANCIAL CORP
2024-Q1 EPS reported
$2.25
- GAAP net income $110.3M ($2.25 diluted EPS); net operating income $120.7M ($2.47 diluted EPS).
- Average loans up 9.8% YoY to $23.4B; average deposits up 6.2% YoY to $33.5B.
- Net interest income $239.4M (+3.9% linked quarter); noninterest income $159.2M (+22.3% YoY).
- Board declared $0.39/share quarterly dividend, payable July 1 to shareholders of record June 10.
- Authorized repurchase of up to 1M shares of common stock until the 2025 annual meeting.