Umb Financial Corporation · NASDAQ:UMBF
Umb Financial — Q4 2025 Earnings Presentation
56 slides from Umb Financial's earnings presentation, Jan 28, 2026
Slide 1: 4th Quarter 2025 Update
4 Quarter 2025 th Update Kansas City, MO January 27, 2026
Slide 2: Presentation Index
Presentation Index Corporate Overview & Investment Thesis 3 Purchase Accounting Update 8 4th Quarter 2025 Results 11 Line of Business Updates 29 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 $8.7 B Total Assets $73.1 B Gross Loans $38.8 B Total Deposits $60.7 B Private Wealth Customer Assets (1) $20.6 B Institutional Assets Under Administration (AUA) (2) $640.3 B Common Equity Tier 1 Capital Ratio 10.96% UMB Fina
Slide 4: Our Diverse Foundation
Business Model Our Diverse Foundation Commercial & Personal Banking Services 4Q‘25 Revenue: $533.7 million; FY’25 Revenue: $1.9 billion; 4Q‘25 Average Deposits: $39.3 billion. Commercial Consumer Private Wealth Average loans: $32.9B (1) Average loans: $4.6B (1) (2) AUM = $18.2B Average deposits: $26
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 $ in millions Income (Expense) Recognized Remaining $ in millions Income (Expense) Recognized Remaining 1Q '25 2Q '25 3Q '25 4Q '25 @ 12/31/25 1Q '25 2Q '25 3Q '25 4Q '25 @ 12/31/25 (1) (2) Loans $26.
Slide 10: Projected Contractual Accretion
Projected Contractual Accretion $ in millions ▪ $164.2 million recognized in 2025 ▪ Includes accretion on acquired loans, securities, time deposits and borrowings ▪ Projections are updated quarterly, assume no prepayments and are subject to change 10
Slide 11: 4th Quarter 2025 Financial Review
4th Quarter 2025 Financial Review St. Louis, MO
Slide 12: 4Q 2025 Highlights – Income Statement
4Q 2025 Highlights – Income Statement $ in millions, except per share amounts 4Q ’24 3Q ’25 4Q ’25 Linked-Quarter Commentary Core NII ex. PAA: $469.8mm, +8.1% QoQ; +$5.4mm in 1-time benefits from interest on former NPL loans Net Interest Income, as reported $269.0 $475.0 $522.5 brought current and D
Slide 13: 4Q 2025 Highlights – Balance Sheet & Credit
4Q 2025 Highlights – Balance Sheet & Credit $ in millions 4Q ’24 3Q ’25 4Q ’25 Linked-Quarter Commentary Average Loans 25,290 37,139 38,344 Driven by strong growth in C&I and CRE offset by elevated payoffs in lower rate environment LQ annualized growth % 14.8% 8.0% 13.0% C&I +27% LQ annualized End-o
Slide 14: 4Q 2025 Net Income
4Q 2025 Net Income Net Income & Net Operating Income (1) Operating PTPP Income (2) Available to Common Shareholders $329.1 $309.2 $235.2 $293.4 $225.4 $206.5 $233.3 $168.9 $166.9 $122.6 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 4Q ’24 1Q ’25 2Q ’25 3Q ’25 4Q ’25 $∆ $ in millions %∆ Interest Income 555.0 738.0 850.5 878.9 886.9 8.0 0.9 Interest Expense 286.0 340.3 383.5 403.9 364.4 (39.5) (9.8) Net Interest Income $ 269.0 $ 397.6 $ 467.0 $ 475.0 $ 522.5 $ 47.5 10.0% Trust & securities processin
Slide 16: Net Interest Income & Margin
Net Interest Income & Margin $522.5 $467.0 $475.0 $397.6 $269.0 $ in millions 2.96% 2.83% 2.78% 2.75% NII, ex. PAA Reported NIM NII from PAA NIM ex. PAA $ in millions 4Q ’24 4Q'24 1Q ’25 1Q'25 2Q ’25 2Q'25 3Q ’25 3Q'25 4Q ’25 4Q'25 $ in millions Net Interest Income (GAAP) $269.0 $397.6 $467.0 $475.0
Slide 17: Noninterest Income
Noninterest Income Linked-Quarter Commentary $222.2 Noninterest income decreased $4.9mm to $198.4mm for 4Q’25. Results included $203.3 several market-related variances, offset by continued momentum in our fee $198.4 businesses. LQ drivers: ▪ - $9.2mm in company-owned life insurance (“COLI”) and bank
Slide 18: Noninterest Expense
Noninterest Expense Linked-Quarter GAAP expense; $ in millions 4Q ’24 1Q ’25 2Q ’25 3Q ’25 4Q ’25 $∆ %∆ Deferred Compensation Expense 1.3 4.0 0.4 7.4 1.6 (5.8) (77.8) Salary & Benefits, ex. deferred comp. 159.7 217.4 213.1 212.9 227.0 14.0 6.6 Occupancy 11.3 16.1 18.6 19.1 19.9 0.8 4.1 Equipment 15.
