Equibles

8-K

UMB FINANCIAL CORP (UMBF)

8-K 2025-07-29 For: 2025-07-29
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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): 7/29/2025

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 July 29, 2025, UMB Financial Corporation (the “Company”) issued a press release announcing the financial results for the Company for the quarter and period ended June 30, 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 July 30, 2025. 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 July 29, 2025, 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 July 29, 2025, the Company announced in the same press release that the Board of Directors of the Company had declared a quarterly dividend of $0.40 per share that is payable on October 1, 2025 to stockholders of record of the Company's common stock as of the close of business on September 10, 2025. The Board of Directors of the Company also declared a dividend of $264.79 per share of the Company's Series B 7.750% preferred stock, which results in a dividend of $0.66 per depositary share. The preferred stock dividend is payable on October 15, 2025, to stockholders of record of the Company's preferred stock as of the close on business on September 30, 2025.

Item 9.01 Financial Statements and Exhibits

99.1 Press Release announcing financial results for the quarter ended June 30, 2025, and announcing dividend declaration.
99.2 Investor Presentation Materials, dated July 29, 2025.
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: July 29, 2025

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 Second Quarter 2025 Results

Second Quarter 2025 Financial Highlights

  • GAAP net income available to common shareholders of $215.4 million, or $2.82 per diluted common share, an increase of 112.5% as compared to the second quarter of 2024.
  • Net operating income available to common shareholders(i) of $225.4 million, or $2.96 per diluted common share, an increase of 112.9% as compared to the second quarter of 2024.
  • Operating pre-tax, pre-provision (operating PTPP)(i) income of $309.2 million, compared to $233.3 million in the first quarter of 2025.
  • Second quarter 2025 return on average assets of 1.29% and return on average common equity of 12.7%.
  • Efficiency ratio improved to 53.4% as compared to 63.4% in the second quarter of 2024.
  • Net interest margin on a fully taxable equivalent basis of 3.10%, up 14 basis points from the linked quarter.
  • Average loans increased 12.7% on a linked-quarter basis to $36.4 billion; average loans increased $12.6 billion, or 52.9% as compared to the second quarter of 2024.
  • Net interest income of $467.0 million, an increase of 17.4% on a linked-quarter basis.
  • Noninterest income of $222.2 million, an increase of 33.7% from the linked quarter.
  • Noninterest income included approximately $37.7 million in pre-tax gains from the company's investments in successful private entities, including $29.4 million from the company's investment in Voyager Technologies, Inc. (VOYG), which went public in June 2025.
  • Expenses of $393.2 million included $13.5 million in acquisition-related costs, as well as $8.3 million of charitable contribution expense.
  • End-of-period loans were $36.8 billion at June 30, 2025.
  • Average deposits increased 10.7% on a linked-quarter basis to $55.6 billion.
  • End-of-period deposits were $60.0 billion at June 30, 2025.
  • Total assets at June 30, 2025 were $71.8 billion, up 61.4% from $44.5 billion as of June 30, 2024.
  • Second quarter net charge-offs improved to 17 basis points of average loans; nonperforming loans improved to 26 basis points of total loans, from 28 basis points at March 31, 2025.
  • Completed an underwritten public offering of Series B non-cumulative perpetual preferred stock during the second quarter that netted approximately $294.1 million in Tier 1 regulatory capital.
  • Successfully integrated the acquired Heartland Financial, USA, Inc. (HTLF) Minnesota franchise to core UMB systems in mid-July; on track to convert the remaining HTLF franchises in October 2025.

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

KANSAS CITY, Mo. (July 29, 2025) – UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income available to common shareholders for the second quarter of 2025 of $215.4 million, or $2.82 per diluted share, compared to $79.3 million, or $1.21 per diluted share, in the first quarter (linked quarter) and $101.3 million, or $2.07 per diluted share, in the second 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 $225.4 million, or $2.96 per diluted share, for the second quarter of 2025, compared to $168.9 million, or $2.58 per diluted share, for the linked quarter and $105.9 million, or $2.16 per diluted share, for the second 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 $309.2 million, or $4.06 per diluted share, for the second quarter of 2025, compared to $233.3 million, or $3.57 per diluted share, for the linked quarter, and $146.8 million, or $3.00 per diluted share, for the second quarter of 2024. These operating PTPP results represent increases of 32.5% on a linked-quarter basis and 110.6% compared to the second quarter of 2024.

“Our strong second quarter financial results were once again facilitated by strong growth on both sides of our balance sheet, outsized fee income gains, improved asset quality metrics and improved operating leverage,” said Mariner Kemper, UMB Financial Corporation chairman and chief executive officer. “Total revenues of $689.2 million in the second quarter represented a 22.2% increase from the prior quarter, driven both by organic growth from legacy UMB operations as well as the continued benefits of the acquired Heartland franchise. On a linked quarter basis, average loans increased 12.7% to $36.4 billion while average deposits increased 10.7% to $55.6 billion. On an operating basis, net operating income available to common shareholders more than doubled to $225.4 million from the year-ago quarter and increased 33.5% from the linked quarter. Net interest margin expanded 14 basis points sequentially to 3.10%, driven by the benefits of Heartland’s granular core deposit base. Fee income benefited primarily from net increases in the value of the portfolio investments managed by UMB Capital Corporation as well as other private investments. We have a successful track record of investing in and financing emerging businesses, and we had yet another successful outcome with our investment in Voyager Technologies, Inc. which went public in June resulting in a pre-tax gain of $29.4 million in the second quarter. Net charge-offs for the second quarter improved to $15.5 million or 17 basis points of average loans which included $6.5 million in losses related to the acquired Heartland loan portfolio."

Kemper continued, “I am extremely proud of the teams that continue to work tirelessly to deliver a seamless transition to our customers from the Heartland acquisition. In July, we successfully converted the Minnesota franchise of Heartland to the core UMB platform and remain on track to convert the rest of the acquired operations in October.”

Second Quarter 2025 earnings discussion

Note: The acquisition of HTLF closed on January 31, 2025; as such, financial results for the second quarter of 2025 include three months of impact from the acquired operations, compared to two months of impact in the first quarter of 2025. Financial results in the second quarter of 2024 were impacted by $9.6 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)
Q2 Q1 Q2
2025 2025 2024
Net income (GAAP) $ 217,394 $ 81,333 $ 101,345
Net income available to common shareholders (GAAP) 215,382 79,320 101,345
Earnings per common share - diluted (GAAP) 2.82 1.21 2.07
Operating pre-tax, pre-provision income (Non-GAAP)(i) 309,182 233,293 146,840
Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP)(i) 4.06 3.57 3.00
Operating pre-tax, pre-provision income - FTE (Non-GAAP)(i) 317,473 240,798 153,247
Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP)(i) 4.17 3.68 3.13
Net operating income available to common shareholders (Non-GAAP)(i) 225,379 168,878 105,873
Operating earnings per common share - diluted (Non-GAAP)(i) 2.96 2.58 2.16
GAAP
Return on average assets 1.29 % 0.54 % 0.96 %
Return on average common equity 12.72 5.86 12.73
Efficiency ratio 53.38 65.19 63.37
Non-GAAP(i)
Operating return on average assets 1.35 % 1.14 % 1.00 %
Operating return on average common equity 13.31 12.47 13.30
Operating efficiency ratio 51.48 55.56 61.86

(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) June June
YTD YTD
2025 2024
Net income (GAAP) $ 298,727 $ 211,603
Net income available to common shareholders (GAAP) 294,702 211,603
Earnings per common share - diluted (GAAP) 4.16 4.32
Operating pre-tax, pre-provision income (Non-GAAP)(i) 542,475 304,291
Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP)(i) 7.65 6.22
Operating pre-tax, pre-provision income - FTE (Non-GAAP)(i) 558,271 317,214
Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP)(i) 7.87 6.48
Net operating income available to common shareholders (Non-GAAP)(i) 394,257 226,585
Operating earnings per common share - diluted (Non-GAAP)(i) 5.56 4.63
GAAP
Return on average assets 0.94 % 1.01 %
Return on average common equity 9.67 13.41
Efficiency ratio 58.69 63.41
Non-GAAP(i)
Operating return on average assets 1.25 % 1.08 %
Operating return on average common equity 12.94 14.36
Operating efficiency ratio 53.31 60.94
Summary of revenue UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands)
Q2 Q1 Q2 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Net interest income $ 467,024 $ 397,639 $ 245,108 $ 69,385 $ 221,916
Noninterest income:
Trust and securities processing 83,263 79,781 70,010 3,482 13,253
Trading and investment banking 6,170 5,911 5,461 259 709
Service charges on deposit accounts 28,865 27,457 22,261 1,408 6,604
Insurance fees and commissions 189 178 267 11 (78 )
Brokerage fees 20,525 18,102 14,020 2,423 6,505
Bankcard fees 29,018 26,293 22,346 2,725 6,672
Investment securities gains (losses), net 37,685 (4,782 ) (1,867 ) 42,467 39,552
Other 16,470 13,258 12,421 3,212 4,049
Total noninterest income $ 222,185 $ 166,198 $ 144,919 $ 55,987 $ 77,266
Total revenue $ 689,209 $ 563,837 $ 390,027 $ 125,372 $ 299,182
Net interest income (FTE) $ 475,315 $ 405,144 $ 251,515
Net interest margin (FTE) 3.10 % 2.96 % 2.51 %
Total noninterest income as a % of total revenue 32.2 29.5 37.2

Net interest income

  • Second quarter 2025 net interest income totaled $467.0 million, an increase of $69.4 million, or 17.4%, from the linked quarter, driven primarily by continued organic growth in average loans,

  • and one additional month of benefit from the acquired HTLF franchise, including the favorable impact of purchase accounting accretion attributable to the acquisition. These increases were partially offset by higher interest expense driven by strong deposit growth.

