Umb Financial Corporation · NASDAQ:UMBF
Umb Financial — Q1 2026 Earnings Presentation
56 slides from Umb Financial's earnings presentation, Apr 29, 2026
Slide 1: 1st Quarter 2026 Update
1 Quarter 2026 st Update Kansas City, MO April 28, 2026
Slide 2: Presentation Index
Presentation Index Corporate Overview & Investment Thesis 3 Purchase Accounting Update 8 1st Quarter 2026 Results 11 Line of Business Updates 28 Long-Term Performance Trends 40 Appendix 48 Board of Directors Forward-Looking Statements Non-GAAP Reconciliations Select Financial Statements Peer Group P
Slide 3: Corporate Overview
Corporate Overview Highlights Founded 1913 Ticker UMBF - Nasdaq Market Cap $8.6 B Total Assets $72.7 B Gross Loans $40.1 B Total Deposits $60.0 B Private Wealth Customer Assets (1) $20.3 B Fund Services / Custody Assets Under Administration $565.1 B Common Equity Tier 1 Capital Ratio 11.16% UMB Fina
Slide 4: Our Diverse Foundation
Business Model Our Diverse Foundation Commercial & Personal Banking Services 1Q‘26 Revenue: $540.0 million; 1Q‘26 Average Deposits: $38.6 billion Commercial Consumer Private Wealth Average loans: $33.9B (1) Average loans: $4.7B (1) (2) AUM = $17.9B Average deposits: $25.3B Average deposits: $13.3B A
Slide 5: Opportunity in Our Diverse Business Model
Investment Thesis Opportunity in Our Diverse Business Model Diverse deposit base across multiple lines of business, customer segments and geographies ▪ No one commercial sector represents more than 5.1% of total deposits ▪ Long-tenured relationships with clients using multiple UMB products and servi
Slide 6: Our Culture
Beyond Financials Our Culture Our Vision Our Values Creating an unparalleled customer experience requires a culture where our people feel part of something more, something bigger. We foster this experience through our policies, our business decisions and our expectations of each associate. Customers
Slide 7: Our Commitment to Corporate Citizenship
Beyond Financials Our Commitment to Corporate Citizenship ESG Efforts Our programs reinforce our values of doing the right thing, supporting our associates and communities, and providing the unparalleled customer experience. ▪ Supporting inclusive, equitable and sustainable economic growth. ▪ Foster
Slide 8: Purchase Accounting Update
Purchase Accounting Update Dubuque, IA
Slide 9: HTLF Acquisition Accounting Impacts
HTLF Acquisition Accounting Impacts Net Interest Income Accretion Non-interest Expense Amortization Income (Expense) Recognized Remaining Income (Expense) Recognized Remaining $ in millions 1Q '25 2Q '25 3Q '25 4Q '25 1Q '26 @ 03/31/26 $ in millions 1Q '25 2Q '25 3Q '25 4Q '25 1Q '26 @ 03/31/26 (1)
Slide 10: Projected Contractual Accretion
Projected Contractual Accretion Remaining in 2026 $70.8mm $ in millions ▪ $164.2 million recognized in 2025; $51.0 million recognized in 1Q’26 ▪ Includes accretion on acquired loans, securities, time deposits and borrowings ▪ Projections are updated quarterly, assume no prepayments and are subject t
