Umb Financial Corporation · NASDAQ:UMBF
Umb Financial — Q3 2026 Earnings Presentation
53 slides from Umb Financial's earnings presentation, Oct 27, 2026
Slide 1: 3rd Quarter 2026 Update
3rd Quarter 2026 Update October 27, 2026
Slide 2: Presentation Index
Presentation Index Corporate Overview & Investment Thesis 3rd Quarter 2026 Results Long-Term Performance Trends Appendix 3 11 28 38 46 Board of Directors Forward-Looking Statements Non-GAAP Reconciliations Please refer to the Forward-Looking Statements on slide 48 for important disclosures about inf
Slide 3: Corporate Overview
Corporate Overview Asset-based lending Healthcare Services National Presence International Presence UMBF Trust & Agency Services – Dublin, Ireland Specialized Lending Verticals Corporate Trust Capital Markets (5) Fund Services Private Wealth Management & Personal Trust 192 banking centers (4) 360 AT
Slide 4: Business Model: Our Diverse Foundation
Business Model Our Diverse Foundation Commercial & Personal Banking Services 3Q‘26 Revenue: $565.4 million; 3Q‘26 Average Deposits: $40.3 billion Average loans: $4.8B (1) (2) Average deposits: $13.4B Retail deposit and lending services through 192 banking centers (3) and online Private banking servi
Slide 5: Investment Thesis
Investment Thesis Opportunity in Our Diverse Business Model Track record of strong loan growth – opportunities remain Underpenetrated across our geographic footprint, focused on market share gains Underpenetrated vertically on an asset class basis; built out specialized teams Opportunity to leverage
Slide 6: Beyond Financials: Our Culture
Beyond Financials Our Culture Our Values Our Commitment Our Vision the unparalleled customer experience Customers First We do the unparalleled to create an environment that consistently exceeds the expectations of our customers. Integrity & Trust We demonstrate our uncompromising honesty and integri
Slide 7: Beyond Financials: Our Commitment to Corporate Citizenship
Beyond Financials Our Commitment to Corporate Citizenship Read our full Corporate Citizenship Report at UMB.com/ESGreport Our programs reinforce our values of doing the right thing, supporting our associates and communities, and providing the unparalleled customer experience. Supporting inclusive, e
Slide 8: Purchase Accounting Update
Purchase Accounting Update Dubuque, IA
Slide 9: HTLF Acquisition Accounting Impacts
HTLF Acquisition Accounting Impacts (1) Loan amounts recognized for 3Q’26 include $9.0mm in accelerated accretion from early payoffs of acquired loans and $19.3mm in contractual mark accretion on loans; Total life-to-date = $69.0mm from accelerations and $185.2mm in contractual loan accretion; (2) 1
Slide 10: Projected Contractual Accretion
Projected Contractual Accretion $164.2 million recognized in 2025; $120.0 million recognized YTD 2026 Includes accretion on acquired loans, securities, time deposits and borrowings Projections are updated quarterly, assume no prepayments and are subject to change $ in millions
Slide 11: 3rd Quarter 2026 Financial Review
3rd Quarter 2026 Financial Review
Slide 12: 3Q 2026 Highlights – Income Statement
3Q 2026 Highlights – Income Statement (1) Net interest income-FTE, operating noninterest expense and net operating income and EPS available to common shareholders are non-GAAP measures, reconciled on slides 49 and 50. $ in millions, except per share amounts 2Q ’26 3Q ’26 3Q ’25 Linked-Quarter Varian
Slide 13: 3Q 2026 Highlights – Balance Sheet & Credit
3Q 2026 Highlights – Balance Sheet & Credit $ in millions 2Q ’26 3Q ’26 3Q ’25 Linked-Quarter Variance & Commentary
Slide 14: 3Q 2026 Net Income
3Q 2026 Net Income $363.7 $380.1 $373.0 $293.4 $329.1 Dollars in millions, except per share amounts. (1) Net operating income available to common shareholders is a non-GAAP measure, reconciled on slide 49; (2) Operating PTPP income and EPS is a non-GAAP measure, reconciled on slide 50; (3) Net gains
Slide 15: Revenue Trends
Revenue Trends $ in millions Linked-Quarter $ ∆ % ∆ 3Q ’26 2Q ’26 3Q ’25 4Q ’25 1Q ’26 Note: Columns may not sum due to rounding differences.
