Umb Financial Corporation · NASDAQ:UMBF
Umb Financial — Q3 2026 Earnings Presentation
53 slides from Umb Financial's earnings presentation, Oct 28, 2026
Slide 1: 3rd Quarter 2026 Update
3 Quarter 2026 rd Update Kansas City, MO October 27, 2026
Slide 2: Presentation Index
Presentation Index Corporate Overview & Investment Thesis 3 Purchase Accounting Update 8 3rd Quarter 2026 Results 11 Line of Business Updates 28 Long-Term Performance Trends 38 Appendix 46 Board of Directors Forward-Looking Statements Non-GAAP Reconciliations Peer Group Please refer to the Forward-L
Slide 3: Corporate Overview
Corporate Overview Highlights Founded 1913 Ticker UMBF - Nasdaq Market Cap $9.9 B Total Assets $72.7 B Gross Loans $42.5 B Total Deposits $60.2 B Private Wealth Customer Assets (1) $23.6 B Fund Services / Custody Assets Under Administration $619.4 B Common Equity Tier 1 Capital Ratio 11.50% UMB Fina
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 Commercial Consumer Private Wealth Average loans: $36.2B (1) Average loans: $4.8B (1) (2) AUM = $18.4B Average deposits: $26.9B Average deposits: $13.4B A
Slide 5: Investment Thesis: 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 5.3% of total deposits ▪ Long-tenured relationships with clients using multiple UMB products and servi
Slide 6: Beyond Financials: 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: Beyond Financials: 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 Incom e (Expense) Recognized Rem aining 1Q '25 2Q '25 3QIncom '25 e (Expense) 4Q '25 Recognized 1Q '26 2Q '26 3Q '26 Rem @ aining 09/30/26 $ Loans in millions (1) 1Q$26.9 '25 2Q$37.8 '25 $35.5 3Q '25 $47.5 4Q '25 $46.7 1Q '26 $31.4 2Q
Slide 10: Projected Contractual Accretion
Projected Contractual Accretion $ in millions ▪ $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 10
Slide 11: 3rd Quarter 2026 Financial Review
3rd Quarter 2026 Financial Review Salt Lake City, UT
Slide 12: 3Q 2026 Highlights – Income Statement
3Q 2026 Highlights – Income Statement $ in millions, except per share amounts 3Q ’25 2Q ’26 3Q ’26 Linked-Quarter Variance & Commentary Net Interest Income, as reported $475.0 $532.5 $540.0 Core NII ex. PAA: $506.9mm, +2.1% LQ; Drivers included continued organic loan growth (+11.1% in Net Interest I
Slide 13: 3Q 2026 Highlights – Balance Sheet & Credit
3Q 2026 Highlights – Balance Sheet & Credit $ in millions 3Q ’25 2Q ’26 3Q ’26 Linked-Quarter Variance & Commentary Average Loans $37,139 $40,624 $41,750 LQ annualized growth % 8.0% 12.6% 11.1% C&I +21.5% LQ annualized, led by StL, TX & UT End-of-Period Loans 37,707 41,150 42,530 Record gross produc
Slide 14: 3Q 2026 Net Income
3Q 2026 Net Income Net Income & Net Operating Income (1) Operating PTPP Income (2) Available to Common Shareholders $380.1 $373.0 $363.7 $273.0 $272.4 $329.1 $259.8 $293.4 $235.2 $206.5 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 3Q ’25 4Q ’25 1Q ’26 2Q ’26 3Q ’26 $ in millions $∆ %∆ Interest income $ 878.9 $ 886.9 $ 867.1 $ 871.4 $ 895.4 $ 24.0 2.8% Interest expense 403.9 364.4 332.7 338.8 355.4 16.5 4.9 Net Interest Income $ 475.0 $ 522.5 $ 534.4 $ 532.5 $ 540.0 $ 7.5 1.4% Trust & securities p
Slide 16: Net Interest Income & Margin
Net Interest Income & Margin $522.5 $534.4 $532.5 $540.0 $475.0 $ in millions 3.09% 3.10% 3.05% 2.96% 2.78% NII, ex. PAA Reported NIM NII from PAA NIM ex. PAA $ in millions 3Q ’25 4Q ’25 1Q ’26 2Q ’26 3Q ’26 Net Interest Income (GAAP) $475.0 $522.5 $534.4 $532.5 $540.0 Less accretion from acquired l
Slide 17: Noninterest Income
Noninterest Income Linked-Quarter Commentary $245.5 $232.4 Noninterest income decreased $13.1mm, or 5.3%, to $232.4mm from 2Q’26. LQ variances include: $203.3 $204.8 ▪ - $16.1mm in investment securities gains, following strong results in 2Q’26 $198.4 ▪ - $7.0mm in COLI income, included in other inco
