KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — UMB Financial Corp. (UMBF) on Tuesday reported third-quarter profit of $188.3 million.
The bank, based in Kansas City, Missouri, said it had earnings of $2.36 per share. Earnings, adjusted for one-time gains and costs, were $2.70 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.
The bank holding company posted revenue of $1.08 billion in the period. Its revenue net of interest expense was $686.7 million, which also beat Street forecasts. Five analysts surveyed by Zacks expected $659.3 million.
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