Slide 1: 3rd Quarter 2025 Update
3 Quarter 2025 rd Update Kansas City, MO October 28, 2025
Slide 2: Presentation Index
Presentation Index Corporate Overview & Investment Thesis 3 Purchase Accounting Update 8 3rd Quarter 2025 Results 11 Line of Business Updates 29 Long-Term Performance Trends 40 Appendix 48 Board of Directors Forward-Looking Statements Select Financial Statements Non-GAAP Reconciliations Peer Group P
Slide 3: Corporate Overview
Corporate Overview Highlights Founded 1913 Ticker UMBF - Nasdaq Market Cap $9.0 B Total Assets $71.9 B Gross Loans $37.7 B Total Deposits $60.1 B Private Wealth Customer Assets (1) $20.8 B Institutional Assets Under Administration (AUA) (2) $641.5 B UMB Financial Corporation Headquarters Common Equi
Slide 4: Our Diverse Foundation
Business Model Our Diverse Foundation Commercial & Personal Banking Services 3Q‘25 Revenue: $502.0 million. 3Q‘25 Average Deposits: $39.3 billion Commercial Consumer Private Wealth Average loans: $31.8B (1) Average loans: $4.5B (1) (2) AUM = $18.3B Average deposits: $26.1B Average deposits: $13.2B 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% of total deposits ▪ Long-tenured relationships with clients using multiple UMB products and service
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 @ 9/30/25 1Q '25 2Q '25 3Q '25 @ 9/30/25 (1) (2) Loans $26.9 $37.8 $35.5 $3
Slide 10: Projected Contractual Accretion
Projected Contractual Accretion $ in millions ▪ $111.4 million recognized YTD ‘25 ▪ 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 2025 Financial Review
3rd Quarter 2025 Financial Review St. Louis, MO
Slide 12: 3Q 2025 Highlights – Income Statement
3Q 2025 Highlights – Income Statement $ in millions, except per share amounts 3Q ‘24 2Q ‘25 3Q ‘25 Linked-Quarter Commentary Core NII ex. PAA of $434.4mm, +2.3% QoQ; Strong earning asset growth and impact of mid-Sept. FOMC Net Interest Income, as reported $247.4 $467.0 $475.0 rate cut offset by seas
Slide 13: 3Q 2025 Highlights – Balance Sheet & Credit
3Q 2025 Highlights – Balance Sheet & Credit $ in millions 3Q ‘24 2Q ‘25 3Q ‘25 Linked-Quarter Commentary Average Loans 24,387 36,407 37,139 Driven by strong growth in C&I and CRE, offset by lower construction draws LQ annualized growth % 9.8% 50.7% 8.0% End-of-Period Loans 24,991 36,808 37,707 Typic
Slide 14: 3Q 2025 Net Income
3Q 2025 Net Income Net Income & Net Operating Income (1) Operating PTPP Income (2) Available to Common Shareholders $309.2 $293.4 $225.4 $206.5 $233.3 $168.9 $166.9 $122.6 $154.6 $110.4 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 ‘24 4Q ‘24 1Q ‘25 2Q ‘25 3Q ‘25 $∆ $ in millions %∆ Interest Income 557.7 555.0 738.0 850.5 878.9 28.4 3.3 Interest Expense 310.3 286.0 340.3 383.5 403.9 20.3 5.3 Net Interest Income $ 247.4 $ 269.0 $ 397.6 $ 467.0 $ 475.0 $ 8.0 1.7% Trust & securities processing 74.
