umbf-8k_20210427.htm

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): 4/27/2021

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

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 2.02Results of Operations and Financial Condition

On April 27, 2021, UMB Financial Corporation (the “Company”) issued a press release announcing the financial results for the Company for the quarter ended March 31, 2021. A copy of the press release is attached as Exhibit 99.1 and the information is hereby incorporated by reference herein.

The information contained in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 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 7.01 Regulation FD Disclosure

The Company is furnishing a copy of materials that will be used in the presentation delivered by the Company’s representatives at the 2021 Annual Meeting of Shareholders that will be held virtually at 9:00 a.m. (CT) on April 27, 2021. 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 April 27, 2021, and the Company disclaims any obligation to correct or update any of the materials in the future.

In addition, 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 April 28, 2021. A copy of the materials is attached as Exhibit 99.3 and will be available on the Company’s website at www.umb.com. The materials are dated April 27, 2021, and the Company disclaims any obligation to correct or update any of the materials in the future.

The information provided under Item 7.01 of this Current Report on Form 8-K, including Exhibits 99.2 and 99.3 hereto, is being furnished and is not deemed to be “filed” with the SEC for the purposes of Section 18 of 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 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 9.01 Financial Statements and Exhibits


99.1	Press Release announcing financial results for quarter ended March 31, 2021.
99.2	Presentation for the 2021 Annual Meeting of Shareholders.
99.3	Investor Presentation Materials, dated April 27, 2021.
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 Chief Financial Officer

Date: April 27, 2021

Exhibit 99.1

UMB Financial Corporation News Release

1010 Grand Boulevard

Kansas City, MO 64106

816.860.7000

umb.com

//FOR IMMEDIATE RELEASE//

Media Contact: Stephanie Hague: 816.860.5088

Investor Relations Contact: Kay Gregory: 816.860.7106

UMB Financial Corporation Reports First Quarter Net Income of $92.6 Million

First Quarter 2021 Financial Highlights (all comparisons to prior year)

•

GAAP net income of $92.6 million, or $1.91 per diluted share; net operating income of $92.8 million, or $1.91 per diluted share.

•

Pre-tax, pre-provision (PTPP) income of $102.1 million, an increase of $18.3 million.

•

Quarterly average loan balances increased $2.6 billion, or 19.3%.

•

Quarterly average deposits grew 28.8% to $26.8 billion.

•

Noninterest income increased 10.6% and comprised 35.9% of revenue.

•

Credit quality remained strong, with net charge-offs of just 0.13% of average loans, consistent with the company’s historical performance.

KANSAS CITY, Mo. (April 27, 2021) – UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the first quarter of 2021 of $92.6 million, or $1.91 per diluted share, compared to net income of $156.3 million, or $3.24 per diluted share, in the fourth quarter of 2020 (linked quarter) and net loss of $3.4 million, or $0.07 per diluted share, in the first quarter of 2020.

Net operating income, a non-GAAP financial measure reconciled to net income, the nearest comparable GAAP measure, later in this release, was $92.8 million, or $1.91 per diluted share, for the first quarter of 2021, compared to $157.4 million, or $3.26 per diluted share, for the linked quarter and net operating loss of $1.9 million, or $0.04 per diluted share, for the first quarter of 2020. Pre-tax, pre-provision income on a fully tax equivalent basis (PTPP-FTE), a non-GAAP measure reconciled to the components of net income before taxes, the nearest comparable GAAP measure, later in this release, was $108.7 million, or $2.24 per diluted share, for the first quarter of 2021, compared to $202.9 million, or $4.20 per diluted share, for the linked quarter, and $90.2 million, or $1.85 per diluted share, for the first quarter of 2020. These PTPP-FTE results represent a decrease of 46.4% on a linked-quarter basis and an increase of 20.5% compared to the first quarter of 2020.

Net income comparisons to the linked quarter were primarily impacted by an $108.8 million pre-tax gain recognized in the prior period on the company’s equity investment in Tattooed Chef, Inc. (TTCF), and a subsequent $16.1 million pre-tax mark-to-market loss on those investments in the current period. Net income comparisons to the first quarter of 2020 were primarily impacted by the significantly higher provision expense in the prior period related to the implementation of the current expected credit loss (CECL) methodology for estimating allowance for credit losses as well as the $16.1 million pre-tax mark-to-market adjustment on TTCF shares.

Summary of quarterly financial results	UMB Financial Corporation
(unaudited, dollars in thousands, except per share data)
	Q1			Q4			Q1
	2021			2020			2020
Net income (loss) (GAAP)	$	92,643		$	156,320		$	(3,439	)
Earnings (losses) per share (diluted)		1.91			3.24			(0.07	)

Pre-tax, pre-provision income (Non-GAAP)		102,066			196,107			83,746
Pre-tax, pre-provision earnings per share (diluted)		2.10			4.06		1.72

Pre-tax, pre-provision income - FTE (Non-GAAP)		108,744			202,946			90,224
Pre-tax, pre-provision earnings per share - FTE (diluted)		2.24			4.20		1.85

Net operating income (loss) (Non-GAAP)		92,780			157,405			(1,881	)
Operating earnings (losses) per share (diluted)		1.91			3.26			(0.04	)

GAAP
Return on average assets		1.14	%		2.03	%		(0.05	)%
Return on average equity		12.56			21.18			(0.51	)
Efficiency ratio		66.46			53.44			68.93

Non-GAAP
Operating return on average assets		1.14	%		2.05	%		(0.03	)%
Operating return on average equity		12.58			21.33			(0.28	)
Operating efficiency ratio		66.40			53.11			68.19

“Our team continued to deliver and execute on core tenets that differentiate our story and value proposition for our shareholders,” said Mariner Kemper, chairman, president and chief executive officer. “During the first quarter, we saw optimistic signs of an improving operating environment. Strong balance sheet growth funded by a growing core deposit base, robust fee income generation from our diversified business lines, and solid asset quality metrics drove our strong financial results. Average loans, excluding Paycheck Protection Program (PPP) balances, increased 8.4% annualized on a linked-quarter basis. Net charge-offs averaged just 13 basis points of loans, while levels of non-performing assets and delinquencies improved from the end of the prior period. The 19-basis-point decline in net interest margin on a linked-quarter basis was due in part to excess liquidity as well as seasonal inflows in some of our businesses, which had approximately a 16 basis-point impact to our margin.”

Summary of revenue	UMB Financial Corporation
(unaudited, dollars in thousands)
	Q1			Q4			Q1			CQ vs.			CQ vs.
	2021			2020			2020			LQ			PY
Net interest income	$	194,115		$	194,675		$	173,941		$	(560	)	$	20,174
Noninterest income:
Trust and securities processing		54,834			50,773			47,000			4,061			7,834
Trading and investment banking		9,356			9,693			1,723			(337	)		7,633
Service charges on deposit accounts		21,976			20,074			25,081			1,902			(3,105	)
Insurance fees and commissions		420			318			259			102			161
Brokerage fees		3,334			3,918			9,860			(584	)		(6,526	)
Bankcard fees		14,673			15,788			16,545			(1,115	)		(1,872	)
Investment securities (losses) gains, net		(8,336	)		113,010			3,520			(121,346	)		(11,856	)
Other		12,640			14,716			(5,564	)		(2,076	)		18,204
Total noninterest income	$	108,897		$	228,290		$	98,424		$	(119,393	)	$	10,473
Total revenue	$	303,012		$	422,965		$	272,365		$	(119,953	)	$	30,647
Net interest income (FTE)	$	200,793		$	201,514		$	180,419
Net interest margin (FTE)		2.59	%		2.78	%		2.97	%
Total noninterest income as a % of total revenue		35.94			53.97			36.14

Net interest income

•

Net interest income totaled $194.1 million, which is a decrease of $0.6 million as compared to the linked quarter. The positive impact from strong balance sheet growth was reduced by the impacts of lower loan fees and PPP income in the quarter. Average earning assets increased $2.6 billion, or 8.9%, driven primarily by an increase in excess liquidity, while interest-bearing liabilities increased $1.6 billion, or 8.8%.

•

Net interest margin for the first quarter was 2.59%, a decrease of 19 basis points from the linked quarter, driven in part from the impacts of excess liquidity. Earning asset yields declined 21 basis points from the linked quarter, while the cost of interest-bearing liabilities decreased three basis points to 0.24%, driven by a four-basis-point decline in the cost of interest-bearing deposits. Net interest spread decreased 18 basis points to 2.50% from the linked quarter and was 16 basis points lower than the first quarter of 2020.

•

On a year-over-year basis, net interest income increased $20.2 million, or 11.6%, driven by a $2.6 billion, or 19.3%, increase in average loans, and a $1.9 billion, or 22.2%, increase in average securities. These increases were driven by organic loan growth, excess liquidity, and the company’s PPP participation.

•

Average deposits increased 7.5% on a linked-quarter basis and 28.8% compared to the first quarter of 2020. Average noninterest-bearing demand deposit balances increased 9.0% on a linked-quarter basis and 50.2% compared to the first quarter of 2020.

Noninterest income

•

First quarter 2021 noninterest income decreased $119.4 million, or 52.3%, on a linked-quarter basis, largely due to:

A decrease of $121.3 million in investment securities gains, primarily due to a decrease of $124.9 million in gains on the company’s investment in TTCF, partially offset by increases of $1.4 million in equity earnings on alternative investments and $1.3 million in gains on sales of available for sale securities.