Slide 16: Net Interest Income & Margin
Net Interest Income & Margin NII, ex. PAA NII from PAA Reported NIM NIM ex. PAA $532.5 $540.0 $475.0 $522.5 $534.4 $ in millions 3.10% 2.78% 2.96% 3.05% 3.09% 3Q ’25 4Q ’25 1Q ’26 2Q ’26 3Q ’26 $ in millions
Slide 17: Noninterest Income
Noninterest Income Fee Income / Revenue Peer Median Fee Income / Revenue (1) (1) UMB peers (14 banks), data as of latest available quarter; Source: S&P Capital IQ. Peer group defined on slide 53. Investment Securities Gains (Losses) Brokerage Fees Trust / Securities Processing Bankcard Fees Trading
Slide 18: Noninterest Expense
Noninterest Expense Note: Columns may not sum due to rounding differences. (1) Operating noninterest expense is a non-GAAP metric, reconciled on slide 50. Linked-Quarter Commentary 3Q ’25 4Q ’25 1Q ’26 2Q ’26 3Q ’26 GAAP expense; $ in millions Linked-Quarter $ ∆ % ∆ Noninterest expense decreased $0.
Slide 19: Diversified Loan Portfolio
$ 37,139 $ 38,344 $ 39,383 $ 40,624 Diversified Loan Portfolio $ 41,750 3Q ’25 2Q ’26 3Q ’26 Linked-Quarter $ ∆ California: 3% Greater MO: 3% Wisconsin: 2% Illinois: 2% Kansas: 1% New Mexico: 1% Iowa: 1% Minnesota: 1% Oklahoma: 1% Nebraska: 1% Smaller Regions: Loans Across Our Footprint Avg. balance
Slide 20: Quarterly Loan Activity
Quarterly Loan Activity 3Q ’26 2Q ’26 3Q ’25 4Q ’25 1Q ’26 $ in millions
Slide 21: Strong Asset Quality
Strong Asset Quality Dollars in millions. (1) Delinquencies represent accruing loans > 30 days past due. Net Loan Charge-Offs (Recoveries) Delinquencies (1) Nonperforming Loans Allowance for Credit Losses on Loans Allowance for Credit Losses on Loans ACL / Total Loans Net Charge-offs NCOs / Average
Slide 22: Detailed Net Charge-Off History
Detailed Net Charge-Off History Recent Quarterly Trends Annual 2009 2010 2008 2004 2005 2006 2007 2011 2012 2013 2014 2019 2020 2018 2015 2016 2017 2021 2022 2023 2024 3Q ’26 2Q ’26 3Q ’25 4Q ’25 1Q ’26 2025
Slide 23: High-Quality Investment Portfolio
Available-for-Sale (1) High-Quality Investment Portfolio $13,613 $13,541 $13,305 $12,815 $5,697 $5,697 $5,691 $5,712 Average balances - $ in millions Average Blended Yield Treasuries Corp. & Commercial Paper GNMA/GSE Mortgage-Backed GSE Agencies General Obligation Municipals Collateralized Loan Obli
Slide 24: Securities Portfolio Statistics
Securities Portfolio Statistics Amortized Cost Fair Value Net Unrealized Loss $ in millions; as of 09/30/26 Note: Columns may not sum due to rounding differences. (1) Purchase activity, cash flow and duration excludes HTM industrial revenue bonds; (2) Total portfolio yield is influenced by roll-off
Slide 25: Diversified Deposit Mix
Diversified Deposit Mix $57,574 $58,221 $56,764 $57,554 Commercial Personal Institutional Commercial Banking 46% Consumer & Private Wealth 23% Capital Mkts & Corp. Trust 10% Healthcare Services 5% Asset Servicing 10% Investor Solutions 6% 26% 24% 24% 26% $57,585 Deposits by Line of Business Interest
Slide 26: Interest Rate Sensitivity
Interest Rate Sensitivity Increase / decrease based on hypothetical rate changes and stable balance sheet Projected rates for new loans and deposits based on historical analysis, management outlook and repricing strategies Asset prepayments and other market risks developed from industry estimates of
Slide 27: Capital & Liquidity Position
Capital & Liquidity Position As of September 30, 2026 $ in billions CET 1 Total Capital Tier 1 Leverage Tangible Common Equity Ratio (1) 7.55% Total Common Equity / Total Assets 10.42% 6.50% 10.00% 5.00% (1) Tangible common equity and tangible common equity ratio are non-GAAP measures, reconciled on
Slide 28: Line of Business Updates
Line of Business Updates Wickenburg, AZ
Slide 29: Commercial Banking
Commercial Banking Commercial Capabilities Investment Real Estate Industrial Multi-family Office Retail Hotel Student Housing Agribusiness Asset-based Lending Energy Lending Lending Verticals C&I Lending Owner-Occupied CRE Middle Market Working capital lines Equipment loans Business Banking Practice