  • Average earning assets increased $5.9 billion, or 10.6%, from the linked quarter, largely driven by an increase of $4.1 billion in average loans and an increase of $1.8 billion in average securities.

  • Average interest-bearing liabilities increased $4.5 billion, or 11.3%, from the linked quarter, primarily driven by an increase of $4.4 billion, or 11.9%, in interest-bearing deposits. Average non-interest bearing deposits increased $975.0 million, or 7.3%, as compared to the linked quarter.

  • Net interest margin for the second quarter was 3.10%, an increase of 14 basis points from the linked quarter, due to higher yields on loans and securities driven in large part by the net impact of purchase accounting accretion income on acquired assets and liabilities from HTLF, and earning asset mix changes. Average loan yields increased 13 basis points and total earning asset yields increased 17 basis points from the linked quarter. Total cost of funds increased two basis points from the linked quarter to 2.60%.

  • On a year-over-year basis, net interest income increased $221.9 million, or 90.5%, driven by a $21.2 billion, or 52.7%, increase in average earning assets, primarily due to rate and mix changes related to the acquisition of HTLF. Average loans increased $12.6 billion, average securities increased $5.0 billion, and average interest bearing due from banks increased $3.2 billion.

  • Average deposits increased 62.1% compared to the second quarter of 2024, reflecting strong organic growth as well as the impact of acquired HTLF balances, partially offset by intentional decline in brokered certificate of deposit balances. Average interest-bearing deposits increased 70.2%, and noninterest-bearing demand deposit balances increased 42.6% compared to the second quarter of 2024. Average demand deposit balances comprised 25.9% of total deposits, compared to 26.7% in the linked quarter and 29.4% in the second quarter of 2024.

  • Average borrowed funds increased $85.1 million as compared to the linked quarter and decreased $1.1 billion as compared to the second quarter of 2024, driven by the acquisition of HTLF and the repayment of borrowings under the BTFP and FHLB advances, respectively.

Noninterest income

  • Second quarter 2025 noninterest income increased $56.0 million, or 33.7%, on a linked-quarter basis, largely due to:

  • An increase of $42.5 million in investment securities gains, primarily driven by the pre-tax gain of $29.4 million on the company's investment in Voyager Technologies, Inc., which completed its initial public offering in June 2025, coupled with pre-tax gains of $8.2 million on the sale of two non-marketable investments in the second quarter, as compared to $5.3 million in net losses on the company's non-marketable securities during the linked quarter.

  • An increase of $3.5 million in trust and securities processing, primarily due to increases of $2.1 million in fund services income, $0.8 million in trust income, and $0.6 million in corporate trust income.

  • Increases of $2.7 million in bankcard income due to increased interchange income, partially offset by increased rebates expense, and $2.4 million in brokerage income due to higher 12b-1 fees and money market income.

  • Increases of $1.9 million and $1.6 million in company-owned life insurance income and derivative income, respectively, both recorded in other income. The increase in company-owned life insurance was offset by a proportionate increase in deferred compensation expense as noted below.

  • Compared to the prior year, noninterest income in the second quarter of 2025 increased $77.3 million, or 53.3%, primarily driven by:

  • An increase of $39.6 million in investment securities gains, primarily driven by the pre-tax gain of $29.4 million on the company's investment in Voyager Technologies, Inc., coupled with pre-tax gains of $8.2 million on the sale of two non-marketable investments, both recorded in the second quarter of 2025, as compared to $1.8 million in net losses on the company's non-marketable securities during the second quarter of 2024.

  • An increase of $13.3 million in trust and securities processing driven by increases of $5.0 million in trust income, $4.9 million in fund services income, and $3.3 million in corporate trust income.

  • Increases of $6.7 million in bankcard income due to increased interchange income, partially offset by increased rebates expense, and $6.5 million in brokerage income due to higher 12b-1 fees and money market income.

  • An increase of $6.6 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.

  • An increase of $4.0 million in other income, primarily driven by $1.3 million in recoveries of loans previously charged off by HTLF recorded in the second quarter of 2025, and an increase of $1.1 million in loan syndication income.

Noninterest expense

Summary of noninterest expense UMB Financial Corporation
(unaudited, dollars in thousands)
Q2 Q1 Q2 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Salaries and employee benefits $ 213,551 $ 221,398 $ 142,861 $ (7,847 ) $ 70,690
Occupancy, net 18,571 16,069 11,723 2,502 6,848
Equipment 16,426 16,948 15,603 (522 ) 823
Supplies and services 6,383 4,785 3,404 1,598 2,979
Marketing and business development 11,344 7,998 6,598 3,346 4,746
Processing fees 43,638 40,850 29,701 2,788 13,937
Legal and consulting 18,468 28,606 16,566 (10,138 ) 1,902
Bankcard 12,363 12,795 11,818 (432 ) 545
Amortization of other intangible assets 25,268 17,482 1,911 7,786 23,357
Regulatory fees 9,259 8,237 2,568 1,022 6,691
Other 17,897 9,619 6,314 8,278 11,583
Total noninterest expense $ 393,168 $ 384,787 $ 249,067 $ 8,381 $ 144,101

  • GAAP noninterest expense for the second quarter of 2025 was $393.2 million, an increase of $8.4 million, or 2.2%, from the linked quarter and $144.1 million, or 57.9% from the second quarter of 2024. Second quarter 2025 expenses included $13.5 million in total acquisition-related and other nonrecurring costs, compared to $53.2 million in the linked quarter and $9.6 million in the second 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 $380.0 million for the second quarter of 2025, an increase of $49.5 million, or 15.0%, from the linked quarter

  • and an increase of $136.8 million, or 56.3%, from the second quarter of 2024. Noninterest expense in the second quarter of 2025 also included $8.3 million in charitable contribution expenses, compared to $0.5 million in the linked quarter and $0.3 million in the second quarter of 2024.

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

  • Increases of $16.8 million in salary and wage expense and $0.9 million in deferred compensation expense, recorded in salaries and employee benefits. The increase in salary and wage expense is driven by a full quarter of expense for associates added as a result of the HTLF acquisition, compared to only two months of expense for these associates in the first quarter. The increase in deferred compensation expense was offset by the increase in company-owned life insurance income noted above.

  • Increases of $7.8 million in amortization of intangibles driven by the acquisition, $7.7 million in charitable contribution expense, recorded in other expense, and $3.3 million in marketing and business development driven by timing of multiple advertising campaigns and increased travel and entertainment expense. 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 $2.8 million in processing fees due to increased software subscription costs and an increase of $2.5 million in occupancy expense, both driven by additional expense related to the acquisition.

  • Increases of $1.6 million in supplies and services expense due to purchases of hardware during the second quarter and $1.0 million in regulatory fees driven by the increase in the FDIC assessment base as a result of the acquisition.

  • These increases were partially offset by the following decreases:

  • Decreases of $19.0 million in bonus and commission expense, and $8.3 million in payroll taxes and 401(k) expense, both recorded in salaries and employee benefits, driven by severance, retention bonuses, and change in control payments made to HTLF associates in the first quarter. Non-recurring acquisition costs of $4.3 million were included in salaries and employee benefits expense in the second quarter of 2025, as compared to $33.3 million in the linked quarter. This decrease in non-recurring costs was partially offset by higher incentive compensation accruals tied to company performance during the second quarter.

  • A decrease of $10.1 million in legal and consulting expense, driven by the significant expense recorded in the first quarter of 2025 related to the acquisition. In the first quarter of 2025, $19.0 million of non-recurring transaction costs were recorded in legal and consulting expense, compared to $7.5 million in the second quarter.

