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UMB(UMBF) - 2024 Q3 - Quarterly Report
2024-10-31 13:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ____ Commission file number 001-38481 | --- | --- | --- | |----------------------------------------------------------------------------|--------------- ...
UMB(UMBF) - 2024 Q3 - Earnings Call Transcript
2024-10-30 17:48
UMB Financial Corporation (NASDAQ:UMBF) Q3 2024 Earnings Conference Call October 30, 2024 9:30 AM ET Company Participants Kay Gregory - IR Mariner Kemper - President & CEO Ram Shankar - CFO Jim Rine - CEO, UMB Bank Tom Terry - Chief Credit Officer Conference Call Participants Ben Gerlinger - Citi Jared Shaw - Barclays Timur Braziler - Wells Fargo Nathan Race - Piper Sandler David Long - Raymond James Chris McGratty - KBW Operator Hello and welcome to the UMB Financial Third Quarter 2024 Financial Results Co ...
UMB Financial Q3 Earnings Beat on Higher NII & Fee Income, Costs Rise
ZACKS· 2024-10-30 15:56
UMB Financial Corp. (UMBF) reported third-quarter 2024 operating earnings per share of $2.25, which beat the Zacks Consensus Estimate of $2.16. Also, the bottom line compared favorably with the $2.02 earned in the year-ago quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. Results benefited from higher net interest income (NII) and fee income. Rising loan and deposit balances were other positives. However, higher expenses, increased provisions and worsening credit quality act ...
Compared to Estimates, UMB (UMBF) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-29 23:31
UMB Financial (UMBF) reported $412.72 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 14%. EPS of $2.25 for the same period compares to $2.02 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $398.83 million, representing a surprise of +3.48%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $2.16.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...
UMB Financial (UMBF) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2024-10-29 22:41
UMB Financial (UMBF) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $2.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this bank holding company would post earnings of $1.96 per share when it actually produced earnings of $2.16, delivering a surprise of 10.20%. Over the last four quarters, ...
UMB(UMBF) - 2024 Q3 - Quarterly Results
2024-10-29 20:05
Exhibit 99.1 UMB Financial Corporation News Release 1010 Grand Boulevard Kansas City, MO 64106 816.860.7000 umb.com //FOR IMMEDIATE RELEASE// Media Contact: Stephanie Hague: 816.729.1027 Investor Relations Contact: Kay Gregory: 816.860.7106 UMB Financial Corporation Reports Third Quarter Net Income of $109.6 Million and Net Operating Income (i) of $110.4 Million. Third Quarter 2024 Financial Highlights • GAAP net income of $109.6 million, or $2.23 per diluted share. • Net operating income (i) of $110.4 mill ...
UMB Financial: Good Value For The Conservative Investor
Seeking Alpha· 2024-10-01 21:42
Like a lot of banks, UMB Financial Corporation (NASDAQ: UMBF ) has spent much of the past 12 months recovering lost ground. Shares of this Missouri-based lender have returned over 70% in that time, comfortably outperforming the wider regional bank space, yet that only leaves I like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Co ...
Here's Why UMB Financial (UMBF) is a Great Momentum Stock to Buy
ZACKS· 2024-09-23 17:02
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...
UMB Financial Stock Touches 52-Week High: Is It Worth Investing?
ZACKS· 2024-09-17 17:11
UMB Financial Corporation (UMBF) shares touched a 52-week high of $106.54 on Monday. The stock closed the session a little lower at $105.8, gaining 30.5% in the past three months. The stock has outperformed the industry and its peers like Commerce Bancshares, Inc. (CBSH) and 1st Source Corporation (SRCE) in the same time frame. Image Source: Zacks Investment Research Three-Month Price Performance Chart Factors Leading to UMBF Stock's New 52-Week High A major factor for this upward movement of UMBF stock can ...
UMB (UMBF) Up 0.4% Since Last Earnings Report: Can It Continue?
ZACKS· 2024-08-29 16:37
A month has gone by since the last earnings report for UMB Financial (UMBF) . Shares have added about 0.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is UMB due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. UMB Financial Q2 Earnings Top Estimates UMB Financial's ...