What guidance did UMB Financial's management provide for the next earnings period?

What is UMB Financial's gross profit margin?

What is UMB Financial's latest dividend and current dividend yield?

Did UMB Financial beat or miss consensus estimates last quarter?

What does UMB Financial do and what are its main business segments?

What factors drove the changes in UMB Financial's revenue and profit?

What is the market's earnings forecast for UMB Financial next quarter?

What were the key takeaways from UMB Financial’s earnings call?

- **Revenue Momentum**: 13% annualized loan growth, outpacing peers, with Heartland driving C&I expansion.\n- **Fee Growth**: Institutional businesses (trust, fund services) up 12.8% YoY, offsetting market volatility.\n- **Cost Efficiency**: Operating leverage expected in 2026; Q1 expenses ~$385M-$390M, with tax-related decline in Q2.\n- **Balance Sheet Strength**: Core NIM stable at 2.96%; deposit beta 76%, sustainable with flat rates.\n- **Strategic Focus**: Organic growth prioritized over M&A, with cautious openness to small deals.

**【CEO Summary Section】**
- Fourth-quarter revenue growth driven by 13% annualized loan growth, outpacing peers.\n- Heartland Financial acquisition contributed to 27% linked-quarter growth in C&I loans.\n- Credit quality metrics: Net charge-offs at 13 basis points, below long-term average of 27 basis points.\n- M&A strategy: Focus on organic growth; open to small tuck-in deals but cautious on large M&A.\n\n**【CFO Financial Commentary】**
- Net interest income: $522.5M, up 10% QoQ, benefiting from lower rates and index deposit repricing.\n- Noninterest income: Fee businesses (trust, fund services) grew 12.8% YoY, offsetting market-related variances.\n- Expense management: Operating leverage expected in 2026; Q1 expenses ~$385M-$390M, with $10M tax-related decline in Q2.\n- Margin outlook: Core NIM ~2.96%, stable with rate cuts; deposit beta 76%, sustainable if rates remain flat.\n\n**【Q&A Highlights】**
- Loan growth: 13% annualized, driven by C&I and franchise lending.\n- Deposit strategy: Focus on granular, low-cost deposits; $20B off-balance-sheet cash management to fund loans.\n- M&A lessons: Seamless Heartland integration; culture fit and operational continuity key.\n- Risk management: Proactive credit management; 3.9% linked-quarter NPLs, below industry median.

UMB Financial Corporation(UMBF)-20260128-2025 Q4 Earnings call transcript

- **Loan Growth Record**: Q3 loan production exceeds $2B, C&amp;I up 14% QoQ.
- **Fee Income Surge**: 12.4% QoQ growth driven by trust services and private wealth.
- **Credit Stability**: NPLs at 35bps, charge-offs near historical lows.
- **M&amp;A Strategy**: Acquiring deposits to fund loan growth, CET1 to 11% in 1-2Qs.
- **Margin Outlook**: Neutral in 2025, accretion benefits offset rate cuts.

**【CEO Summary Section】**
- Record gross loan production of over $2 billion, driven by organic growth and Heartland acquisition success, with C&amp;I loans growing 14% QoQ.
- Fee income increased 12.4% QoQ, led by trust services, investment banking, and private wealth.
- CET1 ratio improved to 10.7%, nearing pre-acquisition levels, with $0.43 dividend increase.

**【CFO Financial Commentary】**
- Net income $180.4M, excluding $35.6M acquisition costs, with $2.70 EPS.
- Fee income growth offset by higher deposit costs, with NIM 3.04% (2.78% core margin).
- Q4 expenses expected $375-380M, with $70M+ cost saves from Heartland on track.

**【Q&A Highlights】**
- Loan pipeline strength in legacy and HTLF markets, with 8% loan growth vs. peer median 5.5%.
- Credit quality stable, with NPLs at 35bps, charge-offs near historical lows.
- M&amp;A focus on deposits to fund loan growth, with CET1 expected back to 11% in 1-2Qs.
- Margins neutral in 2025, with accretion benefits offsetting rate cuts impact.

UMB Financial Corporation (UMBF) Q3 2025 Earnings Call Transcript

- **Record Financial Performance**: Q2 net income of $215.4 million, driven by $37.7 million in private investment gains and 12.7% YoY loan growth.
- **Strong Margin Expansion**: Core net interest margin up 8 basis points, with 10.7% deposit growth and stable funding costs.
- **Heartland Synergies**: $1.9 billion in loan production, 1/3 from Heartland; full conversion in mid-October to unlock further growth.
- **Credit Resilience**: Nonperforming loans at 26 basis points (10 basis points for legacy UMB), below industry median.
- **Capital Strength**: CET1 ratio of 10.39%, with $294 million in preferred stock issuance to rebuild capital post-acquisition.

