Equibles

8-K

UMB FINANCIAL CORP (UMBF)

8-K 2026-01-27 For: 2026-01-27
View Original
Added on April 04, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): 01/27/2026

UMB FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number: 001-38481

Missouri 43-0903811
(State or other jurisdiction of (IRS Employer
incorporation) Identification No.)

1010 Grand Blvd., Kansas City, MO 64106

(Address of principal executive offices, including zip code)

(816) 860-7000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered
Common Stock, $1.00 Par Value UMBF The NASDAQ Global Select Market
Depositary Shares, each representing a 1/400th interest in a share of 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B UMBFO The NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On January 27, 2026, UMB Financial Corporation (the “Company”) issued a press release announcing the financial results for the Company for the quarter and period ended December 31, 2025. A copy of the press release is attached as Exhibit 99.1 and the information is hereby incorporated by reference herein. The Company does not incorporate by reference information presented at any website referenced in the press release.

The Company is furnishing a copy of materials that will be used in the Company's shareholder conference call at 8:30 a.m. (CT) on January 28, 2026. A copy of the materials is attached as Exhibit 99.2 and will be available on the Company's website at www.umb.com. The materials are dated January 27, 2026, and the Company disclaims any obligation to correct or update any of the materials in the future.

The information contained in Item 2.02 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 hereto, is being furnished and shall not be deemed to be “filed” with the Securities and Exchange Commission (“SEC”) for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section and is not incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Current Report on Form 8-K in such a filing.

Item 8.01 Other Events

On January 27, 2026, the Company issued a press release announcing the Board of Directors of the Company had declared a quarterly dividend of $0.43 per share that is payable on April 1, 2026 to stockholders of record of the Company's common stock as of the close of business on March 10, 2026. The Board of Directors of the Company also declared a dividend of $193.75 per share of the Company's Series B 7.750% preferred stock, which results in a dividend of $0.484375 per depositary share. The preferred stock dividend is payable on April 15, 2026, to stockholders of record of the Company's preferred stock as of the close on business on March 31, 2026.

Item 9.01 Financial Statements and Exhibits

99.1 Press Release announcing financial results for the quarter ended December 31, 2025.
99.2 Investor Presentation Materials, dated January 27, 2026.
99.3 Press Release announcing dividend declaration.
104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

UMB FINANCIAL CORPORATION
By: /s/ Ram Shankar
Ram Shankar<br><br>Chief Financial Officer

Date: January 27, 2026

EX-99.1

Exhibit 99.1

img104034057_0.jpg

UMB Financial Corporation News Release

1010 Grand Boulevard

Kansas City, MO 64106

816.860.7000

umb.com

//FOR IMMEDIATE RELEASE//

Media Contact: Stephanie Hollander: 816.729.1027

Investor Relations Contact: Kay Gregory: 816.860.7106

UMB Financial Corporation Reports Fourth Quarter and Full-Year 2025 Results

Fourth Quarter 2025 Financial Highlights

  • GAAP net income available to common shareholders of $209.5 million, or $2.74 per diluted common share, an increase of 74.6% as compared to the fourth quarter of 2024.
  • Net operating income available to common shareholders(i) of $235.2 million, or $3.08 per diluted common share, an increase of 91.9% as compared to the fourth quarter of 2024.
  • Fourth quarter revenues totaled $720.9 million, a 66.0% increase as compared to the fourth quarter of 2024, and an increase of 6.3% from the third quarter of 2025.
  • Net interest income of $522.5 million, an increase of 94.3% as compared to the fourth quarter of 2024, and an increase of 10.0% from the third quarter of 2025.
  • Net interest margin on a fully taxable equivalent basis of 3.29%, up 72 basis points from the fourth quarter of 2024.
  • Noninterest income increased 20.1% to $198.4 million compared to the fourth quarter of 2024.
  • Fourth quarter 2025 return on average assets of 1.20% and return on average common equity of 11.27%.
  • GAAP efficiency ratio improved to 55.5% as compared to 61.8% in the fourth quarter of 2024.
  • Average loans increased 13.0% on a linked-quarter annualized basis to $38.3 billion; average loans increased $13.1 billion, or 51.6%, as compared to the fourth quarter of 2024. End-of-period loans were $38.8 billion at December 31, 2025.
  • Average deposits increased 5.6% on a linked-quarter annualized basis to $57.6 billion. End-of-period deposits were $60.7 billion at December 31, 2025.
  • Average noninterest-bearing demand deposits increased 24.9% on a linked-quarter annualized basis to $14.7 billion.
  • Noninterest expense of $425.6 million included $39.7 million in acquisition-related costs.
  • Net charge-offs for the fourth quarter of 2025 totaled $12.7 million, equal to 13 basis points of average loans, compared to 20 basis points of average loans in the third quarter of 2025.
  • Total assets at December 31, 2025 were $73.1 billion, up 45.0% from $50.4 billion as of December 31, 2024.

(i) A non-GAAP financial measure reconciled later in this release to the nearest comparable GAAP measure.

KANSAS CITY, Mo. (January 27, 2026) – UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income available to common shareholders for the fourth quarter of 2025 of $209.5 million, or $2.74 per diluted share, compared to $180.4 million, or $2.36 per diluted

share, in the third quarter (linked quarter) and $120.0 million, or $2.44 per diluted share, in the fourth quarter of 2024.

Net operating income available to common shareholders, a non-GAAP financial measure reconciled later in this release to net income available to common shareholders, the nearest comparable GAAP measure, was $235.2 million, or $3.08 per diluted share, for the fourth quarter of 2025, compared to $206.5 million, or $2.70 per diluted share, for the linked quarter and $122.6 million, or $2.49 per diluted share, for the fourth quarter of 2024. Operating pre-tax, pre-provision income (operating PTPP), a non-GAAP measure reconciled later in this release to the components of net income before taxes, the nearest comparable GAAP measure, was $329.1 million, or $4.31 per diluted share, for the fourth quarter of 2025, compared to $293.4 million, or $3.84 per diluted share, for the linked quarter, and $166.9 million, or $3.39 per diluted share, for the fourth quarter of 2024. These operating PTPP results represent an increase of 12.2% on a linked-quarter basis and an increase of 97.2% compared to the fourth quarter of 2024.

“2025 marked a significant chapter in UMB’s 113-year history, with the successful completion of the acquisition of Heartland Financial and another year of record earnings. We posted significant improvements in our profitability metrics as we continue to build scale, deliver profitable growth on both sides of the balance sheet, and maintain our unwavering focus on strong asset quality metrics,” said Mariner Kemper, UMB Financial Corporation chairman and chief executive officer.

“Strong fourth quarter results were once again enabled by 13.0% linked-quarter annualized loan growth, 5.6% linked-quarter annualized deposit growth that included a 24.9% increase in average demand deposit balances, and continued momentum in our fee income businesses. As reported, net interest margin expanded 25 basis points compared to the prior quarter. Operating expenses, excluding merger-related charges, increased sequentially, primarily driven by incentive compensation related to strong company performance. Net charge-offs for the fourth quarter were just 13 basis points. And for the calendar year 2025, net charge-offs were 23 basis points, lower than our long-term historical averages. I am incredibly proud of our associates for delivering strong fundamental and financial performance in 2025, while providing outstanding customer experience to our existing and newly acquired clients—all of which continues to drive our exceptional results.”

Fourth Quarter 2025 earnings discussion

Note: The acquisition of Heartland Financial USA, Inc. (HTLF) closed on January 31, 2025; as such, financial results for the fiscal periods since that date include the impact from the acquired operations. Financial results in the fourth quarter of 2024 were impacted by $3.7 million in acquisition-related expense and do not include any impact of the acquired operations of HTLF.

Summary of quarterly financial results UMB Financial Corporation
(unaudited, dollars in thousands, except per common share data)
Q4 Q3 Q4
2025 2025 2024
Net income (GAAP) $ 215,355 $ 188,316 $ 119,997
Net income available to common shareholders (GAAP) 209,543 180,372 119,997
Earnings per common share - diluted (GAAP) 2.74 2.36 2.44
Operating pre-tax, pre-provision income (Non-GAAP)(i) 329,075 293,383 166,901
Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP)(i) 4.31 3.84 3.39
Operating pre-tax, pre-provision income - FTE (Non-GAAP)(i) 337,837 301,697 173,270
Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP)(i) 4.42 3.95 3.52
Net operating income available to common shareholders (Non-GAAP)(i) 235,206 206,546 122,577
Operating earnings per common share - diluted (Non-GAAP)(i) 3.08 2.70 2.49
GAAP
Return on average assets 1.20 % 1.04 % 1.06 %
Return on average common equity 11.27 10.14 13.53
Efficiency ratio 55.50 58.09 61.83
Non-GAAP(i)
Operating return on average assets 1.34 % 1.20 % 1.08 %
Operating return on average common equity 12.65 11.61 13.82
Operating efficiency ratio 50.82 53.02 61.12

(i) See reconciliation of Non-GAAP measures to their nearest comparable GAAP measures later in this release.

Summary of year-to-date financial results UMB Financial Corporation
(unaudited, dollars in thousands, except per share data) December December
YTD YTD
2025 2024
Net income (GAAP) $ 702,398 $ 441,243
Net income available to common shareholders (GAAP) 684,617 441,243
Earnings per common share - diluted (GAAP) 9.29 8.99
Operating pre-tax, pre-provision income (Non-GAAP)(i) 1,164,933 625,786
Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP)(i) 15.80 12.75
Operating pre-tax, pre-provision income - FTE (Non-GAAP)(i) 1,197,805 651,679
Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP)(i) 16.25 13.28
Net operating income available to common shareholders (Non-GAAP)(i) 836,009 461,745
Operating earnings per common share - diluted (Non-GAAP)(i) 11.35 9.41
GAAP
Return on average assets 1.03 % 1.02 %
Return on average common equity 10.24 13.24
Efficiency ratio 57.67 62.56
Non-GAAP(i)
Operating return on average assets 1.26 % 1.07 %
Operating return on average common equity 12.51 13.85
Operating efficiency ratio 52.56 61.12
Summary of revenue UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands)
Q4 Q3 Q4 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Net interest income $ 522,500 $ 475,042 $ 268,974 $ 47,458 $ 253,526
Noninterest income:
Trust and securities processing 92,428 87,926 76,861 4,502 15,567
Trading and investment banking 6,198 7,026 6,185 (828 ) 13
Service charges on deposit accounts 27,734 29,150 21,405 (1,416 ) 6,329
Insurance fees and commissions 236 307 425 (71 ) (189 )
Brokerage fees 20,495 20,470 18,635 25 1,860
Bankcard fees 29,052 29,561 21,089 (509 ) 7,963
Investment securities gains (losses), net 2,157 (4,093 ) 593 6,250 1,564
Other 20,069 32,951 20,018 (12,882 ) 51
Total noninterest income $ 198,369 $ 203,298 $ 165,211 $ (4,929 ) $ 33,158
Total revenue $ 720,869 $ 678,340 $ 434,185 $ 42,529 $ 286,684
Net interest income (FTE) $ 531,262 $ 483,356 $ 275,343
Net interest margin (FTE) 3.29 % 3.04 % 2.57 %
Total noninterest income as a % of total revenue 27.5 30.0 38.1

Net interest income

  • Fourth quarter 2025 net interest income totaled $522.5 million, an increase of $47.5 million, or 10.0%, from the linked quarter, driven primarily by decreased interest expense due to the mix

  • shift in the funding composition within deposit categories coupled with growth in noninterest-bearing demand deposit balances, as well as repricing of deposits following the reduction in short-term interest rates, coupled with continued organic growth in average loans, higher purchase accounting accretion income, and a $4.6 million nonrecurring benefit from interest on loans that were brought current from nonaccrual status. These benefits were partially offset by declines in interest income on interest bearing due from bank coupled with the impact from reduction in short-term interest rates.

  • Average earning assets increased $1.1 billion, or 1.7%, from the linked quarter, largely driven by increases of $1.2 billion in average loans and $952.5 million in average securities, partially offset by a decrease of $1.5 billion in average interest bearing due from bank.