Decreases of $4.4 million in company-owned life insurance income and $1.1 million in derivative income, both recorded in other income. The decrease in company-owned life insurance is offset by a proportionate decrease in deferred compensation expense as noted below.

These decreases were partially offset by increases of $2.6 million and $1.0 million in fund services income and trust services income, respectively, both recorded in trust and securities processing, an increase of $1.7 million in healthcare income, recorded in service charges on deposits, and an increase in other income of $4.3 million due to the gain on sale of Prairie Capital Management, LLC (PCM).

•

Compared to the prior year, noninterest income in the first quarter of 2021 increased $10.5 million, or 10.6%, primarily driven by:

An increase of $18.2 million in other income, driven by an increase of $15.0 million in company-owned life insurance and a gain of $4.3 million on the sale of PCM. The increase in company-owned life insurance is offset by a proportionate increase in deferred compensation expense as noted below.

An increase of $7.8 million in trust and securities processing, driven by increases of $5.0 million in fund services income, $1.6 million in trust services income, and $1.2 million in corporate trust revenue.

An increase of $7.6 million in trading and investment banking due to increased trading volume.

These increases were partially offset by the following decreases:

▪

A decrease of $11.9 million in investment securities gains due to the $16.1 million mark-to-market loss on the company’s investment in TTCF, during the first quarter of 2021, partially offset by increased gains on sales of available for sale securities and equity earnings on alternative investments.

▪

A decrease of $6.5 million in brokerage fees, primarily driven by lower 12b-1 income.

▪

A decrease of $3.1 million in service charges on deposits, driven by reduced healthcare income related to customer transfer and conversion fees.

Noninterest expense

Summary of noninterest expense	UMB Financial Corporation
(unaudited, dollars in thousands)
	Q1		Q4		Q1		CQ vs.			CQ vs.
	2021		2020		2020		LQ			PY
Salaries and employee benefits	$	127,681	$	129,272	$	111,060	$	(1,591	)	$	16,621
Occupancy, net		11,935		11,858		12,180		77			(245	)
Equipment		19,615		22,008		21,241		(2,393	)		(1,626	)
Supplies and services		3,492		4,125		4,185		(633	)		(693	)
Marketing and business development		2,345		3,717		4,640		(1,372	)		(2,295	)
Processing fees		15,417		14,408		13,390		1,009			2,027
Legal and consulting		5,755		10,191		6,110		(4,436	)		(355	)
Bankcard		4,956		4,711		4,860		245			96
Amortization of other intangible assets		1,380		1,601		1,734		(221	)		(354	)
Regulatory fees		2,546		2,393		2,366		153			180
Other		5,824		22,574		6,853		(16,750	)		(1,029	)
Total noninterest expense	$	200,946	$	226,858	$	188,619	$	(25,912	)	$	12,327

•

Noninterest expense for the first quarter of 2021 was $200.9 million, a decrease of $25.9 million, or 11.4%, from the linked quarter and an increase of $12.3 million, or 6.5%, from the first quarter of 2020.

•

The linked-quarter decrease in noninterest expense was driven by:

Decreases of $14.2 million in operational losses, $1.0 million in derivative expense, $0.9 million in charitable contributions expense, and $0.9 million in losses on other real estate owned, all recorded in other noninterest expense.

A decrease of $2.4 million in software expense, recorded in equipment expense.

Decreases of $2.3 million in consulting expense and $2.1 million in legal expense, both recorded in legal and professional expense, due to timing of multiple technology initiatives and legal work performed on various matters.

Decreases of $8.4 million in bonus and commission expense, $1.9 million in deferred compensation expense, and $1.0 million in salary and wage expense, all recorded in salaries and employee benefits. These decreases were partially offset by a seasonal increase of $9.6 million in payroll taxes, insurance, and 401(k) expense recognized in the first quarter. The decrease in deferred compensation expense was offset by the decrease in company-owned life insurance income noted above.

•

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

An increase of $16.6 million in salaries and employee benefits, primarily due to increased deferred compensation expense. The increase in deferred compensation expense was offset by the increase in company-owned life insurance income noted above.

These increases were partially offset by a decrease of $2.3 million in marketing and development expense, primarily due to a decline in travel and entertainment expense due to the pandemic, and a decrease of $1.3 million in software expense, recorded in equipment expense.

Income taxes

•

The company recognized income tax expense of $16.9 million, or 15.4%, on pre-tax income of $109.6 million for the three months ended March 31, 2021, compared to an income tax benefit of $0.8 million, or 19.2%, on a pre-tax loss of $4.3 million for the same period in 2020. The amount of tax expense recorded for the three months ended March 31, 2021 reflects management’s estimate of the annual effective tax rate applied to the year-to-date income adjusted for the tax impact of items discrete to the quarter.

Balance sheet

•

Average total assets for the first quarter of 2021 were $33.1 billion compared to $30.6 billion for the linked quarter and $26.0 billion for the same period in 2020.

Summary of average loans and leases - QTD Average					UMB Financial Corporation
(unaudited, dollars in thousands)
	Q1		Q4		Q1		CQ vs.			CQ vs.
	2021		2020		2020		LQ			PY
Commercial and industrial	$	7,139,101	$	7,079,646	$	5,786,545	$	59,455		$	1,352,556
Specialty lending		502,585		506,225		510,316		(3,640	)		(7,731	)
Commercial real estate		5,971,047		5,847,439		5,181,036		123,608			790,011
Consumer real estate		1,970,767		1,903,892		1,414,025		66,875			556,742
Consumer		117,095		128,350		141,972		(11,255	)		(24,877	)
Credit cards		362,051		382,166		418,485		(20,115	)		(56,434	)
Leases and other		183,447		193,363		164,187		(9,916	)		19,260
Total loans	$	16,246,093	$	16,041,081	$	13,616,566	$	205,012		$	2,629,527

•

Average loans for the first quarter of 2021 increased 1.3% on a linked-quarter basis and 19.3% compared to the first quarter of 2020 due to increased commercial real estate and consumer real estate loans and the company’s PPP participation, which had an average balance of $1.3 billion in the first quarter.

Summary of average securities - QTD Average	UMB Financial Corporation
(unaudited, dollars in thousands)
	Q1		Q4		Q1		CQ vs.			CQ vs.
	2021		2020		2020		LQ			PY
Securities available for sale:
U.S. Treasury	$	36,032	$	30,778	$	49,638	$	5,254		$	(13,606	)
U.S. Agencies		95,494		96,082		94,342		(588	)		1,152
Mortgage-backed		5,599,987		5,053,821		4,133,118		546,166			1,466,869
State and political subdivisions		3,552,945		3,600,704		3,058,594		(47,759	)		494,351
Corporates		83,271		76,870		188,257		6,401			(104,986	)
Total securities available for sale	$	9,367,729	$	8,858,255	$	7,523,949	$	509,474		$	1,843,780
Securities held to maturity:
State and political subdivisions	$	1,023,418	$	1,045,640	$	1,108,716	$	(22,222	)	$	(85,298	)
Trading securities		17,540		29,659		48,102		(12,119	)		(30,562	)
Other securities		308,297		267,445		124,795		40,852			183,502
Total securities	$	10,716,984	$	10,200,999	$	8,805,562	$	515,985		$	1,911,422

•

Average securities available for sale increased 5.8% on a linked-quarter basis and 24.5% compared to the first quarter of 2020.

Summary of average deposits - QTD Average				UMB Financial Corporation
(unaudited, dollars in thousands)
	Q1			Q4			Q1			CQ vs.		CQ vs.
	2021			2020			2020			LQ		PY
Deposits:
Noninterest-bearing demand	$	9,753,680		$	8,947,389		$	6,495,611		$	806,291	$	3,258,069
Interest-bearing demand and savings		16,302,880			15,250,236			13,232,370			1,052,644		3,070,510
Time deposits		769,464			767,755			1,097,780			1,709		(328,316	)
Total deposits	$	26,826,024		$	24,965,380		$	20,825,761		$	1,860,644	$	6,000,263
Noninterest bearing deposits as % of total		36.36	%		35.84	%		31.19	%

•

Average deposits increased 7.5% on a linked-quarter basis and 28.8% compared to the first quarter of 2020.

•

Average noninterest-bearing demand deposits increased 9.0% on a linked-quarter basis to $9.8 billion.

Capital

Capital information	UMB Financial Corporation
(unaudited, dollars in thousands, except per share data)
	March 31, 2021			December 31, 2020			March 31, 2020
Total equity	$	2,958,239		$	3,016,948		$	2,663,441
Book value per common share		61.24			62.84			55.33
Tangible book value per common share		57.26			58.64			51.04

Regulatory capital:
Common equity Tier 1 capital	$	2,660,102		$	2,547,634		$	2,279,039
Tier 1 capital		2,660,102			2,547,634			2,279,039
Total capital		3,102,333			3,002,545			2,514,445

Regulatory capital ratios:
Common equity Tier 1 capital ratio		12.25	%		12.10	%		11.90	%
Tier 1 risk-based capital ratio		12.25			12.10			11.90
Total risk-based capital ratio		14.28			14.26			13.12
Tier 1 leverage ratio		8.08			8.37			8.81

•

At March 31, 2021, the regulatory capital ratios presented in the foregoing table exceeded all “well-capitalized” regulatory thresholds.