**【Management Opening Remarks】**
- Reported net income available for common shareholders: $215.4 million, including $13.5 million in acquisition expenses.
- Excluding one-time items, net operating income was $225.4 million ($2.96 per share).
- Highlighted a $37.7 million pretax gain from private investments, including a 5.8x return on a $29.4 million Voyager Technologies investment.
- Core net interest margin expanded by 8 basis points, with average loans up 12.7% and deposits up 10.7% year-over-year.
- Loan pipeline remains strong at $1.9 billion in Q2, with C&amp;I, CRE, and residential mortgage growth.
- Nonperforming loans improved to 26 basis points (10 basis points for legacy UMB), below industry median of 0.50%.
- CET1 capital ratio increased to 10.39%, with $294 million in preferred stock issuance.

**【CFO Financial Commentary】**
- GAAP net income: $215.4 million; Non-GAAP EPS: $2.96 (excluding acquisition costs).
- Fee income growth: 10.4% in card fees, $3.5 million increase in trust and securities processing.
- Operating expenses: $380-385 million expected in Q3, driven by merit increases and incentive accruals.
- Deposit growth: Interest-bearing deposits up 11.9%, with cost stable at 3.34%.
- Margin guidance: Core net interest margin expected flat in Q3, with offsetting repricing and DDA seasonality.
- Preferred dividends: $7.9 million in Q3 (stub period), $5.8 million thereafter.

**【Q&A Highlights】**
- **Loan Growth**: Q2 gross production $1.9 billion, 12.7% YoY loan growth; Heartland contributing 1/3 of production, with pipeline strength in C&amp;I and CRE.
- **Expenses**: $124 million in acquisition cost saves; $17 million realized to date, remainder in Q4/Q1.
- **Heartland Integration**: Full conversion in mid-October; pilot conversion in MN completed smoothly.
- **Deposit Competition**: 45% of deposits indexed; 3360 products limit DDA impact, with mid-single-digit contractions expected in Q3.
- **Credit Quality**: Charge-offs near historical lows; Heartland NPLs improving, with legacy UMB at 13 basis points.
- **Investment Strategy**: Voyager gains to continue impacting fee income; $543 billion AUA in fund services, up 11% YoY.
- **Capital Deployment**: $10 billion in excess liquidity deployed to $5 billion; bond portfolio expected at $17 billion in Q3.

UMB Financial (UMBF)-30 Jul 25-2025 Q2 Earnings call transcript

- **Acquisition Synergies**: 27.8% loan growth, 32.3% deposits, and 55.6% efficiency ratio highlight successful Heartland integration.
- **NIM Expansion**: 2.75-2.80% Q2 guidance driven by cheaper deposits and $4.5M/day NII run rate.
- **Cost Savings**: $17M quarterly cost synergies (40%+ of $40M+ target) and $8M/month Heartland fee contribution.
- **Risk Management**: 8bps NPL ratio vs. 0.45% industry median, with clients managing tariff impacts short-term.
- **Capital Deployment**: $1.8B securities reinvestment at +100-125bps, with $15B cash to deploy in 3-6 months.
- **Pipeline Strength**: 8.3% legacy UMB loan growth vs. 3.3% peers, with Q2 pipeline at record levels.


**【CEO Summary Section】**
- Acquired Heartland Financial with $14B deposits and 13-state branch expansion, achieving 27.8% linked-quarter loan growth and 32.3% deposit growth.
- Net interest margin (NIM) expanded due to cheaper deposits, with operating efficiency ratio improving to 55.6% and ROA at 1.14%.
- Organic loan growth outpaced peers (8.3% vs. 3.3% median), driven by market share gains and strong pipeline.
- Asset quality maintained with legacy UMB charge-offs at 10bps and NPL ratio at 8bps, below industry median of 0.45%.
- Fee income boosted by Heartland's wealth management and card activity, with credit/debit card spend up 18.6% YoY.
- Risk management focus amid tariff uncertainty, with clients currently able to pass costs, though long-term risks remain.

**【CFO Financial Commentary】**
- Q1 net operating income: $168.9M ($2.58 EPS), excluding $62.1M day-one provisioning and $54.2M merger costs.
- GAAP net income: $62.1M; Non-GAAP EPS: $1.08, exceeding expectations.
- Operating expenses: $330.5M, including $15.6M intangible amortization; on track for $17M quarterly cost synergies.
- Effective tax rate: 12.6% (one-time $5M benefit), expected 19-20% for 2025.
- NIM guidance: 2.75-2.80% for Q2, driven by Heartland's DDA growth and accretion.
- Fee income: $166.2M, with Heartland contributing $17M/month; core UMB fees stable at $154M.
- Capital deployment: $1.8B in securities maturing at 3.22%, reinvesting at +100-125bps.

**【Q&A Highlights】**
- **NII Trajectory**: $4.5-5M/day run rate, +$8M/month from Heartland fees, and $17M cost savings (2/3 captured in Q1).
- **Loan Growth Pipeline**: Strong Q2 pipeline, 8.3% linked-quarter legacy UMB growth vs. 3.3% peer median.
- **Expense Savings**: 40%+ of $40M+ cost synergies achievable in 2025, with $17M quarterly savings.
- **Tariff Impact**: Clients currently passing costs, but long-term uncertainty could affect 2026.
- **Credit Quality**: Heartland charge-offs normal post-acquisition cleanup; combined portfolio expected to meet UMB's 27bps+ charge-off target.
- **Balance Sheet Management**: $15B cash position to be deployed in 3-6 months, targeting higher-yielding securities.
- **M&A Appetite**: Focused on integrating Heartland, but maintaining relationships for future deals.
- **Card Business Growth**: Heartland adds $500M/month card spend, legacy UMB up 18.6% YoY.