  • Average interest-bearing liabilities decreased $129.1 million, or 0.3%, from the linked quarter, primarily driven by a decrease of $155.2 million, or 24.7%, in borrowed funds, driven by the repayment of the 2020 subordinated debt issuance during the third quarter of 2025.

  • Net interest margin for the fourth quarter was 3.29%, an increase of 25 basis points from the linked quarter, due to lower yields on interest-bearing deposits driven by mix shift and repricing of deposits following the reduction in short-term interest rates, partially offset by lower benefit from free funds in a lower interest rate environment.

  • On a year-over-year basis, net interest income increased $253.5 million, or 94.3%, driven by a $21.5 billion, or 50.5%, increase in average earning assets, primarily due to rate and mix changes related to the acquisition of HTLF. Average loans increased $13.1 billion, average securities increased $6.6 billion, and average interest-bearing due from banks increased $1.1 billion.

  • Average deposits increased 51.4% compared to the fourth quarter of 2024, reflecting strong organic growth as well as the impact of acquired HTLF balances. Average interest-bearing deposits increased 56.4%, and noninterest-bearing demand deposit balances increased 38.4% compared to the fourth quarter of 2024. Average demand deposit balances comprised 25.6% of total deposits, compared to 24.4% in the linked quarter and 28.0% in the fourth quarter of 2024.

  • Average borrowed funds decreased $155.2 million as compared to the linked quarter driven by the repayment of the 2020 subordinated debt issuance during the third quarter of 2025. Compared to the fourth quarter of 2024, average borrowed funds increased $63.1 million driven by the acquisition of HTLF, partially offset by the repayment of borrowings under the BTFP and FHLB advances during the fourth quarter of 2024.

Noninterest income

  • Fourth quarter 2025 noninterest income decreased $4.9 million, or 2.4%, on a linked-quarter basis, largely due to:

  • Decreases of $5.3 million and $2.9 million in company-owned life insurance income and derivative income, respectively, and a $2.5 million legal settlement received in the third quarter of 2025, all recorded in other income, and a $1.4 million decrease in deposit service charges. The decrease in company-owned life insurance was offset by a proportionate decrease in deferred compensation as noted below.

  • These decreases were partially offset by the following increases:

  • Increases of $6.3 million in investment securities gains primarily driven by a $5.9 million gain on the sale of a non-marketable security.

  • Increases of $3.2 million in fund services income and $1.0 million in trust income, both recorded in trust and securities processing.

  • Compared to the prior year, noninterest income in the fourth quarter of 2025 increased $33.2 million, or 20.1%, primarily driven by:

  • Increases of $7.0 million in fund services income, $6.5 million in trust income, and $2.1 million in corporate trust income, all recorded in trust and securities processing.

  • Increase of $8.0 million in bankcard income due to increased interchange income, partially offset by increased rebate expense.

  • An increase of $6.3 million in service charges on deposit accounts, primarily driven by increased service charge income on interest-bearing checking accounts, largely due to the HTLF acquisition and increased corporate service charges income.

Noninterest expense

Summary of noninterest expense UMB Financial Corporation
(unaudited, dollars in thousands)
Q4 Q3 Q4 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Salaries and employee benefits $ 228,605 $ 220,329 $ 161,062 $ 8,276 $ 67,543
Occupancy, net 19,933 19,149 11,272 784 8,661
Equipment 14,978 16,563 15,312 (1,585 ) (334 )
Supplies and services 6,843 10,492 3,173 (3,649 ) 3,670
Marketing and business development 15,246 11,094 8,999 4,152 6,247
Processing fees 43,350 45,008 30,565 (1,658 ) 12,785
Legal and consulting 23,614 21,616 12,229 1,998 11,385
Bankcard 12,570 11,775 9,398 795 3,172
Amortization of other intangible assets 25,454 25,317 1,917 137 23,537
Regulatory fees 3,164 8,091 5,255 (4,927 ) (2,091 )
Other 31,803 29,851 11,179 1,952 20,624
Total noninterest expense $ 425,560 $ 419,285 $ 270,361 $ 6,275 $ 155,199

  • GAAP noninterest expense for the fourth quarter of 2025 was $425.6 million, an increase of $6.3 million, or 1.5%, from the linked quarter and $155.2 million, or 57.4% from the fourth quarter of 2024. Fourth quarter 2025 expenses included $39.7 million in total acquisition-related and other nonrecurring costs, compared to $35.6 million in the linked quarter and $3.7 million in the fourth quarter of 2024. Operating noninterest expense, a non-GAAP financial measure reconciled later in this release to noninterest expense, the nearest comparable GAAP measure, was $391.8 million for the fourth quarter of 2025, an increase of $6.8 million, or 1.8%, from the linked quarter and an increase of $124.5 million, or 46.6%, from the fourth quarter of 2024.

  • The linked-quarter increase in GAAP noninterest expense was driven by:

  • An increase of $13.0 million in bonus and commission expense from increased company performance, partially offset by a $5.8 million decrease in deferred compensation expense, recorded in salaries and employee benefits. The decrease in deferred compensation expense was offset by the decrease in company-owned life insurance income noted above.

  • An increase of $4.2 million in marketing and business development driven by the timing of multiple advertising campaigns and increased travel and entertainment expense.

  • An increase of $2.0 million in legal and consulting expense primarily driven by HTLF acquisition-related expenses.

  • An increase of $2.0 million in other expense driven by an increase in charitable contributions, partially offset by reduced acquisition expense from the termination of legacy HTLF contracts.

  • These increases were partially offset by the following decreases:

  • A decrease of $4.9 million in regulatory fees driven by a reduction in the FDIC special assessment expense.

  • A decrease of $3.6 million in supplies and services driven by lower HTLF acquisition costs related to computer hardware and printing expense.

  • The year-over-year increase in GAAP noninterest expense was driven by:

  • Increases of $67.5 million in salaries and employee benefits expense, driven by the additional associates added as part of the HTLF acquisition, and $23.5 million in amortization of intangibles. Amortization of intangibles includes amortization of the core deposit intangible, customer list, and purchased credit card relationship intangibles recognized from the HTLF acquisition.

  • An increase of $20.6 million in other expense driven by fees for termination of legacy HTLF contracts, coupled with a $3.9 million increase in charitable contributions.

  • Increases of $12.8 million in processing fees, driven by increased software subscription costs, and $11.4 million in legal and consulting expense primarily due to HTLF acquisition-related costs and timing of multiple projects.

  • Increases of $8.7 million in occupancy expense due to branch buildings and office locations added to the company's footprint related to the HTLF acquisition, and $6.2 million in marketing and business development driven by the HTLF acquisition-related expense, including the timing of multiple advertising campaigns and increased travel and entertainment expense.

  • Fourth quarter 2025 noninterest expense included $39.7 million in total acquisition-related and other nonrecurring costs, compared to $35.6 million in the linked quarter, and $3.7 million in the fourth quarter of 2024. During the fourth quarter of 2025, this expense was composed primarily of $15.5 million in other expense for contract termination fees as discussed above, $12.4 million in legal and consulting expense, $7.1 million in salaries and employee benefits, and $3.0 million in marketing expense. During the linked quarter, the $35.6 million in acquisition-related expense was primarily composed of $19.6 million in other expense for contract terminations, $9.2 million in legal and consulting expense, $4.5 million in salaries and employee benefits, and $3.5 million in supplies and services expense. During the fourth quarter of 2024, acquisition-related expense was primarily composed of $3.4 million in legal and consulting expense.

Income taxes

  • The company’s effective tax rate was 19.7% for the year ended December 31, 2025, compared to 18.5% for the same period in 2024. The increase is mainly due to a smaller proportion of income being earned from tax-exempt municipal securities, lower federal tax credits (net of amortization), and higher state and local income taxes. This was partially offset by more favorable discrete tax items in 2025, including a benefit from remeasuring deferred tax assets after the HTLF acquisition increased the state marginal tax rate.

Balance sheet

  • Average total assets for the fourth quarter of 2025 were $69.6 billion compared to $68.5 billion for the linked quarter and $45.0 billion for the same period in 2024.
Summary of average loans and leases - QTD Average UMB Financial Corporation
(unaudited, dollars in thousands)
Q4 Q3 Q4 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Commercial and industrial (i) $ 15,754,499 $ 14,787,494 $ 10,735,539 $ 967,005 $ 5,018,960
Specialty lending 542,857 570,079 491,546 (27,222 ) 51,311
Commercial real estate 16,512,390 16,372,831 10,007,361 139,559 6,505,029
Consumer real estate 4,379,183 4,306,981 3,143,613 72,202 1,235,570
Consumer 242,129 242,526 177,341 (397 ) 64,788
Credit cards 778,779 755,635 630,373 23,144 148,406
Leases and other 134,235 102,965 104,015 31,270 30,220
Total loans $ 38,344,072 $ 37,138,511 $ 25,289,788 $ 1,205,561 $ 13,054,284

(i) Commercial and industrial loans include all loans to Nondepository Financial Institutions (NDFIs).

  • Average loans for the fourth quarter of 2025 increased $1.2 billion, or 3.2%, on a linked-quarter basis and $13.1 billion, or 51.6%, compared to the fourth quarter of 2024. These increases reflect continued organic momentum across legacy UMB geographies, as well as the impact of acquired HTLF balances.
Summary of average securities - QTD Average UMB Financial Corporation
(unaudited, dollars in thousands)
Q4 Q3 Q4 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Securities available for sale:
U.S. Treasury $ 2,256,084 $ 2,134,787 $ 1,131,295 $ 121,297 $ 1,124,789
U.S. Agencies 77,151 81,708 159,808 (4,557 ) (82,657 )
Mortgage-backed 7,977,598 7,379,243 4,200,465 598,355 3,777,133
State and political subdivisions 2,466,226 2,425,931 1,241,033 40,295 1,225,193
Corporates 196,425 236,483 321,939 (40,058 ) (125,514 )
Collateralized loan obligations 555,561 557,125 359,053 (1,564 ) 196,508
Total securities available for sale $ 13,529,045 $ 12,815,277 $ 7,413,593 $ 713,768 $ 6,115,452
Securities held to maturity:
U.S. Treasury $ 38,251 $ 8,019 $ — $ 30,232 $ 38,251
U.S. Agencies — — 116,316 — (116,316 )
Mortgage-backed 2,536,279 2,402,963 2,542,385 133,316 (6,106 )
State and political subdivisions 3,137,793 3,045,676 2,765,663 92,117 372,130
Total securities held to maturity $ 5,712,323 $ 5,456,658 $ 5,424,364 $ 255,665 $ 287,959
Trading securities $ 19,155 $ 12,098 $ 25,224 $ 7,057 $ (6,069 )
Other securities 710,772 734,793 466,545 (24,021 ) 244,227
Total securities $ 19,971,295 $ 19,018,826 $ 13,329,726 $ 952,469 $ 6,641,569
  • Average total securities increased 5.0% on a linked-quarter basis and 49.8% compared to the fourth quarter of 2024.
Summary of average deposits - QTD Average UMB Financial Corporation
(unaudited, dollars in thousands)
Q4 Q3 Q4 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Deposits:
Noninterest-bearing demand $ 14,720,416 $ 13,858,827 $ 10,637,616 $ 861,589 $ 4,082,800
Interest-bearing demand and savings 39,299,431 39,555,585 25,367,316 (256,154 ) 13,932,115
Time deposits 3,533,753 3,349,181 2,012,287 184,572 1,521,466
Total deposits $ 57,553,600 $ 56,763,593 $ 38,017,219 $ 790,007 $ 19,536,381
Noninterest bearing deposits as % of total 25.6 % 24.4 % 28.0 %
  • Average deposits increased 1.4% on a linked-quarter basis and 51.4% compared to the fourth quarter of 2024. These increases reflect continued organic momentum across legacy UMB geographies as well as the impact of acquired HTLF balances.