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

  • Increases of $70.7 million in salaries and employee benefits expense, driven by the additional associates added as part of the HTLF acquisition, and $23.4 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.

  • Increases of $13.9 million in processing fees, driven by increased software subscription costs, and $11.6 million in other expense, primarily due to higher charitable contributions and operational losses during the second quarter of 2025.

  • Increases of $6.8 million in occupancy expense due to branch buildings and office locations added to the company's footprint related to the HTLF acquisition, and $6.7 million in regulatory fees driven by the increase in the FDIC assessment base as a result of the acquisition. Additionally, the second quarter of 2024 included a $3.8 million reduction in the FDIC special assessment as compared to a reduction of $0.7 million in the second quarter of 2025.

  • Increases of $4.7 million in marketing and business development driven by timing of multiple advertising campaigns and increased travel and entertainment expense, $3.0 million in supplies and services due to increased computer hardware costs in 2025, and $1.9 million in legal and consulting expense due to the timing of multiple projects.

  • Second quarter 2025 noninterest expense included $13.5 million in total acquisition-related and other nonrecurring costs, compared to $53.2 million in the linked quarter, and $9.6 million in the second quarter of 2024. During the second quarter of 2025, this expense was composed primarily of $7.5 million in legal and consulting expense, $4.3 million in salaries and employee benefits, and $1.1 million in supplies and services expense. During the linked quarter, the $53.2 million in acquisition-related expense was primarily composed of $33.3 million in salaries and employee benefits expense and $19.0 million in legal and consulting expense. During the second quarter of 2024, acquisition-related expense was primarily composed of $9.4 million in legal and consulting expense.

Income taxes

  • The company’s effective tax rate was 18.8% for the six months ended June 30, 2025, compared to 18.9% for the same period in 2024.

Balance sheet

  • Average total assets for the second quarter of 2025 were $66.9 billion compared to $60.0 billion for the linked quarter and $42.5 billion for the same period in 2024.
Summary of average loans and leases - QTD Average UMB Financial Corporation
(unaudited, dollars in thousands)
Q2 Q1 Q2 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Commercial and industrial $ 14,213,008 $ 12,761,998 $ 9,926,855 $ 1,451,010 $ 4,286,153
Specialty lending 561,669 522,583 502,646 39,086 59,023
Commercial real estate 16,163,813 14,074,863 9,360,991 2,088,950 6,802,822
Consumer real estate 4,255,571 3,819,602 2,998,560 435,969 1,257,011
Consumer 295,118 264,467 159,743 30,651 135,375
Credit cards 754,601 689,645 617,502 64,956 137,099
Leases and other 162,973 176,539 239,532 (13,566 ) (76,559 )
Total loans $ 36,406,753 $ 32,309,697 $ 23,805,829 $ 4,097,056 $ 12,600,924
  • Average loans for the second quarter of 2025 increased $4.1 billion, or 12.7%, on a linked-quarter basis and $12.6 billion, or 52.9%, compared to the second 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)
Q2 Q1 Q2 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Securities available for sale:
U.S. Treasury $ 1,806,041 $ 1,397,844 $ 900,348 $ 408,197 $ 905,693
U.S. Agencies 85,969 133,852 210,151 (47,883 ) (124,182 )
Mortgage-backed 6,285,195 5,303,047 3,667,289 982,148 2,617,906
State and political subdivisions 2,403,741 2,084,441 1,213,000 319,300 1,190,741
Corporates 271,915 317,378 323,751 (45,463 ) (51,836 )
Collateralized loan obligations 553,844 398,418 336,273 155,426 217,571
Total securities available for sale $ 11,406,705 $ 9,634,980 $ 6,650,812 $ 1,771,725 $ 4,755,893
Securities held to maturity:
U.S. Agencies $ 49,643 $ 112,547 $ 120,563 $ (62,904 ) $ (70,920 )
Mortgage-backed 2,439,844 2,492,446 2,656,096 (52,602 ) (216,252 )
State and political subdivisions 3,108,030 3,022,878 2,798,371 85,152 309,659
Total securities held to maturity $ 5,597,517 $ 5,627,871 $ 5,575,030 $ (30,354 ) $ 22,487
Trading securities $ 16,693 $ 20,863 $ 26,381 $ (4,170 ) $ (9,688 )
Other securities 679,212 586,866 448,015 92,346 231,197
Total securities $ 17,700,127 $ 15,870,580 $ 12,700,238 $ 1,829,547 $ 4,999,889
  • Average total securities increased 11.5% on a linked-quarter basis and 39.4% compared to the second quarter of 2024.
Summary of average deposits - QTD Average UMB Financial Corporation
(unaudited, dollars in thousands)
Q2 Q1 Q2 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Deposits:
Noninterest-bearing demand $ 14,403,211 $ 13,428,205 $ 10,103,035 $ 975,006 $ 4,300,176
Interest-bearing demand and savings 37,958,601 33,991,906 21,914,116 3,966,695 16,044,485
Time deposits 3,287,556 2,864,408 2,323,610 423,148 963,946
Total deposits $ 55,649,368 $ 50,284,519 $ 34,340,761 $ 5,364,849 $ 21,308,607
Noninterest bearing deposits as % of total 25.9 % 26.7 % 29.4 %
  • Average deposits increased 10.7% on a linked-quarter basis and 62.1% compared to the second 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)
June 30, 2025 March 31, 2025 June 30, 2024
Total equity $ 7,285,765 $ 6,748,434 $ 3,227,347
Total common equity 6,885,023 6,637,730 3,227,347
Accumulated other comprehensive loss, net (442,047 ) (492,698 ) (605,634 )
Book value per common share 90.68 87.43 66.21
Tangible book value per common share (Non-GAAP)(i) 59.80 56.40 60.58
Regulatory capital:
Common equity Tier 1 capital $ 4,974,093 $ 4,767,403 $ 3,591,755
Tier 1 capital 5,378,860 4,878,108 3,591,755
Total capital 6,438,598 5,914,197 4,214,712
Regulatory capital ratios:
Common equity Tier 1 capital ratio 10.39 % 10.11 % 11.14 %
Tier 1 risk-based capital ratio 11.24 10.35 11.14
Total risk-based capital ratio 13.46 12.54 13.08
Tier 1 leverage ratio 8.34 8.47 8.50

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

  • At June 30, 2025, the regulatory capital ratios presented in the foregoing table exceeded all “well-capitalized” regulatory thresholds.
  • During the second quarter, the company completed an underwritten public offering of Series B non-cumulative perpetual preferred stock that netted approximately $294.1 million in Tier 1 regulatory capital.
  • In June 2025, the company announced the redemption of $115.0 million in outstanding Series A non-cumulative perpetual preferred stock. This redemption was completed in mid-July 2025.

Asset Quality

Credit quality UMB Financial Corporation
(unaudited, dollars in thousands)
Q2 Q1 Q4 Q3 Q2
2025 2025 2024 2024 2024
Net charge-offs - total loans $ 15,462 $ 35,872 $ 8,935 $ 8,454 $ 2,856
Net loan charge-offs as a % of total average loans 0.17 % 0.45 % 0.14 % 0.14 % 0.05 %
Loans over 90 days past due $ 6,813 $ 6,346 $ 7,602 $ 7,133 $ 5,644
Loans over 90 days past due as a % of total loans 0.02 % 0.02 % 0.03 % 0.03 % 0.02 %
Nonaccrual and restructured loans $ 97,029 $ 100,885 $ 19,282 $ 19,291 $ 13,743
Nonaccrual and restructured loans as a % of total loans 0.26 % 0.28 % 0.08 % 0.08 % 0.06 %
Provision for credit losses $ 21,000 $ 86,000 $ 19,000 $ 18,000 $ 14,050

  • Provision for credit losses for the second quarter decreased $65.0 million from the linked quarter and increased $7.0 million from the second quarter of 2024. 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. The remainder of 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 second quarter totaled $15.5 million, or 0.17% of average loans, compared to $35.9 million, or 0.45% of average loans in the linked quarter, and $2.9 million, or 0.05% of average loans for the second quarter of 2024. Approximately $6.5 million of the net charge-offs in the second quarter of 2025 were related to loans acquired from HTLF as compared to $29.7 million of the net charge-offs in the first quarter of 2025.

Dividend Declaration

At the company’s quarterly board meeting, the Board of Directors declared a $0.40 per share quarterly cash dividend, payable on October 1, 2025, to stockholders of record of the company's common stock at the close of business on September 10, 2025. Additionally, the Board of Directors declared a dividend of $264.79 per share of the Company's Series B 7.75% preferred stock, which results in a dividend of $0.66 per depositary share. The preferred stock dividend is payable on October 15, 2025, to stockholders of record of the preferred stock as of the close of business on September 30, 2025.

