KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — UMB Financial Corp. (UMBF) on Tuesday reported second-quarter earnings of $277.6 million.
The bank, based in Kansas City, Missouri, said it had earnings of $3.56 per share. Earnings, adjusted for one-time gains and costs, came to $3.57 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.08 per share.
The bank holding company posted revenue of $1.12 billion in the period. Its revenue net of interest expense was $786.9 million, also topping Street forecasts. Three analysts surveyed by Zacks expected $725.8 million.
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