Capital

Capital information UMB Financial Corporation
(unaudited, dollars in thousands, except per share data)
December 31, 2025 September 30, 2025 December 31, 2024
Total equity $ 7,693,568 $ 7,443,950 $ 3,466,541
Total common equity 7,417,284 7,161,853 3,466,541
Accumulated other comprehensive loss, net (261,520 ) (324,842 ) (573,050 )
Book value per common share 97.65 94.29 71.02
Tangible book value per common share (Non-GAAP)(i) 67.02 63.40 65.46
Regulatory capital:
Common equity Tier 1 capital $ 5,459,343 $ 5,226,775 $ 3,802,257
Tier 1 capital 5,753,409 5,520,841 3,802,257
Total capital 6,654,521 6,406,709 4,445,872
Regulatory capital ratios:
Common equity Tier 1 capital ratio 10.96 % 10.70 % 11.29 %
Tier 1 risk-based capital ratio 11.55 11.30 11.29
Total risk-based capital ratio 13.36 13.11 13.21
Tier 1 leverage ratio 8.54 8.33 8.50

(i) See reconciliation of Non-GAAP measures to their nearest comparable GAAP measures later in this release.

  • At December 31, 2025, the regulatory capital ratios presented in the foregoing table exceeded all “well-capitalized” regulatory thresholds.

Asset Quality

Credit quality UMB Financial Corporation
(unaudited, dollars in thousands)
Q4 Q3 Q2 Q1 Q4
2025 2025 2025 2025 2024
Net charge-offs - total loans $ 12,654 $ 18,383 $ 15,462 $ 35,872 $ 8,935
Net loan charge-offs as a % of total average loans 0.13 % 0.20 % 0.17 % 0.45 % 0.14 %
Loans over 90 days past due $ 18,403 $ 6,131 $ 6,813 $ 6,346 $ 7,602
Loans over 90 days past due as a % of total loans 0.05 % 0.02 % 0.02 % 0.02 % 0.03 %
Nonaccrual and restructured loans $ 144,666 $ 131,965 $ 97,029 $ 100,885 $ 19,282
Nonaccrual and restructured loans as a % of total loans 0.37 % 0.35 % 0.26 % 0.28 % 0.08 %
Provision for credit losses $ 25,000 $ 22,500 $ 21,000 $ 86,000 (i) $ 19,000

(i) Provision in the first quarter of 2025 included $62.0 million for Day 1 provision expense to establish an allowance for credit losses on acquired HTLF loans that were designated as non-purchase credit deteriorated (non-PCD) at the close of the transaction.

  • Provision for credit losses for the fourth quarter increased $2.5 million from the linked quarter and increased $6.0 million from the fourth quarter of 2024. The change in provision expense is driven by ongoing recalibrations of econometric loss models and general portfolio trends in the current periods as compared to the prior periods.
  • Net charge-offs for the fourth quarter totaled $12.7 million, or 0.13% of average loans, compared to $18.4 million, or 0.20% of average loans in the linked quarter, and $8.9 million, or 0.14% of average loans for the fourth quarter of 2024.
  • Nonaccrual loans increased to $144.7 million, or 0.37% of total loans; the increase compared to the linked quarter was primarily driven by the addition of one legacy HTLF loan to nonaccrual status.

Conference Call

The company will host a conference call to discuss its fourth quarter 2025 earnings results on Wednesday, January 28, 2026, at 8:30 a.m. (CT).

Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 646-844-6383 and requesting to join the UMB Financial call with access code 066287. The live call may also be accessed by visiting investorrelations.umb.com or by using the following link:

UMB Financial 4Q 2025 Conference Call

A replay of the conference call may be heard through February 11, 2026, by calling (toll-free) 866-813-9403 or (international) 929-458-6194. The replay access code required for playback is 957120. The call replay may also be accessed at investorrelations.umb.com.

Non-GAAP Financial Information

In this release, we provide information about net operating income available to common shareholders, operating earnings per share – diluted (operating EPS), operating return on average common equity (operating ROE), operating return on average assets (operating ROA), operating noninterest expense, operating efficiency ratio, operating pre-tax, pre-provision income (operating PTPP), operating pre-tax, pre-provision earnings per share – diluted (operating PTPP EPS), operating pre-tax, pre-provision income on a fully tax equivalent basis (operating PTPP-FTE), operating pre-tax, pre-provision FTE earnings per share – diluted (operating PTPP-FTE EPS), tangible common shareholders’ equity, and tangible book value per share, all of which are non-GAAP financial measures. This information supplements the results that are reported according to generally accepted accounting principles in the United States (GAAP) and should not be viewed in isolation from, or as a substitute for, GAAP results. The differences between the

non-GAAP financial measures – net operating income available to common shareholders, operating EPS, operating ROE, operating ROA, operating noninterest expense, operating efficiency ratio, operating PTPP, operating PTPP EPS, operating PTPP-FTE, operating PTPP-FTE EPS, tangible common shareholders’ equity, and tangible book value per share – and the nearest comparable GAAP financial measures are reconciled later in this release. The company believes that these non-GAAP financial measures and the reconciliations may be useful to investors because they adjust for acquisition- and severance-related items, and the FDIC special assessment that management does not believe reflect the company’s fundamental operating performance.

Net operating income available to common shareholders for the relevant period is defined as GAAP net income available to common shareholders, adjusted to reflect the impact of excluding expenses related to Day 1 acquisition provision expense, acquisitions, severance expense, the FDIC special assessment, and the cumulative tax impact of these adjustments.

Operating EPS (diluted) is calculated as earnings per share as reported, adjusted to reflect, on a per share basis, the impact of excluding the non-GAAP adjustments described above for the relevant period. Operating ROE is calculated as net operating income available to common shareholders, divided by the company’s average total common shareholders’ equity for the relevant period. Operating ROA is calculated as net operating income available to common shareholders, divided by the company’s average assets for the relevant period. Operating noninterest expense for the relevant period is defined as GAAP noninterest expense, adjusted to reflect the pre-tax impact of non-GAAP adjustments described above. Operating efficiency ratio is calculated as the company’s operating noninterest expense, net of amortization of other intangibles, divided by the company’s total non-GAAP revenue (calculated as net interest income plus noninterest income, less gains on sales of securities available for sale, net).

Operating PTPP income for the relevant period is defined as GAAP net interest income plus GAAP noninterest income, less noninterest expense, adjusted to reflect the impact of excluding expenses related to acquisitions and severance, and the FDIC special assessment.

Operating PTPP-FTE for the relevant period is defined as GAAP net interest income on a fully tax equivalent basis plus GAAP noninterest income, less noninterest expense, adjusted to reflect the impact of excluding expenses related to acquisitions and severance, and the FDIC special assessment.

Tangible common shareholders’ equity for the relevant period is defined as GAAP common shareholders’ equity, net of intangible assets. Tangible book value per share is defined as tangible common shareholders’ equity divided by the Company’s total common shares outstanding.

Forward-Looking Statements:

This press release 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 current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “outlook,” “forecast,” “target,” “trend,” “plan,” “goal,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, results, or aspirations. All forward-looking statements are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Our actual future objectives, strategies, plans, prospects, performance, condition, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events, circumstances, or aspirations to differ from those in forward-looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2024, our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (SEC). In addition to such factors that have been disclosed previously: macroeconomic and adverse developments and uncertainties related to the collateral

effects of the collapse of, and challenges for, domestic and international banks, including the impacts to the U.S. and global economies; sustained levels of high inflation and the potential for an economic recession on the heels of aggressive quantitative tightening by the Federal Reserve; and impacts related to or resulting from instability in the Middle East and Russia’s military action in Ukraine, such as the broader impacts to financial markets and the global macroeconomic and geopolitical environments, may also cause actual results or other future events, circumstances, or aspirations to differ from our forward-looking statements. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except to the extent required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K, or other applicable document that is filed or furnished with the SEC.

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Mo. UMB offers commercial banking, which includes comprehensive deposit, lending, investment and retirement plan services; personal banking, which includes comprehensive deposit, lending, wealth management and financial planning services; and institutional banking, which includes asset servicing, corporate trust solutions, investment banking and healthcare services. UMB operates branches throughout Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, Utah, and Wisconsin. As the company’s reach continues to grow, it also serves business clients nationwide and institutional clients in several countries. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.

Consolidated Balance Sheets
(unaudited, dollars in thousands)
2024
ASSETS
Loans 38,779,408 $ 25,642,301
Allowance for credit losses on loans (419,478 ) (259,089 )
Net loans 38,359,930 25,383,212
Loans held for sale 2,030 2,756
Securities:
Available for sale 13,709,141 7,774,334
Held to maturity, net of allowance for credit losses 5,722,543 5,376,267
Trading securities 22,331 28,533
Other securities 676,300 471,018
Total securities 20,130,315 13,650,152
Federal funds sold and resell agreements 1,548,093 545,000
Interest-bearing due from banks 6,940,535 7,986,270
Cash and due from banks 952,547 573,175
Premises and equipment, net 398,271 221,773
Accrued income 349,639 246,095
Goodwill 1,839,825 207,385
Other intangibles, net 486,869 63,647
Other assets 2,086,036 1,530,199
Total assets 73,094,090 $ 50,409,664
LIABILITIES
Deposits:
Noninterest-bearing demand 17,143,341 $ 13,617,167
Interest-bearing demand and savings 39,752,587 27,397,195
Time deposits under 250,000 1,934,617 969,132
Time deposits of 250,000 or more 1,826,245 1,158,535
Total deposits 60,656,790 43,142,029
Federal funds purchased and repurchase agreements 3,324,938 2,609,715
Long-term debt 474,229 385,292
Accrued expenses and taxes 435,351 368,457
Other liabilities 509,214 437,630
Total liabilities 65,400,522 46,943,123
SHAREHOLDERS' EQUITY
Series B Fixed-Rate Reset Non-Cumulative Perpetual Preferred stock 294,066 —
Common stock 78,666 55,057
Capital surplus 4,011,047 1,145,638
Retained earnings 3,736,413 3,174,948
Accumulated other comprehensive loss, net (261,520 ) (573,050 )
Treasury stock (165,104 ) (336,052 )
Total shareholders' equity 7,693,568 3,466,541
Total liabilities and shareholders' equity 73,094,090 $ 50,409,664

All values are in US Dollars.