Slide 16: Net Interest Income & Margin
Net Interest Income & Margin $467.0 $475.0 $397.6 $269.0 $247.4 $ in millions 2.83% 2.78% 2.75% NII, ex. PAA Reported NIM NII from PAA NIM ex. PAA $ in millions 3Q ‘24 4Q ‘24 1Q ‘25 2Q ‘25 3Q ‘25 Net Interest Income (GAAP) $247.4 $269.0 397.639 $467.0 $475.0 Less accretion from acquired loans, secur
Slide 17: Noninterest Income
Noninterest Income Current Quarter Commentary $222.2 Noninterest income decreased $18.9mm to $203.3mm for 3Q’25. LQ drivers included: $203.3 ▪ -$41.8mm swing in gains on equity & debt investment portfolio, largely due to market value changes on our investment in Voyager Technologies, offset by gains
Slide 18: Noninterest Expense
Noninterest Expense Linked-Quarter $ in millions 3Q ‘24 4Q ‘24 1Q ‘25 2Q ‘25 3Q ‘25 $∆ %∆ Salary & Benefits 147.0 161.1 221.4 213.6 220.3 6.8 3.2 Occupancy 12.3 11.3 16.1 18.6 19.1 0.6 3.1 Equipment 16.0 15.3 16.9 16.4 16.6 0.1 0.8 Supplies & services 5.0 3.2 4.8 6.4 10.5 4.1 64.4 Marketing & busine
Slide 19: Diversified Loan Portfolio
Diversified Loan Portfolio Linked-Quarter $ 37,139 $ in millions 3Q ‘24 2Q ‘25 3Q ‘25 $∆ %∆ $ 36,407 Commercial & Industrial 10,386 14,376 14,890 514 3.6 Owner-Occupied CRE 2,702 5,333 5,505 172 3.2 $ 32,310 Investment CRE 4,079 7,103 7,177 74 1.0 Residential Real Estate 3,045 4,256 4,307 51 1.2 Spe
Slide 20: Quarterly Loan Activity
Quarterly Loan Activity 3Q ‘24 4Q ‘24 1Q ‘25 2Q ‘25 3Q ‘25 $ in millions (1) Acquired Loans - - $9,819.9 - - Gross Loan Production 1,366.3 1,560.1 1,242.9 1,942.5 2,127.8 Revolving Balance Changes 299.8 101.7 429.8 444.1 102.1 Net (Charge-offs) Recoveries (8.5) (8.9) (35.9) (15.5) (18.4) Payoffs (2)
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) $12,815 $11,407 $9,635 $7,414 $5,628 $5,598 Average balances - $ in millions Average balances - $ in millions $5,499 $5,424 $5,455 $6,778 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 09/30/25 Loss 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 Available for Sale Mortgage-backed $8,161 $7,842 $(319) Roll-off / Cash Flow $341 $337 $441 $605 $454 Municipals 2
Slide 26: Diversified Deposit Mix
Diversified Deposit Mix Deposits by Line of Business $56,764 $55,649 Institutional Commercial Fund $50,285 Services 10% Capital Mkts & Corp. Trust 7% Investor Solutions 8% Commercial $38,017 Banking 46% $35,292 Healthcare Services 6% 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 ▪ 69% of total end-of-period loans, or ~ $26.0B, are variable ▪ 72% 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 13.11% Pre- 11.30% pandemic 10.70% UMBF $4.0B 10.00% $3.9B ratio 8.33% $2.1B 8.00% $ billions 6.50% 5.00% “Well Capitalized” 8.4% 9.5% 9.4% 13.3% 12.0% 11.0% CET 1 Tier 1 Total Tier 1 Int-bearing due from banks
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 $31.8B ▪ C&I Lending ▪ Working capital lines Sm./Med ▪ Owner-Occupied CRE ▪ Equipment loans Biz 5% Specialized Verticals 14% 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 $15.3B as of 9/30/25 = 40.6% of UMB loans ▪ Includes Middle Market, Lending Verticals and Small / Medium Other (2) Non-Depository Business Financial Institutions ▪ Consideratio
Slide 32: Commercial Real Estate
Commercial Banking Commercial Real Estate CRE Statistics Investment CRE as % of Total UMB Loans (1) Owner-Occupied CRE & Farmland $5.6B ▪ $5.6B = 14.8% of total UMB loans Farmland 2% Sr. Living ▪ New purchase or refinance Vacant Owner - Occ Land Other (3) 1% ▪ Rate Type: 13% 2% 1% o Fixed – 54% 1-4
Slide 33: Consumer
Personal Banking Consumer Strategic Acquisition Drives Consumer Growth High Customer Satisfaction Deposits (1) Loans (1) Consumer serves personal banking needs of clients across all divisions of the bank +82% +34% NPS Score 76.6 $13.0B $13.2B $4.5B $4.4B $3.4B $7.3B UMBF Industry Average (2) 54.3 UM
Slide 34: Private Wealth Management
Personal Banking Private Wealth Management Customer Assets Wealth Management Non-Managed ▪ Financial planning AUA ▪ Discretionary investment management $18.3B Other 12% Personal 4% Trust ▪ Strategic wealth solutions for ultra-high net worth IRAs 27% families 6% 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 $553B Provides services for 2,500 funds, including registered and alternative investment funds, PE funds, real estate and venture capital funds and $543B ETFs and more.