Slide 18: Noninterest Expense
Noninterest Expense Linked-Quarter 3Q ’25 4Q ’25 1Q ’26 2Q ’26 3Q ’26 GAAP expense; $ in millions $∆ %∆ Deferred Compensation Expense 7.4 1.6 (2.2) 10.3 0.2 (10.1) (97.6) Salary & Benefits, ex. deferred comp. 212.9 227.0 221.9 216.8 221.0 4.2 1.9 Occupancy 19.1 19.9 19.1 19.3 21.2 1.9 10.0 Equipment
Slide 19: Diversified Loan Portfolio
Diversified Loan Portfolio Linked-Quarter $ 41,750 3Q ’25 2Q ’26 3Q ’26 $ 40,624 Avg. balances; $ in millions $∆ %∆ $ 39,383 $ 38,344 Commercial & Industrial * 14,890 17,779 18,930 1,151 6.5 $ 37,139 OO CRE (inc. farm) 5,505 5,790 5,865 76 1.3 Specialty Lending 570 649 686 37 5.7 Residential Real Es
Slide 20: Quarterly Loan Activity
Quarterly Loan Activity $ in millions 3Q ’25 4Q ’25 1Q ’26 2Q ’26 3Q ’26 Gross Loan Production $2,127.8 $2,552.7 $2,297.3 $2,554.2 $3,089.4 Net (Charge-offs) Recoveries (18.4) (12.7) (18.9) (15.9) (14.0) Payoffs & Paydow ns, Net of Revolving Balance Changes (1,210.8) (1,467.1) (923.5) (1,522.9) (1,6
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 $13,541 $13,305 $12,815 $5,712 $5,697 $5,697 $5,691 Average balances - $ in millions Average balances - $ in millions $5,455 GNMA/GSE Mortgage-Backed General Obligation Municipals Corp. & Commercial Paper G
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 09/30/26 Loss Available for Sale 3Q'25 4Q'25 1Q'26 2Q'26 3Q'26 Mortgage-backed $8,714 $8,026 $(688) Roll-off / Cash Flow $454 $545 $639 $490 $581 Municipa
Slide 25: Diversified Deposit Mix
Diversified Deposit Mix Deposits by Line of Business $57,554 $57,574 $57,585 $58,221 $56,764 Institutional Asset Commercial Servicing 10% Capital Mkts & Corp. Trust 10% Investor Solutions Commercial 6% Banking 46% Healthcare Services 5% Avg. balances; $ in millions Consumer & Private Wealth 23% Pers
Slide 26: Interest Rate Sensitivity
Interest Rate Sensitivity Impact to Net Interest Income Loan Maturities & Repricing Variable Rate Loans Ramp Scenario ▪ 73% of total end-of-period loans, or ~ $31.0B, are variable ▪ 77% of total loans reprice within 12 months Of variable loans - % tied to indices for next 12 months: o 77% - 1-Month
Slide 27: Capital & Liquidity Position
Capital & Liquidity Position Regulatory Capital Ratios Ample Liquidity $7.0B 13.52% $5.8B $5.7B 12.04% UMBF 11.50% $4.7B ratio $4.2B 9.41% 10.00% $ billions 8.00% 6.50% “Well 5.00% Capitalized” 11.0% 9.1% 8.8% 7.3% 6.3% CET 1 Tier 1 Total Tier 1 Int-bearing due from banks Fed funds & resell agreemen
Slide 28: Line of Business Updates
Line of Business Updates Wickenburg, AZ
Slide 29: Commercial Banking: Commercial Capabilities
Commercial Banking Commercial Capabilities Commercial Lending Portfolio Average Loan Balance & Composition (1) Middle Market $36.2B ▪ C&I Lending ▪ Working capital lines ▪ Owner-Occupied CRE ▪ Equipment loans Sm./Med Biz 7% Specialized Verticals 14% Investment Real Estate ▪ Industrial ▪ Retail ▪ Mul
Slide 30: Commercial Banking: C&I Lending
Commercial Banking C&I Lending C&I Industries as % of Total UMB Loans (1) Commercial & Industrial Statistics ▪ 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 Other (2) Non-Depositor
Slide 31: Commercial Banking: Commercial Real Estate
Commercial Banking Commercial Real Estate CRE Statistics Investment CRE as % of Total UMB Loans (1) Owner-Occupied CRE & Farmland $6.0 B Mixed ▪ $6.0B = 14.1% of total UMB loans Farmland 2% Use ▪ New purchase or refinance Vacant Other (3) Owner - Land <1% Occ 2% ▪ Rate Type: <1% 12% 1-4 Unit o Fixed
Slide 32: Personal Banking: Consumer
Personal Banking Consumer Expanding Consumer Presence High Customer Satisfaction Deposits (1) Consumer serves personal banking needs Consumer Lending (1) of clients across all divisions of the bank +2% +5% NPS Score $13.4B $13.4B $13.2B $4.5B $4.8B $4.8B 70.8 23% of deposits Industry Average (2) 38.