Slide 30: Commercial Banking: C&I Lending
Commercial Banking C&I Lending C&I loans of $19.7B as of 09/30/26 = 46.4% of UMB loans Includes Middle Market, Specialized Verticals and Small / Medium Business NDFI = $3.2B; 8% of total loans Comprised of clients with diversified holdings & strong credit structures Low leverage at the fund level &
Slide 31: Commercial Banking: Commercial Real Estate
Commercial Banking Commercial Real Estate Mixed Use 1-4 Unit Rentals Vacant Land Other (3) Investment CRE & Construction Portfolio $10.6B = 25.0% of total UMB loans Average Loan-to-Value: 57% Loans with Recourse: 84% Investment Real Estate Rate Type: Fixed – 25% Variable – 75% End-of-period balances
Slide 32: Personal Banking: Consumer
Personal Banking Consumer Growth engine for new customers; deepening existing relationships Private Banking Strategically positioned for sales growth Retail Banking Hybrid Service & Sales Model – Provides broad products and services to meet diverse client needs 192 Banking Centers (3) 360 ATMs $4.0B
Slide 33: Personal Banking: Private Wealth Management & Private Investments
Personal Banking Private Wealth Management & Private Investments Composition as of 09/30/26. (1) Includes Assets Under Management and Under Administration; (2) Data is in arrears; as of 06/30/26. Private Wealth Customer Assets Wealth Management Financial planning Discretionary investment management
Slide 34: Institutional Banking: Asset Servicing & Custody
Institutional Banking Asset Servicing & Custody $622B $553B $545B $565B $619B Assets Under Administration / Custody (1) (1) Asset categories sum > total AUA due to shared client assets; (2) Represents growth in trust & securities processing income; (3) With Intelligence ’19, ’20, ’22, ‘23 and ’25; (
Slide 35: Institutional Banking: Corporate Trust & Capital Markets
Institutional Banking Corporate Trust & Capital Markets Corporate Trust Provides trustee, paying agent and escrow services to municipal and corporate issuers nationwide. Specialty Trust & Agency Solutions Services for asset-backed securitizations, aviation and other transportation and real estate pr
Slide 36: Institutional Banking: Investor Solutions & Healthcare Services
FDIC Sweep Assets Under Administration $43B Institutional Banking Investor Solutions & Healthcare Services Investor Solutions Annual ACH Transactions Healthcare Services Provides a suite of tax-advantaged benefit accounts including Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), H
Slide 37: Payments: Credit & Debit Card Products
Payments Credit & Debit Card Products Purchase volume in billions; interchange in millions. (1) Rank in commercial, consumer & small business cards among top 50 Visa & Mastercard issuers in 2025. Source: Nilson Report, confirmed May 2026. Card Purchase Volume & Interchange Trends 23rd in U.S. Credit
Slide 38: Long-Term Annual Performance Trends
Long-Term Annual Performance Trends
Slide 39: Differentiated Revenue Profile
Differentiated Revenue Profile Multiple Sources of Growth Net Interest Income Fee Income Provides Diversity 33% 57% 30% $ 1,283 $1,291 $1,468 $613 $1,462 $731 $588 $778 $671 $825 $879 $983 $849 $1,012 $971 $1,098 Total Revenue 20 Year CAGR 9.4% Revenue Growth Annual NII Growth Annual Revenue Growth
Slide 40: Balance Sheet Growth Across All Business Cycles
7% Balance Sheet Growth Across All Business Cycles Average Loans (1) Average annual balance in billions. (1) Loan balances exclude PPP loans for ’20 – ’22. (2) ‘25 reflects acquisition of Heartland Financial; (3) UMB peers (14 banks), as of latest available annual period. Source: S&P Capital IQ. Ave
Slide 41: Resilient Credit Metrics Through All Economic Environments
