UMB Financial Q3 Earnings Beat on Higher NII & Fee Income, Costs Rise

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 ...