Conference Call

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

Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 601688. The live call may also be accessed by visiting investorrelations.umb.com or by using the following link:

UMB Financial 2Q 2025 Conference Call

A replay of the conference call may be heard through August 13, 2025, by calling (toll-free) 866-813-9403 or (international) 929-458-6194. The replay access code required for playback is 929563. 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, 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 36,807,933 $ 24,197,462
Allowance for credit losses on loans (389,918 ) (239,167 )
Net loans 36,418,015 23,958,295
Loans held for sale 5,738 4,211
Securities:
Available for sale 12,162,688 7,107,373
Held to maturity, net of allowance for credit losses 5,495,182 5,546,634
Trading securities 24,698 28,981
Other securities 718,815 447,650
Total securities 18,401,383 13,130,638
Federal funds sold and resell agreements 737,191 247,462
Interest-bearing due from banks 10,026,186 4,640,418
Cash and due from banks 1,087,696 464,719
Premises and equipment, net 395,195 226,860
Accrued income 327,390 237,874
Goodwill 1,812,694 207,385
Other intangibles, net 531,918 67,141
Other assets 2,016,747 1,284,411
Total assets 71,760,153 $ 44,469,414
LIABILITIES
Deposits:
Noninterest-bearing demand 18,481,469 $ 12,034,606
Interest-bearing demand and savings 38,214,606 22,400,255
Time deposits under 250,000 1,935,968 1,421,513
Time deposits of 250,000 or more 1,354,966 661,196
Total deposits 59,987,009 36,517,570
Federal funds purchased and repurchase agreements 2,932,606 2,217,033
Short-term debt — 1,300,000
Long-term debt 657,324 384,245
Accrued expenses and taxes 389,669 352,778
Other liabilities 507,780 470,441
Total liabilities 64,474,388 41,242,067
SHAREHOLDERS' EQUITY
Series A Fixed-Rate Reset Non-Cumulative Perpetual Preferred stock 110,705 —
Series B Fixed-Rate Reset Non-Cumulative Perpetual Preferred stock 294,062 —
Common stock 78,666 55,057
Capital surplus 4,000,973 1,132,301
Retained earnings 3,409,706 2,984,152
Accumulated other comprehensive loss, net (442,047 ) (605,634 )
Treasury stock (166,300 ) (338,529 )
Total shareholders' equity 7,285,765 3,227,347
Total liabilities and shareholders' equity 71,760,153 $ 44,469,414

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 Six Months Ended
June 30, June 30,
2025 2024 2025 2024
INTEREST INCOME
Loans $ 612,414 $ 400,351 $ 1,139,818 $ 785,917
Securities:
Taxable interest 122,237 61,582 220,533 122,693
Tax-exempt interest 33,024 25,077 62,987 50,410
Total securities income 155,261 86,659 283,520 173,103
Federal funds and resell agreements 8,733 3,674 15,685 6,736
Interest-bearing due from banks 73,874 47,174 148,859 91,862
Trading securities 255 424 625 729
Total interest income 850,537 538,282 1,588,507 1,058,347
INTEREST EXPENSE
Deposits 343,153 240,525 646,559 464,400
Federal funds and repurchase agreements 27,423 28,081 53,213 55,743
Other 12,937 24,568 24,072 53,662
Total interest expense 383,513 293,174 723,844 573,805
Net interest income 467,024 245,108 864,663 484,542
Provision for credit losses 21,000 14,050 107,000 24,050
Net interest income after provision for credit losses 446,024 231,058 757,663 460,492
NONINTEREST INCOME
Trust and securities processing 83,263 70,010 163,044 139,488
Trading and investment banking 6,170 5,461 12,081 10,923
Service charges on deposit accounts 28,865 22,261 56,322 43,018
Insurance fees and commissions 189 267 367 550
Brokerage fees 20,525 14,020 38,627 27,180
Bankcard fees 29,018 22,346 55,311 44,314
Investment securities gains (losses), net 37,685 (1,867 ) 32,903 7,504
Other 16,470 12,421 29,728 31,186
Total noninterest income 222,185 144,919 388,383 304,163
NONINTEREST EXPENSE
Salaries and employee benefits 213,551 142,861 434,949 285,867
Occupancy, net 18,571 11,723 34,640 23,993
Equipment 16,426 15,603 33,374 32,106
Supplies and services 6,383 3,404 11,168 6,705
Marketing and business development 11,344 6,598 19,342 12,623
Processing fees 43,638 29,701 84,488 57,637
Legal and consulting 18,468 16,566 47,074 24,460
Bankcard 12,363 11,818 25,158 22,385
Amortization of other intangible assets 25,268 1,911 42,750 3,871
Regulatory fees 9,259 2,568 17,496 21,963
Other 17,897 6,314 27,516 12,261
Total noninterest expense 393,168 249,067 777,955 503,871
Income before income taxes 275,041 126,910 368,091 260,784
Income tax expense 57,647 25,565 69,364 49,181
NET INCOME 217,394 101,345 298,727 211,603
Less: Preferred dividends 2,012 — 4,025 —
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 215,382 $ 101,345 $ 294,702 $ 211,603
PER SHARE DATA
Net income per common share – basic $ 2.84 $ 2.08 $ 4.18 $ 4.34
Net income per common share – diluted 2.82 2.07 4.16 4.32
Dividends per common share 0.40 0.39 0.80 0.78
--- --- --- --- ---
Weighted average common shares outstanding – basic 75,923,082 48,744,636 70,523,171 48,704,075
Weighted average common shares outstanding – diluted 76,241,798 48,974,265 70,901,635 48,952,054
Consolidated Statements of Comprehensive Income UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands)
Three Months Ended Six Months Ended
June 30, June 30,
2025 2024 2025 2024
Net income $ 217,394 $ 101,345 $ 298,727 $ 211,603
Other comprehensive income (loss), before tax:
Unrealized gains and losses on debt securities:
Change in unrealized holding gains and losses, net 43,337 (12,727 ) 119,572 (54,280 )
Less: Reclassification adjustment for net gains included in net income (33 ) — (423 ) (139 )
Amortization of net unrealized loss on securities transferred from available-for-sale to held-to-maturity 7,989 8,938 16,279 17,727
Change in unrealized gains and losses on debt securities 51,293 (3,789 ) 135,428 (36,692 )
Unrealized gains and losses on derivative hedges:
Change in unrealized gains and losses on derivative hedges, net 14,386 (8,775 ) 37,032 (22,433 )
Less: Reclassification adjustment for net losses (gains) included in net income 2,041 (2,066 ) 2,017 (5,726 )
Change in unrealized gains and losses on derivative hedges 16,427 (10,841 ) 39,049 (28,159 )
Other comprehensive income (loss), before tax 67,720 (14,630 ) 174,477 (64,851 )
Income tax (expense) benefit (17,069 ) 3,534 (43,474 ) 16,152
Other comprehensive income (loss) 50,651 (11,096 ) 131,003 (48,699 )
Comprehensive income $ 268,045 $ 90,249 $ 429,730 $ 162,904
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 (loss) — — — 211,603 (48,699 ) — 162,904
Dividends (0.78 per share) — — — (38,275 ) — — (38,275 )
Purchase of treasury stock — — — — — (7,537 ) (7,537 )
Issuances of equity awards, net of forfeitures — — (10,964 ) — — 11,667 703
Recognition of equity-based compensation — — 10,040 — — — 10,040
Sale of treasury stock — — 125 — — 107 232
Exercise of stock options — — 54 — — 124 178
Common stock issuance costs — — (1,317 ) — — — (1,317 )
Balance - June 30, 2024 — $ 55,057 $ 1,132,301 $ 2,984,152 $ (605,634 ) $ (338,529 ) $ 3,227,347
Balance - January 1, 2025 — $ 55,057 $ 1,145,638 $ 3,174,948 $ (573,050 ) $ (336,052 ) $ 3,466,541
Total comprehensive income — — — 298,727 131,003 — 429,730
Cash dividends declared:
Preferred dividends (350.00 per share) — — — (4,025 ) — — (4,025 )
Common dividends (0.80 per share) — — — (59,944 ) — — (59,944 )
Purchase of treasury stock — — — — — (15,724 ) (15,724 )
Issuances of equity awards, net of forfeitures — — (16,202 ) — — 17,002 800
Recognition of equity-based compensation — — 40,298 — — — 40,298
Sale of treasury stock — — 169 — — 143 312
Exercise of stock options — — 112 — — 246 358
Common stock issuance — — 67,056 — — 168,085 235,141
Preferred stock issuance 294,062 — — — — — 294,062
Stock issuance for acquisition, net of issuance costs 110,705 23,609 2,763,902 — — — 2,898,216
Balance - June 30, 2025 404,767 $ 78,666 $ 4,000,973 $ 3,409,706 $ (442,047 ) $ (166,300 ) $ 7,285,765

All values are in US Dollars.

