Business News: UMB Financial Corporation Reports Earnings of $196.3 Million for the Full-Year 2018

Business News: UMB Financial Corporation Reports Earnings of $196.3 Million for the Full-Year 2018

KANSAS CITY, MO – Jan. 30, 2019 – UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced results for the fourth quarter and year ended December 31, 2018.

“Results for the fourth quarter 2018 included 8.5 percent annualized average loan growth, 9.9 percent deposit growth and margin expansion of six basis points on a linked-quarter basis,” said Mariner Kemper, chairman and chief executive officer.  “However, our results for the quarter were significantly impacted by the charge off of a single $48.1 million factoring relationship. 

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