UMB Financial Corp. posted solid earnings for the second quarter, though analysts reeled in their optimism for the company’s outlook.
Second-quarter loans climbed 6.5 percent to $60.31 million, and noninterest income rose 18 percent to $134 million. The performance helped the Kansas City-based bank (Nasdaq: UMBF) power a 15.9 percent increase in net income to $34.67 million.
“As our second-quarter results demonstrate, the strength of our business model relies on diverse revenue sources, high-quality…
UMB Financial Corp. posted solid earnings for the second quarter, though analysts reeled in their optimism for the company’s outlook.
Second-quarter loans climbed 6.5 percent to $60.31 million, and noninterest income rose 18 percent to $134 million. The performance helped the Kansas City-based bank (Nasdaq: UMBF) power a 15.9 percent increase in net income to $34.67 million.
“As our second-quarter results demonstrate, the strength of our business model relies on diverse revenue sources, high-quality…