Consolidated Statements of Income UMB Financial Corporation
(unaudited, dollars in thousands except share and per share data)
Three Months Ended Year Ended
December 31, December 31,
2025 2024 2025 2024
INTEREST INCOME
Loans $ 646,404 $ 410,631 $ 2,415,279 $ 1,612,948
Securities:
Taxable interest 145,921 71,403 504,630 257,562
Tax-exempt interest 34,184 24,387 130,206 99,375
Total securities income 180,105 95,790 634,836 356,937
Federal funds and resell agreements 13,102 5,902 38,152 17,628
Interest-bearing due from banks 47,104 42,314 264,915 182,145
Trading securities 161 331 1,098 1,351
Total interest income 886,876 554,968 3,354,280 2,171,009
INTEREST EXPENSE
Deposits 327,108 255,303 1,336,549 982,302
Federal funds and repurchase agreements 26,859 23,745 108,704 106,558
Other 10,409 6,946 46,822 81,257
Total interest expense 364,376 285,994 1,492,075 1,170,117
Net interest income 522,500 268,974 1,862,205 1,000,892
Provision for credit losses 25,000 19,000 154,500 61,050
Net interest income after provision for credit losses 497,500 249,974 1,707,705 939,842
NONINTEREST INCOME
Trust and securities processing 92,428 76,861 343,398 290,571
Trading and investment banking 6,198 6,185 25,305 24,226
Service charges on deposit accounts 27,734 21,405 113,206 84,512
Insurance fees and commissions 236 425 910 1,257
Brokerage fees 20,495 18,635 79,592 61,564
Bankcard fees 29,052 21,089 113,924 87,797
Investment securities gains, net 2,157 593 30,967 10,720
Other 20,069 20,018 82,748 67,470
Total noninterest income 198,369 165,211 790,050 628,117
NONINTEREST EXPENSE
Salaries and employee benefits 228,605 161,062 883,883 593,913
Occupancy, net 19,933 11,272 73,722 47,539
Equipment 14,978 15,312 64,915 63,406
Supplies and services 6,843 3,173 28,503 14,845
Marketing and business development 15,246 8,999 45,682 28,439
Processing fees 43,350 30,565 172,846 117,899
Legal and consulting 23,614 12,229 92,304 46,207
Bankcard 12,570 9,398 49,503 44,265
Amortization of other intangible assets 25,454 1,917 93,521 7,705
Regulatory fees 3,164 5,255 28,751 31,904
Other 31,803 11,179 89,170 30,564
Total noninterest expense 425,560 270,361 1,622,800 1,026,686
Income before income taxes 270,309 144,824 874,955 541,273
Income tax expense 54,954 24,827 172,557 100,030
NET INCOME 215,355 119,997 702,398 441,243
Less: Preferred dividends 5,812 — 17,781 —
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 209,543 $ 119,997 $ 684,617 $ 441,243
PER SHARE DATA
Net income per common share – basic $ 2.76 $ 2.46 $ 9.35 $ 9.05
Net income per common share – diluted 2.74 2.44 9.29 8.99
Dividends per common share 0.43 0.40 1.63 1.57
--- --- --- --- ---
Weighted average common shares outstanding – basic 75,956,829 48,807,081 73,259,082 48,747,814
Weighted average common shares outstanding – diluted 76,417,070 49,178,891 73,670,643 49,056,956
Consolidated Statements of Comprehensive Income UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands)
Three Months Ended Year Ended
December 31, December 31,
2025 2024 2025 2024
Net income $ 215,355 $ 119,997 $ 702,398 $ 441,243
Other comprehensive income (loss), before tax:
Unrealized gains and losses on debt securities:
Change in unrealized holding gains and losses, net 78,069 (183,961 ) 343,056 (8,956 )
Less: Reclassification adjustment for net losses (gains) included in net income 41 — (473 ) (139 )
Amortization of net unrealized loss on securities transferred from available-for-sale to held-to-maturity 7,763 8,560 32,049 35,905
Change in unrealized gains and losses on debt securities 85,873 (175,401 ) 374,632 26,810
Unrealized gains and losses on derivative hedges:
Change in unrealized gains and losses on derivative hedges, net (3,679 ) (58,542 ) 32,973 (40,530 )
Less: Reclassification adjustment for net losses (gains) included in net income 2,156 (677 ) 7,287 (8,069 )
Change in unrealized gains and losses on derivative hedges (1,523 ) (59,219 ) 40,260 (48,599 )
Other comprehensive income (loss), before tax 84,350 (234,620 ) 414,892 (21,789 )
Income tax (expense) benefit (21,028 ) 57,426 (103,362 ) 5,674
Other comprehensive income (loss) 63,322 (177,194 ) 311,530 (16,115 )
Comprehensive income (loss) $ 278,677 $ (57,197 ) $ 1,013,928 $ 425,128
Consolidated Statements of Shareholders' Equity UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands except per share data)
Common Stock Capital Surplus Retained Earnings Accumulated Other Comprehensive (Loss) Income Treasury Stock Total
Balance - January 1, 2024 — $ 55,057 $ 1,134,363 $ 2,810,824 $ (556,935 ) $ (342,890 ) $ 3,100,419
Total comprehensive income — — — 441,243 (16,115 ) — 425,128
Dividends (1.57 per share) — — — (77,119 ) — — (77,119 )
Purchase of treasury stock — — — — — (7,738 ) (7,738 )
Issuances of equity awards, net of forfeitures — — (11,220 ) — — 11,923 703
Recognition of equity-based compensation — — 21,876 — — — 21,876
Sale of treasury stock — — 342 — — 240 582
Exercise of stock options — — 1,690 — — 2,413 4,103
Common stock issuance costs — — (1,413 ) — — — (1,413 )
Balance - December 31, 2024 — $ 55,057 $ 1,145,638 $ 3,174,948 $ (573,050 ) $ (336,052 ) $ 3,466,541
Balance - January 1, 2025 — $ 55,057 $ 1,145,638 $ 3,174,948 $ (573,050 ) $ (336,052 ) $ 3,466,541
Total comprehensive income — — — 702,398 311,530 — 1,013,928
Cash dividends declared:
Preferred dividends Series A (350.00 per share) — — — (4,025 ) — — (4,025 )
Preferred dividends Series B (458.54 per share) — — — (13,756 ) — — (13,756 )
Common dividends (1.63 per share) — — — (123,357 ) — — (123,357 )
Purchase of treasury stock — — — — — (17,628 ) (17,628 )
Issuances of equity awards, net of forfeitures — — (18,816 ) — — 19,616 800
Recognition of equity-based compensation — — 57,334 — — — 57,334
Sale of treasury stock — — 343 — — 351 694
Exercise of stock options — — 90 — — 524 614
Common stock issuance — — 67,056 — — 168,085 235,141
Preferred stock issuance, net of issuance costs 294,066 — — — — — 294,066
Preferred stock redemption (110,705 ) — (4,500 ) 205 — — (115,000 )
Stock issuance for acquisition, net of issuance costs 110,705 23,609 2,763,902 — — — 2,898,216
Balance - December 31, 2025 294,066 $ 78,666 $ 4,011,047 $ 3,736,413 $ (261,520 ) $ (165,104 ) $ 7,693,568

All values are in US Dollars.

Average Balances / Yields and Rates UMB Financial Corporation
(tax - equivalent basis)
(unaudited, dollars in thousands)
Three Months Ended December 31,
2025 2024
Average Average Average Average
Balance Yield/Rate Balance Yield/Rate
Assets
Loans, net of unearned interest $ 38,344,072 6.69 % $ 25,289,788 6.46 %
Securities:
Taxable 15,420,641 3.75 9,739,156 2.92
Tax-exempt 4,531,499 3.75 3,565,346 3.42
Total securities 19,952,140 3.75 13,304,502 3.05
Federal funds and resell agreements 1,134,978 4.58 429,898 5.46
Interest-bearing due from banks 4,710,503 3.97 3,573,884 4.71
Trading securities 19,155 3.71 25,224 5.68
Total earning assets 64,160,848 5.54 42,623,296 5.24
Allowance for credit losses (399,848 ) (250,824 )
Other assets 5,803,859 2,608,524
Total assets $ 69,564,859 $ 44,980,996
Liabilities and Shareholders' Equity
Interest-bearing deposits $ 42,833,184 3.03 % $ 27,379,603 3.71 %
Federal funds and repurchase agreements 2,961,176 3.60 2,250,507 4.20
Borrowed funds 472,613 8.74 409,474 6.75
Total interest-bearing liabilities 46,266,973 3.12 30,039,584 3.79
Noninterest-bearing demand deposits 14,720,416 10,637,616
Other liabilities 919,381 776,031
Shareholders' equity 7,658,089 3,527,765
Total liabilities and shareholders' equity $ 69,564,859 $ 44,980,996
Net interest spread 2.42 % 1.45 %
Net interest margin 3.29 2.57
Average Balances / Yields and Rates UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- ---
(tax - equivalent basis)
(unaudited, dollars in thousands)
Year Ended December 31,
2025 2024
Average Average Average Average
Balance Yield/Rate Balance Yield/Rate
Assets
Loans, net of unearned interest $ 36,069,274 6.70 % $ 24,212,645 6.66 %
Securities:
Taxable 13,844,165 3.65 9,290,809 2.77
Tax-exempt 4,284,530 3.80 3,634,588 3.44
Total securities 18,128,695 3.68 12,925,397 2.96
Federal funds and resell agreements 777,206 4.91 303,096 5.82
Interest-bearing due from banks 6,095,348 4.35 3,482,402 5.23
Trading securities 17,183 6.79 22,311 6.53
Total earning assets 61,087,706 5.54 40,945,851 5.37
Allowance for credit losses (369,496 ) (235,370 )
Other assets 5,537,862 2,479,363
Total assets $ 66,256,072 $ 43,189,844
Liabilities and Shareholders' Equity
Interest-bearing deposits $ 40,981,808 3.26 % $ 25,224,201 3.89 %
Federal funds and repurchase agreements 2,822,046 3.85 2,338,455 4.56
Borrowed funds 581,469 8.05 1,447,646 5.61
Total interest-bearing liabilities 44,385,323 3.36 29,010,302 4.03
Noninterest-bearing demand deposits 14,105,537 10,077,251
Other liabilities 871,439 769,479
Shareholders' equity 6,893,773 3,332,812
Total liabilities and shareholders' equity $ 66,256,072 $ 43,189,844
Net interest spread 2.18 % 1.34 %
Net interest margin 3.10 2.51
Business Segment Information UMB Financial Corporation
--- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands)
Three Months Ended December 31, 2025
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 363,050 $ 69,825 $ 89,625 $ 522,500
Provision for credit losses 22,004 519 2,477 25,000
Noninterest income 43,084 117,331 37,954 198,369
Noninterest expense 194,460 111,047 120,053 425,560
Income before taxes 189,670 75,590 5,049 270,309
Income tax expense 38,560 15,367 1,027 54,954
Net income $ 151,110 $ 60,223 $ 4,022 $ 215,355
Three Months Ended December 31, 2024
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 180,737 $ 52,466 $ 35,771 $ 268,974
Provision for credit losses 16,012 401 2,587 19,000
Noninterest income 30,306 108,784 26,121 165,211
Noninterest expense 95,402 107,188 67,771 270,361
Income (loss) before taxes 99,629 53,661 (8,466 ) 144,824
Income tax expense (benefit) 17,483 8,649 (1,305 ) 24,827
Net income (loss) $ 82,146 $ 45,012 $ (7,161 ) $ 119,997
Year Ended December 31, 2025
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 1,291,140 $ 258,312 $ 312,753 $ 1,862,205
Provision for credit losses 126,554 1,844 26,102 154,500
Noninterest income 179,612 444,502 165,936 790,050
Noninterest expense 725,151 434,063 463,586 1,622,800
Income (loss) before taxes 619,047 266,907 (10,999 ) 874,955
Income tax expense (benefit) 122,087 52,639 (2,169 ) 172,557
Net income (loss) $ 496,960 $ 214,268 $ (8,830 ) $ 702,398
Year Ended December 31, 2024
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 668,235 $ 197,174 $ 135,483 $ 1,000,892
Provision for credit losses 51,781 1,155 8,114 61,050
Noninterest income 134,500 393,984 99,633 628,117
Noninterest expense 367,135 397,316 262,235 1,026,686
Income (loss) before taxes 383,819 192,687 (35,233 ) 541,273
Income tax expense (benefit) 71,367 35,016 (6,353 ) 100,030
Net income (loss) $ 312,452 $ 157,671 $ (28,880 ) $ 441,243

The company has strategically aligned its operations into the following three reportable segments: Commercial Banking, Institutional Banking, and Personal Banking. Senior executive officers regularly evaluate business segment financial results produced by the company’s internal reporting system in deciding how to allocate resources and assess performance for individual business segments. The company’s reportable segments include certain corporate overhead, technology and service costs that are allocated based on methodologies that are applied consistently between periods. For comparability purposes, amounts in all periods are based on methodologies in effect at December 31, 2025.

Non-GAAP Financial Measures

Net operating income available to common shareholders Non-GAAP reconciliations: UMB Financial Corporation
(unaudited, dollars in thousands except per share data)
Three Months Ended December 31, Year Ended December 31,
2025 2024 2025 2024
Net income available to common shareholders (GAAP) $ 209,543 $ 119,997 $ 684,617 $ 441,243
Adjustments:
Day 1 acquisition provision expense — — 62,037 —
Acquisition expense 39,697 3,658 141,963 16,250
Severance expense 58 245 1,280 569
FDIC special assessment (5,989 ) (826 ) (7,765 ) 6,644
Tax-impact of adjustments (i) (8,103 ) (497 ) (46,123 ) (2,961 )
Total Non-GAAP adjustments (net of tax) 25,663 2,580 151,392 20,502
Net operating income (Non-GAAP) $ 235,206 $ 122,577 $ 836,009 $ 461,745
Earnings per common share - diluted (GAAP) $ 2.74 $ 2.44 $ 9.29 $ 8.99
Day 1 acquisition provision expense — — 0.85 —
Acquisition expense 0.52 0.07 1.92 0.33
Severance expense — — 0.02 0.01
FDIC special assessment (0.08 ) (0.01 ) (0.11 ) 0.14
Tax-impact of adjustments (i) (0.10 ) (0.01 ) (0.62 ) (0.06 )
Operating earnings per common share - diluted (Non-GAAP) $ 3.08 $ 2.49 $ 11.35 $ 9.41
GAAP
Return on average assets 1.20 % 1.06 % 1.03 % 1.02 %
Return on average common equity 11.27 13.53 10.24 13.24
Non-GAAP
Operating return on average assets 1.34 % 1.08 % 1.26 % 1.07 %
Operating return on average common equity 12.65 13.82 12.51 13.85

(i) Calculated using the company’s marginal tax rate of 24.0% for 2025 and 23.0% for 2024. Certain merger-related expenses are non-deductible.

