KANSAS CITY, Mo. (AP) _ UMB Financial Corp. (UMBF) on Tuesday reported fourth-quarter net income of $156.3 million.

The bank, based in Kansas City, Missouri, said it had earnings of $3.24 per share. Earnings, adjusted for non-recurring costs, came to $3.26 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.48 per share.

The bank holding company posted revenue of $435.6 million in the period. Its revenue net of interest expense was $429.8 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $313.3 million.

For the year, the company reported profit of $286.5 million, or $5.93 per share. Revenue was reported as $1.32 billion.

UMB shares have climbed slightly more than 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $71.99, a rise of 11% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UMBF at https://www.zacks.com/ap/UMBF

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News