Slide 11: 1st Quarter 2026 Financial Review
1st Quarter 2026 Financial Review Salt Lake City, UT
Slide 12: 1Q 2026 Highlights – Income Statement
1Q 2026 Highlights – Income Statement $ in millions, except per share amounts 1Q ’25 4Q ’25 1Q ’26 Linked-Quarter Variance & Commentary Net Interest Income, as reported $397.6 $522.5 $534.4 Core NII ex. PAA: $483.4mm, +2.9% LQ; Drivers included decreased interest expense from residual Net Interest I
Slide 13: 1Q 2026 Highlights – Balance Sheet & Credit
1Q 2026 Highlights – Balance Sheet & Credit $ in millions 1Q ’25 4Q ’25 1Q ’26 Linked-Quarter Variance & Commentary Average Loans $32,310 $38,344 $39,383 LQ annualized growth % 111.0% 13.0% 10.8% C&I +22% LQ annualized; led by TX, CA, STL, CO & UT End-of-Period Loans 35,936 38,779 40,134 Strong gros
Slide 14: 1Q 2026 Net Income
1Q 2026 Net Income Net Income & Net Operating Income (1) Operating PTPP Income (2) Available to Common Shareholders $363.7 $259.8 $329.1 $235.2 $309.2 $225.4 $293.4 $206.5 $233.3 $168.9 Net Inc. Avail. to Common Shareholders EPS / common share (GAAP) Operating PTPP Income – gains/losses on inv. secu
Slide 15: Revenue Trends
Revenue Trends Linked-Quarter 1Q ’25 2Q ’25 3Q ’25 4Q ’25 1Q ’26 $ in millions $∆ %∆ Interest Income 738.0 850.5 878.9 886.9 867.1 (19.8) (2.2) Interest Expense 340.3 383.5 403.9 364.4 332.7 (31.7) (8.7) Net Interest Income $ 397.6 $ 467.0 $ 475.0 $ 522.5 $ 534.4 $ 11.9 2.3% Trust & securities proce
Slide 16: Net Interest Income & Margin
Net Interest Income & Margin $522.5 $534.4 $397.6 $467.0 $475.0 $ in millions 3.05% 2.96% 2.83% 2.78% 2.75% NII, ex. PAA Reported NIM NII from PAA NIM ex. PAA $ in millions 1Q ’25 2Q ’25 3Q ’25 4Q ’25 1Q ’26 Net Interest Income (GAAP) $397.6 $467.0 $475.0 $522.5 $534.4 Less accretion from acquired l
Slide 17: Noninterest Income
Noninterest Income Linked-Quarter Commentary $222.2 Noninterest income increased $6.4mm, or 3.2% to $204.8mm for 1Q’26. LQ $203.3 $204.8 variances include: $198.4 ▪ Includes $5.9mm gain on previously charged off HTLF loans vs. $0.5mm in 4Q ▪ + $2.2mm in trust & securities processing income driven by
Slide 18: Noninterest Expense
Noninterest Expense Linked-Quarter 1Q ’25 2Q ’25 3Q ’25 4Q ’25 1Q ’26 GAAP expense; $ in millions $∆ %∆ Deferred Compensation Expense 4.0 0.4 7.4 1.6 (2.2) (3.9) NM Salary & Benefits, ex. deferred comp. 217.4 213.1 212.9 227.0 221.9 (5.0) (2.2) Occupancy 16.1 18.6 19.1 19.9 19.1 (0.9) (4.3) Equipmen
Slide 19: Diversified Loan Portfolio
Diversified Loan Portfolio Linked-Quarter Avg. balances; $ in millions 1Q ’25 4Q ’25 1Q ’26 $∆ %∆ $ 39,383 $ 38,344 $ 37,139 Commercial & Industrial * 12,939 15,889 16,875 986 6.2 $ 36,407 Investment CRE 6,213 7,496 7,582 86 1.1 Residential Real Estate 3,820 4,379 4,434 55 1.3 $ 32,310 OO CRE (inc.
