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UMB Financial Corporation Reports First Quarter 2025 Results
First Quarter 2025 Financial Highlights On January 31, 2025, UMB Financial Corporation completed its merger with Heartland Financial USA, Inc. GAAP net
About this update from Umb Financial Corporation
[{"type":"text","content":"\nFirst Quarter 2025 Financial Highlights\n\n\nOn January 31, 2025, UMB Financial Corporation completed its merger with Heartland Financial USA, Inc.\n\n\nGAAP net income available to common shareholders of $79.3 million, or $1.21 per diluted common share.\n\n\nNet operating income available to common shareholders(i) of $168.9 million, or $2.58 per diluted common share.\n\n\nOperating pre-tax, pre-provision (operating PTPP)(i) income of $233.3 million, compared to $157.5 million in the first quarter of 2024.\n\n\nNet interest margin on a fully taxable equivalent basis of 2.96%, up 39 basis points from the linked quarter.\n\n\nEfficiency ratio of 65.19% due to merger-related nonrecurring charges; operating efficiency ratio(i) of 55.56% improved from 61.12% in the prior quarter and 60.04% in the first quarter of 2024.\n\n\nAverage loans increased 27.8% on a linked-quarter basis to $32.3 billion; Average loans increased $9.0 billion, or 38.3% as compared to the first quarter of 2024.\n\n\nEnd-of-period loans were $35.9 billion at March 31, 2025.\n\n\nAverage deposits increased 32.3% on a linked-quarter basis, to $50.3 billion.\n\n\nEnd-of-period deposits were $58.5 billion at March 31, 2025.\n\n\n(i) A non-GAAP financial measure reconciled later in this release to the nearest comparable GAAP measure.\n\n KANSAS CITY, Mo.--(BUSINESS WIRE)--\nUMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income available to common shareholders for the first quarter of 2025 of $79.3 million, or $1.21 per diluted share, compared to $120.0 million, or $2.44 per diluted share, in the fourth quarter (linked quarter) and $110.3 million, or $2.25 per diluted share, in the first quarter of 2024.\n\nOn January 31, 2025, UMBF completed its previously announced acquisition of Heartland Financial, USA, Inc. (HTLF). The acquisition added assets with a fair value of approximately $17.9 billion, $9.8 billion of loans, net of the allowance for credit losses, and $14.3 billion of deposits. The combined company retains its #1 deposit market share in Missouri and now ranks in the top 10 in Colorado, New Mexico, Kansas, and Arizona.\n\nNet operating income available to common shareholders, a non-GAAP financial measure reconciled later in this release to net income available to common shareholders, the nearest comparable GAAP measu...