UMB Financial Earnings Reports

Net income rose to $215.4 million and EPS reached $2.82, driven by strong loan growth, improved margins, and higher noninterest income including gains from investments.

UMB Financial Corporation reported significant increases in net income, revenue, and assets in the first quarter of 2025, largely driven by the acquisition of Heartland Financial. While GAAP net income and EPS decreased compared to the previous year, operating metrics showed strong improvement, and the merger positively impacted net interest margin and deposit growth.

UMB Financial Corporation reported a strong fourth quarter in 2024, with net income reaching $120.0 million, or $2.44 per diluted share, and net operating income of $122.6 million, or $2.49 per diluted share. The quarter was marked by significant increases in average loans and deposits, alongside strong credit quality and disciplined expense management. The company also highlighted its upcoming merger with Heartland Financial, slated for January 31, 2025.

UMB Financial Corporation reported a solid financial performance in Q3 2024, with a net income of $109.6 million, or $2.23 per diluted share, compared to $96.6 million, or $1.98 per diluted share, in the third quarter of 2023. Net operating income was $110.4 million, or $2.25 per diluted share, compared to $98.4 million, or $2.02 per diluted share, for the third quarter of 2023. The company saw increases in fee income and loan growth, though net interest margin decreased slightly.

UMB Financial Corporation reported a net income of $101.3 million for the second quarter of 2024, an increase compared to the second quarter of 2023 ($90.1 million) but a decrease compared to the linked quarter ($110.3 million). Average loans increased by 7.3% year-over-year to $23.8 billion, and average deposits increased by 9.1% to $34.3 billion. Credit quality remained strong, with net charge-offs at 0.05% of average loans.

UMB Financial Corporation reported a strong start to 2024, with net income of $110.3 million, or $2.25 per diluted share, and net operating income of $120.7 million, or $2.47 per diluted share. The company saw growth in average loans and deposits, as well as an increase in net interest income and noninterest income.

UMB Financial Corporation reported a net income of $70.9 million, or $1.45 per diluted share, for the fourth quarter of 2023. The results include a pre-tax expense of $52.8 million for the industry-wide FDIC special assessment. Net operating income was $112.0 million, or $2.29 per diluted share.

UMB Financial Corporation reported a net income of $96.6 million, or $1.98 per diluted share, for the third quarter of 2023. The results were driven by strong loan growth, stable deposits and solid asset quality.

UMB Financial Corporation reported a net income of $90.1 million for the second quarter of 2023, a decrease compared to both the previous quarter and the same quarter last year. The results were impacted by higher interest expenses, although average loans increased and credit quality remained strong.

UMB Financial Corporation reported a strong first quarter, with net income of $92.4 million, or $1.90 per diluted share. Average loans increased 19.3%, and average deposits grew 2.4% on a linked-quarter, annualized basis. Credit quality remained strong, with net charge-offs of just 0.09% of average loans.

UMB Financial Corporation reported a net income of $100.2 million, or $2.06 per diluted share, for the fourth quarter of 2022, compared to $78.5 million, or $1.61 per diluted share, in the fourth quarter of 2021. The company's revenue increased 14.4% over the prior year to $1.5 billion, driven by growth in average loans, deposits, and noninterest income.

UMB Financial Corporation reported a net income of $88.0 million for the third quarter of 2022, with earnings per diluted share at $1.81. The results reflect strong loan growth and revenue growth, offset by increased deposit costs.

UMB Financial Corporation reported a strong second quarter with net income of $137.6 million, or $2.83 per diluted share. The results were driven by a 23.3% linked-quarter annualized increase in average loans excluding PPP, strong net interest margin expansion, and continued momentum in fee income businesses.

UMB Financial Corporation reported a net income of $106.0 million for the first quarter of 2022, or $2.17 per diluted share. This compares to $92.6 million, or $1.91 per diluted share, in the first quarter of 2021. The company's results reflect robust growth on both sides of the balance sheet, strong asset quality metrics, and sustained momentum in fee income businesses.

UMB Financial Corporation reported a net income of $78.5 million for the fourth quarter of 2021, or $1.61 per diluted share. The results reflect strong growth on both sides of the balance sheet and continued build-out of differentiated fee generation businesses.

UMB Financial Corporation reported a net income of $94.5 million for the third quarter of 2021, compared to $73.1 million in the third quarter of 2020. Excluding PPP, average loans increased 15.3% on a linked quarter annualized basis. Asset quality remained strong, with net charge offs of just seven basis points and a $5.0 million reduction in provision for credit losses. Total revenue increased 9.8% compared to 2020.

UMB Financial Corporation reported a net income of $87.4 million for the second quarter of 2021, with earnings per diluted share at $1.79. The results reflect an increase compared to the second quarter of 2020, driven by growth in average loans and deposits, and an increase in noninterest income. The board of directors also announced a 15.6% increase in the quarterly cash dividend.

UMB Financial Corporation reported a net income of $92.6 million, or $1.91 per diluted share, for the first quarter of 2021. The results were driven by strong balance sheet growth, robust fee income, and solid asset quality metrics.

UMB Financial Corporation reported a strong fourth quarter with net income of $156.3 million, driven by an increase in noninterest income and solid credit quality.

UMB Financial Corporation reported a net income of $73.1 million, or $1.52 per diluted share, for the third quarter of 2020. This compares to $60.5 million, or $1.26 per diluted share, in the second quarter of 2020 and $62.4 million, or $1.27 per diluted share, in the third quarter of 2019. Pre-tax, pre-provision income was $99.4 million for the third quarter of 2020, compared to $90.2 million for the linked quarter, and $80.5 million for the third quarter of 2019.

UMB Financial Corporation reported a strong second quarter with net income of $60.5 million, or $1.26 per diluted share. Total revenue increased by 9.7% to $298.7 million, and average deposits grew to $22.8 billion. The company also added $1.5 billion in loans under the Paycheck Protection Program.

UMB Financial Corporation reported a net loss of $3.4 million for Q1 2020, primarily due to the adoption of a new accounting standard and increased provision expense related to the COVID-19 crisis. Excluding these impacts, pre-tax pre-provision income increased by 5.6 percent compared to the linked quarter.

UMB Financial Corporation reported income from continuing operations for the fourth quarter of 2019 of $66.5 million, or $1.35 per diluted share, representing an increase of 6.6 percent on a linked-quarter basis and an increase of 161.3 percent compared to the fourth quarter of 2018. The company capped off a strong year of financial performance, reporting record earnings in 2019, with income from continuing operations of $66.5 million, an increase of 6.6 percent compared to the third quarter.