The holding company of UMB Bank said today earnings in the fourth quarter were up but down for the year.
Kansas City, Mo.-based UMB Financial Corp. said earnings for the quarter were 59 cents a share, up from 50 cents a share in the same quarter a year ago.
For 2009, earnings were $2.22 a share, down from $2.41 a share in 2008.
"In what proved to be another very challenging year for the industry, UMB remained focused, executed against our proven business model and delivered sound results," said Mariner Kemper, UMB Financial chairman and CEO, in a news release.
The company's assets were $11.6 billion at the end of 2009, up from $10.9 billion in 2008.