Operating noninterest expense and operating efficiency ratio Non-GAAP reconciliations: UMB Financial Corporation
(unaudited, dollars in thousands)
Three Months Ended December 31, Year Ended December 31,
2025 2024 2025 2024
Noninterest expense $ 425,560 $ 270,361 $ 1,622,800 $ 1,026,686
Adjustments to arrive at operating noninterest expense (pre-tax):
Acquisition expense 39,697 3,658 141,963 16,250
Severance expense 58 245 1,280 569
FDIC special assessment (5,989 ) (826 ) (7,765 ) 6,644
Total Non-GAAP adjustments (pre-tax) 33,766 3,077 135,478 23,463
Operating noninterest expense (Non-GAAP) $ 391,794 $ 267,284 $ 1,487,322 $ 1,003,223
Noninterest expense $ 425,560 $ 270,361 $ 1,622,800 $ 1,026,686
Less: Amortization of other intangibles 25,454 1,917 93,521 7,705
Noninterest expense, net of amortization of other intangibles (Non-GAAP) (numerator A) $ 400,106 $ 268,444 $ 1,529,279 $ 1,018,981
Operating noninterest expense $ 391,794 $ 267,284 $ 1,487,322 $ 1,003,223
Less: Amortization of other intangibles 25,454 1,917 93,521 7,705
Operating expense, net of amortization of other intangibles (Non-GAAP) (numerator B) $ 366,340 $ 265,367 $ 1,393,801 $ 995,518
Net interest income $ 522,500 $ 268,974 $ 1,862,205 $ 1,000,892
Noninterest income 198,369 165,211 790,050 628,117
Less: (Losses) gains on sales of securities available for sale, net (41 ) — 473 139
Total Non-GAAP Revenue (denominator A) $ 720,910 $ 434,185 $ 2,651,782 $ 1,628,870
Efficiency ratio (numerator A/denominator A) 55.50 % 61.83 % 57.67 % 62.56 %
Operating efficiency ratio (Non-GAAP) (numerator B/denominator A) 50.82 61.12 52.56 61.12
Operating pre-tax, pre-provision income non-GAAP reconciliations: UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands except per share data)
Three Months Ended December 31, Year Ended December 31,
2025 2024 2025 2024
Net interest income (GAAP) $ 522,500 $ 268,974 $ 1,862,205 $ 1,000,892
Noninterest income (GAAP) 198,369 165,211 790,050 628,117
Noninterest expense (GAAP) 425,560 270,361 1,622,800 1,026,686
Adjustments to arrive at operating noninterest expense:
Acquisition expense 39,697 3,658 141,963 16,250
Severance expense 58 245 1,280 569
FDIC special assessment (5,989 ) (826 ) (7,765 ) 6,644
Total Non-GAAP adjustments 33,766 3,077 135,478 23,463
Operating noninterest expense (Non-GAAP) 391,794 267,284 1,487,322 1,003,223
Operating pre-tax, pre-provision income (Non-GAAP) $ 329,075 $ 166,901 $ 1,164,933 $ 625,786
Net interest income earnings per common share - diluted (GAAP) $ 6.84 $ 5.47 $ 25.28 $ 20.40
Noninterest income (GAAP) 2.60 3.36 10.72 12.80
Noninterest expense (GAAP) 5.57 5.50 22.03 20.93
Acquisition expense 0.52 0.07 1.92 0.33
Severance expense — — 0.02 0.01
FDIC special assessment (0.08 ) (0.01 ) (0.11 ) 0.14
Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP) $ 4.31 $ 3.39 $ 15.80 $ 12.75
Operating pre-tax, pre-provision income - FTE Non-GAAP reconciliations: UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands except per share data)
Three Months Ended December 31, Year Ended December 31,
2025 2024 2025 2024
Net interest income (GAAP) $ 522,500 $ 268,974 $ 1,862,205 $ 1,000,892
Adjustments to arrive at net interest income - FTE:
Tax equivalent interest 8,762 6,369 32,872 25,893
Net interest income - FTE (Non-GAAP) 531,262 275,343 1,895,077 1,026,785
Noninterest income (GAAP) 198,369 165,211 790,050 628,117
Noninterest expense (GAAP) 425,560 270,361 1,622,800 1,026,686
Adjustments to arrive at operating noninterest expense:
Acquisition expense 39,697 3,658 141,963 16,250
Severance expense 58 245 1,280 569
FDIC special assessment (5,989 ) (826 ) (7,765 ) 6,644
Total Non-GAAP adjustments 33,766 3,077 135,478 23,463
Operating noninterest expense (Non-GAAP) 391,794 267,284 1,487,322 1,003,223
Operating pre-tax, pre-provision income - FTE (Non-GAAP) $ 337,837 $ 173,270 $ 1,197,805 $ 651,679
Net interest income earnings per common share - diluted (GAAP) $ 6.84 $ 5.47 $ 25.28 $ 20.40
Tax equivalent interest 0.11 0.13 0.45 0.53
Net interest income - FTE (Non-GAAP) 6.95 5.60 25.73 20.93
Noninterest income (GAAP) 2.60 3.36 10.72 12.80
Noninterest expense (GAAP) 5.57 5.50 22.03 20.93
Acquisition expense 0.52 0.07 1.92 0.33
Severance expense — — 0.02 0.01
FDIC special assessment (0.08 ) (0.01 ) (0.11 ) 0.14
Operating pre-tax, pre-provision income - FTE earnings per common share - diluted (Non-GAAP) $ 4.42 $ 3.52 $ 16.25 $ 13.28
Tangible book value non-GAAP reconciliations: UMB Financial Corporation
--- --- --- --- ---
(unaudited, dollars in thousands except share and per share data)
As of December 31,
2025 2024
Total common shareholders' equity (GAAP) $ 7,417,284 $ 3,466,541
Less: Intangible assets
Goodwill 1,839,825 207,385
Other intangibles, net 486,869 63,647
Total intangibles, net 2,326,694 271,032
Total tangible common shareholders' equity (Non-GAAP) $ 5,090,590 $ 3,195,509
Total common shares outstanding 75,960,675 48,814,177
Ratio of total common shareholders' equity (book value) per share $ 97.65 $ 71.02
Ratio of total tangible common shareholders' equity (tangible book value) per share (Non-GAAP) 67.02 65.46

Slide 1

4th Quarter 2025 Update January 27, 2026

Slide 2

Presentation Index Corporate Overview & Investment Thesis 4th Quarter 2025 Results Long-Term Performance Trends Appendix 3 11 29 40 48 Board of Directors Forward-Looking Statements Non-GAAP Reconciliations Please refer to the Forward-Looking Statements on slide 50 for important disclosures about information contained in this presentation. Select Financial Statements Purchase Accounting Update 8 Line of Business Updates Peer Group

Slide 3

Corporate Overview Asset-based lending Healthcare Services National Presence International Presence UMBF Trust & Agency Services – Dublin, Ireland Specialized Lending Verticals Corporate Trust Capital Markets (6) Fund Services Private Wealth Management & Personal Trust 193 banking centers (5) 347 ATMs UMB Bank Presence UMB Financial Corporation Headquarters Highlights At, or for the 3 months ended 12/31/25. (1) Includes $18.2B in managed assets and $2.4B in Assets Under Administration for Private Wealth customers; (2) Includes AUA in Fund Services / custody, corporate trust and Healthcare Services; (3) Operating ROATCE is a non-GAAP measure, reconciled on slide 54; (4) Operating efficiency ratio is a non-GAAP measure; reconciled on slide 53; (5) As of 12/31/25, we had 193 physical locations licensed with the OCC, including 190 retail branches plus 3 commercial or private banking centers; (6) UMB Bank, n.a. Capital Markets Division.

Slide 4

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. Average loans: $4.6B (1) (2) Average deposits: $13.2B Retail deposit and lending services through 193 banking centers (3) and online Private banking services Consumer mortgage AUM = $18.2B AUA = $2.4B Financial & estate planning Investment management Wealth solutions Business succession and exit planning Trust and custody Direct private equity investment access Insurance settlements Retirement plan services C&I lending Small business lending CRE and Construction lending Specialized Expertise: Average loans: $32.9B (1) Average deposits: $26.1B Agribusiness Energy Practice finance Franchise lending Mezzanine debt and equity investments Commercial Consumer Private Wealth Institutional Banking Services 4Q’25 Revenue: $187.2 million; FY’25 Revenue: $702.8 million; 4Q‘25 Average Deposits: $18.2 billion. Institutional Banking provides solutions for the entire marketplace; $640.3 billion in AUA (4) Corporate Trust Bond trustee, paying agent and escrow services Institutional Custody Domestic and international custody services Fund Services Fund accounting and administration; transfer agency Alternative investment servicing Specialty Trust & Agency Solutions Default workout and successor trustee services Aviation, ABS and loan agency services CLO trustee and loan administration services Capital Markets Division (5) Fixed income sales and trading Public finance Asset / liability management services Investor Solutions Banking, cash management and specialty services for financial firms Healthcare Services Health savings and benefit spending accounts Healthcare payment solutions Aviation Asset-based lending Beverage Healthcare lending Treasury management Merchant payments Retirement plan services Metrics at, or for quarter ended, 12/31/25. (1) Excludes credit card; (2) Includes consumer plus residential real estate loans; (3) As of 12/31/25, we had 193 physical locations licensed with the OCC, including 190 retail branches plus 3 commercial or private banking centers; (4) Includes AUA in Fund Services/custody, corporate trust and Healthcare Services; (5) Products offered through UMB Bank Capital Markets Division: NOT FDIC INSURED | MAY LOSE VALUE  | NOT BANK GUARANTEED.

Slide 5

Investment Thesis Opportunity in Our Diverse Business Model Track record of strong loan growth – opportunities remain Underpenetrated across our geographic footprint, focused on market share gains Underpenetrated vertically on an asset class basis; built out specialized teams Opportunity to leverage capacity and capabilities in newly-acquired markets 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 services Flexible balance sheet well-positioned for changing interest rate environments Above peer earning asset growth Lower loan-to-deposit ratio provides flexibility 26% of average deposit balances in DDA Focus on returning value to shareholders; risk-adjusted returns EPS and tangible book value growth outpace peers over the long-term Consistent dividend growth Differentiated revenue profile and growing fee income Revenue from diverse lines of business and verticals provide a natural hedge in a variety of rate environments Lower-than-peer reliance on mortgage and NSF/OD revenue Time-tested underwriting philosophy Unwavering credit standards Excellent long-term UMB track record; result of long-tenured credit team – average of 25 years with UMB Chief Credit Officer – 40 years with UMB Variable asset base – 73% of total loans reprice within 12 months $3.1 billion of fixed-rate loans to reprice within 12 months; average rate 4.93% $2.2 billion of securities cash flow expected within 12 months; average rate 3.62% Ample liquidity sources and regulatory capital levels Access to multiple contingent funding sources Strong capital generation through earnings accretion

Slide 6

Beyond Financials Our Culture Our Values Our Commitment Our Vision the unparalleled customer experience 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 everyone we serve. Performance & Strength We achieve sustainable greatness by delivering on our promise, remaining independent and maintaining financial soundness. Associate Spirit We rely upon our people and their collective attitude and skills to differentiate us from our competitors. Inclusion & Diversity We believe an inclusive and diverse culture energizes the workplace and ignites innovation. 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. the unparalleled customer experience An unwavering commitment to doing more for our customers. Whether it’s having a heart for each other, our customers or our communities, we support work through inclusive policies and empowering people to create fulfilling lives in and out of the workplace. MORE HEART Our goal is to grow existing strengths and build new skills. We’re committed to empowering our workforce to make an impact and achieve their goals through open conversations and providing the tools to develop potential. MORE OPPORTUNITY MORE TRUST Our associates have confidence they will be encouraged and expected to do the right thing at all times — no matter what. We’re focused on setting clear expectations and a leadership team who is accessible and transparent.