Average Balances / Yields and Rates UMB Financial Corporation
(tax - equivalent basis)
(unaudited, dollars in thousands)
Three Months Ended June 30,
2025 2024
Average Average Average Average
Balance Yield/Rate Balance Yield/Rate
Assets
Loans, net of unearned interest $ 36,406,753 6.75 % $ 23,805,829 6.77 %
Securities:
Taxable 13,409,940 3.66 9,033,829 2.74
Tax-exempt 4,273,494 3.87 3,640,028 3.47
Total securities 17,683,434 3.71 12,673,857 2.95
Federal funds and resell agreements 684,747 5.12 246,132 6.00
Interest bearing due from banks 6,660,111 4.45 3,486,907 5.44
Trading securities 16,693 6.54 26,381 6.95
Total earning assets 61,451,738 5.61 40,239,106 5.44
Allowance for credit losses (367,919 ) (228,369 )
Other assets 5,787,982 2,465,492
Total assets $ 66,871,801 $ 42,476,229
Liabilities and Shareholders' Equity
Interest-bearing deposits $ 41,246,157 3.34 % $ 24,237,726 3.99 %
Federal funds and repurchase agreements 2,767,216 3.97 2,421,727 4.66
Borrowed funds 655,575 7.92 1,744,448 5.66
Total interest-bearing liabilities 44,668,948 3.44 28,403,901 4.15
Noninterest-bearing demand deposits 14,403,211 10,103,035
Other liabilities 839,134 767,687
Shareholders' equity 6,960,508 3,201,606
Total liabilities and shareholders' equity $ 66,871,801 $ 42,476,229
Net interest spread 2.17 % 1.29 %
Net interest margin 3.10 2.51
Average Balances / Yields and Rates UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- ---
(tax - equivalent basis)
(unaudited, dollars in thousands)
Six Months Ended June 30,
2025 2024
Average Average Average Average
Balance Yield/Rate Balance Yield/Rate
Assets
Loans, net of unearned interest $ 34,369,543 6.69 % $ 23,579,936 6.70 %
Securities:
Taxable 12,557,618 3.54 9,149,309 2.70
Tax-exempt 4,197,951 3.78 3,686,075 3.44
Total securities 16,755,569 3.60 12,835,384 2.91
Federal funds and resell agreements 620,632 5.10 226,288 5.99
Interest bearing due from banks 6,733,977 4.46 3,395,466 5.44
Trading securities 18,767 7.10 22,137 7.10
Total earning assets 58,498,488 5.53 40,059,211 5.38
Allowance for credit losses (344,276 ) (225,243 )
Other assets 5,285,676 2,411,681
Total assets $ 63,439,888 $ 42,245,649
Liabilities and Shareholders' Equity
Interest-bearing deposits $ 39,063,362 3.34 % $ 23,848,724 3.92 %
Federal funds and repurchase agreements 2,730,267 3.93 2,403,240 4.66
Borrowed funds 613,236 7.92 1,963,971 5.49
Total interest-bearing liabilities 42,406,865 3.44 28,215,935 4.09
Noninterest-bearing demand deposits 13,918,401 10,084,722
Other liabilities 846,697 772,430
Shareholders' equity 6,267,925 3,172,562
Total liabilities and shareholders' equity $ 63,439,888 $ 42,245,649
Net interest spread 2.09 % 1.29 %
Net interest margin 3.04 2.50
Business Segment Information UMB Financial Corporation
--- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands)
Three Months Ended June 30, 2025
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 322,619 $ 66,331 $ 78,074 $ 467,024
Provision for credit losses 18,334 430 2,236 21,000
Noninterest income 43,219 107,998 70,968 222,185
Noninterest expense 170,648 105,137 117,383 393,168
Income before taxes 176,856 68,762 29,423 275,041
Income tax expense 37,068 14,412 6,167 57,647
Net income $ 139,788 $ 54,350 $ 23,256 $ 217,394
Three Months Ended June 30, 2024
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 161,163 $ 50,826 $ 33,119 $ 245,108
Provision for credit losses 12,058 268 1,724 14,050
Noninterest income 28,777 94,035 22,107 144,919
Noninterest expense 88,597 92,714 67,756 249,067
Income (loss) before taxes 89,285 51,879 (14,254 ) 126,910
Income tax expense (benefit) 17,579 9,573 (1,587 ) 25,565
Net income (loss) $ 71,706 $ 42,306 $ (12,667 ) $ 101,345
Six Months Ended June 30, 2025
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 596,536 $ 127,489 $ 140,638 $ 864,663
Provision for credit losses 85,085 865 21,050 107,000
Noninterest income 80,438 211,792 96,153 388,383
Noninterest expense 343,660 212,402 221,893 777,955
Income (loss) before taxes 248,229 126,014 (6,152 ) 368,091
Income tax expense (benefit) 46,777 23,746 (1,159 ) 69,364
Net income (loss) $ 201,452 $ 102,268 $ (4,993 ) $ 298,727
Six Months Ended June 30, 2024
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 319,145 $ 99,951 $ 65,446 $ 484,542
Provision for credit losses 19,823 502 3,725 24,050
Noninterest income 72,755 185,739 45,669 304,163
Noninterest expense 183,852 190,254 129,765 503,871
Income (loss) before taxes 188,225 94,934 (22,375 ) 260,784
Income tax expense (benefit) 34,411 17,161 (2,391 ) 49,181
Net income (loss) $ 153,814 $ 77,773 $ (19,984 ) $ 211,603

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 June 30, 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 June 30, Six Months Ended June 30,
2025 2024 2025 2024
Net income available to common shareholders (GAAP) $ 215,382 $ 101,345 $ 294,702 $ 211,603
Adjustments:
Day 1 acquisition provision expense — — 62,037 —
Acquisition expense 13,494 9,550 66,663 9,981
Severance expense 373 130 818 276
FDIC special assessment (726 ) (3,800 ) (97 ) 9,200
Tax-impact of adjustments (i) (3,144 ) (1,352 ) (29,866 ) (4,475 )
Total Non-GAAP adjustments (net of tax) 9,997 4,528 99,555 14,982
Net operating income (Non-GAAP) $ 225,379 $ 105,873 $ 394,257 $ 226,585
Earnings per common share - diluted (GAAP) $ 2.82 $ 2.07 $ 4.16 $ 4.32
Day 1 acquisition provision expense — — 0.87 —
Acquisition expense 0.19 0.19 0.94 0.20
Severance expense — 0.01 0.01 0.01
FDIC special assessment (0.01 ) (0.08 ) — 0.19
Tax-impact of adjustments (i) (0.04 ) (0.03 ) (0.42 ) (0.09 )
Operating earnings per common share - diluted (Non-GAAP) $ 2.96 $ 2.16 $ 5.56 $ 4.63
GAAP
Return on average assets 1.29 % 0.96 % 0.94 % 1.01 %
Return on average common equity 12.72 12.73 9.67 13.41
Non-GAAP
Operating return on average assets 1.35 % 1.00 % 1.25 % 1.08 %
Operating return on average common equity 13.31 13.30 12.94 14.36

