UMB Financial earnings climb 15.8 percent
07/22/2014 4:57 PM
07/22/2014 5:14 PM
Profits rose 15.8 percent at Kansas City-based UMB Financial Corp.
The banking company said it earned $34.7 million, or 76 cents a share, in April, May and June, compared with $29.9 million, or 74 cents a share, in the same months a year ago.
Interest earnings on loans increased as the average loan total for the quarter was 12 percent higher than a year ago.
Loans totaled $6.9 billion at the end of June, nearly equal to investment securities, which totaled $7.0 billion.
Non-interest income — from fees for securities processing work, trading and investment banking services, and other sources — totaled $134 million during the quarter, which is more than the $86.2 million in net interest income.
UMB had $15.6 billion in total assets at the end of June.
To reach Mark Davis, call 816-234-4372 or send email to email@example.com. Follow him on Facebook and Twitter at mdkcstar.
Join the Discussion
The Kansas City Star is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.