Umb Financial Corporation Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 27, 2021 at 04:40 pm EDT
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UMB Financial Corporation announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced net interest income was USD 201.071 million compared to USD 178.229 million a year ago. Net income was USD 87.412 million compared to USD 60.529 million a year ago. Basic earnings per share from continuing operations was USD 1.81 compared to USD 1.26 a year ago. Diluted earnings per share from continuing operations was USD 1.79 compared to USD 1.26 a year ago. For the half year, net interest income was USD 395.186 million compared to USD 352.170 million a year ago. Net income was USD 180.055 million compared to USD 57.090 million a year ago. Basic earnings per share from continuing operations was USD 3.74 compared to USD 1.18 a year ago. Diluted earnings per share from continuing operations was USD 3.7 compared to USD 1.18 a year ago.
UMB Financial Corporation is a financial services company. The Company offers commercial banking, which includes comprehensive deposit, lending and investment services, personal banking, which includes wealth management and financial planning services, and institutional banking, which includes asset servicing, corporate trust solutions, investment banking, and healthcare services. Its segments include Commercial Banking, which serves the commercial banking and treasury management needs of the Companyâs small to middle-market businesses through a range of products and services; Institutional Banking segment, which is a combination of banking services, fund services, asset management services and healthcare services provided to institutional clients, and Personal Banking segment that combines consumer banking and wealth management services offered to clients and delivered through personal relationships and its bank branches, automated teller machine (ATM) network and Internet banking.