(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 June 30, Six Months Ended June 30,
2025 2024 2025 2024
Noninterest expense $ 393,168 $ 249,067 $ 777,955 $ 503,871
Adjustments to arrive at operating noninterest expense (pre-tax):
Acquisition expense 13,494 9,550 66,663 9,981
Severance expense 373 130 818 276
FDIC special assessment (726 ) (3,800 ) (97 ) 9,200
Total Non-GAAP adjustments (pre-tax) 13,141 5,880 67,384 19,457
Operating noninterest expense (Non-GAAP) $ 380,027 $ 243,187 $ 710,571 $ 484,414
Noninterest expense $ 393,168 $ 249,067 $ 777,955 $ 503,871
Less: Amortization of other intangibles 25,268 1,911 42,750 3,871
Noninterest expense, net of amortization of other intangibles (Non-GAAP) (numerator A) $ 367,900 $ 247,156 $ 735,205 $ 500,000
Operating noninterest expense $ 380,027 $ 243,187 $ 710,571 $ 484,414
Less: Amortization of other intangibles 25,268 1,911 42,750 3,871
Operating expense, net of amortization of other intangibles (Non-GAAP) (numerator B) $ 354,759 $ 241,276 $ 667,821 $ 480,543
Net interest income $ 467,024 $ 245,108 $ 864,663 $ 484,542
Noninterest income 222,185 144,919 388,383 304,163
Less: Gains on sales of securities available for sale, net 33 — 423 139
Total Non-GAAP Revenue (denominator A) $ 689,176 $ 390,027 $ 1,252,623 $ 788,566
Efficiency ratio (numerator A/denominator A) 53.38 % 63.37 % 58.69 % 63.41 %
Operating efficiency ratio (Non-GAAP) (numerator B/denominator A) 51.48 61.86 53.31 60.94
Operating pre-tax, pre-provision income non-GAAP reconciliations: UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands except per share data)
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
Net interest income (GAAP) $ 467,024 $ 245,108 $ 864,663 $ 484,542
Noninterest income (GAAP) 222,185 144,919 388,383 304,163
Noninterest expense (GAAP) 393,168 249,067 777,955 503,871
Adjustments to arrive at operating noninterest expense:
Acquisition expense 13,494 9,550 66,663 9,981
Severance expense 373 130 818 276
FDIC special assessment (726 ) (3,800 ) (97 ) 9,200
Total Non-GAAP adjustments 13,141 5,880 67,384 19,457
Operating noninterest expense (Non-GAAP) 380,027 243,187 710,571 484,414
Operating pre-tax, pre-provision income (Non-GAAP) $ 309,182 $ 146,840 $ 542,475 $ 304,291
Net interest income earnings per common share - diluted (GAAP) $ 6.13 $ 5.00 $ 12.20 $ 9.90
Noninterest income (GAAP) 2.91 2.96 5.47 6.21
Noninterest expense (GAAP) 5.16 5.08 10.97 10.29
Acquisition expense 0.19 0.19 0.94 0.20
Severance expense — 0.01 0.01 0.01
FDIC special assessment (0.01 ) (0.08 ) — 0.19
Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP) $ 4.06 $ 3.00 $ 7.65 $ 6.22
Operating pre-tax, pre-provision income - FTE Non-GAAP reconciliations: UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands except per share data)
Three Months Ended June 30, Six Months Ended June 30,
2025 2024 2025 2024
Net interest income (GAAP) $ 467,024 $ 245,108 $ 864,663 $ 484,542
Adjustments to arrive at net interest income - FTE:
Tax equivalent interest 8,291 6,407 15,796 12,923
Net interest income - FTE (Non-GAAP) 475,315 251,515 880,459 497,465
Noninterest income (GAAP) 222,185 144,919 388,383 304,163
Noninterest expense (GAAP) 393,168 249,067 777,955 503,871
Adjustments to arrive at operating noninterest expense:
Acquisition expense 13,494 9,550 66,663 9,981
Severance expense 373 130 818 276
FDIC special assessment (726 ) (3,800 ) (97 ) 9,200
Total Non-GAAP adjustments 13,141 5,880 67,384 19,457
Operating noninterest expense (Non-GAAP) 380,027 243,187 710,571 484,414
Operating pre-tax, pre-provision income - FTE (Non-GAAP) $ 317,473 $ 153,247 $ 558,271 $ 317,214
Net interest income earnings per common share - diluted (GAAP) $ 6.13 $ 5.00 $ 12.20 $ 9.90
Tax equivalent interest 0.11 0.13 0.22 0.26
Net interest income - FTE (Non-GAAP) 6.24 5.13 12.42 10.16
Noninterest income (GAAP) 2.91 2.96 5.47 6.21
Noninterest expense (GAAP) 5.16 5.08 10.97 10.29
Acquisition expense 0.19 0.19 0.94 0.20
Severance expense — 0.01 0.01 0.01
FDIC special assessment (0.01 ) (0.08 ) — 0.19
Operating pre-tax, pre-provision income - FTE earnings per common share - diluted (Non-GAAP) $ 4.17 $ 3.13 $ 7.87 $ 6.48
Tangible book value non-GAAP reconciliations: UMB Financial Corporation
--- --- --- --- ---
(unaudited, dollars in thousands except share and per share data)
As of June 30,
2025 2024
Total common shareholders' equity (GAAP) $ 6,885,023 $ 3,227,347
Less: Intangible assets
Goodwill 1,812,694 207,385
Other intangibles, net 531,918 67,141
Total intangibles, net 2,344,612 274,526
Total tangible common shareholders' equity (Non-GAAP) $ 4,540,411 $ 2,952,821
Total common shares outstanding 75,927,002 48,745,090
Ratio of total common shareholders' equity (book value) per share $ 90.68 $ 66.21
Ratio of total tangible common shareholders' equity (tangible book value) per share (Non-GAAP) 59.80 60.58

Slide 1

2nd Quarter 2025 Update July 29, 2025

Slide 2

Presentation Index Corporate Overview & Investment Thesis 2nd 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. Peer Group Purchase Accounting Update 8 Line of Business Updates

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 (5) Fund Services Private Wealth Management & Personal Trust 196 banking centers (4) 350 ATMs UMB Bank Presence & Expansion UMB Financial Corporation Headquarters Highlights At, or for the 3 months ended 06/30/25. (1) Includes $17.9B in managed assets and $2.5B 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) 196 physical locations licensed with the OCC, including 193 retail branches plus 3 commercial or private banking centers; (5) UMB Bank, n.a. Capital Markets Division.

Slide 4

Business Model Our Diverse Foundation Commercial & Personal Banking Services 2Q‘25 Revenue: $514.9 million. 2Q‘25 Average Deposits: $39.0 billion Average loans: $4.6B (1) (2) Average deposits: $13.0B Retail deposit and lending services through 196 banking centers (3) and online Private banking services Consumer mortgage AUM = $17.9B AUA = $2.5B 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: $31.1B (1) Average deposits: $26.0B Agribusiness Energy Practice finance Franchise lending Mezzanine debt and equity investments Commercial Consumer Private Wealth Institutional Banking Services 2Q’25 Revenue: $174.3 million. 2Q‘25 Average Deposits: $16.6 billion Institutional Banking provides solutions for the entire marketplace; $600.6 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, 06/30/25 (1) Excludes credit card; (2) Includes consumer plus residential real estate loans; (3) 196 physical locations licensed with the OCC, including 193 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% of total deposits Long-tenured relationships: 51% of deposit accounts have been with us for more than 10 years and account for ~46% of deposit balances (1) (2) 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 24 years with UMB Chief Credit Officer – 39 years with UMB Variable asset base $1.8 billion of securities cash flow expected within 12 months Ample liquidity sources and regulatory capital levels Access to multiple contingent funding sources Strong capital generation through earnings accretion (1) Includes only legacy UMB deposit accounts for 2Q’25; (2) Average collected balances for June 2025; excludes CDs, health savings and FinTech deposits.

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 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. (1) 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. (1) 44% board diversity, including 6 female directors. (1) 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. More than 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. (1) Updated to include new Board and executive team composition post-closing of HTLF acquisition.

Slide 8

Purchase Accounting Update

Slide 9

HTLF Acquisition Accounting Impacts (1) YTD amounts recognized include $15.9mm in accelerated accretion from early payoffs of acquired loans and $48.8mm in contractual mark accretion on loans; (2) The AFS remaining balance was impacted in 2Q by additional accretion booked for a market price adjustment on two acquired bonds and a reduction of $7.0mm related to bonds tendered during the quarter; (3) 10-year sum-of-years digits amortization; (4) Includes $24.5mm related to wealth management, straight-line amortization over 7 years, and $9.4mm related to purchased credit card relationships, straight-line amortization over 3 years. Net Interest Margin Impact $ in millions Net Interest Income Accretion Non-interest Expense Amortization $ in millions $ in millions

Slide 10

Projected Contractual Accretion $70.8 million recognized YTD ‘25 Includes accretion on acquired loans, securities, time deposits and borrowings Projections are updated quarterly, assume no prepayments and are subject to change. $ in millions

Slide 11

2nd Quarter 2025 Financial Review

Slide 12

2Q 2025 Highlights – Income Statement (1) The acquisition of HTLF closed 1/31/25. Results for 2Q'25 include 3 months of impact from acquired operations, compared to 2 months of impact in 1Q’25; (2) Net operating income available to common and operating EPS are a non-GAAP measures, reconciled on slide 51; (3) Operating PTPP income / EPS are non-GAAP measures, reconciled on slide 52. 1Q ‘25 2Q ‘25 2Q ‘24 $ in millions, except per share amounts Linked-Quarter Commentary (1)

Slide 13

2Q 2025 Highlights – Balance Sheet & Credit (1) The acquisition of HTLF closed 1/31/25. Results for 2Q'25 include 3 months of impact from acquired operations, compared to 2 months of impact in 1Q’25. $ in millions 1Q ‘25 2Q ‘25 2Q ‘24 Linked-Quarter Commentary (1)