Asset Quality

Credit quality	UMB Financial Corporation
(unaudited, dollars in thousands)
	Q1			Q4			Q3			Q2			Q1
	2021			2020			2020			2020			2020
Net charge-offs - Total loans	$	5,310		$	1,801		$	5,111		$	5,541		$	7,672
Net loan charge-offs as a % of total average loans		0.13	%		0.04	%		0.13	%		0.15	%		0.23	%
Loans over 90 days past due	$	1,773		$	1,952		$	1,372		$	4,588		$	2,211
Loans over 90 days past due as a % of total loans		0.01	%		0.01	%		0.01	%		0.03	%		0.02	%
Nonaccrual and restructured loans	$	76,706		$	87,823		$	93,695		$	82,245		$	97,029
Nonaccrual and restructured loans as a % of total loans		0.46	%		0.55	%		0.59	%		0.54	%		0.70	%
Provision for credit losses	$	(7,500	)	$	5,000		$	16,000		$	21,500		$	88,000

•

Provision for credit losses for the first quarter decreased $12.5 million from the linked quarter and $95.5 million from the first quarter of 2020.

•

Provision expense in 2020 included increased expense related to the impact on various economic variables due to the COVID-19 pandemic. The decline in the first quarter of 2021 represents a release of Allowance for Credit Losses based on positive macro-economic data and portfolio credit metrics.

•

Net charge-offs for the first quarter totaled $5.3 million, or 0.13%, of average loans, compared to $1.8 million, or 0.04%, of average loans in the linked quarter, and $7.7 million, or 0.23%, of average loans for the first quarter of 2020.

Conference Call

The company plans to host a conference call to discuss its first quarter 2021 earnings results on Wednesday, April 28, 2021, at 8:30 a.m. (CT).

Interested parties may access the call by dialing (toll-free) 877-267-8760 or (international) 412-542-4148 and requesting to join the UMB Financial call. The live call may also be accessed by visiting investorrelations.umb.com or by using the following link:

UMB Financial 1Q 2021 Conference Call

A replay of the conference call may be heard through May 12, 2021 by calling (toll-free)

877-344-7529 or (international) 412-317-0088. The replay access code required for playback is 10153930. 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 (loss), operating earnings (losses) per share - diluted (operating EPS), operating return on average equity (operating ROE), operating return on average assets (operating ROA), operating noninterest expense, operating efficiency ratio, pre-tax, pre-provision income, pre-tax, pre-provision earnings per share – diluted (PTPP EPS), pre-tax, pre-provision income on a fully tax equivalent basis (PTPP-FTE), pre-tax, pre-provision FTE earnings per share – diluted (PTPP-FTE EPS), tangible 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 (loss), operating EPS, operating ROE, operating ROA, operating noninterest expense, operating efficiency ratio, PTPP, PTPP EPS, PTPP-FTE, PTPP-FTE EPS, tangible 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-, severance-, and COVID-19 related items that management does not believe reflect the company’s fundamental operating performance. COVID-19 related expense includes hazard pay for branch associates, computer hardware expense to support associates working remotely, and additional equipment, cleaning, and janitorial supplies to protect the well-being of our associates and customers while on the company’s premises.

Net operating income (loss) for the relevant period is defined as GAAP net income, adjusted to reflect the impact of excluding expenses related to acquisitions, severance expense, COVID-19 related expense, 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, divided by the company’s average total shareholders’ equity for the relevant period. Operating ROA is calculated as net operating income, 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).

Pre-tax, pre-provision income for the relevant period is defined as GAAP net income, adjusted to reflect the impact of excluding income tax and provision expenses.

Pre-tax, pre-provision income on a fully tax equivalent basis for the relevant period is defined as GAAP net interest income on a fully tax equivalent basis plus noninterest income, less noninterest expense.

Tangible shareholders’ equity for the relevant period is defined as GAAP shareholders’ equity, net of intangible assets. Tangible book value per share is defined as tangible shareholders’ equity divided by the Company’s total 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, 2020, 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, the COVID-19 pandemic (the pandemic) may also cause actual results or other future events, circumstances, or aspirations to differ from our forward-looking statements. The pandemic has created a global public-health crisis that has resulted in widespread volatility and deteriorations in household, business, economic, and market conditions. It is currently adversely affecting the company and its customers, counterparties, employees, and first-party service providers, and the continued adverse impacts on our business, financial position, results of operations, and prospects could be significant. We

are not able to accurately predict the extent of the impact of the pandemic on our capital, liquidity, and other financial positions and on our business, results of operations, and prospects at this time, and we believe it will depend on a number of evolving factors, including: (i) the duration, extent and severity of the pandemic; (ii) the response of governmental and non-governmental authorities to the pandemic, which is rapidly changing and not always coordinated or consistent across jurisdictions; (iii) the effect of the pandemic on our customers, counterparties, employees and first-party service providers, which may vary widely, and which is generally expected to increase our credit, counterparty, operational, and other risks; and (iv) the effect of the pandemic on economies and markets, which in turn could adversely affect, among other things, the origination of new loans and the performance of our existing loans. Any forward-looking statement should be evaluated in light of these considerations. 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, Missouri. UMB offers commercial banking, which includes comprehensive deposit, lending and investment services, personal banking, which includes 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, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, and serves business and institutional clients nationwide. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn, or follow us on Twitter at @UMBBank. For information about UMB’s operations, approach and relief measures during the COVID-19 pandemic, please visit umb.com/COVID-19.

Consolidated Balance Sheets	UMB Financial Corporation
(unaudited, dollars in thousands)
	March 31,
	2021			2020
ASSETS
Loans	$	16,497,385		$	13,949,710
Allowance for credit losses on loans		(202,814	)		(187,911	)
Net loans		16,294,571			13,761,799
Loans held for sale		10,275			9,585
Securities:
Available for sale		9,753,392			7,639,451
Held to maturity, net of allowance for credit losses		1,039,711			1,110,925
Trading securities		29,099			61,177
Other securities		298,209			135,194
Total securities		11,120,411			8,946,747
Federal funds sold and resell agreements		1,629,813			784,750
Interest-bearing due from banks		3,860,763			1,109,254
Cash and due from banks		387,230			340,553
Premises and equipment, net		286,068			297,668
Accrued income		131,533			111,879
Goodwill		174,518			180,867
Other intangibles, net		17,793			25,839
Other assets		756,414			675,945
Total assets	$	34,669,389		$	26,244,886

LIABILITIES
Deposits:
Noninterest-bearing demand	$	11,604,415		$	7,269,520
Interest-bearing demand and savings		16,011,812			12,920,980
Time deposits under $250,000		457,290			595,128
Time deposits of $250,000 or more		207,275			389,892
Total deposits		28,280,792			21,175,520
Federal funds purchased and repurchase agreements		2,759,818			1,890,917
Short-term debt		—			15,000
Long-term debt		270,074			70,668
Accrued expenses and taxes		239,001			216,272
Other liabilities		161,465			213,068
Total liabilities		31,711,150			23,581,445

SHAREHOLDERS' EQUITY
Common stock		55,057			55,057
Capital surplus		1,093,667			1,073,089
Retained earnings		1,968,318			1,646,751
Accumulated other comprehensive income, net		169,197			219,390
Treasury stock		(328,000	)		(330,846	)
Total shareholders' equity		2,958,239			2,663,441
Total liabilities and shareholders' equity	$	34,669,389		$	26,244,886

Consolidated Statements of Income	UMB Financial Corporation
(unaudited, dollars in thousands except share and per share data)
	Three Months Ended
	March 31,
	2021			2020
INTEREST INCOME
Loans	$	150,170		$	151,026
Securities:
Taxable interest		27,162			27,212
Tax-exempt interest		24,964			24,404
Total securities income		52,126			51,616
Federal funds and resell agreements		2,821			5,452
Interest-bearing due from banks		703			2,663
Trading securities		159			654
Total interest income		205,979			211,411
INTEREST EXPENSE
Deposits		6,798			29,732
Federal funds and repurchase agreements		1,886			6,381
Other		3,180			1,357
Total interest expense		11,864			37,470
Net interest income		194,115			173,941
Provision for credit losses		(7,500	)		88,000
Net interest income after provision for credit losses		201,615			85,941
NONINTEREST INCOME
Trust and securities processing		54,834			47,000
Trading and investment banking		9,356			1,723
Service charges on deposit accounts		21,976			25,081
Insurance fees and commissions		420			259
Brokerage fees		3,334			9,860
Bankcard fees		14,673			16,545
Investment securities (losses) gains, net		(8,336	)		3,520
Other		12,640			(5,564	)
Total noninterest income		108,897			98,424
NONINTEREST EXPENSE
Salaries and employee benefits		127,681			111,060
Occupancy, net		11,935			12,180
Equipment		19,615			21,241
Supplies and services		3,492			4,185
Marketing and business development		2,345			4,640
Processing fees		15,417			13,390
Legal and consulting		5,755			6,110
Bankcard		4,956			4,860
Amortization of other intangible assets		1,380			1,734
Regulatory fees		2,546			2,366
Other		5,824			6,853
Total noninterest expense		200,946			188,619
Income (loss) before income taxes		109,566			(4,254	)
Income tax expense (benefit)		16,923			(815	)
NET INCOME (LOSS)	$	92,643		$	(3,439	)

