UMB Financial 47 Cent EPS Misses Estimates (UMBF)

Kansas City, Missouri-based UMB Financial Corporation UMBF released financial results on Wednesday morning that missed Wall Street earnings estimates. UMB Financial Corporation announced that its 4th quarter earnings fell 20.2% to $19.0 million, or 47 cents per share, down from $23.9 million, or 59 cents per share, a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 54 cents per share. Chairman and Chief Executive Officer Mariner Kemper said, “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.” UMB Financial Corporation (UMBF) finished the previous trading day at $42.89 per share. The consensus price target of analysts covering the company's stock is $42.00 per share. Read more from Benzinga's Company news.