Business

January 29, 2014

UMB sees more profit in 2013

The holding company of UMB Bank said it ended 2013 with higher profit and deposits.

The holding company of UMB Bank said it ended 2013 with higher profit and deposits.

UMB Financial Corp. said in a news release that its net income in the fourth quarter was $34.7 million, compared with $21.1 million in the same quarter a year ago.

For the year, the Kansas City, Mo.-based company said net income was $134 million, a 9.2 percent gain from 2012 earnings of $122.7 million.

UMB Financial said deposits at the end of 2013 were $13.6 billion, compared with $11.7 billion at the end of 2012.

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