Slide 20: Quarterly Loan Activity
Quarterly Loan Activity 1Q ’25 2Q ’25 3Q ’25 4Q ’25 1Q ’26 $ in millions (1) Acquired Loans $9,819.9 - - - - Gross Loan Production 1,242.9 1,942.5 2,127.8 2,552.7 2,297.3 Net (Charge-offs) Recoveries (35.9) (15.5) (18.4) (12.7) (18.9) Payoffs & Paydow ns, Net of Revolving Balance Changes (732.9) (1,
Slide 21: Strong Asset Quality
Strong Asset Quality Net Loan Charge-Offs (Recoveries) Delinquencies (1) Net Charge-offs NCOs / Average Loans Delinquencies Delinquencies / Loans Nonperforming Loans Allowance for Credit Losses on Loans Nonperforming Loans NPLs / Total Loans Allowance for Credit Losses on Loans ACL / Total Loans Dol
Slide 22: Detailed Net Charge-Off History
Detailed Net Charge-Off History Annual 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Total Net Charge-Offs $ 6,141 $ 7,673 $ 6,992 $ 8,273 $11,755 $20,258 $21,697 $24,135 $18,091 $14,175 $15,611 (Recoveries) $ thousands Average Total Loans $ 2,758 $ 3,110 $ 3,562 $ 3,888 $ 4,176 $ 4,356 $ 4
Slide 23: High-Quality Investment Portfolio
High-Quality Investment Portfolio Available-for-Sale (1) Held-to-Maturity (1) $13,529 $13,613 $12,815 $11,407 $9,635 $5,628 $5,598 $5,712 $5,697 $5,455 Average balances - $ in millions Average balances - $ in millions GNMA/GSE Mortgage-Backed General Obligation Municipals Corp. & Commercial Paper GS
Slide 24: Securities Portfolio Statistics
Securities Portfolio Statistics Net Amortized Fair Securities Portfolio Activity (1) (2) Cost Value Unrealized $ in millions $ in millions; as of 03/31/26 Loss 1Q'25 2Q'25 3Q'25 4Q'25 1Q'26 Available for Sale Roll-off / Cash Flow $441 $605 $454 $545 $639 Mortgage-backed $8,589 $8,288 $(301) Roll-off
Slide 25: Diversified Deposit Mix
Diversified Deposit Mix Deposits by Line of Business $57,554 $57,574 $56,764 $55,649 Institutional Fund Services Commercial $50,285 11% Capital Mkts & Corp. Trust 10% Investor Solutions 7% Commercial Banking Healthcare 43% Services 6% Avg. balances; $ in millions Consumer & Private Wealth 23% Person
Slide 26: Interest Rate Sensitivity
Interest Rate Sensitivity Impact to Net Interest Income Loan Maturities & Repricing Variable Rate Loans Ramp Scenario ▪ 71% of total end-of-period loans, or ~ $28.5B, are variable ▪ 75% of total loans reprice within 12 months Of variable loans - % tied to indices for next 12 months: o 76% - 1-Month
Slide 27: Capital & Liquidity Position
Capital & Liquidity Position Regulatory Capital Ratios Ample Liquidity $7.4B $7.4B $7.0B 13.53% $5.8B $5.7B 11.74% UMBF 11.16% ratio 10.00% 8.73% $ billions 8.00% 6.50% 5.00% “Well Capitalized” 13.3% 12.0% 11.0% 9.1% 8.8% CET 1 Tier 1 Total Tier 1 Capital Leverage Int-bearing due from banks Fed fund
Slide 28: Line of Business Updates
Line of Business Updates Fort Worth, TX
Slide 29: Commercial Capabilities
Commercial Banking Commercial Capabilities Commercial Lending Portfolio Average Loan Balance & Composition (1) Middle Market $33.9B ▪ C&I Lending ▪ Working capital lines ▪ Owner-Occupied CRE ▪ Equipment loans Sm./Med Biz 7% Specialized Verticals 13% Investment Real Estate ▪ Industrial ▪ Retail ▪ Mul
Slide 30: C&I Lending
Commercial Banking C&I Lending C&I Industries as % of Total UMB Loans (1) Commercial & Industrial Statistics ▪ C&I loans of $17.5B as of 03/31/26 = 43.5% of UMB loans ▪ Includes Middle Market, Lending Verticals and Small / Medium Other (2) Non-Depository Business Financial Institutions ▪ Considerati
Slide 31: Loans to Non-Depository Financial Institutions
Commercial Banking Loans to Non-Depository Financial Institutions NDFI Loans as % of Total UMB Loans NDFI Portfolio Quality • Comprised of clients with diversified holdings & strong credit Mortgage structures Credit Consumer Business Credit 80% of loans to PE funds Credit = 1.3% of total • Low lever