UMB Financial Corporation (UMBF) Q1 2025 Earnings Call Transcript

- **Record Financial Performance**: 2024 operating income of $461.7M, Q4 EPS of $2.44, and 8.7% NII growth highlight strong execution.
- **Exceptional Loan Growth**: 14.8% annualized loan growth vs. industry median 3.1%, driven by C&I, CRE, and consumer real estate.
- **Deposit Strength**: 31% annualized deposit growth, including 48% DDA expansion, underpins margin stability.
- **Acquisition Synergies**: $27.5M cost savings target, with 40% ($11M) achievable in 2025, supporting EPS accretion.
- **Credit Quality**: 10-year NPL ratio of 0.38% vs. 0.92% peers, with 2024 net charge-offs of just 10bp.
- **Rate Resilience**: Liability-sensitive balance sheet benefits from higher-for-longer rates, with $1.5B of accretive securities roll-offs.


**【CEO Summary Section】**
- UMB reported record 2024 annual operating income of $461.7 million, with Q4 GAAP earnings of $120 million ($2.44 EPS). Net interest income grew 8.7% Q/Q, driven by a 11bp net interest margin expansion and 14.8% annualized loan growth.
- Loan production reached $1.6 billion in Q4, with C&I, CRE, and consumer real estate all contributing. Nonperforming loans remained stable at 8bp, with a 10-year average NPL ratio of 0.38% vs. 0.92% for peers.
- Total deposits grew 31% annualized, including 48% growth in DDA balances to $10.6 billion. Fee income hit $628.1 million, driven by 12b-1 fees, trust services, and private wealth growth (+75% in 2024).
- Capital levels remain strong with CET1 ratio of 11.29%, and $232 million forward equity offering expected to settle in Q1 2025.

**【CFO Financial Commentary】**
- Net interest margin expanded 11bp to 2.57%, benefiting from 31bp deposit repricing offset by 16bp loan repricing. Noninterest income of $265.2 million included $4.1 million gain from UMB Distribution Services sale.
- Operating expenses of $274 million included $3.7 million merger costs. Normalized Q4 expenses of $250 million reflect $15.4 million increase in incentive accruals due to strong performance.
- Effective tax rate of 18.5% for 2024 is expected to rise to 20-24% in 2025 due to HTLF acquisition.

**【Q&A Highlights】**
- **Heartland Integration**: $2 billion of HTLF securities sold pre-close, with remaining balance sheet delevered. ACL coverage will increase post-merger. 40% of $27.5 million cost savings expected in 2025, with full realization by 2026.
- **Loan Growth**: UMB's 2024 loan growth of 8% vs. industry median 3.1%. HTLF's Q4 loan decline due to noncore credit resolution, but UMB expects to offset through expanded salesforce reach.
- **Expense Management**: $250 million normalized run rate for UMB, with $320-330 million combined Q1 2025 expenses including HTLF's $110 million base.
- **Rate Environment**: Liability-sensitive balance sheet benefits from higher-for-longer rates. $1.5 billion of securities rolling off at 2.62% yields to be reinvested at higher rates.
- **Fee Growth**: Trust assets under admin up 18% YoY to $526 million, CLO pipeline strong, and HSA accounts grow 11% CAGR since 2014.


Actual											-0.04	1.33	1.59	3.26	1.91	1.8	1.95	1.62	2.17	1.8836	1.82	2.07	1.91	1.93	2.02	2.29	2.47	2.16	2.25	2.49	2.58	2.96	2.7	3.08
Forecast											0.87	0.37	1.0183	1.3167	1.4783	1.752	1.798	1.8577	1.666	1.896	2.152	2.002	1.864	1.926	1.774	1.764	1.803	2.0107	2.1991	2.2611	2.1948	2.3749	2.4994	2.7
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-104.60%	+259.46%	+56.14%	+147.59%	+29.20%	+2.74%	+8.45%	-12.80%	+30.25%	-0.65%	-15.43%	+3.40%	+2.47%	+0.21%	+13.87%	+29.82%	+36.99%	+7.43%	+2.31%	+10.12%	+17.55%	+24.64%	+8.03%	+14.07%

UMBF

UMBF fundamentals

UMBF Q4 2025 Earnings

Earnings Call

You can ask Aime

UMBF

UMBF fundamentals

UMBF Q4 2025 Earnings

Earnings Call

UMBF Earnings Call Summary for Q4/20259:30 AM on Jan 28, 2026

UMBF Earnings Call Summary for Q3/20259:30 AM on Oct 29, 2025

UMBF Earnings Call Summary for Q2/20259:30 AM on Jul 30, 2025

UMBF Earnings Call Summary for Q1/20259:30 AM on Apr 30, 2025

UMBF Earnings Call Summary for Q4/20249:30 AM on Jan 29, 2025

You can ask Aime