PER SHARE DATA
Net income (loss) – basic	$	1.93		$	(0.07	)
Net income (loss) – diluted		1.91			(0.07	)
Dividends		0.32			0.31
Weighted average shares outstanding – basic		48,096,643			48,689,876
Weighted average shares outstanding – diluted		48,520,752			48,689,876

Consolidated Statements of Comprehensive Income	UMB Financial Corporation
(unaudited, dollars in thousands)
	Three Months Ended
	March 31,
	2021			2020
Net income (loss)	$	92,643		$	(3,439	)
Other comprehensive (loss) income, before tax:
Unrealized gains and losses on debt securities:
Change in unrealized holding gains and losses, net		(199,038	)		164,116
Less: Reclassification adjustment for gains included in net income		(2,720	)		(1,227	)
Change in unrealized gains and losses on debt securities		(201,758	)		162,889
Unrealized gains and losses on derivative hedges:
Change in unrealized gains and losses on derivative hedges, net		6,503			14,525
Less: Reclassification adjustment for (gains) losses included in net income		(842	)		768
Change in unrealized gains and losses on derivative hedges		5,661			15,293
Other comprehensive (loss) income, before tax		(196,097	)		178,182
Income tax benefit (expense)		46,954			(41,972	)
Other comprehensive (loss) income		(149,143	)		136,210
Comprehensive (loss) income	$	(56,500	)	$	132,771

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 Income (Loss)			Treasury Stock			Total
Balance - January 1, 2020	$	55,057	$	1,073,764		$	1,672,438		$	83,180		$	(277,999	)	$	2,606,440
Total comprehensive (loss) income		—		—			(3,439	)		136,210			—			132,771
Dividends ($0.31 per share)		—		—			(15,209	)		—			—			(15,209	)
Purchase of treasury stock		—		(4,500	)		—			—			(54,886	)		(59,386	)
Forfeitures of equity awards, net of issuances		—		521			—			—			72			593
Recognition of equity-based compensation		—		2,817			—			—			—			2,817
Sale of treasury stock		—		95			—			—			89			184
Exercise of stock options		—		392			—			—			1,878			2,270
Cumulative effect adjustment		—		—			(7,039	)		—			—			(7,039	)
Balance - March 31, 2020	$	55,057	$	1,073,089		$	1,646,751		$	219,390		$	(330,846	)	$	2,663,441

Balance - January 1, 2021	$	55,057	$	1,090,450		$	1,891,246		$	318,340		$	(338,145	)	$	3,016,948
Total comprehensive income (loss)		—		—			92,643			(149,143	)		—			(56,500	)
Dividends ($0.32 per share)		—		—			(15,571	)		—			—			(15,571	)
Purchase of treasury stock		—		—			—			—			(4,027	)		(4,027	)
Issuances of equity awards, net of forfeitures		—		(4,043	)		—			—			4,738			695
Recognition of equity-based compensation		—		4,457			—			—			—			4,457
Sale of treasury stock		—		65			—			—			86			151
Exercise of stock options		—		2,738			—			—			9,348			12,086
Balance - March 31, 2021	$	55,057	$	1,093,667		$	1,968,318		$	169,197		$	(328,000	)	$	2,958,239

Average Balances / Yields and Rates	UMB Financial Corporation
(tax - equivalent basis)
(unaudited, dollars in thousands)
	Three Months Ended March 31,
	2021						2020
	Average			Average			Average			Average
	Balance			Yield/Rate			Balance			Yield/Rate
Assets
Loans, net of unearned interest	$	16,246,093			3.75	%	$	13,616,566			4.46	%
Securities:
Taxable		6,398,188			1.72			4,694,418			2.33
Tax-exempt		4,301,256			2.98			4,063,042			3.05
Total securities		10,699,444			2.23			8,757,460			2.67
Federal funds and resell agreements		1,643,894			0.70			1,224,196			1.79
Interest bearing due from banks		2,823,771			0.10			826,963			1.30
Trading securities		17,540			4.30			48,102			5.84
Total earning assets		31,430,742			2.74			24,473,287			3.58
Allowance for credit losses		(219,672	)					(112,751	)
Other assets		1,841,224						1,679,390
Total assets	$	33,052,294					$	26,039,926

Liabilities and Shareholders' Equity
Interest-bearing deposits	$	17,072,344			0.16	%	$	14,330,150			0.83	%
Federal funds and repurchase agreements		2,519,373			0.30			2,030,385			1.26
Borrowed funds		269,576			4.78			70,647			7.73
Total interest-bearing liabilities		19,861,293			0.24			16,431,182			0.92
Noninterest-bearing demand deposits		9,753,680						6,495,611
Other liabilities		445,777						392,181
Shareholders' equity		2,991,544						2,720,952
Total liabilities and shareholders' equity	$	33,052,294					$	26,039,926
Net interest spread					2.50	%					2.66	%
Net interest margin					2.59						2.97

Business Segment Information	UMB Financial Corporation
(unaudited, dollars in thousands)
	Three Months Ended March 31, 2021
	Commercial Banking			Institutional Banking		Personal Banking			Total
Net interest income	$	133,032		$	22,138	$	38,945		$	194,115
Provision for credit losses		(8,182	)		220		462			(7,500	)
Noninterest income		7,385			68,421		33,091			108,897
Noninterest expense		65,645			71,282		64,019			200,946
Income before taxes		82,954			19,057		7,555			109,566
Income tax expense		12,813			2,943		1,167			16,923
Net income	$	70,141		$	16,114	$	6,388		$	92,643

	Three Months Ended March 31, 2020
	Commercial Banking			Institutional Banking		Personal Banking			Total
Net interest income	$	106,948		$	33,036	$	33,957		$	173,941
Provision for credit losses		82,220			275		5,505			88,000
Noninterest income		11,240			61,952		25,232			98,424
Noninterest expense		59,043			68,453		61,123			188,619
(Loss) income before taxes		(23,075	)		26,260		(7,439	)		(4,254	)
Income tax (benefit) expense		(4,421	)		5,032		(1,426	)		(815	)
Net (loss) income	$	(18,654	)	$	21,228	$	(6,013	)	$	(3,439	)

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 March 31, 2021.

Non-GAAP Financial Measures

Net operating income Non-GAAP reconciliations:	UMB Financial Corporation
(unaudited, dollars in thousands except per share data)
	Three Months Ended March 31,
	2021			2020
Net income (loss) (GAAP)	$	92,643		$	(3,439	)
Adjustments:
Acquisition expense		—			123
Severance expense		21			1,652
COVID-19 related expense		155			228
Tax-impact of adjustments (i)		(39	)		(445	)
Total Non-GAAP adjustments (net of tax)		137			1,558
Net operating income (loss) (Non-GAAP)	$	92,780		$	(1,881	)

Earnings (losses) per share - diluted (GAAP)	$	1.91		$	(0.07	)
Acquisition expense		—			—
Severance expense		—			0.04
COVID-19 related expense		—			—
Tax-impact of adjustments (i)		—			(0.01	)
Operating earnings (losses) per share - diluted (Non-GAAP)	$	1.91		$	(0.04	)

GAAP
Return on average assets		1.14	%		(0.05	)%
Return on average equity		12.56			(0.51	)

Non-GAAP
Operating return on average assets		1.14	%		(0.03	)%
Operating return on average equity		12.58			(0.28	)

(i) Calculated using the company’s marginal tax rate of 22.2%.

Operating noninterest expense and operating efficiency ratio Non-GAAP reconciliations:	UMB Financial Corporation
(unaudited, dollars in thousands)
	Three Months Ended March 31,
	2021			2020
Noninterest expense	$	200,946		$	188,619
Adjustments to arrive at operating noninterest expense (pre-tax):
Acquisition expense		—			123
Severance expense		21			1,652
COVID-19 related expense		155			228
Total Non-GAAP adjustments (pre-tax)		176			2,003
Operating noninterest expense (Non-GAAP)	$	200,770		$	186,616

Noninterest expense	$	200,946		$	188,619
Less: Amortization of other intangibles		1,380			1,734
Noninterest expense, net of amortization of other intangibles (Non-GAAP) (numerator A)	$	199,566		$	186,885

Operating noninterest expense	$	200,770		$	186,616
Less: Amortization of other intangibles		1,380			1,734
Operating expense, net of amortization of other intangibles (Non-GAAP) (numerator B)	$	199,390		$	184,882

Net interest income	$	194,115		$	173,941
Noninterest income		108,897			98,424
Less: Gains on sales of securities available for sale, net		2,720			1,227
Total Non-GAAP Revenue (denominator A)	$	300,292		$	271,138

Efficiency ratio (numerator A/denominator A)		66.46	%		68.93	%
Operating efficiency ratio (Non-GAAP) (numerator B/denominator A)		66.40			68.19

Pre-tax, pre-provision income non-GAAP reconciliations:	UMB Financial Corporation
(unaudited, dollars in thousands except per share data)
	Three Months Ended March 31,
	2021			2020
Net income (loss) before taxes (GAAP)	$	109,566		$	(4,254	)
Adjustments:
Provision for credit losses		(7,500	)		88,000
Pre-tax, pre-provision income (Non-GAAP)	$	102,066		$	83,746