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 ~102mm 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 3Q ‘25 Card Spend +16.8% YoY $5.4B $5,601 $5,406 $5,443 $4,658 $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 20 Year CAGR 9.0% $1,000.9 $913.8 $920.1 $815.5 $731.2 $670.9 $610.4 $558.9 $495.3 $412.1 $320.1 $333.3 $350.1 $303.0 $310.6 $317.0 $275.1 $179.1 $217.2 $232.7 $188.3 Annual NII -7% 5% 15% 7% 18% 10% 3% 2% 1% 4% 5% 18% 20%
Slide 42: Balance Sheet Growth Across All Business Cycles
Balance Sheet Growth Across All Business Cycles Average Loans (1) $24.2 $22.3 20 Year $18.8 CAGR $15.8 $14.1 11.4% $11.6 $12.8 $10.8 $10.0 $8.4 $6.2 $7.0 $4.5 $4.8 $5.3 $3.6 $3.9 $4.2 $4.4 $2.8 $3.1 Annual Loan Growth 7% 13% 14% 9% 7% 5% 2% 6% 10% 18% 12% 21% 19% 9% 7% 10% 10% 12% 19% 19% 8% Conserv
Slide 43: Resilient Credit Metrics
Resilient Credit Metrics Through All Economic Environments Net Charge-Offs / Average Loans ’04 – ‘24 Average 0.27% 0.68% 0.21% 0.10% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 UMBF Peer Median (1) Industry (2) Nonperforming Loans / Loans
Slide 44: Capital & Liquidity Supports Growth Outlook
Capital & Liquidity Supports Growth Outlook 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 / Average Dep
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) 4Q ’25 = $0.43 +7.5% quarterly increase FY ’25 = $1.63 +3.8% +290.2% vs. 2024 annually 2004 – 2025 (1) Dividends adjusted for 2-for-1 stock split in 2006. 46
Slide 47: Outperformance
Outperformance Building Long-Term Value 20-Year Compounded Annual Growth Rates 2004 – 2024 (1) Diluted Earnings Per Share Tangible Book Value Per Share UMBF KRX (2) Peer Median (3) Industry (4) (1) Tangible book value per common share is a non-GAAP measure, reconciled on slide 55. (2) KBW Nasdaq Reg
Slide 48: Appendix
Appendix Colorado Springs, CO
Slide 49: Our Board of Directors
Governance Our Board of Directors Robin Beery Janine Davidson K.C. Gallagher Greg Graves Brad Henderson Jenny Hopkins CC (Chair), RC CC, GC AC, RC Lead Independent AC, RC AC, RC Director, GC (Chair) Mariner Kemper Gordon Lansford Margaret Lazo Susan Murphy Tim Murphy Tammy Peterman Chairman of AC (C
Slide 50: Forward-Looking Statements
Forward-Looking Statements This presentation contains, and our other communications, may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as ame
Slide 51: Average Balances / Yields & Rates
Average Balances / Yields & Rates Three Months Ended September 30, 2025 June 30, 2025 September 30, 2024 Average Average Average Average Average Average Balance ($) Yield/Rate (%) Balance ($) Yield/Rate (%) Balance ($) Yield/Rate (%) Assets Loans, net of unearned interest $ 37,138,511 6.72 $ 36,406,
Slide 52: 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 53: 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, 2025 2025 2025 2024 2024 Net interest income (GAAP) $ 475,042 467,024 397,639 268,974 247,376 Noninterest income (GAAP) 203,298 222,185 166,198 165,211 158,743 Nonintere
Slide 54: Non-GAAP Reconciliations
Non-GAAP Reconciliations Tangible Common Equity Ratio Operating Efficiency Ratio As of As of Sept. 30, Jun. 30, Sept. 30, Sept. 30, Sept. 30, 2025 2025 2024 2025 2024 Common shareholders' equity Noninterest expense (GAAP) $ 419,285 $ 252,454 $ 7,161,853 $ 6,885,023 $ 3,535,489 (GAAP) Adjustments: Le
Slide 55: 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, 2025 2024 2024 2004 Average common shareholders' equity (GAAP) $ 7,055,648 3,454,874 Comm
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