Slide 7

Beyond Financials Our Commitment to Corporate Citizenship Read our 2024 Corporate Citizenship Report at UMB.com/ESGreport; 2025 available April 2026 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. Remaining committed to the prosperity of the communities we serve. Using an ESG lens in considering long-term financial sustainability and strategic risk management opportunities. ESG Efforts We are a CEO Action for Inclusion & Diversity signatory and are dedicated to fostering a workplace that embraces the diversity of our society. Eight Business Resource Groups help us understand the needs of our associates, customers and communities and turn empathy into action. In 2024, 29% of all legacy UMB hires were people of color, 49% were women and 2% were veterans. 47% of our executive leadership team are women and/or people of color. Fostering an inclusive environment among a diverse group of associates. Employing strong, consistent and transparent governance practices. Efficient & Sensible Resource Use Strong Corporate Governance Inclusion & Diversity 16-person board of directors, with 15 independent members, a lead independent director, and 100% independence on board committees. 44% board diversity, including 6 female directors. Robust risk oversight with distinct risk management committees: enterprise risk, asset and liability, and credit. Board oversight of the executive ESG Committee. Community Impact $5.5mm in community support in 2024, which included housing needs, the arts, agriculture, small business, and education. In 2024 >800 associates participated in our matching gift program; combined with workplace giving, associated giving totaled nearly $610k. Associates receive 16 hours of paid Volunteer Time Off annually. 661 participants logged more than 8,300 hours of volunteer time in 2024, supporting 346 unique charities. UMB’s School of Economics held 140 sessions in 2024, reaching more than 8,000 students. Interactive education experiences help build financial skills and literacy. 85 UMB locations use automated systems to conserve energy. More than 136k Kilowatt hours generated from solar panels across our properties and exterior lighting upgrades saved 1.7mm Kilowatt hours in 2024. 2024 recycling efforts produced > 10 tons of comingled recycling, nearly 7 tons of cardboard and 443 pounds of recycled batteries. Beehives housed at a Denver branch support the local honeybee population, with a peak of 250k resident bees across 6 colonies. Since installation, we’ve harvested 390 pounds of edible honey.

Slide 8

Purchase Accounting Update

Slide 9

HTLF Acquisition Accounting Impacts (1) Loan amounts recognized for 4Q’25 include $12.3mm in accelerated accretion from early payoffs of acquired loans and $35.2mm in contractual mark accretion on loans; YTD = $33.9mm from accelerations and $113.9mm contractual loan accretion; (2) 10-year sum-of-years digits amortization; (3) Includes $22.6mm related to wealth management, straight-line amortization over 7 years, and $7.6mm related to purchased credit card relationships, straight-line amortization over 3 years. Net Interest Margin Impact Net Interest Income Accretion Non-interest Expense Amortization $ in millions $ in millions

Slide 10

Projected Contractual Accretion $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 $ in millions

Slide 11

4th Quarter 2025 Financial Review

Slide 12

4Q 2025 Highlights – Income Statement (1) Net interest income-FTE, operating noninterest expense and net operating income and EPS available to common shareholders are non-GAAP measures, reconciled on slides 51 and 52. 3Q ’25 4Q ’25 4Q ’24 $ in millions, except per share amounts Linked-Quarter Commentary

Slide 13

4Q 2025 Highlights – Balance Sheet & Credit 3Q ’25 4Q ’25 4Q ’24 $ in millions Linked-Quarter Commentary

Slide 14

4Q 2025 Net Income $166.9 $233.3 $309.2 $293.4 $329.1 Dollars in millions, except per share amounts. (1) Net operating income available to common shareholders is a non-GAAP measure, reconciled on slide 51; (2) Operating PTPP income and EPS is a non-GAAP measure, reconciled on slide 52; (3) Net gains/losses on any disposition or impairment of debt securities plus mark-to-market valuations of equity investments. EPS / common share (GAAP) Net Inc. Avail. to Common Shareholders Op. EPS / common share (1) Adjustments to Net Income $235.2 $122.6 $168.9 $225.4 $206.5 Net Income & Net Operating Income (1) Operating PTPP Income (2) Operating PTPP Income – gains/losses on inv. securities (3) Operating PTPP Income, ex. gains/losses on inv. securities Operating PTPP EPS (2) Available to Common Shareholders

Slide 15

Revenue Trends $ in millions Linked-Quarter $ ∆ % ∆ 4Q ’25 3Q ’25 4Q ’24 1Q ’25 2Q ’25

Slide 16

Net Interest Income & Margin 4Q ’24 1Q ’25 2Q ’25 3Q ’25 4Q ’25 NII, ex. PAA NII from PAA Reported NIM NIM ex. PAA $397.6 $467.0 $475.0 $522.5 $269.0 $ in millions $ in millions 2.75% 2.83% 2.78% 2.96%

Slide 17

Noninterest Income Fee Income / Revenue Peer Median Fee Income / Revenue (1) (1) UMB peers (15 banks), data as of latest available quarter; Source: S&P Capital IQ. Peer group defined on slide 56. Investment Securities Gains (Losses) Brokerage Fees Trust / Securities Processing Bankcard Fees Trading / Invest. Banking Other Income Deposit Svc. Charges. $165.2 $166.2 $222.2 $203.3 $198.4 Composition / Changes in Inv. Securities Gains (Losses) and Trust & Securities Processing Linked-Quarter Commentary $ in millions $ in millions Linked-Quarter Noninterest income decreased $4.9mm to $198.4mm for 4Q’25. Results included several market-related variances, offset by continued momentum in our fee businesses. LQ drivers: - $9.2mm in company-owned life insurance (“COLI”) and bank-owned life insurance (“BOLI”) income; COLI decrease is offset by a proportionate decrease in deferred compensation expense - $2.9mm in derivative income related to decreased customer swap activity versus elevated 3Q levels - $2.5mm related to a nonrecurring legal settlement received in 3Q'25 - $1.4mm in deposit service charges Partially offset by: + $6.3mm swing included gains on equity investments partially offset by a $4.8mm linked-quarter market value loss in VOYG stock, and + $4.5mm in trust and securities processing income, see below for detail

Slide 18

Noninterest Expense (1) Operating noninterest expense is a non-GAAP metric, reconciled on slide 52; (2) See slide 12 for additional detail on acquisition expense. Linked-Quarter Commentary 4Q ’24 1Q ’25 2Q ’25 3Q ’25 4Q ’25 GAAP expense; $ in millions Linked-Quarter $ ∆ % ∆ GAAP noninterest expense increased $6.3mm, or 1.5% from 3Q’25 to $425.6mm. On an operating basis, which excludes acquisition expense(2), severance expense and adjustments to FDIC special assessments, noninterest expense was $391.8mm, an increase of $6.8mm, or 1.8% linked-quarter. (1) Notable 4Q’25 variances impacting operating noninterest expense: + $10.5mm in incentive compensation related to strong performance + $3.4mm related to increased charitable contributions + $1.1mm in marketing spend on retail ad campaigns   Partially offset by: - $5.8mm variance in deferred compensation expense, the offset to reduced COLI income

Slide 19

$ 37,139 $ 38,344 $ 25,290 $ 32,310 Diversified Loan Portfolio $ 36,407 4Q ’24 3Q ’25 4Q ’25 6.28% Linked-Quarter $ ∆ California: 3% Illinois: 2% Wisconsin: 2% Greater MO: 3% Kansas: 1% New Mexico: 2% Iowa: 1% Minnesota: 1% Nebraska: 1% Oklahoma: 1% Smaller Regions: Kansas City 25% Colorado 19% Arizona 11% St. Louis 13% Texas 10% Loans Across Our Footprint Avg. balances; $ in millions Avg. balances; $ in millions 6.26% Inv. CRE Asset-Based C&I Resi. R/E Consumer Construction Credit Card Avg. Loan Yield Loan Yield ex. PAA OO CRE 6.27% % ∆ 6. 14% * Includes NDFI loans. * Utah 5%

Slide 20

Quarterly Loan Activity (1) Net of loan marks & balances reclassified to securities portfolio; (2) Percentage impacted by acquired loan balances. (2) (1) 4Q ’25 3Q ’25 4Q ’24 1Q ’25 2Q ’25 $ in millions

Slide 21

Strong Asset Quality Dollars in millions. (1) Delinquencies represent accruing loans > 30 days past due. Net Loan Charge-Offs (Recoveries) Delinquencies (1) Nonperforming Loans Allowance for Credit Losses on Loans Allowance for Credit Losses on Loans ACL / Total Loans Net Charge-offs NCOs / Average Loans Delinquencies Delinquencies / Loans Nonperforming Loans NPLs / Total Loans

Slide 22

Detailed Net Charge-Off History Recent Quarterly Trends Annual 2009 2010 2008 2004 2005 2006 2007 2011 2012 2013 2014 2019 2020 2018 2015 2016 2017 2021 2022 2023 2024 4Q ’25 3Q ’25 4Q ’24 1Q ’25 2Q ’25 2025

Slide 23

Allowance for Credit Losses Loans, Leases and HTM Securities $ in millions (1) Includes additional impairments on acquired PCD loans subsequent to January 31, 2025, based on credit factors that were determined to be in existence as of the date of acquisition.

Slide 24

Available-for-Sale (1) High-Quality Investment Portfolio $7,414 $9,635 $11,407 $12,815 $5,424 $5,628 $5,598 $5,712 Average balances - $ in millions Average Blended Yield Treasuries Corp. & Commercial Paper GNMA/GSE Mortgage-Backed GSE Agencies General Obligation Municipals Collateralized Loan Obligations Revenue Bonds $13,529 (1) Balances are presented at carrying value, which is fair value for the available-for-sale portfolio and amortized cost for the held-to-maturity portfolio. Average balances - $ in millions Held-to-Maturity (1) $5,455

Slide 25

Securities Portfolio Statistics Amortized Cost Fair Value Net Unrealized Loss $ in millions; as of 12/31/25 Rows and columns above may not sum due to rounding differences. (1) Purchase activity, cash flow and duration excludes HTM industrial revenue bonds; (2) Purchases for roll-off and overbuy, net of purchases related to sales/trades or short-term collateral needs. Securities Portfolio Activity (1) $ in millions

Slide 26

Diversified Deposit Mix $38,017 $55,649 $56,764 $57,554 Commercial Personal Institutional Commercial Banking 45% Consumer & Private Wealth 23% Capital Mkts & Corp. Trust 9% Healthcare Services 5% Fund Services 10% Investor Solutions 8% 28% 27% 26% 24% $50,285 Interest-Bearing Demand & Savings Demand Deposits Time Deposits DDA / total deposits Deposits by Line of Business Average Total Deposit Cost Avg. balances; $ in millions 26% 4Q ’24 3Q ’25 4Q ’25 Linked-Quarter $ ∆ Avg. balances; $ in millions % ∆

Slide 27

Interest Rate Sensitivity Increase / decrease based on hypothetical rate changes and stable balance sheet Projected rates for new loans and deposits based on historical analysis, management outlook and repricing strategies Asset prepayments and other market risks developed from industry estimates of prepayment speeds and other changes 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: Year 2 Year 1 - 300 - 200 - 100 + 100 Shock Scenario Year 2 Year 1 75% - 1-Month SOFR 81% adjust monthly 11% adjust daily 21% - Prime 23% adjust monthly 62% adjust daily Floor Contracts – indexed to 1 Month SOFR; 4–6-year terms Interest Rate Floor Spreads Impact to Net Interest Income Loan Maturities & Repricing Cash Flow Hedges of Interest Rate Risk 4% - Treasury & other 4.05% contract; notional value of $125mm, effective 10/24 4.80% contract; notional value of $250mm, effective 12/24 5.05% contract; notional value of $250mm, effective 03/25 Ten floor spreads; aggregate notional value of $2.375B Weighted average rate: 4.84% / 2.37% Deposit Mix by Rate Sensitivity Fixed Rate Loans Variable Rate Loans Hard Indexed – immediate adjustment Soft Indexed – negotiated / bid accounts Non-Indexed Interest-Bearing DDA $3.1 billion of fixed rate loans reprice within 12 months; average rate 4.93% Average for 4Q’25