Resilient Credit Metrics Through All Economic Environments Net Charge-Offs / Average Loans Nonperforming Loans / Loans Industry (2) UMBF Peer Median (1) Industry (2) UMBF Peer Median (1) (1) UMB peers (14 banks), as of latest available annual period. Source: S&P Capital IQ; (2) All FDIC-insured bank
Slide 42: Capital & Liquidity Supports Growth Outlook
Capital & Liquidity Supports Growth Outlook UMBF Peer Median (1) UMBF Peer Median (1) UMBF Peer Median (1) (1) UMB peers (14 banks), as of latest available annual period. Source: S&P Capital IQ; (2) Tangible equity and tangible assets are non-GAAP measures, reconciled on slide 51; (3) As defined by
Slide 43: Risk-Adjusted Returns
Risk-Adjusted Returns Rowing Close to Shore UMBF Peer Median (1) (1) UMB peers (14 banks), data as of latest available annual period. Source: S&P Capital IQ; (2) The numerator for the calculation of Return on Risk-Weighted Assets is GAAP net income, which included expenses related to the FDIC specia
Slide 44: Dividend Trends
4Q ’26 = $0.50 Dividend Trends Sustained Growth (1) Based on declaration date; dividends adjusted for a 2-for-1 stock split in May 2006. There have been no additional stock dividends or stock splits. Common Dividends Declared (1) FY ’26 = $1.86 +14.1% vs. 2025 +304.3% annually 2006 – 2026
Slide 45: Outperformance Building Long-Term Value
Outperformance Building Long-Term Value 20-Year Compounded Annual Growth Rates 2005 – 2025 UMBF KRX (2) Industry (4) Peer Median (3) Diluted Earnings Per Share Tangible Book Value Per Share (1) (1) Tangible book value per common share is a non-GAAP measure, reconciled on slide 52; (2) KBW Nasdaq Reg
Slide 46: Appendix
Appendix UMB BANK Colorado Springs, CO
Slide 47: Governance: Our Board of Directors
Governance Our Board of Directors AC = Audit Committee; CC = Compensation Committee; GC = Governance Committee; RC = Risk Committee Advisory Directors Mariner Kemper Chairman of the Board Margaret Lazo CC, RC Susan Murphy AC, RC Tammy Peterman GC, RC Gordon Lansford AC (Chair), CC Robin Beery CC (Ch
Slide 48: Forward-Looking Statements
Forward-Looking Statements This presentation and our other communications may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and R
Slide 49: Non-GAAP Reconciliations
Unaudited, dollars in thousands except per share data. (1) Calculated using marginal tax rate of 24.0%. Certain merger-related expenses are non-deductible. Non-GAAP Reconciliations The following are non-GAAP measures used from time to time. To the extent a non-GAAP measure is used in this presentati
Slide 50: Non-GAAP Reconciliations: Operating Pre-Tax, Pre-Provision Income
Non-GAAP Reconciliations Operating Pre-Tax, Pre-Provision Income Unaudited, dollars in thousands except per share data. Operating PTPP income for the relevant period is defined as GAAP net interest income plus GAAP noninterest income, less noninterest expense, adjusted to reflect the impact of exclu
Slide 51: Non-GAAP Reconciliations: Tangible Common Equity and Efficiency Ratio
Tangible common equity ratio is common shareholders’ equity, net of intangible assets, divided by total assets, net of intangible assets. Non-GAAP Reconciliations Unaudited, dollars in thousands. Tangible Common Equity Ratio Operating efficiency ratio is calculated as the company’s operating noninte
Slide 52: Non-GAAP Reconciliations: Return on Tangible Common Equity
Non-GAAP Reconciliations Unaudited, dollars in thousands, except per share data. (1) Share count for December 31, 2005, adjusted for Company’s 2-for-1 stock split on May 31, 2006. Return on tangible common equity is calculated as net income available to common shareholders divided by the company's a
Slide 53: Our Peer Group
Our Peer Group ASB Associated Banc-Corp BOKF BOK Financial Corp. KEY KeyCorp COLB Columbia Banking System, Inc. HBAN Huntington Bancshares Inc. CFR Cullen/Frost Bankers, Inc. FHN First Horizon Corp. ONB Old National Bancorp PNFP Pinnacle Financial Partners SSB SouthState Corp. RF Regions Financial C