Equibles

8-K

UMB FINANCIAL CORP (UMBF)

8-K 2025-10-28 For: 2025-10-28
View Original
Added on April 04, 2026

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): 10/28/2025

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 October 28, 2025, UMB Financial Corporation (the “Company”) issued a press release announcing the financial results for the Company for the quarter and period ended September 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 October 29, 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 October 28, 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 October 28, 2025, the Company issued a press release announcing the Board of Directors of the Company had declared a quarterly dividend of $0.43 per share that is payable on January 2, 2026 to stockholders of record of the Company's common stock as of the close of business on December 10, 2025. The Board of Directors of the Company also declared a dividend of $193.75 per share of the Company's Series B 7.750% preferred stock, which results in a dividend of $0.484375 per depositary share. The preferred stock dividend is payable on January 15, 2026, to stockholders of record of the Company's preferred stock as of the close on business on December 31, 2025.

Item 9.01 Financial Statements and Exhibits

99.1 Press Release announcing financial results for the quarter ended September 30, 2025.
99.2 Investor Presentation Materials, dated October 28, 2025.
99.3 Press Release announcing dividend declaration.
104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

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

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

Date: October 28, 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 Third Quarter 2025 Results

Third Quarter 2025 Financial Highlights

  • GAAP net income available to common shareholders of $180.4 million, or $2.36 per diluted common share, an increase of 64.5% as compared to the third quarter of 2024.
  • Net operating income available to common shareholders(i) of $206.5 million, or $2.70 per diluted common share, an increase of 87.2% as compared to the third quarter of 2024.
  • Third quarter 2025 return on average assets of 1.04% and return on average common equity of 10.14%.
  • Efficiency ratio improved to 58.1% as compared to 61.7% in the third quarter of 2024.
  • Net interest margin on a fully taxable equivalent basis of 3.04%, up 58 basis points from the third quarter of 2024.
  • Average loans increased 8.0% on a linked-quarter annualized basis to $37.1 billion; average loans increased $12.8 billion, or 52.3%, as compared to the third quarter of 2024. End-of-period loans were $37.7 billion at September 30, 2025.
  • Average deposits increased 8.0% on a linked-quarter annualized basis to $56.8 billion. End-of-period deposits were $60.1 billion at September 30, 2025.
  • Expenses of $419.3 million included $35.6 million in acquisition-related costs.
  • Noninterest income increased 28.1% to $203.3 million compared to the third quarter of 2024.
  • Total assets at September 30, 2025 were $71.9 billion, up 51.3% from $47.5 billion as of September 30, 2024.
  • Successfully integrated Heartland Financial, USA, Inc. (HTLF) to UMB's core systems in mid-October.

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

KANSAS CITY, Mo. (October 28, 2025) – UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income available to common shareholders for the third quarter of 2025 of $180.4 million, or $2.36 per diluted share, compared to $215.4 million, or $2.82 per diluted share, in the second quarter (linked quarter) and $109.6 million, or $2.23 per diluted share, in the third 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 $206.5 million, or $2.70 per diluted share, for the third quarter of 2025, compared to $225.4 million, or $2.96 per diluted share, for the linked quarter and $110.4 million, or $2.25 per diluted share, for the

third 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 $293.4 million, or $3.84 per diluted share, for the third quarter of 2025, compared to $309.2 million, or $4.06 per diluted share, for the linked quarter, and $154.6 million, or $3.15 per diluted share, for the third quarter of 2024. These operating PTPP results represent a decrease of 5.1% on a linked-quarter basis and an increase of 89.8% compared to the third quarter of 2024.

“We are extremely pleased to have completed the final milestone of our Heartland Financial USA, Inc. acquisition by successfully executing the systems and brand conversion following the third quarter,” said Mariner Kemper, UMB Financial Corporation chairman and chief executive officer. “I am incredibly proud of the teams that have been working around the clock to make this a smooth and seamless transition for all our clients as well as our associates, and are excited to be operating as one company. Additionally, the combined teams continued to deliver on our business fundamentals as evidenced by our strong third quarter results, which set a new record for loan production and also drove strong fee income, stable credit quality, and continued positive operating leverage.