Slide 19: Diversified Loan Portfolio
Diversified Loan Portfolio Linked-Quarter $ 38,344 Avg. balances; $ in millions 4Q ’24 3Q ’25 4Q ’25 $∆ %∆ $ 37,139 $ 36,407 Commercial & Industrial * 10,840 14,890 15,889 999 6.7 Investment CRE 4,395 7,177 7,496 319 4.4 $ 32,310 OO CRE (inc. farm) 2,740 5,505 5,628 123 2.2 Residential Real Estate 3
Slide 20: Quarterly Loan Activity
Quarterly Loan Activity 4Q ’24 1Q ’25 2Q ’25 3Q ’25 4Q ’25 $ in millions (1) Acquired Loans - $9,819.9 - - - Gross Loan Production 1,560.1 1,242.9 1,942.5 2,127.8 2,552.7 Net (Charge-offs) Recoveries (8.9) (35.9) (15.5) (18.4) (12.7) Payoffs & Paydow ns, Net of Revolving Balance Change (899.7) (732.
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: Allowance for Credit Losses
Allowance for Credit Losses Loans, Leases and HTM Securities $ in millions Allowance for credit losses at December 31, 2024 $261.7 Initial ACL recorded for Purchased Credit Deteriorated ("PCD") acquired loans (1) 85.3 Provision expense for non-PCD loans (initial provision) 62.0 YTD 2025 provision ex
Slide 24: High-Quality Investment Portfolio
High-Quality Investment Portfolio Available-for-Sale (1) Held-to-Maturity (1) $13,529 $12,815 $11,407 $9,635 $5,628 $5,598 $5,712 $5,424 $5,455 Average balances - $ in millions Average balances - $ in millions $7,414 GNMA/GSE Mortgage-Backed General Obligation Municipals Corp. & Commercial Paper GSE
Slide 25: Securities Portfolio Statistics
Securities Portfolio Statistics Net Amortized Fair Securities Portfolio Activity (1) Cost Value Unrealized $ in millions $ in millions; as of 12/31/25 Loss 4Q'24 1Q'25 2Q'25 3Q'25 4Q'25 Available for Sale Roll-off / Cash Flow $337 $441 $605 $454 $545 Mortgage-backed $8,427 $8,168 $(259) Municipals 2
Slide 26: Diversified Deposit Mix
Diversified Deposit Mix Deposits by Line of Business $57,554 $56,764 $55,649 Institutional Commercial Fund $50,285 Services 10% Capital Mkts & Corp. Trust 9% Investor Solutions $38,017 8% Commercial Banking Healthcare 45% Services 5% Avg. balances; $ in millions Consumer & Private Wealth 23% Persona
Slide 27: Interest Rate Sensitivity
Interest Rate Sensitivity Impact to Net Interest Income Loan Maturities & Repricing Variable Rate Loans Ramp Scenario ▪ 70% of total end-of-period loans, or ~ $26.4B, are variable ▪ 73% of total loans reprice within 12 months Of variable loans - % tied to indices for next 12 months: o 75% - 1-Month
Slide 28: Capital & Liquidity Position
Capital & Liquidity Position Regulatory Capital Ratios Ample Liquidity $7.4B $7.4B $7.0B 13.36% Pre- $5.8B pandemic 11.55% UMBF 10.96% ratio $4.0B 8.54% $2.1B 10.00% $ billions 8.00% 6.50% “Well 5.00% Capitalized” 8.4% 9.4% 13.3% 12.0% 11.0% 9.1% CET 1 Tier 1 Total Tier 1 Capital Leverage Int-bearin
Slide 29: Line of Business Updates
Line of Business Updates Fort Worth, TX
Slide 30: Commercial Capabilities
Commercial Banking Commercial Capabilities Commercial Lending Portfolio Average Loan Balance & Composition (1) Middle Market $32.9B ▪ C&I Lending ▪ Working capital lines ▪ Owner-Occupied CRE ▪ Equipment loans Sm./Med Biz 6% Specialized Verticals 13% Investment Real Estate ▪ Industrial ▪ Retail ▪ Mul
Slide 31: C&I Lending
Commercial Banking C&I Lending C&I Industries as % of Total UMB Loans (1) Commercial & Industrial Statistics ▪ C&I loans of $16.5B as of 12/31/25 = 42.6% of UMB loans ▪ Includes Middle Market, Lending Verticals and Small / Medium Other (2) Non-Depository Business Financial Institutions ▪ Considerati
Slide 32: Commercial Real Estate
