UMB Financial Corporation (UMBF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the annual meeting of shareholders of UMB Financial Corporation. Please note that today's meeting is being recorded. During the meeting, we'll have a question and answer session. You can submit questions or comments at any time by clicking on the message icon. It is now my pleasure to turn today's meeting over to Mariner Kemper, UMB's Chairman and Chief Executive Officer. Mr. Kemper, the floor is yours. Good morning, and thank you all for joining us virtually today for our annual meeting of shareholders. I typically start this meeting with a few comments about our prior year, and 2024 was a great year. It was a transformational year. We saw strong balance sheet growth with solid capital metrics and 26.1% year-over-year increase in net income. We've included a couple of slides in our presentation about 2024 performance, and you can Review those highlights on your own. One of the most exciting events of 2024 was the April announcement of our acquisition of Heartland Financial. Both UMBF and HDLF teams that worked tirelessly over the past year on integration and conversion planning created a seamless experience for our customers. This acquisition was closed on January 31st and is the largest in the company's history. We've seen great early progress as we expand and introduce new communities to UMB. We plan to release our first combined results after market today, and we'll have our call to the investment community tomorrow morning. As such, this meeting's remarks and Q&A will be limited to the business of the annual meeting. Finally, we just published our 2024 corporate citizenship report, which is now available on our website. I encourage you to take a look and read all about our new and ongoing initiatives take care of our resources and meet the n...