Slide 32: Commercial Real Estate
Commercial Banking Commercial Real Estate CRE Statistics Investment CRE as % of Total UMB Loans (1) Owner-Occupied CRE & Farmland $5.8B ▪ $5.8B = 14.5% of total UMB loans Sr. Living Farmland 2% Vacant ▪ New purchase or refinance Land Other (3) Owner - Occ 1% ▪ Rate Type: 12% 2% 1-4 Unit 1% o Fixed –
Slide 33: Consumer
Personal Banking Consumer Expanding Consumer Presence High Customer Satisfaction Deposits (1) Loans (1) Consumer serves personal banking needs of clients across all divisions of the bank +21% +15% NPS Score $13.3B $13.3B 70.0 $11.0B $4.6B $4.7B $4.0B Industry Average (2) 38.0 Hybrid Service & Sales
Slide 34: Private Wealth Management
Personal Banking Private Wealth Management Customer Assets Wealth Management Non-Managed ▪ Financial planning AUA ▪ Discretionary investment management $17.9B Other 12% Personal 4% Trust ▪ Strategic wealth solutions for ultra-high net worth IRAs 27% families 7% Managed Assets (AUM) ▪ Business succes
Slide 35: Minority Equity & Mezzanine Debt
Private Investments Minority Equity & Mezzanine Debt Providing flexible, tailored capital solutions—including minority equity or subordinated debt—to finance lower-middle market private businesses for long-term growth. UMB Private Investments Overview Target Investment Criteria ▪ Combines the streng
Slide 36: Fund Services & Institutional Custody
Institutional Banking Fund Services & Institutional Custody Assets Under Administration Private Credit Exposure ▪ Our leverageable service model is part of our asset servicing value proposition and $565B $553B $545B we have long-term partnerships with some of the highest quality providers $543B ▪ Cl
Slide 37: Corporate / Specialty Trust & Capital Markets
Institutional Banking Corporate / Specialty Trust & Capital Markets Corporate Trust & Escrow Services Capital Markets Division Provides trustee, paying agent and escrow services to municipal Capital solutions including fixed income sales, trading and underwriting and corporate issuers. for instituti
Slide 38: Investor Solutions & Healthcare Services
Institutional Banking Investor Solutions & Healthcare Services Investor Solutions $46B ~116mm Our banking as a service (BaaS) solution offers deposit services to financial institutions and fintechs, including checking, saving, investment accounts, and expanded FDIC insurance through our proprietary
Slide 39: Credit & Debit Card Products
Payments Credit & Debit Card Products Card Purchase Volume & Interchange Trends 1Q ’26 Card Spend +3.4% $5,601 $5,593 $5,406 $5,443 YoY $5,391 $5.6B #13 #22 13th in Number of Total 22nd in U.S. Credit Card U.S. Accounts (1) Purchase Volume (1) Healthcare Debit Consumer Debit Inst. Cash Mgmt. Commerc
Slide 40: Long-Term Annual Performance Trends
Long-Term Annual Performance Trends Oklahoma City, OK
Slide 41: Differentiated Revenue Profile
Differentiated Revenue Profile Multiple Sources of Growth Net Interest Income $1,862 20 Year CAGR 12.1% $1,001 $914 $920 $816 $731 $671 $610 $559 $495 $412 $320 $333 $350 $275 $303 $311 $317 $217 $233 $188 (3) Annual NII 5% 15% 7% 18% 10% 3% 2% 1% 4% 5% 18% 20% 13% 9% 10% 9% 12% 12% 1% 9% 86% Growth
Slide 42: Balance Sheet Growth Across All Business Cycles
Balance Sheet Growth Across All Business Cycles $36.1 Average Loans (1) 20 Year $24.2 $22.3 CAGR $18.8 13.0% $15.8 $14.1 $12.8 $10.8 $11.6 $10.0 $8.4 $6.2 $7.0 $4.8 $5.3 $3.9 $4.2 $4.4 $4.5 $3.1 $3.6 (2) Annual Loan Growth 13% 14% 9% 7% 5% 2% 6% 10% 18% 12% 21% 19% 9% 7% 10% 10% 12% 19% 19% 8% 49% C
Slide 43: Resilient Credit Metrics Through All Economic Environments
Resilient Credit Metrics Through All Economic Environments Net Charge-Offs / Average Loans ‘05 – ‘25 Average 0.27% 0.62% 0.23% 0.06% UMBF Peer Median (1) Industry (2) Nonperforming Loans / Loans ‘05 – ‘25 Average 0.38% 0.96% 0.53% 0.37% UMBF Peer Median (1) Industry (2) (1) UMB peers (14 banks), as
