UMB Financial Corp reports results for the quarter ended in December - Earnings Summary

UMB Financial

30/01/2024 22:02

* UMB Financial Corp  UMBF.OQ  reported quarterly adjusted
earnings of $1.45​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $2.06.  The mean expectation of five analysts for the
quarter was for earnings of $1.76 per share. Wall Street
expected results to range from $1.75  to $1.77 per share.
    * Revenue rose 0% to $370.78 million from a year ago;
analysts
expected $360.69 million. 
    * UMB Financial Corp's reported EPS for the quarter was
$1.45​.
    * The company reported quarterly net income of $70.92
million.
    * UMB Financial Corp shares had fallen by 0.1% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for UMB Financial
Corp is $80.00 
This summary was machine generated from LSEG data January 30 at
10:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.76           1.45           Missed
 Sep. 30 2023      1.77           1.98           Beat
 Jun. 30 2023      1.93           1.85           Missed
 Mar. 31 2023      1.86           1.90           Beat