UMB FINANCIAL CORP

Listed Company

UMBFOCIK 0000101382NasdaqLarge AcceleratedNational Commercial BanksMissouriFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$702.40M

Total Assets

$73.09B

Equity

$7.69B

Shares Out

75.98M

Op. Cash Flow

$1.03B

Business

UMB FINANCIAL CORP is a financial holding company that provides banking services and asset-servicing to corporate, institutional and retail customers. It offers a full complement of banking products and services, including commercial and consumer lending, deposit and payment services, asset-management, trust, bankcard and cash-management services, as well as fund accounting, transfer agency and related services for mutual fund and alternative-investment groups. The company operates through three business segments: Commercial Banking, Institutional Banking and Personal Banking, and owns a national bank and nonbank subsidiaries. It serves commercial, retail, government and correspondent-bank clients primarily across the Midwestern and Southwestern United States and provides asset-servicing to clients globally.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Loans	2,415	1,613	1,400	810	619
Taxable interest	505	258	215	192	128
Tax-exempt interest	130	99	102	97	98
Total securities income	635	357	317	289	226
Federal funds and resell agreements	38	18	18	19	10
Interest-bearing due from banks	265	182	103	19	5
Trading securities	1	1	729,000	511,000	854,000
Total interest income	3,354	2,171	1,839	1,138	862
Deposits	1,337	982	704	168	26
Federal funds and repurchase agreements	109	107	93	41	7
Other	47	81	121	15	13
Total interest expense	1,492	1,170	919	224	—
Net interest income	1,862	1,001	920	914	816
Provision for credit losses	155	61	41	38	20
Net interest income after provision for credit losses	1,708	940	879	876	796
Trust and securities processing	343	291	257	237	224
Trading and investment banking	25	24	20	23	31
Service charges on deposit accounts	113	85	85	85	86
Insurance fees and commissions	910,000	1	1	1	1
Brokerage fees	80	62	54	43	12
Bankcard fees	114	88	75	73	65
Investment securities gains (losses), net	31	11	−3	58	5
Other	83	67	53	32	43
Total noninterest income	790	628	542	554	467
Salaries and employee benefits	884	594	553	524	504
Occupancy, net	74	48	49	49	47
Equipment	65	63	69	74	78
Supplies and services	29	15	17	14	15
Marketing and business development	46	28	26	26	19
Processing fees	173	118	103	82	68
Legal and consulting	92	46	30	39	32
Bankcard	50	44	33	26	19
Amortization of other intangible assets	94	8	9	5	5
Regulatory fees	29	32	77	15	12
Other	89	31	34	43	34
Total noninterest expense	1,623	1,027	999	898	834
Income before income taxes	875	541	422	532	429
Income tax expense	173	100	72	100	76
NET INCOME	702	441	350	432	353
Less: Preferred dividends	18	—	—	—	—
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS	685	441	350	—	—
Net income per common share - basic	9.35	9.05	7.22	8.93	7.31
Net income per common share - diluted	9.29	8.99	7.18	8.86	7.24
Dividends per common share	1.63	1.57	1.53	1.49	1.38
Weighted average common shares outstanding - basic	73	49	49	48	48
Weighted average common shares outstanding - diluted	74	49	49	49	49

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Loans	38,779	25,642	23,172	—	—
Allowance for credit losses on loans	−419	−259	−220	—	—
Net loans	38,360	25,383	22,953	—	—
Loans held for sale	2	3	4	2	1
Available for sale (amortized cost of $13,999,900 and $8,407,676, respectively)	13,709	7,774	7,069	7,006	11,977
Held to maturity, net of allowance for credit losses of $1,684 and $2,645, respectively (fair value of $5,250,465 and $4,748,938, respectively)	5,723	5,376	5,689	5,859	1,478
Trading securities	22	29	18	18	32
Other securities	676	471	493	350	327
Total securities	20,130	13,650	13,268	13,233	13,814
Federal funds sold and securities purchased under agreements to resell	1,548	545	245	959	1,216
Interest-bearing due from banks	6,941	7,986	5,160	1,179	8,842
Cash and due from banks	953	573	447	501	414
Premises and equipment, net	398	222	242	264	271
Accrued income	350	246	220	189	131
Goodwill	1,840	207	207	207	175
Other intangibles, net	487	64	71	79	14
Other assets	2,086	1,530	1,194	1,060	839
Total assets	73,094	50,410	44,012	38,512	42,693
Noninterest-bearing demand	17,143	13,617	12,131	13,260	16,343
Interest-bearing demand and savings	39,753	27,397	20,589	18,462	18,406
Time deposits under $250,000	1,935	969	2,293	379	404
Time deposits of $250,000 or more	1,826	1,159	781	538	448
Total deposits	60,657	43,142	35,793	32,639	35,600
Federal funds purchased and repurchase agreements	3,325	2,610	2,120	2,222	3,238
Long-term debt	474	385	383	381	272
Accrued expenses and taxes	435	368	390	240	249
Other liabilities	509	438	426	363	189
Total liabilities	65,401	46,943	40,911	35,845	39,548
Series B Fixed-Rate Reset Non-Cumulative Perpetual Preferred stock, $0.01 par value; 30,000 authorized, issued and outstanding	294	—	—	—	—
Common stock, $1.00 par value; 160,000,000 and 80,000,000 shares authorized; 78,665,809 and 55,056,730 shares issued, 75,960,675 and 48,814,177 shares outstanding, at December 31, 2025 and December 2024, respectively	79	55	55	55	55
Capital surplus	4,011	1,146	1,134	1,126	1,111
Retained earnings	3,736	3,175	2,811	2,536	2,177
Accumulated other comprehensive loss, net	−262	−573	−557	−703	126
Treasury stock, 2,705,134 and 6,242.553 shares, at cost, respectively	−165	−336	−343	−347	−323
Total shareholders' equity	7,694	3,467	3,100	2,667	3,145
Total liabilities and shareholders' equity	73,094	50,410	44,012	38,512	42,693