Slide 44: Capital & Liquidity Supports Growth Outlook
Capital & Liquidity Supports Growth Outlook Common Equity Tier 1 Capital Ratio Equity / Assets Tangible Equity / Tangible Assets (2) 20% 15% 10% 5% 0% UMBF Peer Median (1) UMBF Equity / Assets UMBF TCE / Tang. Assets (2) Peer Median TCE / Tang. Assets (1) Cash & Securities / Assets (3) Average Loans
Slide 45: Risk-Adjusted Returns Rowing Close to Shore
Risk-Adjusted Returns Rowing Close to Shore Risk-Weighted Assets / Assets UMBF Peer Median (1) Return on Risk-Weighted Assets (2) 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-
Slide 46: Dividend Trends
Dividend Trends Sustained Growth Common Dividends Declared (1) FY ’26 = $1.72 (2) +5.5% vs. 2025 +273.9% annually 2006 – 2026 (1) Dividends adjusted for 2-for-1 stock split in 2006. (2) Annualized 2026 full-year dividend assumes all 4 quarterly dividends are declared at $0.43/share, consistent with
Slide 47: Outperformance Building Long-Term Value
Outperformance Building Long-Term Value 20-Year Compounded Annual Growth Rates 2005 – 2025 (1) Diluted Earnings Per Share Tangible Book Value Per Share UMBF KRX (2) Peer Median (3) Industry (4) (1) Tangible book value per common share is a non-GAAP measure, reconciled on slide 54; (2) KBW Nasdaq Reg
Slide 48: Appendix
Appendix Colorado Springs, CO
Slide 49: Our Board of Directors
Governance Our Board of Directors Robin Beery Janine Davidson K.C. Gallagher Greg Graves Brad Henderson Jenny Hopkins CC (Chair), RC CC, GC AC, RC Lead Independent AC, RC AC, RC Director, GC (Chair) Mariner Kemper Gordon Lansford Margaret Lazo Susan Murphy Tammy Peterman Kris Robbins Chairman of AC
Slide 50: Forward-Looking Statements
Forward-Looking Statements This presentation contains, 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 ame
Slide 51: Non-GAAP Reconciliations
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 presentation, a reconciliation to such measure’s closest GAAP equivalent is provided below. This information supplements the results that are reported according to GA
Slide 52: Non-GAAP Reconciliations
Non-GAAP Reconciliations Operating Pre-Tax, Pre-Provision Income Three Months Ended Mar. 31, Dec. 31, Sept. 30, Jun. 30, Mar. 31, 2026 2025 2025 2025 2025 Net interest income (GAAP) $ 534,366 $ 522,500 $ 475,042 $ 467,024 $ 397,639 Noninterest income (GAAP) 204,793 198,369 203,298 222,185 166,198 No
Slide 53: Non-GAAP Reconciliations
Non-GAAP Reconciliations Tangible Common Equity Ratio Operating Efficiency Ratio As of Three Months Ended Mar. 31, Dec. 31, Mar. 31, Mar. 31, Mar. 31, 2026 2025 2025 2026 2025 Common shareholders' equity Noninterest expense (GAAP) $ 380,883 $ 384,787 $ 7,538,743 $ 7,417,284 $ 6,637,730 (GAAP) Adjust
Slide 54: Non-GAAP Reconciliations
Non-GAAP Reconciliations Return on Tangible Common Equity & Operating Return Tangible Book Value (“TBV”) Per on Tangible Common Equity Common Share Three Months Ended As of Mar. 31, Mar. 31, Dec. 31, Dec. 31, 2026 2025 2025 2005 Average common shareholders' equity (GAAP) $ 7,565,849 $ 5,493,844 Comm
Slide 55: Average Balances / Yields & Rates
Average Balances / Yields & Rates Three Months Ended March 31, 2026 December 31, 2025 March 31, 2025 Average Average Average Average Average Average Balance Yield/Rate (%) Balance Yield/Rate (%) Balance Yield/Rate (%) Assets Loa ns , net of unea rned i nteres t $ 39,383,210 6.52 $ 38,344,072 6.69 $
Slide 56: Our Peer Group
Our Peer Group ASB Associated Banc-Corp PNFP Pinnacle Financial Partners BOKF BOK Financial Corp. ONB Old National Bancorp COLB Columbia Banking System, Inc. RF Regions Financial Corp. CFR Cullen/Frost Bankers, Inc. SSB SouthState Corp. FHN First Horizon Corp. WAL Western Alliance Bancorporation HBA