UMB's earnings down in quarter, up for year

The holding company of UMB Bank ended 2010 with mixed earnings.

Kansas City, Mo.-based UMB Financial said today earnings for the fourth quarter 2010 were down $4.8 million from the year-ago quarter.

But for the year, the company saw a $1.5 million increase in net income to finish the year at $91 million.

In 2009, the company had earnings of $89.5 million.

"2010 marked another strong year with record revenue, strategic acquisitions, and consistency in earnings and balance sheet strength, demonstrating performance against our strategies as a diversified financial services company," said Mariner Kemper, UMB Financial's chairman and CEO, in a news release.