Business
UMB Financial Corporation Reports Second Quarter 2025 Results
Second Quarter 2025 Financial Highlights GAAP net income available to common shareholders of $215.4 million, or $2.82 per diluted common share, an increase
About this update from Umb Financial Corporation
[{"type":"text","content":"\nSecond Quarter 2025 Financial Highlights\n\n\n\nGAAP net income available to common shareholders of $215.4 million, or $2.82 per diluted common share, an increase of 112.5% as compared to the second quarter of 2024.\n\n\n\nNet operating income available to common shareholders(i) of $225.4 million, or $2.96 per diluted common share, an increase of 112.9% as compared to the second quarter of 2024.\n\n\n\nOperating pre-tax, pre-provision (operating PTPP)(i) income of $309.2 million, compared to $233.3 million in the first quarter of 2025.\n\n\n\nSecond quarter 2025 return on average assets of 1.29% and return on average common equity of 12.7%.\n\n\n\nEfficiency ratio improved to 53.4% as compared to 63.4% in the second quarter of 2024.\n\n\n\nNet interest margin on a fully taxable equivalent basis of 3.10%, up 14 basis points from the linked quarter.\n\n\n\nAverage loans increased 12.7% on a linked-quarter basis to $36.4 billion; average loans increased $12.6 billion, or 52.9% as compared to the second quarter of 2024.\n\n\n\nNet interest income of $467.0 million, an increase of 17.4% on a linked-quarter basis.\n\n\n\nNoninterest income of $222.2 million, an increase of 33.7% from the linked quarter.\n\n\n\nNoninterest income included approximately $37.7 million in pre-tax gains from the company's investments in successful private entities, including $29.4 million from the company's investment in Voyager Technologies, Inc. (VOYG), which went public in June 2025.\n\n\n\nExpenses of $393.2 million included $13.5 million in acquisition-related costs, as well as $8.3 million of charitable contribution expense.\n\n\n\nEnd-of-period loans were $36.8 billion at June 30, 2025.\n\n\n\nAverage deposits increased 10.7% on a linked-quarter basis to $55.6 billion.\n\n\n\nEnd-of-period deposits were $60.0 billion at June 30, 2025.\n\n\n\nTotal assets at June 30, 2025 were $71.8 billion, up 61.4% from $44.5 billion as of June 30, 2024.\n\n\n\nSecond quarter net charge-offs improved to 17 basis points of average loans; nonperforming loans improved to 26 basis points of total loans, from 28 basis points at March 31, 2025.\n\n\n\nCompleted an underwritten public offering of Series B non-cumulative perpetual preferred stock during the second quarter that netted approximately $294.1 million in Tier 1 regulatory capital.\n\n\n\nSuccessfully integrate...