Umb Financial Corporation · NASDAQ:UMBF
Umb Financial — Shareholder Meeting (April 2021)
30 slides from Umb Financial's shareholder meeting presentation, Apr 27, 2021
Slide 1: 2021 Annual Shareholders Meeting
April 27, 2021 2021 ANNUAL SHAREHOLDERS MEETING A Company Built to Withstand the Test Of Time Exhibit 99.2
Slide 2: Agenda
Business Meeting 2020 Results Why UMB? Questions & Answers 1st Quarter 2021 Agenda
Slide 3: Business Meeting Agenda
2021 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 AC, CC (Chair), RC Tim Murphy CC, GC Janine Davidson CC, GC Tammy Peterman 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: A Special Thank you
Board of Directors 5 A Special “Thank you” Paul Uhlmann Paul Uhlmann has retired from the board after 21 years of service to UMB.
Slide 6: Business Meeting
Business Meeting 2021 Annual Meeting of Shareholders
Slide 7: Agenda
Agenda Business Meeting 2020 Results Why UMB? Questions & Answers 1st Quarter 2021
Slide 8: 2020 Results: Net Income
2020 Results Net Income 8 Diluted Earnings Per Share (“EPS”) Pre-Tax, Pre-Provision (“PTPP”) Income Net Income All comparisons are full-year 2020 as compared to full-year 2019. (1) 2019 $243.6 million 2020 $286.5 million $318.8 million $469.4 million 2019 2020 Primary drivers of net income growth of
Slide 9: 2020 Results: Earnings Summary
9 2020 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 beginning on slide 28.
Slide 10: 2020 Results: Balance Sheet Metrics
2020 Results Balance Sheet Metrics 10 Total Deposits Total Loans (1) 2019 $12.8 billion 2020 $14.1 billion PPP loans are excluded from 2020 total loan balances. (2) Peer median source: S&P Global. Peer median total loans increased 2.0% (2) Peer median total deposits increased 20.8% (2) Loan–to–Depos
Slide 11: Agenda
Agenda Business Meeting 2020 Results Why UMB? Questions & Answers 1st Quarter 2021
Slide 12: First Quarter 2021 Results At-A-Glance
12 First Quarter 2021 Results At-A-Glance Diluted Earnings Per Share (“EPS”) 2Q 3Q 4Q 1Q All comparisons are first quarter 2021 as compared to first quarter 2020. PPP loans are excluded from total loan balance. (2) 2018 EPS presented on a continuing operations basis. $3.94 $4.96 $5.93 or $1.91 per d
Slide 13: Agenda
Agenda Business Meeting 2020 Results Why UMB? Questions & Answers 1st Quarter 2021
Slide 14: Why UMB
“We are at our best when our customers need us most.” Why UMB We have built a reputation of resilience for doing the right things for the people we serve. We have endured - and thrived - because we have built a company designed to perform in all economic cycles. UMB is a company built to withstand t
Slide 15: Beyond The Numbers: Our Culture
15 A company built to withstand the test of time. 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 the trust of
Slide 16: Our Business Model: Diverse By Design
16 (1) Balances exclude PPP loans. (2) Includes consumer loans plus residential real estate loans to retail and private banking clients. Balances as of December 31, 2020. Our Business Model Diverse By Design Commercial Consumer Commercial & Personal Banking Services 2020 Annual Revenue: $929 million
Slide 17: Built for the Ages: Our Runway for Growth
17 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 Unwavering credit standards a
Slide 18: Our History of Strong, Resilient Credit
18 0.49% 0.25% 0.16% 0.74% 0.36% 0.16% 1.18% 0.79% 0.55% 0.50% 0.22% 0.13% UMB traditional peer group (15 banks); Source: S&P Global. (2) All FDIC-insured institutions; Source: FDIC Annual Statistics. Our History of Strong, Resilient Credit Net Charge-Offs / Average Loans Nonperforming Loans / Loans
Slide 19: Outperformance Building Long-Term Value
Outperformance Building Long-Term Value 19 15-Year Compounded Annual Growth Rates 2005 – 2020 *KBW Nasdaq Regional Bank Index (50 banks); **UMB traditional peer group (15 banks); ***All publicly-traded banks with data reported for both 2005 and 2020. Source: S&P Global. (1) Non-GAAP measure. See rec
Slide 20: Returning Value to Shareholders: Dividends
20 Sustained Growth Returning Value to Shareholders Dividends adjusted for 2-for-1 stock split in 2006. Annual Dividends Declared (1) Total 2020 = $1.25 +3.3% Year-over-year +228.9%
Slide 21: Stock Performance: April 2020 – April 2021
21 Stock Performance Returning Value to Shareholders (1) Median total return of the 50 banks included in the KBW Nasdaq Bank Index; Chart Source: S&P Global. Total Shareholder Return April 2020 – April 2021
Slide 22: Stock Performance: April 2006 – April 2021
22 Stock Performance Returning Value to Shareholders (1) Median total return of the 50 banks included in the KBW Nasdaq Bank Index; Chart Source: S&P Global. Total Shareholder Return April 2006 – April 2021 Total Shareholder Return April 2006 – April 2021
Slide 23: 2020 Corporate Citizenship Report
2020 Corporate Citizenship Report 23 Corporate Citizenship Report
Slide 24: Corporate Citizenship: Our Commitment
Corporate Citizenship Our Commitment Associate volunteerism and corporate philanthropy help build strong community partnerships. 1,000+ participants in our workplace giving campaign supporting qualified nonprofits UMB’s Matching Gift Program utilization increased 380% from 2019 to 2020 $2.6mm+ in do
Slide 25: Questions & Answers
Questions & Answers 2021 Annual Meeting of Shareholders
Slide 26: Appendix
Appendix 2021 Annual Meeting of Shareholders
Slide 27: Forward-Looking Statements
27 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 28: Non-GAAP Reconciliations
28 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 29: Non-GAAP Reconciliations: Pre-Tax, Pre-Provision Income
29 Non-GAAP Reconciliations Pre-Tax, Pre-Provision Income Dollars in thousands, except per share amounts, unaudited. Tangible Book Value (1) Share count for December 31, 2005, was adjusted for Company’s 2-for-1 stock split on May 31, 2006.
Slide 30: Non-GAAP Reconciliations: Net Operating Income
30 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.