Umb Financial Corporation · NASDAQ:UMBF
Umb Financial — Shareholder Meeting (April 2022)
29 slides from Umb Financial's shareholder meeting presentation, Apr 26, 2022
Slide 1: 2022 Annual Meeting of Shareholders
April 26, 2022 2022 ANNUAL MEETING OF SHAREHOLDERS Exhibit 99.3
Slide 2: Agenda
Business Meeting 2021 Results Questions & Answers Why UMB? Agenda
Slide 3: Business Meeting Agenda
2022 Annual Meeting of Shareholders 3 Business Meeting Agenda Introduction of the Board of Directors Independent Registered Public Accounting Firm Appointment of Inspector of Election Presentation of List of Shareholders as of Record Date Report of Quorum Opening of the Polls and Review of Proposals
Slide 4: Board of Directors
Board of Directors 4 Robin Beery CC (Chair), RC Tim Murphy AC, CC Janine Davidson CC, GC Tammy Peterman GC, RC K.C. Gallagher AC, RC Kris Robbins AC, RC (Chair) Greg Graves Lead Independent Director, GC (Chair) Josh Sosland GC, RC Mariner Kemper Chairman of the Board Leroy Williams CC, RC Sandy Kemp
Slide 5: Business Meeting
Business Meeting 2022 Annual Meeting of Shareholders
Slide 6: Agenda
Agenda Business Meeting 2021 Results Questions & Answers Why UMB?
Slide 7: 2021 Results
2021 Results Revenue 7 Diluted Earnings Per Share (“EPS”) Net Income $286.5 million $353.0 million Primary drivers of net income growth of $66.5 million: Lower expense for provision for credit losses +$110.5mm due to the 2020 implementation of a required accounting standard and improvements in macro
Slide 8: 2021 Results Earnings Summary
8 2021 Results Earnings Summary Dollars in thousands, except per share amounts. The Company adopted ASU 2016-13 as of 1/1/2020; (2) Non-GAAP measure. See reconciliations and additional information on slides 27-29.
Slide 9: 2021 Results Balance Sheet Metrics
Total Deposits $27.1 billion $35.6 billion 2020 2021 2021 Results Balance Sheet Metrics 9 Loan–to–Deposit Ratio as of December 31, 2021 UMBF Peer Median (1) 48% 74% Total Loans (2) Total Assets at year end, $ billions $27.1 billion $35.6 billion 2020 2021 Peer median total deposits increased 10.6% (
Slide 10: Agenda
Agenda Business Meeting 2021 Results Questions & Answers Why UMB?
Slide 11: Why UMB
Our philosophy never varies. Our business always responds. Why UMB For more than a century, UMB has been an unwavering partner helping people prosper as they achieve financial security, grow their businesses, retire with peace of mind, create legacies for future generations, and contribute to their
Slide 12: Beyond The Numbers: Our Culture
An unwavering commitment to doing more for our customers. 12 Beyond The Numbers Our Culture 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 integrity to earn t
Slide 13: Supporting Customers & Communities: Paycheck Protection Program
Supporting Customers & Communities Paycheck Protection Program 13 In Loans Originated $2.0B Businesses Supported 8,300+ PPP Loans in 43 States & Territories 15% 85% New Customers Existing Customers 43 Loan Breakdown by Size UMB Associate Efforts 200+ UMB associates who assisted with SBA PPP process
Slide 14: Supporting Customers & Communities: A Few Highlights
Supporting Customers & Communities A Few Highlights 14 $6.6 million + UMB corporate donations to nonprofit organizations to support housing needs, small business efforts, education and emerging talent in underserved communities in our footprint Volunteer Time Off (“VTO”) Associates receive 16 hours
Slide 15: Our Business Model: Diverse By Design
Balances as of December 31, 2021. (1) Loan balances exclude PPP and credit card loans; (2) Includes consumer loans plus residential real estate loans to retail and private banking clients; (3) Products and services offered through UMB Bank Capital Markets Division; NOT FDIC INSURED | MAY LOSE VALUE