“Additionally, our third quarter results once again demonstrate the strength of our diversified business model, with strong organic growth momentum supplemented by the early successes from our acquired markets. Average loans and deposits both increased 8.0% annualized on a linked-quarter basis. Gross loan production for the third quarter was a record high at $2.1 billion, and average commercial and industrial loans increased 14.2% on a linked-quarter annualized basis. Noninterest income, excluding investment gains or losses, increased 12.4% to $207.4 million. Net charge-offs on legacy UMB loans averaged only eight basis points of average loans in the third quarter, down from 13 basis points in the prior quarter.”

Third Quarter 2025 earnings discussion

Note: The acquisition of HTLF closed on January 31, 2025; as such, financial results for the second and third quarters of 2025 include the impact from the acquired operations. Financial results in the third quarter of 2024 were impacted by $2.6 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)
Q3 Q2 Q3
2025 2025 2024
Net income (GAAP) $ 188,316 $ 217,394 $ 109,643
Net income available to common shareholders (GAAP) 180,372 215,382 109,643
Earnings per common share - diluted (GAAP) 2.36 2.82 2.23
Operating pre-tax, pre-provision income (Non-GAAP)(i) 293,383 309,182 154,594
Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP)(i) 3.84 4.06 3.15
Operating pre-tax, pre-provision income - FTE (Non-GAAP)(i) 301,697 317,473 161,195
Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP)(i) 3.95 4.17 3.28
Net operating income available to common shareholders (Non-GAAP)(i) 206,546 225,379 110,358
Operating earnings per common share - diluted (Non-GAAP)(i) 2.70 2.96 2.25
GAAP
Return on average assets 1.04 % 1.29 % 1.01 %
Return on average common equity 10.14 12.72 12.63
Efficiency ratio 58.09 53.38 61.69
Non-GAAP(i)
Operating return on average assets 1.20 % 1.35 % 1.01 %
Operating return on average common equity 11.61 13.31 12.71
Operating efficiency ratio 53.02 51.48 61.46

(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) September September
YTD YTD
2025 2024
Net income (GAAP) $ 487,043 $ 321,246
Net income available to common shareholders (GAAP) 475,074 321,246
Earnings per common share - diluted (GAAP) 6.53 6.56
Operating pre-tax, pre-provision income (Non-GAAP)(i) 835,858 458,885
Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP)(i) 11.49 9.37
Operating pre-tax, pre-provision income - FTE (Non-GAAP)(i) 859,968 478,409
Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP)(i) 11.82 9.76
Net operating income available to common shareholders (Non-GAAP)(i) 600,803 336,943
Operating earnings per common share - diluted (Non-GAAP)(i) 8.26 6.88
GAAP
Return on average assets 0.98 % 1.01 %
Return on average common equity 9.84 13.13
Efficiency ratio 58.48 62.82
Non-GAAP(i)
Operating return on average assets 1.23 % 1.06 %
Operating return on average common equity 12.45 13.77
Operating efficiency ratio 53.21 61.12
Summary of revenue UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands)
Q3 Q2 Q3 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Net interest income $ 475,042 $ 467,024 $ 247,376 $ 8,018 $ 227,666
Noninterest income:
Trust and securities processing 87,926 83,263 74,222 4,663 13,704
Trading and investment banking 7,026 6,170 7,118 856 (92 )
Service charges on deposit accounts 29,150 28,865 20,089 285 9,061
Insurance fees and commissions 307 189 282 118 25
Brokerage fees 20,470 20,525 15,749 (55 ) 4,721
Bankcard fees 29,561 29,018 22,394 543 7,167
Investment securities (losses) gains, net (4,093 ) 37,685 2,623 (41,778 ) (6,716 )
Other 32,951 16,470 16,266 16,481 16,685
Total noninterest income $ 203,298 $ 222,185 $ 158,743 $ (18,887 ) $ 44,555
Total revenue $ 678,340 $ 689,209 $ 406,119 $ (10,869 ) $ 272,221
Net interest income (FTE) $ 483,356 $ 475,315 $ 253,977
Net interest margin (FTE) 3.04 % 3.10 % 2.46 %
Total noninterest income as a % of total revenue 30.0 32.2 39.1

Net interest income

  • Third quarter 2025 net interest income totaled $475.0 million, an increase of $8.0 million, or 1.7%, from the linked quarter, driven primarily by continued organic growth in average loans and

  • average earning assets. These increases were partially offset by higher interest expense driven by an increase of $1.7 billion in average interest-bearing deposits and mix changes and lower purchase accounting accretion income.