Pre-tax earnings (losses) per share - diluted (GAAP)	$	2.26		$	(0.09	)
Provision for credit losses		(0.16	)		1.81
Pre-tax, pre-provision earnings per share - diluted (Non-GAAP)	$	2.10		$	1.72

Pre-tax, pre-provision income - FTE Non-GAAP reconciliations:	UMB Financial Corporation
(unaudited, dollars in thousands except per share data)
	Three Months Ended March 31,
	2021		2020
Net interest income	$	194,115	$	173,941
Adjustments to arrive at net interest income - FTE:
Tax equivalent interest		6,678		6,478
Net interest income - FTE	$	200,793	$	180,419
Noninterest income		108,897		98,424
Less: Noninterest expense		200,946		188,619
Pre-tax, pre-provision income - FTE (Non-GAAP)	$	108,744	$	90,224

Net interest income earnings per share - diluted	$	4.00	$	3.57
Tax equivalent interest		0.14		0.13
Net interest income - FTE		4.14		3.70
Noninterest income		2.24		2.02
Less: Noninterest expense		4.14		3.87
Pre-tax, pre-provision income - FTE earnings per share - diluted (Non-GAAP)	$	2.24	$	1.85

Tangible book value non-GAAP reconciliations:	UMB Financial Corporation
(unaudited, dollars in thousands except share and per share data)
	As of March 31,
	2021		2020
Total shareholders' equity (GAAP)	$	2,958,239	$	2,663,441
Less: Intangible assets
Goodwill		174,518		180,867
Other intangibles, net		17,793		25,839
Total intangibles, net		192,311		206,706
Total tangible shareholders' equity (Non-GAAP)	$	2,765,928	$	2,456,735

Total shares outstanding		48,302,634		48,134,601

Ratio of total shareholders' equity (book value) per share	$	61.24	$	55.33
Ratio of total tangible shareholders' equity (tangible book value) per share (Non-GAAP)		57.26		51.04

April 27, 2021 2021 ANNUAL SHAREHOLDERS MEETING A Company Built to Withstand the Test Of Time Exhibit 99.2

Business Meeting 2020 Results Why UMB? Questions & Answers 1st Quarter 2021 Agenda

2021 Annual Meeting of Shareholders 3 Business Meeting Agenda Introduction of the Board of Directors Independent Registered Public Accounting Firm Appointment of Inspector of Election Presentation of List of Shareholders as of Record Date Report of Quorum Opening of the Polls and Review of Proposals Election of Directors Advisory Vote on Executive Compensation Ratification of Appointment of KPMG as Independent Registered Public Accounting Firm Closing of Polls and Preliminary Results

Board of Directors 4 Robin Beery AC, CC (Chair), RC Tim Murphy CC, GC Janine Davidson CC, GC Tammy Peterman RC K.C. Gallagher AC, RC Kris Robbins AC, RC (Chair) Greg Graves Lead Independent Director, GC (Chair) Josh Sosland GC, RC Mariner Kemper Chairman of the Board Leroy Williams CC, RC Sandy Kemper Jim Rine Advisory Director Gordon Lansford AC (Chair), CC Tom Wood Advisory Director AC = Audit Committee; CC = Compensation Committee; GC = Governance Committee RC = Risk Committee

Board of Directors 5 A Special “Thank you” Paul Uhlmann Paul Uhlmann has retired from the board after 21 years of service to UMB.

Business Meeting 2021 Annual Meeting of Shareholders

Agenda Business Meeting 2020 Results Why UMB? Questions & Answers 1st Quarter 2021

2020 Results Net Income 8 Diluted Earnings Per Share (“EPS”) Pre-Tax, Pre-Provision (“PTPP”) Income Net Income All comparisons are full-year 2020 as compared to full-year 2019. (1) 2019 $243.6 million 2020 $286.5 million $318.8 million $469.4 million 2019 2020 Primary drivers of net income growth of $42.9 million: Improved noninterest income +$133.4mm, due largely to A $108.8mm gain on the successful investment in Tattooed Chef; and Increased revenue in several businesses, including fund services, corporate trust and investment banking. Higher net interest income +$60.3mm, related to strong asset growth, the lower rate environment and proactive balance sheet management. Partially offset by: Increased expense for provision for credit losses +$97.7mm due to the implementation of a required accounting standard changing the way banks account for potential loan losses; and Expense growth +$43.1mm, driven largely by employee incentives tied to improved volumes and overall positive company performance, along with increased operational losses, added equipment expense for our investments to support growth and an increase of $1.3mm in charitable contributions. Non-GAAP measure. See reconciliations and additional information beginning on slide 28. (2) 2018 EPS presented on a continuing operations basis. +17.6% +47.2% (2)

9 2020 Results Earnings Summary Dollars in thousands, except per share amounts. The Company adopted ASU 2016-13 as of 1/1/2020. (2) Non-GAAP measure. See reconciliations and additional information beginning on slide 28.

2020 Results Balance Sheet Metrics 10 Total Deposits Total Loans (1) 2019 $12.8 billion 2020 $14.1 billion PPP loans are excluded from 2020 total loan balances. (2) Peer median source: S&P Global. Peer median total loans increased 2.0% (2) Peer median total deposits increased 20.8% (2) Loan–to–Deposit Ratio as of December 31, 2020 UMBF Peer Median (2) All comparisons are full-year 2020 as compared to full-year 2019. +10.4% +20.1% 61% 81%

Agenda Business Meeting 2020 Results Why UMB? Questions & Answers 1st Quarter 2021

12 First Quarter 2021 Results At-A-Glance Diluted Earnings Per Share (“EPS”) 2Q 3Q 4Q 1Q All comparisons are first quarter 2021 as compared to first quarter 2020. PPP loans are excluded from total loan balance. (2) 2018 EPS presented on a continuing operations basis. $3.94 $4.96 $5.93 or $1.91 per diluted share $92.6mm NET INCOME Strong credit quality metrics Net charge-offs 0.13% of average loans +10.6% NONINTEREST INCOME +9.7% AVERAGE LOANS (1) +28.8% AVERAGE DEPOSITS (2)

Agenda Business Meeting 2020 Results Why UMB? Questions & Answers 1st Quarter 2021

“We are at our best when our customers need us most.” Why UMB We have built a reputation of resilience for doing the right things for the people we serve. We have endured - and thrived - because we have built a company designed to perform in all economic cycles. UMB is a company built to withstand the test of time.

15 A company built to withstand the test of time. Beyond The Numbers Our Culture 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. Our Values Our Commitment Our Vision

16 (1) Balances exclude PPP loans. (2) Includes consumer loans plus residential real estate loans to retail and private banking clients. Balances as of December 31, 2020. Our Business Model Diverse By Design Commercial Consumer Commercial & Personal Banking Services 2020 Annual Revenue: $929 million Deposits: $16.7 billion Private Wealth $2.1B in loans (2) $6.6B in deposits AUM = $11.1B AUA = $3.8B Institutional Banking Services 2020 Annual Revenue: $362 million Deposits: $10.3 billion Retail deposit and lending services through 91 branches and online Small business banking Consumer mortgage Private banking services Financial planning Investment management Trust and estate planning Family office Business exit planning Institutional Banking provides solutions for the entire marketplace. $362 billion in AUA. Corporate Trust & Escrow Services Bond trustee & agency services Distressed Debt Default workout & successor trustee services Fund Services Fund accounting, administration, transfer agency & custody Institutional Custody Domestic & international custody services Capital Markets Fixed income sales & trading Public finance Investor Solutions Banking, cash management & specialty services for financial firms Healthcare Services Health savings accounts - $2.5B in deposits Healthcare payment solutions HSA Saver program - $658mm in assets

17 Built for the Ages Our Runway for Growth Opportunity to continue relative outperformance in loan growth Peer-leading levels of fee income Attractive deposit base Solid capital and liquidity positions support growth objectives Differentiated net interest income growth Unwavering credit standards and time-tested underwriting philosophy Focus on returning value to shareholders

18 0.49% 0.25% 0.16% 0.74% 0.36% 0.16% 1.18% 0.79% 0.55% 0.50% 0.22% 0.13% UMB traditional peer group (15 banks); Source: S&P Global. (2) All FDIC-insured institutions; Source: FDIC Annual Statistics. Our History of Strong, Resilient Credit Net Charge-Offs / Average Loans Nonperforming Loans / Loans 15 Year Average 0.30% 15 Year Average 0.43% 2020 Net Charge-offs 0.13% Of avg. loans 2020 Nonperforming Loans 0.55% Of loans

Outperformance Building Long-Term Value 19 15-Year Compounded Annual Growth Rates 2005 – 2020 *KBW Nasdaq Regional Bank Index (50 banks); **UMB traditional peer group (15 banks); ***All publicly-traded banks with data reported for both 2005 and 2020. Source: S&P Global. (1) Non-GAAP measure. See reconciliations and additional information beginning on slide 28.

