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UMB Financial Corp (UMBF)
NASDAQ:UMBF
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Earnings Data
Report Date
Jan 28, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
2.26Last Year’s EPS
2.29Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 23, 2018
|% Change Since: 12.47%
|Next Earnings Date:Jul 24, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in fee-based businesses, significant loan and deposit growth, excellent credit quality, and an increase in dividends, indicating positive business momentum. However, challenges such as a decline in net interest margin and increased provision expenses were noted. Overall, the positive developments outweigh the challenges.Company Guidance
During the UMB Financial Q3 2024 earnings call, management provided guidance reflecting strong financial performance characterized by key metrics. The company reported GAAP earnings of $109.6 million or $2.23 per share and operating earnings of $2.25 per share, driven by robust loan production totaling $1.4 billion and near double-digit annualized loan growth. Interest income rose due to loan growth and increased liquidity, while fee income surged by 30% quarter-over-quarter, bolstered by trading and investment banking activities. The balance sheet saw a 9.8% linked quarter annualized increase in average loan balances, with multifamily balances achieving 13% growth. The company maintained excellent credit quality, evidenced by net charge-offs of just 8 basis points year-to-date. Average total deposits increased by 11.1% on a linked quarter annualized basis. Looking ahead, UMB is on track to finalize its acquisition of Heartland Financial, expected in Q1 2025, which aligns with its growth strategy and aims to enhance its business model.Strong Fee Business Performance
The company reported strong fee business performance with near double-digit annualized loan growth driven by record top-line loan production of $1.4 billion.
Loan and Deposit Growth
Reported a 9.8% linked quarter annualized increase in average loan balances and an 11.1% increase in average total deposits.
Credit Quality
Credit quality remains excellent with just 8 basis points of net charge-offs year-to-date and nonperforming loans also at 8 basis points of total loans.
Dividend Increase
Announced a 2.6% increase in the quarterly dividend rate to $0.40 per share payable in January 2025.
Institutional Business Growth
Assets under administration within the institutional business exceeded $0.5 trillion, with strong growth in trading, investment banking, and corporate trust segments.
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UMBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UMBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $106.32 | $110.78 | +4.19% |
| Jul 30, 2024 | $98.35 | $101.30 | +3.00% |
| Apr 29, 2024 | $82.18 | $76.83 | -6.51% |
| Jan 30, 2024 | $82.16 | $81.14 | -1.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does UMB Financial Corp (UMBF) report earnings?
UMB Financial Corp (UMBF) is schdueled to report earning on Jan 28, 2025, TBA Not Confirmed.
What is UMB Financial Corp (UMBF) earnings time?
UMB Financial Corp (UMBF) earnings time is at Jan 28, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UMBF EPS forecast?
UMBF EPS forecast for the fiscal quarter 2024 (Q4) is 2.26.
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