Slide 28

Capital & Liquidity Position As of December 31, 2025 $ in billions CET 1 Total Capital Tier 1 Leverage Tangible Common Equity Ratio (1) 7.19% Total Common Equity / Total Assets 10.15% 6.50% 10.00% 5.00% (1) Tangible common equity and tangible common equity ratio are non-GAAP measures, reconciled on slide 54. 13.36% 10.96% 8.54% Regulatory Capital Ratios Ample Liquidity Available Liquidity Sources $7.4B $7.4B $7.0B $5.8B $4.0B 9.1% 9.4% 13.3% 12.0% 11.0% 8.4% Fed funds & resell agreements Int-bearing due from banks % of average earning assets $ billions Pre- pandemic $2.1B UMBF ratio “Well Capitalized” 11.55% 8.00% Tier 1

Slide 29

Line of Business Updates

Slide 30

Commercial Banking Commercial Capabilities Investment Real Estate Industrial Multi-family Office Retail Hotel Student Housing Agribusiness Asset-based Lending Energy Lending Lending Verticals C&I Lending Owner-Occupied CRE Middle Market Working capital lines Equipment loans Business Banking Practice Finance Small Business Banking Small / Medium Business Middle Market 53% Investment Real Estate 28% Sm./Med Biz 6% Specialized Verticals 13% $32.9B (1) Average loan balances for 4Q‘25, excluding credit card; (2) Rank among U.S. Visa and Mastercard Commercial Card Issuers, Source: Nilson Report, May ‘25; (3) “Production ag lending” per ABA 3Q ‘25, FDIC data. #13 of 100 Largest Farm Lenders in the U.S. (3) Commercial Credit Card Purchase Volume (2) TOP 15 Prepaid & Purchasing Card Volume (2) TOP 10 Commercial Lending Portfolio Average Loan Balance & Composition (1) Franchise Lending Healthcare Lending

Slide 31

Commercial Banking C&I Lending C&I loans of $16.5B as of 12/31/25 = 42.6% of UMB loans Includes Middle Market, Lending Verticals and Small / Medium Business Considerations Internal limits on loan size and projects per sponsor Concentration guidelines for all lending verticals, monitored for changing conditions Food & Beverage 2% Tech & Media 2% Finance & Insurance 2% Materials & Commodities 2% Manu-facturing 3% Retail 3% Healthcare 2% Commercial Services 3% Other (2) 5% Agri-business 3% Energy-Related 3% Average Line Utilization Trends (2) Construction & Real Estate Industry 5% (1) End-of-period balances as of 12/31/25; (2) Line utilization for prior 2025 quarters was adjusted in 4Q’25 to capture changes post HTLF conversion. C&I Industries as % of Total UMB Loans (1) Commercial & Industrial Statistics (2) Other - 5% of total UMB loans Auto-related Diversified / Misc. Transportation Entertainment / Rec. Consumer Services Apparel / Textiles Govt. / Education Utilities Non-Depository Financial Institutions 6% Average C&I Balance Trends

Slide 32

Commercial Banking Commercial Real Estate Sr. Living 1-4 Unit Rentals Vacant Land Other (3) Investment CRE & Construction Portfolio $10.7B = 27.6% of total UMB loans Average Loan-to-Value: 57% Loans with Recourse: 86% Investment Real Estate Rate Type: Fixed – 27% Variable – 73% End-of-period balances as of 12/31/25. (1) Excludes owner-occupied commercial real estate; (2) Defined as Tier 1 capital plus an adjusted allowance for credit losses, per regulatory guidelines. Investment CRE Geographic Diversity Owner-Occupied CRE & Farmland $5.5B = 14.2% of total UMB loans New purchase or refinance Rate Type: Fixed – 54% Variable – 46% Owner - Occ 12% Farmland 2% $5.5B $10.7B By property location (3) Other - 2% of total UMB loans Mixed Use Self-storage Homebuilder Special Purpose Student Housing Healthcare Manufactured Housing (No state > 2.7%) CRE Statistics Investment CRE as % of Total UMB Loans (1) Const. / Land Dev. 9% Investment CRE 18% Industrial 8% Multifamily 7% Office 4% Retail 2% Hotel 2% 2% 1% 1% 1%

Slide 33

Personal Banking Consumer Loans (1) Growth engine for new customers; deepening existing relationships 60.7 UMBF Industry Average (2) 54.3 Private Banking NPS Score Strategically positioned for sales growth Retail Banking Hybrid Service & Sales Model – Provides broad products and services to meet diverse client needs High Customer Satisfaction Consumer serves personal banking needs of clients across all divisions of the bank 193 Banking Centers (3) 347 ATMs $3.6B 44 Average Private Banking Deposits Private Bankers Across 13 regions Deposits (1) Mortgage 20 MLOs across UMB Footprint Community Development Competitive mortgage solutions for all client types Average Mortgage Balances Diverse client engagement in our communities 62 Financial Education Classes 9 Community Partners Served 930 Community Participants Key Products Offered Fannie Mae / Freddie Mac Portfolio on balance sheet mortgages Secondary market mortgages 1st Time Homebuyer Assistance $3.7B Expanding Consumer Presence Digital Capabilities across Consumer Digital loan and deposit application and originations Mobile Banking: Deposits, transfers, bill pay, acct review and more $7.3B $3.4B $4.6B +83% $13.2B Metrics at, or for the quarter ended, 12/31/25, unless otherwise stated. (1) Average quarterly balances; (2) Net Promoter Score for 57 financial services companies, source Medallia, Inc; (3) As of 12/31/25, we had 193 physical locations licensed with the OCC, including 190 retail branches plus 3 commercial or private banking centers. $13.3B $4.5B +34%

Slide 34

Personal Banking Private Wealth Management Composition as of 12/31/25. (1) Includes Assets Under Management and Assets Under Administration. Personal Trust 27% Investment Advisory 46% Non-Managed AUA 12% IRAs 7% Brokerage 4% Other 4% Customer Assets Wealth Management Financial planning Discretionary investment management Strategic wealth solutions for ultra-high net worth families Business succession and exit planning Brokerage services Retirement plan services   Personal Trust & Custody Trust administration Charitable foundation planning and administration Personal custody services Unique asset administration Fine art management Insurance settlements Trust tax preparation   Asset Management Direct private equity investment access $18.2B Managed Assets (AUM) $2.4B Non-Managed Assets (AUA) $ in millions New Assets / Sales (1)

Slide 35

UMB Private Investments Overview Target Investment Criteria Combines the strength of a dedicated investment team with the deep resources of UMB Financial Corporation Investment team and investment committee members bring multiple decades of experience Serves existing and prospective UMB Bank clients, cross-selling products and services, including treasury management, senior lending, card services and private banking $144mm Value of Active Holdings (1) 50 Active Portfolio Company Count (1) 200+ Businesses Reviewed Annually $230mm+ Total Capital Deployed to Date (1) Revenue EBITDA Investment size Security type $10mm - $100mm $2mm - $12mm $2mm - $8mm Minority common or preferred equity, convertible debt, subordinated or mezzanine, debt, warrants Manufacturing, distribution, business services, consumer products Growth capital, acquisitions or divestitures, recapitalizations, buyouts or ownership transitions Continental United States Key Verticals Transaction type Geography Providing flexible, tailored capital solutions—including minority equity or subordinated debt—to finance lower-middle market private businesses for long-term growth. (1) Data is in arrears; as of 09/30/25. Private Investments Minority Equity & Mezzanine Debt

Slide 36

Institutional Banking Fund Services & Institutional Custody $509B $553B $545B $482B Provides services for 2,500 funds, including registered and alternative investment funds, PE funds, real estate and venture capital funds and ETFs and more. One of the nation's leading providers of domestic and global custody, serving insurance companies, public and private corporations, nonprofits, municipalities, fund companies and endowments. Established in 1948. Net New Accounts Full Year 2025 Custody AUA +18.2% YoY +212 $543B Assets Under Administration Registered Funds & Alternative Investments Institutional Custody Transfer Agency Alternative Servicing Fund Acct/Admin. Custody Note: Asset categories sum > total AUA due to shared client assets. (1) With Intelligence ’19, ’20, ’22, ‘23 and ’25; (2) Hedgeweek US Emerging Managers ’23; (3) Hedgeweek US Awards ’25; (4) Hedgeweek US Emerging Managers ’24 and Private Equity Wire ’25; (5) Global Custodian Industry Leaders Editor’s Choice ’23; (6) Global Custodian Industry Leaders Awards ’25; (7) HFM Services Awards ’21 and ’22; (8) Hedgeweek US Awards ‘23; (9) Private Credit US Awards ‘24. Best Interval Fund Administrator (1) Best Fund accounting and reporting software (2)(3) Best New Fund Services Project – RFS (5)   Administrator of the Year – Technology (4)   Custodian Service of the Year (9) Best Custodian (7) (8) Innovation in Investor and Investment Data (6)

Slide 37

Institutional Banking Corporate / Specialty Trust & Capital Markets (1) Thomson Reuters municipal rankings, 3Q‘25. Ranked by number of issues. Corporate Trust & Escrow Services Provides trustee, paying agent and escrow services to municipal and corporate issuers. $93B Assets Under Administration Paying Agent in U.S. (1) #2 Municipal Trustee in U.S. (1) #3 Specialty Trust & Agency Solutions Services for asset-backed securitizations, aviation and other transportation and real estate projects. Workout and successor trustee services on behalf of bondholders of defaulted transactions. Collateral administration for CLOs, credit funds, separate accounts and other portfolios of loans. +32% Examples of recent deals: Products and services offered through UMB Bank Capital Markets Division NOT FDIC INSURED | MAY LOSE VALUE  | NOT BANK GUARANTEED. Capital Markets Division Capital solutions including fixed income sales, trading and underwriting for institutional, municipal and not-for-profit organizations. Growth in new business 2025 vs. 2024 Public Finance Annual Closed Deals +120% Year-Over-Year

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FDIC Sweep Assets Under Administration $47B Institutional Banking Investor Solutions & Healthcare Services Investor Solutions Annual ACH Transactions Healthcare Services Provides a suite of tax-advantaged benefit accounts including Health Savings Accounts (HSAs), Flexible Spending Accounts (FSAs), Health Reimbursement Arrangements (HRAs), and Commuter Benefit Accounts.  HSA Account Holders 1.8mm In HSA Deposits (3) $3.0B Top 10 HSA Custodians in the U.S. (2) TOP 10 Benefit Cards 5.5mm ~104mm ~ 5.3 mm accounts for December 2025 Recognized for Investment Quality (1) Sample BaaS Partnerships Named a Top HSA for Features & Investment Options (1) (1) Investor’s Business Daily ‘23; (2) #6 in total accounts and #8 in total assets as of June 30, 2025 - Devenir Research Mid-Year ’25; (3) End-of-period balances as of 12/31/25. 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. In HSA Invested Assets (3) $1.8B

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Payments Credit & Debit Card Products Dollars in millions. (1) Rank in commercial, consumer and small business cards among top 50 U.S. Visa & Mastercard issuers as of June 30, 2025. Source: Nilson Report, Mid-Year ‘25. Card Purchase Volume & Interchange Trends 21st in U.S. Credit Card Purchase Volume (1) #21 $4,575 $5,601 $5,443 $5,391 $5,406 Interchange Income Consumer Credit Healthcare Debit Commercial Credit Inst. Cash Mgmt. Consumer Debit $5.4B 4Q ’25 Card Spend +17.8% YoY

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Long-Term Performance Trends