20 Sustained Growth Returning Value to Shareholders Dividends adjusted for 2-for-1 stock split in 2006. Annual Dividends Declared (1) Total 2020 = $1.25 +3.3% Year-over-year +228.9%

21 Stock Performance Returning Value to Shareholders (1) Median total return of the 50 banks included in the KBW Nasdaq Bank Index; Chart Source: S&P Global. Total Shareholder Return April 2020 – April 2021

22 Stock Performance Returning Value to Shareholders (1) Median total return of the 50 banks included in the KBW Nasdaq Bank Index; Chart Source: S&P Global. Total Shareholder Return April 2006 – April 2021 Total Shareholder Return April 2006 – April 2021

2020 Corporate Citizenship Report 23 Corporate Citizenship Report

Corporate Citizenship Our Commitment Associate volunteerism and corporate philanthropy help build strong community partnerships. 1,000+ participants in our workplace giving campaign supporting qualified nonprofits UMB’s Matching Gift Program utilization increased 380% from 2019 to 2020 $2.6mm+ in donations and sponsorships in 2020 UMB Market went virtual, with videos and worksheets to help children learn about healthy shopping on a budget Eight Business Resource Groups (“BRGs) help us understand the needs of our associates, customers and communities Our BRGs provide opportunities to listen, learn and turn empathy into action Unconscious bias training is embedded throughout manager development offerings In 2020, 29% of all UMB hires were people of color, 47% were women and 8% were veterans 50% diversity among leadership team We want our company to be as diverse as the world we live in. UMB recognizes the undeniable importance of sustainable business practices. Effective governance programs help achieve business goals and drive stakeholder value. 12-person board of directors, with 10 independent members 33% board diversity Deliberate selection criteria which includes diversity standards in the board nomination process Robust risk oversight with distinct risk management committees: enterprise risk, asset and liability, and credit Closely analyzed and competitive compensation practices 74 UMB buildings use automated systems designed to conserve energy More than 161,000 kilowatt hours generated by solar panels Energy-efficient lighting programs saved more than 189K kilowatt hours Recycled 13,350 pounds of comingled materials and 308 pounds of batteries Inclusion & Diversity Community Impact Efficient & Sensible Resource Use Strong Corporate Governance Read our 2020 Corporate Citizenship Report at UMB.com/CorporateCitizenship 24

Questions & Answers 2021 Annual Meeting of Shareholders

Appendix 2021 Annual Meeting of Shareholders

27 Forward-Looking Statements This presentation 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, our 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, the COVID-19 pandemic (the “pandemic”) may also cause actual results or other future events, circumstances, or aspirations to differ from our forward-looking statements. The pandemic has created a global public-health crisis that has resulted in widespread volatility and deteriorations in household, business, economic, and market conditions. It is currently adversely affecting the company and its customers, counterparties, employees, and third-party service providers, and the continued adverse impacts on our business, financial position, results of operations, and prospects could be significant. We are not able to accurately predict the extent of the impact of the pandemic on our capital, liquidity, and other financial positions and on our business, results of operations, and prospects at this time, and we believe it will depend on a number of evolving factors, including: (i) the duration, extent and severity of the pandemic; (ii) the response of governmental and non-governmental authorities to the pandemic, which is rapidly changing and not always coordinated or consistent across jurisdictions; (iii) the effect of the pandemic on our customers, counterparties, employees and third-party service providers, which may vary widely, and which is generally expected to increase our credit, operational, and other risks and (iv) the effect of the pandemic on economies and markets, which in turn could adversely affect, among other things, the origination of new loans and the performance of our existing loans. The pandemic is also expected to have a significant impact on our current expected credit loss (CECL) calculation and related provision under a new accounting standard that we were required to adopt in January 2020. The CECL calculation includes periodic estimates of the net amount expected to be collected over the contractual term of certain financial assets, and requires us to take into account, among other things, economic conditions forecasted over the life of the financial asset, including the current and anticipated effects of the pandemic. Any forward-looking statement should be evaluated in light of these considerations. 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 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.

28 Non-GAAP Reconciliations In this presentation, we provide information about pre-tax pre-provision income, net operating income, operating earnings per share-diluted (operating EPS-diluted), pre-tax, pre-provision earnings per share-diluted (PTPP EPS), 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 and the nearest comparable GAAP financial measures are reconciled on the next 2 slides. The Company believes that these non-GAAP financial measures and the reconciliations may be useful to investors because they adjust for acquisition-, severance-, and COVID-19 related items that management does not believe reflect the Company’s fundamental operating performance. COVID-19 related expense includes hazard pay for branch associates, computer hardware expense to support associates working remotely, and additional equipment, cleaning and janitorial supplies to protect the well-being of our associates and customers while on the Company’s premises. Pre-tax pre-provision income for the relevant period is defined as GAAP net income, adjusted to reflect the impact of excluding income tax and provision expense. Net operating income for the relevant period is defined as GAAP net income, adjusted to reflect the impact of excluding expenses related to acquisitions, severance expense, COVID-19 related expense, and the cumulative tax impact of these adjustments. Operating EPS-diluted is calculated as diluted 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. Tangible book value per share is defined as the Company’s total shareholders’ equity, net of intangible assets, divided by total shares outstanding.

29 Non-GAAP Reconciliations Pre-Tax, Pre-Provision Income Dollars in thousands, except per share amounts, unaudited. Tangible Book Value (1) Share count for December 31, 2005, was adjusted for Company’s 2-for-1 stock split on May 31, 2006.

30 Non-GAAP Reconciliations (1) Calculated using the Company's marginal tax rate of 22.2%. Net Operating Income Dollars in thousands, except per share amounts, unaudited.

1st Quarter 2021 Update UMB Financial Corporation April 27, 2021 Exhibit 99.3

Presentation Index 2 Corporate Overview Opportunity – Our Investment Thesis 1st Quarter 2021 Results Line of Business Updates Appendix 3 7 16 30 40 Board of Directors Forward-Looking Statements Non-GAAP Reconciliations Please refer to the Forward-Looking Statements on page 42 for important disclosures about information contained in this presentation.

Corporate Overview 3 Highlights Corporate Trust / Investment Banking Division Fund Services Asset-based lending Accounts receivable financing Healthcare Services Private Wealth Management / Personal Trust 91 banking centers 232 ATMs UMB Bank Presence Twin Cities - MN Salt Lake City - UT UMB Financial Corporation Headquarters Recent Expansion Markets International Presence UMB Trust & Agency Services – Dublin, Ireland At, or for the 3 months ended, 03/31/21. (1) Includes $1.4B in PPP balances; (2) Includes $11.4B in managed assets and $4.3B in Assets Under Administration for Private Wealth customers; (3) Includes assets in Fund Services, Corporate Trust and Healthcare Services.

Beyond Financials – Our Culture 4 A company built to withstand the test of time. 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. Our Values Our Commitment Our Vision

Corporate Citizenship – Our Commitment Associate volunteerism and corporate philanthropy help build strong community partnerships. 1,000+ participants in our workplace giving campaign supporting qualified nonprofits UMB’s Matching Gift Program utilization increased 380% from 2019 to 2020 $2.6mm+ in donations and sponsorships in 2020 UMB Market went virtual, with videos and worksheets to help children learn about healthy shopping on a budget Eight Business Resource Groups (BRGs) help us understand the needs of our associates, customers and communities Our BRGs provide opportunities to listen, learn and turn empathy into action Unconscious bias training is embedded throughout manager development offerings In 2020, 29% of all UMB hires were people of color, 47% were women and 8% were veterans 50% diversity among leadership team We want our company to be as diverse as the world we live in. UMB recognizes the undeniable importance of sustainable business practices. Effective governance programs help achieve business goals and drive stakeholder value. 12-person board of directors, with 10 independent members 33% board diversity Deliberate selection criteria which includes diversity standards in the board nomination process Robust risk oversight with distinct risk management committees: enterprise risk, asset and liability, and credit Closely analyzed and competitive compensation practices 74 UMB buildings use automated systems designed to conserve energy More than 161,000 kilowatt hours generated by solar panels Energy-efficient lighting programs saved more than 189,000 kilowatt hours Recycled 13,350 pounds of comingled materials and 308 pounds of batteries Inclusion & Diversity Community Impact Efficient & Sensible Resource Use Strong Corporate Governance Read our 2020 Corporate Citizenship Report at UMB.com/CorporateCitizenship 5

Business Model – Our Diverse Foundation (1) Excludes $1.3B in average PPP balances and $362mm in average credit card balances. (2) Includes consumer loans plus residential real estate loans to retail and private banking clients. Balances at or for quarter ended 03/31/21. Commercial & Personal Banking Services Revenue: FY’20 $929 million; 1Q’21 $212 million / Average deposits: $16.9 billion Institutional Banking Services Revenue: FY’20 $362 million; 1Q’21 $91 million / Average deposits: $9.9 billion Institutional Banking provides solutions for the entire marketplace. $375 billion in AUA. Corporate Trust & Escrow Services Bond trustee & agency services Distressed Debt Default workout & successor trustee services Fund Services Fund accounting, administration, transfer agency & custody Institutional Custody Domestic & international custody services Capital Markets Fixed income sales & trading Public finance Investor Solutions Banking, cash management & specialty services for financial firms Healthcare Services Health savings accounts - $2.5B in deposits Healthcare payment solutions HSA Saver program - $717mm in assets Commercial Consumer Private Wealth Average loans: $2.1B (1) (2) Average deposits: $6.6B AUM = $11.4B AUA = $4.3B Retail deposit and lending services through 91 branches and online Small business banking Consumer mortgage Private banking services Financial planning Investment management Trust and estate planning Family office Business exit planning 6