Slide 16: Built for the Ages: Our Runway for Growth
Built for the Ages Our Runway for Growth Opportunity to continue relative outperformance in loan growth Peer-leading levels of fee income Attractive deposit base Solid capital and liquidity positions support growth objectives Differentiated net interest income growth Time-tested underwriting philoso
Slide 17: Resilient Credit Metrics Through All Economic Cycles
17 0.49% 0.25% 0.16% 0.74% 0.36% 0.16% 0.25% 0.10% 0.27% Resilient Credit Metrics Through All Economic Cycles Net Charge-Offs / Average Loans Nonperforming Loans / Loans 15 Year Average 0.30% 15 Year Average 0.45% 2021 Net Charge-offs 0.27% Of avg. loans 2021 Nonperforming Loans 0.54% Of loans (1) U
Slide 18: Outperformance Building Long-Term Value
Outperformance Building Long-Term Value 18 *KBW Nasdaq Regional Bank Index (median of 50 banks); **UMB’s traditional peers (median of 15 banks); ***Median of all publicly-traded banks with data reported for both 2006 and 2021. (1) Non-GAAP measure. See definitions and reconciliations on pages 27-29.
Slide 19: Sustained Growth: Our Commitment to Shareholders
19 Sustained Growth Our Commitment to Shareholders Annual Dividends Declared (1) 2021 = $1.38 +10.4% vs. 2020 +263.2% 2001 - 2021 2022 = $1.48 +7.2% vs. 2021 (1) Dividends adjusted for 2-for-1 stock split in 2006; (2) Annualized 2022 full-year dividend assumes all 4 quarters are $0.37/share, consist
Slide 20: Stock Performance: Returning Value
20 Stock Performance Returning Value (1) Composite return of UMB’s traditional peer group (15 banks); (2) Chart Source: S&P Global Market Intelligence. Total Shareholder Return Full-Year 2021 assumes reinvestment of dividends 28.7% 34.9% 56.1%
Slide 21: Stock Performance: 1-Year Stock Price Performance
21 Stock Performance Returning Value (1) Composite price performance of UMB’s traditional peer group (15 banks); (2) Chart Source: S&P Global Market Intelligence. -17.6% 7.2% 6.2% 1-Year Stock Price Performance April 2021 – April 2022
Slide 22: 15-Year Stock Price Performance
15-Year Stock Price Performance April 2007 – April 2022 monthly 22 Stock Performance Returning Value (1) Composite price performance of UMB’s traditional peer group (15 banks); (2) Chart Source: S&P Global Market Intelligence. -57.3% 12.9% 148.7%
Slide 23: Corporate Citizenship Report
2020 Corporate Citizenship Report 23 Corporate Citizenship Report Read our 2021 Corporate Citizenship & ESG Report at UMB.com/ESGreport 23
Slide 24: Questions & Answers
Questions & Answers 2022 Annual Meeting of Shareholders
Slide 25: Appendix
Appendix 2022 Annual Meeting of Shareholders
Slide 26: Forward-Looking Statements
26 Forward-Looking Statements This presentation contains, and our other communications may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or
Slide 27: Non-GAAP Reconciliations
27 Non-GAAP Reconciliations In this presentation, we provide information about pre-tax pre-provision income, net operating income, operating earnings per share-diluted (operating EPS-diluted), pre-tax, pre-provision earnings per share-diluted (PTPP EPS), and tangible book value per share, all of whi
Slide 28: Non-GAAP Reconciliations: Pre-Tax, Pre-Provision Income
28 Non-GAAP Reconciliations Pre-Tax, Pre-Provision Income Dollars in thousands, except per share amounts, unaudited. Tangible Book Value
Slide 29: Non-GAAP Reconciliations: Net Operating Income
29 Non-GAAP Reconciliations (1) Calculated using the Company's marginal tax rate of 22.2%. Net Operating Income Dollars in thousands, except per share amounts, unaudited.