KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — UMB Financial Corp. (UMBF) on Tuesday reported third-quarter profit of $109.6 million.
The Kansas City, Missouri-based bank said it had earnings of $2.23 per share. Earnings, adjusted for one-time gains and costs, were $2.25 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $2.16 per share.
The bank holding company posted revenue of $716.4 million in the period. Its revenue net of interest expense was $412.7 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $398.8 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UMBF at https://www.zacks.com/ap/UMBF