Our Investment Thesis

Investment Thesis – Our Opportunity 8 Track record of relative outperformance in 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 Runway for Growth Attractive deposit base Stable, diverse and low-cost funding sources Net interest income growth outpacing the industry Above peer earning asset growth Focus on returning value to shareholders Risk-adjusted returns EPS and tangible book value growth outpace peers Consistent dividend growth Peer-leading levels of fee income Revenue from diverse lines of business and verticals provide a natural hedge against lower rate environments Solid capital and liquidity positions support growth objectives Higher common equity levels Attractive loan-to-deposit ratio Unwavering credit standards and time-tested underwriting philosophy Strong asset quality metrics Long-tenured credit team – average of 22 years with UMB Chief Credit Officer – 35 years with UMB

Balance Sheet Growth – Across All Business Cycles 9 Average Loans Average Deposits Average annual balances in billions. Excludes PPP balances for 2020. (2) Source: S&P Global. 1.71% 0.34% 1.01% 0.25% Annual Loan Growth Annual Deposit Growth 13% 14% 9% 7% 5% 2% 6% 10% 10% 18% 12% 21% 19% 9% 7% 10% 3% 7% 4% 14% 16% 11% 14% 10% 20% 13% 6% 11% 9% 4% 7% 14% 15 Year CAGR 11.1% 15 Year CAGR 10.6% (1)

Differentiated Revenue Profile – Multiple Sources of Growth 10 Net Interest Income Fee Income Provides Diversity 15 Year CAGR 9.5% Dollars in millions. Note: Fee income prior to 2017 contains income from discontinued operations. (1) Source: S&P Global. 30% 28% 57% 43% $440.2 $1,291.4 $472.2 $613.2 $521.5 $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 15 Year CAGR 7.4% Revenue Growth Peer Med. 15 Year CAGR 5.8% Peer Med. 15 Year CAGR 6.2% Annual NII Growth Annual Revenue Growth 5% 15% 7% 18% 10% 3% 2% 1% 9% 4% 5% 18% 20% 13% 9% 10% 8% 7% 10% 13% 4% 9% 9% 6% 18% 6% 3% 4% 11% 1% 3% 8%

Capital & Liquidity – Supports Growth Outlook 11 Cash & Securities / Assets Loans / Deposits Tier 1 Capital Ratio Tangible Common Equity / Assets (1) Source: S&P Global. (2) Non-GAAP measure. See reconciliations on slide 43. (3) As defined by S&P Global; “Cash, cash equiv. & investment securities/assets.” (4) EOP balances. (4) (3) (2)

History of Strong, Resilient Credit – Through All Economic Environments 12 Net Charge-Offs / Average Loans Nonperforming Loans / Loans (1) UMB’s traditional peer group (15 banks); Source: S&P Global. (3) All FDIC-insured institutions; Source: FDIC Annual Statistics. 0.49% 0.25% 0.16% 0.74% 0.36% 0.16% 1.18% 0.79% 0.55% 0.50% 0.22% 0.13% 15 Year Average 0.30% 15 Year Average 0.43%

Risk-Adjusted Returns – Rowing Close to Shore 13 Source: S&P Global. Risk-Weighted Assets / Assets Return on Risk-Weighted Assets

Outperformance – Building Long-Term Value 14 15-Year Compounded Annual Growth Rates 2005 – 2020 *KBW Nasdaq Regional Bank Index (50 banks); **UMB traditional peer group (15 banks); ***All publicly-traded banks with data reported for both 2005 and 2020. Source: S&P Global. (1) Non-GAAP measure. See reconciliations on slide 43.

Dividend Trends – Sustained Growth 15 Dividends adjusted for 2-for-1 stock split in 2006. Annual Dividends Declared (1) Total +228.9% 2020 = $1.25 +3.3% Year-over-year

1st Quarter 2021 Financial Review

1Q 2021 Results At-A-Glance 17 1Q ’20 4Q ’20 1Q ’21 Linked-Quarter Performance Drivers Dollars in millions, except per share amounts. (1) Non-GAAP measure. See reconciliations on slide 43.

Pre-Tax, Pre-Provision (“PTPP”) Income (1) 1Q 2021 Earnings Highlights 18 (1) Non-GAAP measure. See reconciliations on slide 43. (2) Net gains/losses related to mark-to-market valuations on investment in TTCF stock. $196.1 $102.1 Net Income $118.2 $87.3 $83.7 $90.2 $99.4 $156.3 $92.6 $-3.4 $60.5 $73.1 Dollars in millions, except per share amounts.

Revenue Trends 19 Dollars in millions.

Net Interest Income 20 Drivers of NIM Change Liquidity Trends Impact NIM EA % IBL % COF % $194.1 $173.9 $178.2 $184.4 $194.7 $171.3 $175.7 $180.8 $180.7 Dollars in millions.

Noninterest Income 21 Current Quarter Highlights Composition / Changes in Inv. Securities Gains (Losses) and Trust & Securities Processing Dollars in millions. (1) Source: S&P Global. Noninterest income decreased $119.4mm, or 52.3%, vs. 4Q’20. $16.1mm mark-to-market loss on investment in TTCF vs. a $108.8mm gain in prior quarter; Decrease of $4.4mm in COLI income; partially offset by $2.6mm increase in fund services income; $1.9mm increase in deposit service charges, driven largely by healthcare income; and A gain of $4.3mm on the sale of Prairie Capital Management

Noninterest Expense 22 Current Quarter Highlights Dollars in millions. Noninterest expense decreased $25.9mm, or 11.4%, vs. 4Q’20. Other expense decreased $16.8mm related to various operational and other losses incurred in the prior period; Decrease of $4.4mm in legal and consulting expense due to the variable timing of initiatives; $11.3mm in decreases in salary / wage expense, bonus and commissions and deferred compensation, partially offset by a seasonal increase of $9.6mm in payroll taxes, insurance and 401(k) expense.

$13,617 $15,098 $13,897 $14,233 $14,625 $15,732 $16,041 $16,246 Diversified Loan Portfolio 23 Average balances in millions. Loans by Region Kansas City 39% Colorado 16% Arizona 9% St. Louis 12% Greater MO 6% KS - 3% Texas 10% NE - 2% OK - 2% MN - 1% $14,933

Quarterly Loan Activity 24

Note: We removed Oil & Gas, with 3/31/21 balances of $489mm, and Student Housing CRE, with 03/31/21 balances of $151mm, from the sensitive industries list based on borrower performance and improving industry metrics. PPP loans are excluded from the denominator when calculating percentages of total loans. Impacted Sectors & Deferral Trends 25 5.1% 94.9% All Other Loans $14.4B (1) Modified Loans / Total Loans (1) 8.7% 4.6% 0.4% 0.1%

Strong Asset Quality 26 Delinquencies Allowance for Credit Losses Dollars in millions. (1) Delinquencies represent accruing loans > 30 days past due. (2) Total loans include PPP balances beginning in 2Q 2020. Net Loan Charge-Offs Nonperforming Loans Allowance for Credit Losses on Loans ACL / Total Loans (2)

27 Detailed Net Charge-Off History

$10,391 $8,633 $9,028 $9,658 $9,904 $8,573 $8,858 $9,368 $7,524 $7,928 Available-for-sale Portfolio High-Quality Investment Portfolio 28 (1) Includes purchases made for roll-off and overbuy; net of purchases related to sales/trades. Total Portfolio Average Yield: 2.23% Duration: 72 months Portfolio Statistics & Activity Average balances in millions.

Diversified Deposit Mix 29 $26,826 $20,826 $22,781 $24,127 $24,965 Deposits by Line of Business Commercial Personal Institutional Regional Banking 37% Consumer & Private Wealth 25% Corp. Trust & Inv. Banking 11% Healthcare Services 10% Asset Servicing 7% Specialty Banking 2% Investor Solutions 8% 31% 34% 34% 36% 36% Average balances in millions.

Line of Business Updates

Commercial Banking – C&I Lending 31 Commercial & Industrial Statistics (1) C&I Industry Diversification (2) Average loan size: $4.2 million Considerations Internal limits on loan size and projects per sponsor Concentration guidelines for all lending verticals, monitored for changing conditions Oil & Gas Portfolio Transp. / Warehouse Diversified Technology Materials Manufacturing Retail Healthcare Commercial Services Other (4) Agribusiness RE & Construction Finance & Insurance Energy-Related $6.0B 40.6% of total UMB loans Dollars in millions. (1) Includes commercial & industrial and leases, excludes commercial credit card and PPP loans. (2) Industries as a percentage of C&I portfolio. (3) Excluding PPP loans. (3) (3) Upstream Midstream Service Downstream Line Draws & Utilization Trends

Commercial Banking – Commercial Real Estate 32 Commercial Real Estate Statistics Investment CRE / Construction Portfolio (1) Total Investment CRE Portfolio Average Loan-to-value: 62% Recourse: 88% Regulatory Concentrations Total non-farmland CRE / Total RBC: 146% Construction & Development Loans / Total RBC: 32% Const. / Land Dev. 13% Owner-Occupied 28% Investment CRE 50% $6.2B Farmland 8% as of March 31, 2021 Resi. Construction = 1% of total $4.1B 27.0% of total UMB loans (2) Retail Multifamily Office Building Hotel Industrial Sr. Living Mixed Use Student Housing Other (4) Industries as a percentage of investment CRE and construction portfolio. (2) Excluding PPP loans. (3) Calculated using Tier 1 capital plus an adjusted ACL, per regulatory guidelines. Owner-occupied – new purchase or refinance Real estate development – construction / perm financing, bridge financing, renovations Investment CRE – 3 to 10-year term loans for property investors

