UMB Financial Full Year 2024 Earnings: Beats Expectations

UMB Financial (NASDAQ:UMBF) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.57b (up 10% from FY 2023).
• Net income: US$441.2m (up 26% from FY 2023).
• Profit margin: 28% (up from 25% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$9.05 (up from US$7.22 in FY 2023).

UMBF Banking Performance Indicators

• Net interest margin (NIM): 2.51% (down from 2.52% in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

UMB Financial Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) also surpassed analyst estimates by 2.4%.

The primary driver behind last 12 months revenue was the Commercial Banking segment contributing a total revenue of US$745.6m (48% of total revenue). The largest operating expense was General & Administrative costs, amounting to US$883.8m (78% of total expenses). Explore how UMBF's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 7.5% growth forecast for the Banks industry in the US.

Performance of the American Banks industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with UMB Financial, and understanding it should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.