Slide 14

2Q 2025 Earnings Highlights $166.9 $233.3 $309.2 $146.8 $154.6 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 (1) $110.4 $122.6 $168.9 $225.4 $105.9 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 Columns may not sum due to rounding differences. (1) Percentage comparisons to prior periods impacted in 1Q’25 and subsequent periods by the mid-1st quarter closing of the HTLF acquisition. 2Q ‘24 3Q ‘24 4Q ‘24 1Q ‘25 2Q ‘25 Linked-Quarter (1) $ ∆ $ in millions

Slide 16

Net Interest Income & Margin 2Q ‘24 3Q ‘24 4Q ‘24 1Q ‘25 2Q ‘25 NII, ex. PAA NII from PAA Reported NIM NIM ex. PAA $397.6 $467.0 $245.1 $247.4 $269.0 $ in millions $ in millions 2.75% 2.83%

Slide 17

Noninterest income increased $56.0mm to $222.2mm for 2Q’25. LQ drivers included: 2Q’25 results included a full quarter of HTLF operations vs. two months in 1Q’25 +$42.5mm in investment security valuations, largely due to a pre-tax gain of $29.4mm on an investment in Voyager Technologies, which IPO’d in June +$3.5mm in trust & securities processing, led by strong fund services income, see below +$2.7mm in bankcard income as higher purchase volumes drove increased interchange +$2.4mm in higher brokerage income due to increased 12b-1 fees & money market income 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. (2) Columns and rows may not sum due to rounding differences. (2) Percentage comparisons to prior periods impacted by the mid-1st quarter closing of the HTLF acquisition. 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 $144.9 $158.7 Composition / Changes in Inv. Securities Gains (Losses) and Trust & Securities Processing (2) Current Quarter Commentary $ in millions $ in millions $ in millions Linked-Quarter (2)

Slide 18

Noninterest Expense (1) Percentage comparisons to prior periods are not meaningful due to acquisition in 1Q’25; (2) Columns may not sum due to rounding differences; (3) Operating noninterest expense is a non-GAAP metric, reconciled on slide 52. Noninterest expense increased $8.4mm to $393.2mm on a GAAP basis. The linked-quarter variances are largely driven by one additional month of HTLF operations and one-time costs. See slide 12 for additional detail on acquisition expense. On an operating basis, which excludes acquisition and severance expense and FDIC special assessments, noninterest expense was $380.0mm. (3) Notable 2Q’25 items included: Increased salary & wage expense, driven by a full quarter of HTLF operations vs. two months in 1Q’25 +$7.8mm in in amortization of intangibles driven by one additional month of the acquisition Charitable contributions to support our communities of $7.7mm +$3.3mm in marketing and business development, driven by increased travel and entertainment expense and various advertising campaigns Current Quarter Commentary 2Q ‘24 3Q ‘24 4Q ‘24 1Q ‘25 2Q ‘25 Linked-Quarter (1) $ ∆ $ in millions

Slide 19

$23,806 $ 24,387 $ 25,290 $ 32,310 Diversified Loan Portfolio (1) Percentage comparisons to prior periods are not meaningful due to acquisition in 1Q’25. $ 36,407 2Q ‘24 1Q ‘25 2Q ‘25 6.28% Linked-Quarter (1) $ ∆ Utah: 4% California: 4% Illinois: 3% Wisconsin: 2% Greater MO: 3% Kansas: 1% New Mexico: 2% Iowa: 2% Minnesota: 2% Nebraska: 1% Oklahoma: 1% Smaller Regions: Kansas City 24% Colorado 19% Arizona 11% St. Louis 12% Texas: 10% Loans by Region Checked = acquired loans in shared states Avg. balances; $ in millions $ 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

Slide 20

Quarterly Loan Activity (1) Net of loan marks & balances reclassified to securities portfolio; (2) Payoffs and paydowns include C&I and CRE loans; (3) Percentage of paydowns and payoffs impacted by acquired loan balances. (2) (2) 2Q ‘25 1Q ‘25 2Q ‘24 3Q ‘24 4Q ‘24 $ in millions (3) (1)

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 $35.9 Allowance for Credit Losses on Loans ACL / Total Loans $100.9 0.10% $15.5 NCOs - legacy UMBF NCOs / Avg. Loans NCOs – acq. loans NCOs / Avg. Loans, ex. acq. Delinq. - legacy UMBF Delinq. / Loans Delinq. – acquired loans Delinq. / Loans, ex. acq. NPLs – legacy UMBF NPLs / Total Loans NPLs – acquired loans NPLs / Loans, ex. acq. $97.0 $73.2 $66.5 0.13% 0.08% 0.10% 0.08% 0.07%

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 2Q ‘25 1Q ‘25 2Q ‘24 3Q ‘24 4Q ‘24

Slide 23

Allowance for Credit Losses Loans, Leases and HTM Securities $ in millions (1) Includes additional impairments on acquired PCD loans subsequent to 1Q'25.

Slide 24

High-Quality Investment Portfolio $7,414 $9,635 $11,407 $6,651 $5,424 $5,628 $5,598 $5,575 $5,499 Average balances - $ in millions Average Blended Yield Treasuries Corp. & Commercial Paper GNMA/GSE Mortgage-Backed GSE Agencies General Obligation Municipals Revenue Bonds Collateralized Loan Obligations $6,778 (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 Available-for-Sale (1) Held-to-Maturity (1)

Slide 25

Securities Portfolio Statistics Amortized Cost Fair Value Net Unrealized Loss $ in millions; as of 06/30/25 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; (3) Amounts and yields exclude impact of collateral-related short-term securities as noted in previous quarters. Securities Portfolio Activity (1) $ in millions Purchases of U.S. Treasuries and agency mortgage-backed securities related to the planned de-levering of certain bonds held by HTLF at, and following, acquisition close, and included in the above purchase amounts: 3Q’24 – $125 million 4Q’24 – $848 million 1Q’25 – $387 million 2Q’25 – $363 million

Slide 26

Diversified Deposit Mix $38,017 $55,649 $34,341 $35,292 Commercial Personal Institutional Commercial Banking 47% Consumer & Private Wealth 23% Capital Markets & Corp. Trust 8% Healthcare Services 6% Fund Services 8% Investor Solutions 8% 29% 27% 28% 27% (1) Percentage comparisons to prior periods are not meaningful due to acquisition in 1Q’25. $50,285 Interest-Bearing Demand & Savings Demand Deposits Time Deposits DDA / total deposits Deposits by Line of Business Average Total Deposit Cost 2Q ‘24 1Q ‘25 2Q ‘25 Linked-Quarter (1) $ ∆ Avg. balances; $ in millions Avg. balances; $ in millions 26%

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 68% of total end-of-period loans, or ~ $25.0B, are variable. 71% of total loans reprice within the next 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 74% - 1-Month SOFR 79% adjust monthly 15% adjust daily 3% - other 23% - Prime 23% adjust monthly 61% adjust daily 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 Floor Contracts – indexed to 1 Month SOFR; 4–6-year terms Interest Rate Floor Spreads Ten floor spreads; aggregate notional value of $2.375B Weighted average rate: 4.84% / 2.37% Impact to Net Interest Income Loan Maturities & Repricing Cash Flow Hedges of Interest Rate Risk

Slide 28

Capital & Liquidity Position As of June 30, 2025 $ in billions CET 1 Total Capital Tier 1 Leverage Tangible Common Equity Ratio (1) 6.54% Total Common Equity / Total Assets 9.59% 6.50% 10.00% 5.00% (1) Tangible common equity and tangible common equity ratio are non-GAAP measures, reconciled on slide 53. 13.46% 10.39% 8.34% Regulatory Capital Ratios Ample Liquidity Available Liquidity Sources $4.0B $7.4B $7.4B $3.7B $3.9B 12.0% 9.3% 9.5% 9.4% 13.3% 8.4% Fed funds & resell agreements Int-bearing due from banks % of average earning assets $ billions Pre- pandemic $2.1B UMBF ratio “Well Capitalized” 11.24% 6.00% 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 56% Investment Real Estate 24% Sm./Med Biz 5% Specialized Verticals 15% $31.3B (1) Average loan balances for 2nd quarter 2025, excluding credit card; (2) Rank among U.S. Visa and Mastercard Commercial Card Issuers, Source: Nilson Report, May ‘24; (3) “Production ag lending” per ABA 1Q ‘25, FDIC data. #11 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 or $14.7B = 40.1% 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 End-of-Period C&I Balance Trends Food & Beverage Diversified Tech. & Telecom Materials & Commodities Manu-facturing Retail Healthcare Commercial Services Other (2) Agri-business Finance & Insurance Energy-Related Average Line Utilization Trends Construction & Real Estate Industry $ billions (1) End-of-period balances as of 06/30/25. Commercial & Industrial Statistics C&I Industries as % of Total UMB Loans (1) (2) Other - 4% of total UMB loans Transportation Auto-related Entertainment / Rec. Consumer Services Apparel / Textiles Government / Education Utilities

