UMB Financial Sees Drop In First Quarter Earnings

UMB headquarters in Kansas City, Mo. Photo courtesy of Creative Commons

After record breaking profit records in 2012, Kansas City-based UMB Financial Corporation saw its first quarter revenue hit $34.9 million, or $0.88 a share for the first three months ending March 31.  That’s a 24.6 percent decrease since the same period last year, when UMB reported earnings of $46.4 million or $1.16 a share.

Chairman and CEO Mariner Kemper said the company has started the year with positive overall results, led by strong performance in its fee businesses.  UMB shares closed at $49.13 Tuesday.

Read more from the Kansas City Business Journal

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