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net (accretion) amortization of premiums and discounts from acquisition	−140	4	1	—	—
Depreciation and amortization	142	53	59	54	56
Amortization of debt issuance costs	745,000	876,000	876,000	556,000	450,000
Deferred income tax expense (benefit)	83	−16	−20	−6	−13
Net decrease (increase) in trading securities and other earning assets	6	−10	−113,000	14	−10
(Gains) losses on investment securities, net	−31	−11	3	−58	−5
Losses (gains) on sales of assets	105,000	−3	−4	−3	−3
Amortization of securities premiums, net of discount accretion	−10	44	42	45	53
Originations of loans held for sale	−102	−87	−69	−48	−137
Gains on sales of loans held for sale, net	−3	−2	−2	−1	−5
Proceeds from sales of loans held for sale	105	91	68	48	148
Equity-based compensation	38	23	19	21	21
Accrued income	−29	−25	−31	−58	5
Accrued expenses and taxes	26	−20	148	−11	−52
Other assets and liabilities, net	83	−317	−133	301	102
Net cash provided by operating activities	1,027	225	473	770	534
Maturities, calls and principal repayments	627	458	424	460	199
Purchases	−508	−121	−227	−991	−665
Sales	647	19	22	0	373
Maturities, calls and principal repayments	1,662	7,384	1,204	1,115	1,744
Purchases	−4,743	−8,112	−1,162	−1,205	−5,080
Sales	22	—	—	46	79
Purchases	−602,000	−357,000	−277,000	−1	−6
Sales	52	35	6	194,000	14,000
Maturities, calls and principal repayments	15	72	335	172,000	3
Purchases	−132	−51	−405	−30	−78
Payment of tax equity investment commitments	−50	−71	−41	−36	—
Net increase in loans	−3,252	−2,416	−2,159	−3,952	−1,118
Net (increase) decrease in fed funds sold and resell agreements	−1,003	−300	713	258	434
Net cash activity from acquisitions and divestitures	169	−109	−793,000	549	18
Net decrease (increase) in interest-bearing balances due from other financial institutions	956	−32	43	−14	7
Net purchases of bank premises and equipment	−49	−20	−23	−52	−34
Purchases of bank-owned and company-owned life insurance	−36	—	−3	—	−100
Proceeds from bank-owned and company-owned life insurance death benefit	2	0	0	—	—
Net cash used in investing activities	−5,620	−3,263	−1,273	−3,845	−4,235
Net increase in demand and savings deposits	3,098	8,295	997	−3,636	8,573
Net increase (decrease) increase in time deposits	64	−946	2,156	65	−24
Net increase (decrease) in fed funds purchased and repurchase agreements	693	490	−103	−1,016	923
Proceeds from short-term debt	—	500	32,856	—	—
Repayment of short-term debt	—	−2,300	−31,056	—	—
Repayment from long-term debt	−200	—	—	—	—
Cash dividends paid	−136	−77	−74	−72	−67
Payment of common stock issuance costs	−524,000	−1	—	—	—
Proceeds from exercise of stock options and sales of treasury shares	1	5	2	2	19
Purchases of treasury stock	−18	−8	−8	−32	−6
Common stock issuance	235	—	—	—	—
Preferred stock issuance	294	—	—	—	—
Preferred stock redemption	−115	—	—	—	—
Net cash provided by financing activities	3,917	5,958	4,771	−4,581	9,418
(Decrease) increase in cash and cash equivalents	−677	2,920	3,970	−7,657	5,717
Income tax payments	63	77	79	102	93
Total interest payments	1,466	1,205	844	196	47
Acquisition of tax equity investments	62	63	86	58	—
Commitment to fund tax equity investments	62	63	86	58	—
Transfer of loans to other real estate owned	2	828,000	2	12	—
Transfer of loans to other repossessed assets	39,000	27	—	—	—
Stock based compensation as consideration for acquisition	20	—	—	—	—

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