UMB Financial Earnings: What To Look For From UMBF
UMB Financial Earnings: What To Look For From UMBF

UMB Financial Earnings: What To Look For From UMBF

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UMB Financial Earnings: What To Look For From UMBF

Regional banking company UMB Financial (NASDAQ:UMBF) will be reporting results this Tuesday afternoon. Here’s what to look for.UMB Financial beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $563.8 million, up 41.4% year on year. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. This quarter, analysts are expecting UMB’s revenue to grow 62.8% year-on-year.

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Regional banking company UMB Financial (NASDAQ:UMBF) will be reporting results this Tuesday afternoon. Here’s what to look for.

UMB Financial beat analysts’ revenue expectations by 1.2% last quarter, reporting revenues of $563.8 million, up 41.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ net interest income estimates and an impressive beat of analysts’ EPS estimates.

Is UMB Financial a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting UMB Financial’s revenue to grow 62.8% year on year to $634.8 million, improving from the 7.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.37 per share.

UMB Financial Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. UMB Financial has missed Wall Street’s revenue estimates twice over the last two years.

Looking at UMB Financial’s peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Seacoast Banking delivered year-on-year revenue growth of 19.6%, beating analysts’ expectations by 5%, and Atlantic Union Bankshares reported revenues up 86.2%, topping estimates by 12.5%. Seacoast Banking’s stock price was unchanged after the resultswhile Atlantic Union Bankshares was down 1.9%.

Read our full analysis of Seacoast Banking’s results here and Atlantic Union Bankshares’s results here.

There has been positive sentiment among investors in the regional banks segment, with share prices up 4.3% on average over the last month. UMB Financial is up 2.8% during the same time and is heading into earnings with an average analyst price target of $124.64 (compared to the current share price of $108.12).

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Source: Finance.yahoo.com | View original article

Source: https://finance.yahoo.com/news/umb-financial-earnings-look-umbf-030146752.html

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