Commercial Banking – Capital Finance 33 SBIC fund - UMB Capital Corporation is a small business investment company that provides financing solutions via loans, equity and debt securities Swaps and derivatives - UMB Capital Finance will build customized instruments to help manage interest rate risk and optimize balance sheets Syndicated finance – Expertise in complex funding arrangements Serving small to lower middle-market companies with revenues ~ $2mm to $150mm. Working capital facilities typically between $500k to $10mm for accounts receivable and inventory availability, and up to $30mm for accounts receivable only facilities. Financing that facilitates cash flow when traditional lending may not be available for highly-leveraged borrowers or those with a concentrated customer mix. Serving middle-market companies with revenues ~$15mm to $300mm. Working capital facilities typically $10mm to $50mm via lines of credit secured by accounts receivable and inventory, and term loans supported by equipment, real estate and cash-flow. Deeply experienced in financing acquisitions, recapitalizations and aggressive growth strategies Asset-based Lending Factoring / Accounts Receivable Financing Mezzanine Debt & Minority Equity Investments Examples of recent investments: Average balances in millions.

Personal Banking – Consumer 34 (1) Includes residential real estate and other consumer loans for retail and private banking customers. Metrics at or for the quarter ended March 31, 2021. $ millions Mobile Deposit Use 17% Digital Sales 20% 22% of non-mortgage loan applications of new retail deposit accounts vs. 11% 1Q’20 $40mm $17mm vs. $23mm 1Q’20 Expanding Digital Capabilities of consumer check/cash deposits Mobile App Rating Apple Store 4 stars Google Store 4.5 stars +74%

Personal Banking – Private Wealth Management 35 Includes AUM and AUA. (2) American Customer Satisfaction Index “Score.” Source: Market Strategies International. (3) Source: 2020 Forrester Net Promoter Benchmarks Study Personal Trust 29% Investment Advisory 22% Non-Managed AUA 27% IRAs 5% Brokerage 4% Other 4% Charitable9% Customer Assets Managed Assets (AUM): $11.4B Non-Managed Assets (AUA): $4.3B $639mm $694mm FY’19 FY’20 New Assets / Sales (1) Composition as of March 31, 2021

Institutional Banking – Fund Services & Institutional Custody 36 Assets Under Administration +37% YoY (1) Fund Intelligence ‘19-’20 Awards. (2) Hedgeweek U.S. Awards ‘20 & Private Equity Wire U.S. Awards ‘20. (3) 2020 Mutual Fund Service Guide. (4) Private Equity Wire U.S. Awards ’19. Best Interval Fund Administrator (1) Best Administrator – Technology (2) Voted #1 Transfer Agency (3) Fund Services – Registered Funds & Alternative Investments Institutional Custody $345B $252B $286B $306B $336B # 1 Provides services for 1,700 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 & private corporations, nonprofits, municipalities, fund companies and endowments. Top 10 Mutual Fund Custodian (4) TOP 10 Best US Custodian – 2019 (3)

Institutional Banking – Corp/Specialty Trust & Capital Markets 37 (1) Ranked by number of issues; Thomson Reuters municipal rankings, December 2020. (2) Bloomberg; ranking for 2020. Corporate Trust & Escrow Services Provides bond trustee, agency, escrow and custodial services to municipal and corporate issuers. Offerings include funeral trusts and educational trusts for charter schools. Specialty Trust & Agency Solutions Services for asset-backed securitizations, aviation and other large-scale transportation and real estate projects. Workout services on behalf of bondholders of defaulted transactions. New Irish Office +17% New Business $ Volume on 112 Deals +70% +55% New Business $ Volume on 560 Deals Builds presence in top aviation leasing market Capital Markets Capital solutions including fixed income sales, trading and underwriting for institutional, municipal and not-for-profit organizations. $30,090,000 Revenue Bonds, Series 2017 $55,930,000 Revenue Bonds, Series 2020 Sole Manager Examples of recent deals: $605,600,000 Revenue Bonds, Series 2021 Co-Sr. Manager $19,840,000 Revenue Bonds, Series 2021 Sole Manager KCK Community College Miami Dade County Boys Town Customer Count Growth At, or for the 3 months ended, 03/31/21. All comparisons are 1Q’21 vs. 1Q’20.

FDIC Sweep Assets $69B Institutional Banking – Investor Solutions & Healthcare Services 38 (1) InvestmentNews 2019. (2) Financial Planning June 2020. (3) Ranked by number of accounts; Devenir Research Year-end 2020 Market Statistics & Trends Report. Investor Solutions Provides large-scale banking services and payment solutions for non-bank financial institutions and fintech companies. Annual ACH Transactions Added 4 new fintech clients in 2020 Healthcare Services Provides healthcare payment solutions including health savings accounts (HSAs), healthcare spending accounts and payments technology. HSA Account Holders 1.4mm In HSA Assets & Deposits $3.3B Top 5 HSA Custodians in the U.S. (3) TOP 5 30% of Top Independent Broker-Dealers are UMB Clients (2) 60% of Top Clearing Firms are UMB Clients (1) Benefit Cards 5mm >50mm > 5mm accounts

Payments – Credit & Debit Card Products 39 $3,550 $3,362 $2,578 $3,122 $3,315 Dollars in millions. (1) Rank in commercial, consumer and small business card purchase volume among the top 50 2020 U.S. issuers. Source: Nilson Report, December 2020 Card Purchase Volume & Interchange Trends vs. 1Q ‘20 +5.6% 1Q ‘21 Card Spend $3.6B 23rd In U.S. Credit Card Purchase Volume (1) #23

Appendix

Leadership – Our Board of Directors 41 AC = Audit Committee; CC = Compensation Committee; GC = Governance Committee RC = Risk Committee

Forward-Looking Statements 42 This presentation 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, our 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, the COVID-19 pandemic (the “pandemic”) may also cause actual results or other future events, circumstances, or aspirations to differ from our forward-looking statements. The pandemic has created a global public-health crisis that has resulted in widespread volatility and deteriorations in household, business, economic, and market conditions. It is currently adversely affecting the company and its customers, counterparties, employees, and third-party service providers, and the continued adverse impacts on our business, financial position, results of operations, and prospects could be significant. We are not able to accurately predict the extent of the impact of the pandemic on our capital, liquidity, and other financial positions and on our business, results of operations, and prospects at this time, and we believe it will depend on a number of evolving factors, including: (i) the duration, extent and severity of the pandemic; (ii) the response of governmental and non-governmental authorities to the pandemic, which is rapidly changing and not always coordinated or consistent across jurisdictions; (iii) the effect of the pandemic on our customers, counterparties, employees and third-party service providers, which may vary widely, and which is generally expected to increase our credit, operational, and other risks and (iv) the effect of the pandemic on economies and markets, which in turn could adversely affect, among other things, the origination of new loans and the performance of our existing loans. The pandemic is also expected to have a significant impact on our current expected credit loss (CECL) calculation and related provision under a new accounting standard that we were required to adopt in January 2020. The CECL calculation includes periodic estimates of the net amount expected to be collected over the contractual term of certain financial assets, and requires us to take into account, among other things, economic conditions forecasted over the life of the financial asset, including the current and anticipated effects of the pandemic. Any forward-looking statement should be evaluated in light of these considerations. 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 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.

Non-GAAP Reconciliations 43 In this presentation, we provide information about pre-tax pre-provision income, pre-tax, pre-provision income on a fully tax equivalent basis (PTPP-FTE), pre-tax, pre-provision earnings per share – diluted (PTPP EPS), pre-tax, pre-provision FTE earnings per share – diluted (PTPP-FTE EPS), tangible shareholders’ equity, tangible assets, tangible common equity ratio 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 and the nearest comparable GAAP financial measures are reconciled on the next 4 slides. Pre-tax pre-provision income for the relevant period is defined as GAAP net income, adjusted to reflect the impact of excluding income tax and provision expense. Pre-tax, pre-provision income on a fully tax equivalent basis for the relevant period is defined as GAAP net interest income on a fully tax equivalent basis plus noninterest income, less noninterest expense. Tangible book value per share is defined as the Company’s total shareholders’ equity, net of intangible assets, divided by total shares outstanding. Tangible common equity ratio is calculated as the Company’s total shareholders’ equity, net of intangible assets, divided by total assets, net of intangible assets.

Non-GAAP Reconciliations 44 Pre-Tax, Pre-Provision Income (unaudited, dollars in thousands except share and per share data)

Non-GAAP Reconciliations 45 Pre-Tax, Pre-Provision Income on a Fully Tax-Equivalent Basis (unaudited, dollars in thousands except share and per share data)

Non-GAAP Reconciliations 46 Tangible Book Value (1) Share count for December 31, 2005, adjusted for Company’s 2-for-1 stock split on May 31, 2006. (unaudited, dollars in thousands except share and per share data)

Non-GAAP Reconciliations 47 Tangible Common Equity Ratio (unaudited, dollars in thousands)