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Dec 31, 2024
UMB Financial Q4 2024 Earnings Report
UMB Financial reported fourth quarter net income and net operating income.
Key Takeaways
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.
GAAP net income was $120.0 million, or $2.44 per diluted share.
Net operating income reached $122.6 million, or $2.49 per diluted share.
Average loans increased by 14.8% on a linked-quarter, annualized basis, reaching $25.3 billion.
Average deposits increased by 30.9% on a linked-quarter, annualized basis, totaling $38.0 billion.
Revenue by Segment
Forward Guidance
UMB Financial Corporation is set to close its merger with Heartland Financial on January 31, 2025, pending necessary approvals.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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