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Differentiated Revenue Profile Multiple Sources of Growth Net Interest Income Fee Income Provides Diversity 35% 57% 30% $ 1,283 $1,291 $1,468 $613 $1,462 $731 $588 $778 $671 $825 $879 $983 $849 $1,012 $971 $1,098 Total Revenue 20 Year CAGR 9.4% Revenue Growth Annual NII Growth Annual Revenue Growth 12% 12% 18% 10% 3% 2% 1% 9% 4% 5% 18% 20% 13% 9% 10% -1% 14% -0.4% 13% 4% 9% 9% 6% 18% 6% 3% 4% 11% 1% 3% 8% 20 Year CAGR 5.9% Fee Income Growth $816 $731 $914 $303 $920 $317 $275 $320 $311 $333 $412 $559 $350 $610 $495 $671 1% 20% Net Interest Income (before provision) Noninterest Income (1) (2) % fee income Peer Median % Fee Income (4) Dollars in millions. (1) Noninterest income prior to ‘17 contains income from discontinued operations; (2) Noninterest income included a $108.8mm pre-tax gain on TTCF shares in ‘20 and a $66.2mm pre-tax gain on the sale of Visa Class B shares in ‘22; (3) ‘25 reflects acquisition of Heartland Financial; (4) UMB peers (15 banks) as of latest available annual period. Source: S&P Capital IQ. $188 $233 $1,862 $217 $1,001 $1,629 $440 $522 $2,652 $472 63% 8% 7% 10% 11% 86% 5% 15% 7% 9% 20 Year CAGR 12.1% (3) (3)

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7% Balance Sheet Growth Across All Business Cycles Average Loans (1) Average annual balance in billions. (1) Loan balances exclude PPP loans for ’20 – ’22. (2) ‘25 reflects acquisition of Heartland Financial; (3) UMB peers (15 banks), as of latest available annual period. Source: S&P Capital IQ. Average Deposits Annual Loan Growth 12% 19% 19% 5% 2% 6% 10% 10% 18% 12% 21% 19% 9% 7% 10% 20 Year CAGR 13.0% 8% 49% 13% 14% 9% 8% 18% 37% 26% 25% 1% 14% 16% 11% 14% 10% 20% 13% 6% 11% 9% 4% 7% 14% 24% 20 Year CAGR 12.6% 11% 56% 3% 7% 4% Conservative Loans / Deposits (%) 20-year Avg: 61% Annual Deposit Growth Average IB Deposits % DDA / Deposits Peer Median % DDA / Deposits (3) Average DDA $28.9 $23.2 $31.3 $7.6 $31.8 $9.6 $6.5 $10.5 $8.5 $11.9 $14.1 $15.9 $12.7 $17.0 $15.3 $19.3 $5.1 $5.7 $55.1 $5.5 $35.3 $15.8 $14.1 $18.8 $4.4 $22.3 $4.8 $4.2 $5.3 $4.5 $6.2 $8.4 $10.8 $7.0 $11.6 $10.0 $12.8 $3.1 $3.9 $36.1 $3.6 $24.2 (2) (2)

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Resilient Credit Metrics Through All Economic Environments Net Charge-Offs / Average Loans Nonperforming Loans / Loans Industry (2) UMBF Peer Median (1) Industry (2) UMBF Peer Median (1) (1) UMB peers (15 banks), as of latest available annual period. Source: S&P Capital IQ; (2) All FDIC-insured banks, as of last available annual period. Source: FDIC. 0.23% ‘05 – ‘25 Average 0.27% ‘05 – ‘25 Average 0.38% 0.21% 0.68% 0.37% 0.51% 0.98%

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Capital & Liquidity Supports Growth Outlook UMBF Peer Median (1) UMBF Peer Median (1) UMBF Peer Median (1) (1) UMB peers (15 banks), as of latest available annual period. Source: S&P Capital IQ; (2) Tangible equity and tangible assets are non-GAAP measures, reconciled on slide 54; (3) As defined by S&P Capital IQ: “Cash, cash equivalents, and investment securities/assets.” Tangible Equity / Tangible Assets (2) Peer Median TCE / Tang. Assets (1) UMBF Equity / Assets UMBF TCE / Tang. Assets (2) Common Equity Tier 1 Capital Ratio Equity / Assets Cash & Securities / Assets (3) Average Loans / Average Deposits 20% 15% 10% 5% 0% 100% 75% 50% 25% 0%

Slide 45

Risk-Adjusted Returns Rowing Close to Shore 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-Weighted Assets is GAAP net income, which included expenses related to the FDIC special assessment, recognized in 2023 and 2024. UMBF Peer Median (1) Risk-Weighted Assets / Assets Return on Risk-Weighted Assets (2)

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Dividend Trends Sustained Growth (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 1Q’26 dividend. The Board of Directors may declare dividends of different amounts in future quarters. Common Dividends Declared (1) FY ’26 = $1.72 (2) +5.5% vs. 2025 +273.9% annually 2006 – 2026

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Outperformance Building Long-Term Value 20-Year Compounded Annual Growth Rates 2004 – 2024 UMBF KRX (2) Industry (4) Peer Median (3) Diluted Earnings Per Share Tangible Book Value Per Share (1) Chart updated annually in 1Q, pending availability of peer data. (1) Tangible book value per common share is a non-GAAP measure, reconciled on slide 54; (2) KBW Nasdaq Regional Bank Index (median of 50 banks); (3) UMB’s traditional peers (median of 15 banks); (4) Median of all publicly-traded banks with data reported for both 2004 and 2024. Peer, KRX & Industry source: S&P Capital IQ.

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Appendix

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Governance Our Board of Directors AC = Audit Committee; CC = Compensation Committee; GC = Governance Committee; RC = Risk Committee Advisory Directors Mariner Kemper Chairman of the Board Margaret Lazo CC, RC Susan Murphy AC, RC Tammy Peterman GC, RC Gordon Lansford AC (Chair), CC Tim Murphy AC, CC Robin Beery CC (Chair), RC K.C. Gallagher AC, RC Greg Graves Lead Independent Director, GC (Chair) Jenny Hopkins AC, RC Janine Davidson CC, GC Brad Henderson AC, RC Kris Robbins AC, RC (Chair) Josh Sosland GC, RC Leroy Williams CC, RC Tom Wood John Schmidt GC Jim Rine Vice Chairman

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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 amended, and Rule 3b-6 promulgated thereunder, which statements involve inherent risks and uncertainties. Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, results, or aspirations. All forward-looking statements are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Our actual future objectives, strategies, plans, prospects, performance, condition, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events, circumstances, or aspirations to differ from those in forward-looking statements are described in annual, quarterly and other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (“SEC”). In addition to such factors that have been disclosed previously: risks related to current or future tariffs or trade restrictions, sanctions and other trade policies and the impact to UMB or its customers; macroeconomic and adverse developments and uncertainties related to the collateral effects of the collapse of, and challenges for, domestic and international banks, including the impacts to the U.S. and global economies; sustained levels of high inflation and the potential for an economic recession; and impacts related to or resulting from instability with respect to geopolitical developments, including in Venezuela, the Middle East and Russia’s military action in Ukraine, such as the broader impacts to financial markets and the global macroeconomic and geopolitical environments, may also cause actual results or other future events, circumstances, or aspirations to differ from our forward-looking statements. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except to the extent required by applicable securities laws. You, however, should consult disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent documents that are filed or furnished with the SEC. Any statements about UMB Financial Corporation’s (“UMB”) plans, objectives, expectations, strategies, beliefs, or future performance or events constitute forward-looking statements. Such statements are generally identified as those that include words or phrases such as “believes,” “expects,” “anticipates,” “plans,” “objective,” or similar expressions or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “may,” or similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, estimates, and other important factors that change over time and could cause actual results to differ materially from any results, performance, or events expressed or implied by such forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected. Further information regarding UMB and factors which could affect the forward-looking statements contained herein can be found in UMB’s Form 10-K for the year ended December 31, 2024 (and which is available at on the SEC’s archive site, here,) the forthcoming Form 10-K for the year ended December 31, 2025, available in February 2026, and its other filings with the SEC.

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Unaudited, dollars in thousands except per share data. (1) Calculated using marginal tax rate of 24.0% for 2025 and 23.0% for 2024. Certain merger-related expenses are non-deductible. 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 GAAP and should not be viewed in isolation from, or as a substitute for, GAAP results. UMB believes that these measures may be useful to investors because they adjust for items that management does not believe reflect the Company’s fundamental operating performance. Definition and calculation for each metric shown below tables. Net Operating Income Available to Common Shareholders Net operating income available to common shareholders is defined as GAAP net income available to common shareholders, adjusted to exclude Day 1 acquisition provision expense, acquisitions and severance expenses, the FDIC special assessment, and the cumulative tax impact of these adjustments.

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Non-GAAP Reconciliations Operating Pre-Tax, Pre-Provision Income Unaudited, dollars in thousands except per share data. Operating PTPP income for the relevant period is defined as GAAP net interest income plus GAAP noninterest income, less noninterest expense, adjusted to reflect the impact of excluding expenses related to acquisitions, severance expense, and the FDIC special assessment. Net interest income – FTE is defined as GAAP net interest income plus tax equivalent interest. Net Interest Income - FTE

Slide 53

Tangible common equity ratio is common shareholders’ equity, net of intangible assets, divided by total assets, net of intangible assets. Non-GAAP Reconciliations Unaudited, dollars in thousands. Tangible Common Equity Ratio Operating efficiency ratio is calculated as the company’s operating noninterest expense, net of amortization of other intangibles, divided by the company’s total non-GAAP revenue (calculated as net interest income plus noninterest income, less gains on sales of securities available for sale, net). Operating Efficiency Ratio

Slide 54

Non-GAAP Reconciliations Unaudited, dollars in thousands, except per share data. Return on tangible common equity is calculated as net income available to common shareholders divided by the company's average tangible common shareholders' equity for the relevant period. Operating return on tangible common equity is calculated as net operating income available to common shareholders, divided by the company’s average tangible common shareholders’ equity. Return on Tangible Common Equity & Operating Return on Tangible Common Equity Tangible Book Value (“TBV”) Per Common Share Tangible book value per common share is defined as total common shareholders’ equity, net of intangible assets, divided by total common shares outstanding.

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Average Balances / Yields & Rates Tax-equivalent basis; Unaudited, dollars in thousands.

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Our Peer Group ASB Associated Banc-Corp BOKF BOK Financial Corporation CADE Cadence Bank COLB Columbia Banking System, Inc. CMA Comerica Incorporated CFR Cullen/Frost Bankers, Inc. FHN First Horizon Corporation ONB Old National Bancorp PNFP Pinnacle Financial Partners SSB SouthState Corporation SNV Synovus Financial Corp. WBS Webster Financial Corporation WAL Western Alliance Bancorporation WTFC Wintrust Financial Corporation ZION Zions Bancorporation

EX-99.3

Exhibit 99.3

img105881099_0.jpg

UMB Financial Corporation News Release

1010 Grand Boulevard

Kansas City, MO 64106

816.860.7000

umb.com

//FOR IMMEDIATE RELEASE//

Media Contact: Stephanie Hollander: 816.729.1027

Investor Relations Contact: Kay Gregory: 816.860.7106

UMB Financial Corporation Declares Common and Preferred Dividends

KANSAS CITY, Mo. (January 27, 2026) – UMB Financial Corporation (Nasdaq: UMBF) announced today that the board of directors has declared the following quarterly dividends:

  • A quarterly dividend of $0.43 per share on the company’s common stock (UMBF), payable on April 1, 2026, to shareholders of record as of March 10, 2026, and

  • $193.75 per share of the Company's Series B 7.75% preferred stock (UMBFO), which results in a dividend of $0.484375 per depositary share. The preferred stock dividend is payable on April 15, 2026, to stockholders of record of the preferred stock as of the close of business on March 31, 2026.

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Mo. UMB offers commercial banking, which includes comprehensive deposit, lending, investment and retirement plan services; personal banking, which includes comprehensive deposit, lending, wealth management and financial planning services; and institutional banking, which includes asset servicing, corporate trust solutions, investment banking and healthcare services. UMB operates branches throughout Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, Utah, and Wisconsin. As the company’s reach continues to grow, it also serves business clients nationwide and institutional clients in several countries. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.

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