UMB Bank’s parent company reports mixed earnings
07/24/2013 8:18 AM
07/24/2013 8:19 AM
The holding company of UMB Bank said its second-quarter earnings were slightly higher than a year ago, but down for the first half of 2013.
UMB Financial said it earned $29.9 million in the second quarter of 2013, compared with $29.2 million in the same quarter last year.
For the first six months of 2013, the Kansas City, Mo.-based company said earnings were $64.9 million, down 14 percent from earnings of $75.5 million in the first half of 2012.
UMB Financial recorded declines in noninterest income for the first half of the year, according to its news release announcing the results.
Mariner Kemper, UMB Financial’s CEO, said in the release that loan balances at the company increased 19.5 percent in the quarter, marking 13 consecutive quarters of loan growth for the $15.2 billion holding company.
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