Commercial Banking Commercial Real Estate CRE Statistics Investment CRE as % of Total UMB Loans (1) Owner-Occupied CRE & Farmland $5.5B Vacant ▪ $5.5B = 14.2% of total UMB loans Farmland 2% Land ▪ New purchase or refinance Sr. Living Other (3) Owner - Occ 1% ▪ Rate Type: 12% 2% 1% o Fixed – 54% 1-4
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 NPS Score +83% +34% 60.7 $13.2B $13.3B $4.5B $4.6B $7.3B $3.4B UMBF Industry Average (2) 54.3 Hybrid Service & Sa
Slide 34: Private Wealth Management
Personal Banking Private Wealth Management Customer Assets Wealth Management Non-Managed ▪ Financial planning AUA ▪ Discretionary investment management $18.2B 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 Registered Funds & Alternative Investments $545B Provides services for 2,500 funds, including registered and alternative $553B investment funds, PE funds, real estate and venture capital funds and $543B ETFs and
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 $47B ~104mm Our banking as a service (BaaS) solution includes deposit services for checking, saving, and investment accounts, including expanded FDIC insurance through our proprietary Sweep Program. Sample BaaS Partner
Slide 39: Credit & Debit Card Products
Payments Credit & Debit Card Products Card Purchase Volume & Interchange Trends 4Q ’25 Card Spend +17.8% YoY $5.4B $5,601 $5,406 $5,443 $5,391 $4,575 #21 21st in U.S. Credit Card Purchase Volume (1) Healthcare Debit Consumer Debit Inst. Cash Mgmt. Commercial Credit Consumer Credit Interchange Income
Slide 40: Long-Term Performance Trends
Long-Term 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% 0.68% 0.21% 0.23% UMBF Peer Median (1) Industry (2) Nonperforming Loans / Loans ‘05 – ‘25 Average 0.38% 0.98% 0.51% 0.37% UMBF Peer Median (1) Industry (2) (1) UMB peers (15 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
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 (15 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 2004 – 2024 (1) Diluted Earnings Per Share Tangible Book Value Per Share UMBF KRX (2) Peer Median (3) Industry (4) Chart updated annually in 1Q, pending availability of peer data. (1) Tangible book value per common share
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 Tim Murphy Tammy Peterman Chairman of AC (C
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 Dec. 31, Sept. 30, Jun. 30, Mar. 31, Dec. 31, 2025 2025 2025 2025 2024 Net interest income (GAAP) $ 522,500 475,042 467,024 397,639 268,974 Noninterest income (GAAP) 198,369 203,298 222,185 166,198 165,211 Noninteres
Slide 53: Non-GAAP Reconciliations
Non-GAAP Reconciliations Tangible Common Equity Ratio Operating Efficiency Ratio As of Three Months Ended Dec. 31, Sept. 30, Dec. 31, Dec. 31, Dec. 31, 2025 2025 2024 2025 2024 Common shareholders' equity Noninterest expense (GAAP) $ 425,560 270,361 $ 7,417,284 $ 7,161,853 $ 3,466,541 (GAAP) Adjustm
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 Dec. 31, Dec. 31, Dec. 31, Dec. 31, 2025 2024 2024 2004 Average common shareholders' equity (GAAP) $ 7,376,119 3,527,765 Common
Slide 55: Average Balances / Yields & Rates
Average Balances / Yields & Rates Three Months Ended December 31, 2025 September 30, 2025 December 31, 2024 Average Average Average Average Average Average Balance ($) Yield/Rate (%) Balance ($) Yield/Rate (%) Balance ($) Yield/Rate (%) Assets Loans, net of unearned interest $ 38,344,072 6.69 $ 37,1
Slide 56: Our Peer Group
Our Peer Group ASB Associated Banc-Corp PNFP Pinnacle Financial Partners BOKF BOK Financial Corporation SSB SouthState Corporation CADE Cadence Bank SNV Synovus Financial Corp. COLB Columbia Banking System, Inc. WBS Webster Financial Corporation CMA Comerica Incorporated WAL Western Alliance Bancorp