UMB Financial Profit Rises - Quick Facts

(RTTNews) - UMB Financial Corp. (UMBF) Tuesday reported second-quarter net income of $29.9 million or $0.74 per share, compared with $29.2 million or $0.72 per share last year.

Analysts polled by Thomson Reuters estimated earnings of $0.74 per share for the quarter.

Net interest income for the quarter increased 2.4 percent year-over-year to $82 million from $80 million, and non interest income was up 3 percent at $113.5 million.

Analysts estimated revenues of $203.40 million for the quarter.

Net interest margin for the quarter slid 26 basis points year-over-year to 2.56 percent.

Meanwhile, provision for loan losses in the quarter edged down to $5 million from $4.5 million in the prior year.

Non interest expenses were higher at $150 million, compared with $144.7 million last year.