Slide 33: Personal Banking: Private Wealth Management & Private Investments
Personal Banking Private Wealth Management & Private Investments Private Wealth Customer Assets Wealth Management ▪ Financial planning ▪ Discretionary investment management ▪ Strategic solutions for ultra-high net worth families Non-Managed $18.4B ▪ ▪ Business succession & exit planning Brokerage &
Slide 34: Institutional Banking: Asset Servicing & Custody
Institutional Banking Asset Servicing & Custody Assets Under Administration / Custody (1) Revenue Growth Trends ▪ Private Credit AUA = ~$35B, or 6.0% of total 3Q’26 AUA +22.1% +12.1% $622B $619B YTD Growth (2) YoY ▪ +8.8% linked-quarter ▪ 5-year CAGR = 13.2% $565B $553B $545B Fund Services Registere
Slide 35: Institutional Banking: Corporate Trust & Capital Markets
Institutional Banking Corporate Trust & Capital Markets Corporate Trust Capital Markets Division Capital solutions including fixed income sales, trading and underwriting Trust & Escrow Services for institutional, municipal and not-for-profit organizations. Provides trustee, paying agent and escrow s
Slide 36: Institutional Banking: Investor Solutions & Healthcare Services
Institutional Banking Investor Solutions & Healthcare Services Investor Solutions $43B ~125mm Our banking as a service (BaaS) solution offers deposit services to financial institutions and fintechs, including checking, savings, and investment accounts, along with expanded FDIC insurance through our
Slide 37: Payments: Credit & Debit Card Products
Payments Credit & Debit Card Products Card Purchase Volume & Interchange Trends 3Q ’26 Card Spend +8.5% $5.6 $5.6 $5.4 $5.5 10-year $5.4 $5.5B CAGR #13 #23 13th in Number of Total 23rd in U.S. Credit Card U.S. Accounts (1) Purchase Volume (1) Healthcare Debit Consumer Debit Inst. Cash Mgmt. Commerci
Slide 38: Long-Term Annual Performance Trends
Long-Term Annual Performance Trends Oklahoma City, OK
Slide 39: Differentiated Revenue Profile: Multiple Sources of Growth
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 40: Balance Sheet Growth Across All Business Cycles
Balance Sheet Growth Across All Business Cycles $36.1 Average Loans (1) 20 Year $24.2 CAGR $22.3 13.0% $18.8 $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 41: 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 42: 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 43: 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 44: Dividend Trends: Sustained Growth
Dividend Trends Sustained Growth 4Q ’26 = $0.50 Common Dividends Declared (1) FY ’26 = $1.86 +14.1% vs. 2025 +304.3% annually 2006 – 2026 (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. 44
Slide 45: 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 52; (2) KBW Nasdaq Reg
Slide 46: Appendix
Appendix Colorado Springs, CO
Slide 47: Governance: 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 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
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 50: Non-GAAP Reconciliations
Non-GAAP Reconciliations Operating Pre-Tax, Pre-Provision Income Three Months Ended Sept. 30, Jun. 30, Mar. 31, Dec. 31, Sept. 30, 2026 2026 2026 2025 2025 Net interest income (GAAP) $ 540,005 $ 532,525 $ 534,366 $ 522,500 $ 475,042 Noninterest income (GAAP) 232,383 245,505 204,793 198,369 203,298 N
Slide 51: Non-GAAP Reconciliations
Non-GAAP Reconciliations Tangible Common Equity Ratio Operating Efficiency Ratio As of Three Months Ended Sept. 30, Jun. 30, Sept. 30, Sept. 30, Sept. 30, 2026 2026 2025 2026 2025 Common shareholders' equity Noninterest expense (GAAP) $ 399,457 $ 419,285 $ 7,576,225 $ 7,748,351 $ 7,161,853 (GAAP) Ad
Slide 52: 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 Sept. 30, Sept. 30, Dec. 31, Dec. 31, 2026 2025 2025 2005 Average common shareholders' equity (GAAP) $ 7,807,985 $ 7,055,648 Co
Slide 53: 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