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UMB (UMBF) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

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For the quarter ended September 2023, UMB Financial (UMBF - Free Report) reported revenue of $362.16 million, down 1.8% over the same period last year. EPS came in at $2.02, compared to $1.82 in the year-ago quarter.

The reported revenue represents a surprise of -0.44% over the Zacks Consensus Estimate of $363.77 million. With the consensus EPS estimate being $1.76, the EPS surprise was +14.77%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how UMB performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net interest margin (FTE): 2.4% compared to the 2.4% average estimate based on three analysts.
  • Average balance - Total earning assets: $37.37 billion compared to the $38.87 billion average estimate based on two analysts.
  • Efficiency Ratio (GAAP): 64.5% versus the two-analyst average estimate of 64.5%.
  • Net loan (recoveries) charge-offs as a % of total average loans: 0.1% versus 0.2% estimated by two analysts on average.
  • Total noninterest income: $133.32 million compared to the $132.54 million average estimate based on three analysts.
  • Net interest income (FTE): $228.85 million compared to the $231.25 million average estimate based on three analysts.
  • Net Interest Income: $222.29 million versus the two-analyst average estimate of $222.78 million.
  • Trading and investment banking: $3.77 million compared to the $5.25 million average estimate based on two analysts.
  • Bankcard fees: $19.30 million versus $18.84 million estimated by two analysts on average.
  • Noninterest income- Other: $8.56 million compared to the $11.59 million average estimate based on two analysts.
  • Service charges on deposit accounts: $21.08 million versus $21.25 million estimated by two analysts on average.
  • Brokerage fees: $13.40 million compared to the $13.80 million average estimate based on two analysts.
View all Key Company Metrics for UMB here>>>

Shares of UMB have returned -2.9% over the past month versus the Zacks S&P 500 composite's -2.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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