Slide 32

Commercial Banking Commercial Real Estate Const. / Land Dev. 10% Retail Multifamily Office Hotel Industrial Sr. Living 1-4 Unit Rentals Vacant Land Other (4) Investment CRE & Construction Portfolio $10.7B = 29.1% of total UMB loans Average Loan-to-Value: 57% Loans with Recourse: 85% Investment Real Estate Rate Type: Fixed – 29% Variable – 71% End-of-period balances as of 06/30/25; (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 = 14.9% of UMB loans New purchase or refinance Rate Type: Fixed – 55% Variable – 45% Owner - Occ 13% Farmland 2% Investment CRE 19% $5.5B $10.7B By property location (3) Other - 2% of total UMB loans Self-storage Mixed Use Healthcare Homebuilder Special Purpose Student Housing Manufactured Housing (No state > 2.7%) CRE Statistics Investment CRE as % of Total UMB Loans (1)

Slide 33

Personal Banking Consumer Loans (1) Growth engine for new customers; deepening existing relationships 76.1 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 196 Banking Centers (3) 350 ATMs 46 $2.4B Private Bankers Across 13 regions Avg. Private Banking Deposits Deposits (1) Mortgage 22 MLOs across UMB Footprint Community Development Competitive mortgage solutions for all client types Avg. Mortgage Balances Diverse client engagement in our communities 58 Financial Education Classes 8 Community Partners Served 1,160 Community Participants Key Products Offered Fannie Mae / Freddie Mac Portfolio on balance sheet mortgages Secondary market mortgages 1st Time Homebuyer Assistance $3.6B Metrics at, or for the quarter ended, 06/30/25, unless otherwise stated. (1) Average monthly balances for Dec. ’24 and Jun ‘25; (2) Full-year ’24 Net Promoter Score for 57 financial services companies, source Medallia, Inc; (3) 196 physical locations licensed with the OCC, including 193 retail branches plus 3 commercial or private banking centers. Strategic Acquisition Drives Consumer Growth 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 $4.5B UMBF HTLF +31% +78% $13.0B

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Personal Banking Private Wealth Management Composition as of 06/30/25. (1) Includes Assets Under Management and Assets Under Administration. Personal Trust 26% Investment Advisory 45% Non-Managed AUA 12% IRAs 6% Brokerage 7% 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 Insurance settlements Retirement plan services   Personal Trust & Custody Trust administration Charitable foundation planning and administration Personal custody services Unique asset administration Fine art management Trust tax preparation   Asset Management Direct private equity investment access $17.9B Managed Assets (AUM) $2.5B Non-Managed Assets (AUA) New Assets / Sales (1) $ in millions

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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 $139mm Value of Active Holdings (1) 52 Active Portfolio Company Count (1) 150+ Businesses Reviewed Annually $215mm+ 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 03/31/25. Private Investments Minority Equity & Mezzanine Debt

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Institutional Banking Fund Services & Institutional Custody $509B $460B $472B $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. Best Custodian (6) (7) Custodian Service of the Year (8) Net New Accounts YTD Custody AUA +10.4% YoY +78 $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 Awards; (2) Hedgeweek US Emerging Managers Awards ’23; (3) Hedgeweek US Emerging Managers Awards ’24; (4) Global Custodian Industry Leaders Editor’s Choice ’23; (5) PE Wire ’23; (6) HFM Services Awards ’21 and ’22; (7) Hedgeweek US Awards ‘23; (8) Private Credit US Awards ‘24. Best Interval Fund Administrator (1) Best Fund accounting and reporting software (2) Best Administrator – Mid Market & Emerging Managers (5)   Best New Fund Services Project – RFS (4)   Administrator of the Year – Technology (3)

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Institutional Banking Corporate / Specialty Trust & Capital Markets (1)Thomson Reuters municipal rankings, 1Q‘25. Ranked by number of issues. Corporate Trust & Escrow Services Provides trustee, paying agent and escrow services to municipal and corporate issuers. $56B 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. +52% 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 YTD 2025 vs. YTD 2024 Public Finance June YTD Closed Deals +38% 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 1.6mm In HSA Deposits (3) $3.1B Top 10 HSA Custodians in the U.S. (2) TOP 10 Benefit Cards 5.2mm ~100mm ~ 5.3 mm accounts for June 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 December 31, 2024 - Devenir Research Year-End ‘24. (3) End-of-period balances as of 06/30/25. 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) $1.5B

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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. issuers as of December 31, 2024. Source: Nilson Report, January ‘25. Card Purchase Volume & Interchange Trends 22nd in U.S. Credit Card Purchase Volume (1) #22 $4,575 $5,601 $4,701 $4,658 $5,406 Interchange Income Consumer Credit Healthcare Debit Commercial Credit Inst. Cash Mgmt. Consumer Debit $5.6B 2Q ‘25 Card Spend Legacy UMBF – $4.8B Legacy HTLF – $782mm +19.1% 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% 56% 39% $ 1,282.7 $1,291.4 $1,468.0 $613.2 $1,462.0 $731.3 $587.8 $778.2 $671.0 $825.1 $878.5 $982.5 $848.7 $1,012.1 $971.4 $1,097.7 Total Revenue 20 Year CAGR 7.2% 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 5.2% Fee Income Growth $815.5 $731.2 $913.8 $303.0 $920.1 $317.0 $275.1 $320.1 $310.6 $333.3 $412.1 $558.9 $350.1 $610.4 $495.3 $670.9 1% 20% Net Interest Income (before provision) Noninterest Income (1) (2) % fee income Peer Median % Fee Income (3) Dollars in millions. (1) Noninterest income prior to 2017 contains income from discontinued operations; (2) Noninterest income included a $108.8mm pre-tax gain on TTCF shares in 2020 and a $66.2mm pre-tax gain on the sale of Visa Class B shares in 2022; (3) UMB peers (15 banks) as of latest available annual period. Source: S&P Capital IQ. Peer group defined on slide 55. $188.3 $232.7 $179.1 $217.2 $1,000.9 $1,629.0 $440.2 $521.5 $407.2 $472.2 -8% 8% 7% 10% 11% -7% 5% 15% 7% 9% 20 Year CAGR 9.0%

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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) 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 11.4% 8% 7% 13% 14% 9% 8% 19% 37% 29% 25% 1% 14% 16% 11% 14% 10% 20% 13% 6% 11% 9% 4% 7% 14% 24% 20 Year CAGR 10.3% 11% -6% 3% 7% 4% Conservative Loans / Deposits (%) 20-year Avg: 61% Annual Deposit Growth Avg. IB Deposits % DDA / Deposits Peer Median % DDA(2) Avg. 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 $5.0 $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 $2.8 $3.6 $24.2

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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. 0.10% ’04 – ‘24 Average 0.27% ’04 – ‘24 Average 0.38% 0.21% 0.68% 0.08% 0.51% 0.98%

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Capital & Liquidity Supports Growth Outlook UMBF Peer Median (1) UMBF Peer Median (1) Peer Median TCE / Tang. Assets (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 53; (3) As defined by S&P Capital IQ: “Cash, cash equivalents, and investment securities/assets.” Tangible Equity / Tangible Assets (2) UMBF Equity / Assets UMBF TCE / Tang. Assets (2) 20% 15% 10% 5% 0% 100% 75% 50% 25% 0% Tier 1 Capital Ratio Equity / Assets Cash & Securities / Assets (3) Average Loans / Average Deposits

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)

Slide 46

Dividend Trends Sustained Growth (1) Dividends adjusted for 2-for-1 stock split in 2006. (2) Annualized 2025 full-year dividend assumes all 4 quarterly dividends are declared at $0.40/share, consistent with YTD 2025 dividends. The Board of Directors may declare dividends of different amounts in future quarters. Annual Dividends Declared (1) 2025 = $1.60 (2) +1.9% vs. 2024 +282.9% 2004 - 2024 (2)

Slide 47

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) (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.

Slide 48

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

Slide 50

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 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 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 Annual Report on Form 10-K for the fiscal year ended December 31, 2024 (and which is available at on the SEC’s archive site, here,) and its other filings with the SEC.

Slide 51

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.

Slide 52

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.

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 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. Unaudited, dollars in thousands, except per share data. 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.

Slide 55

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

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