  • Average earning assets increased $1.7 billion, or 2.7%, from the linked quarter, largely driven by increases of $1.3 billion in average securities and $731.8 million in average loans.

  • Average interest-bearing liabilities increased $1.7 billion, or 3.9%, from the linked quarter, primarily driven by an increase of $1.7 billion, or 4.0%, in interest-bearing deposits. Average noninterest-bearing deposits decreased $544.4 million, or 3.8%, as compared to the linked quarter.

  • Net interest margin for the third quarter was 3.04%, a decrease of six basis points from the linked quarter, due to higher yields on interest-bearing deposits driven by strong growth in higher-cost asset servicing client deposit balances, lower yields on loans due to lower purchase accounting accretion income, and a three-basis-point impact from lower benefit from free funds.

  • On a year-over-year basis, net interest income increased $227.7 million, or 92.0%, driven by a $22.1 billion, or 53.8%, increase in average earning assets, primarily due to rate and mix changes related to the acquisition of HTLF. Average loans increased $12.8 billion, average securities increased $6.3 billion, and average interest bearing due from banks increased $2.7 billion.

  • Average deposits increased 60.8% compared to the third 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 66.4%, and noninterest-bearing demand deposit balances increased 45.9% compared to the third quarter of 2024. Average demand deposit balances comprised 24.4% of total deposits, compared to 25.9% in the linked quarter and 26.9% in the third quarter of 2024.

  • Average borrowed funds decreased $27.7 million as compared to the linked quarter and decreased $836.6 million as compared to the third quarter of 2024, driven by the repayment of the 2020 subordinated debt issuance during the third quarter of 2025 as well as repayment of borrowings under the BTFP and FHLB advances during the fourth quarter of 2024.

Noninterest income

  • Third quarter 2025 noninterest income decreased $18.9 million, or 8.5%, on a linked-quarter basis, largely due to:

  • A decline of $41.8 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 well as $7.1 million in net losses on the company's marketable securities during the third quarter.

  • These decreases were partially offset by the following increases:

  • Increases of $7.3 million in company-owned life insurance income, $5.0 million in bank-owned life insurance income, $2.5 million related to a legal settlement in the third quarter, and $1.9 million in derivative income, all recorded in other income. The increase in company-owned life insurance was offset by a proportionate increase in deferred compensation as noted below.

  • An increase of $4.7 million in trust and securities processing, primarily due to increases of $1.9 million in fund services income, $1.5 million in corporate trust income, and $1.2 million in trust income.

  • Compared to the prior year, noninterest income in the third quarter of 2025 increased $44.6 million, or 28.1%, primarily driven by:

  • Increases of $5.0 million in bank-owned life insurance income, $3.8 million in derivative income, $3.7 million in company-owned life insurance income, and a $2.5 million legal settlement in the third quarter, all recorded in other income. The increase in company-owned life insurance was offset by a proportionate increase in deferred compensation as noted below.

  • An increase of $13.7 million in trust and securities processing driven by increases of $6.4 million in trust income, $4.0 million in fund services income, and $3.3 million in corporate trust income.

  • An increase of $9.1 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.

  • Increases of $7.2 million in bankcard income due to increased interchange income, partially offset by increased rebate expense, and $4.7 million in brokerage income due to higher 12b-1 fees and money market income.

  • These increases were partially offset by a decrease of $6.7 million in investment securities gains, primarily driven by $7.1 million in net losses on the company's marketable securities during the third quarter.

Noninterest expense

Summary of noninterest expense UMB Financial Corporation
(unaudited, dollars in thousands)
Q3 Q2 Q3 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Salaries and employee benefits $ 220,329 $ 213,551 $ 146,984 $ 6,778 $ 73,345
Occupancy, net 19,149 18,571 12,274 578 6,875
Equipment 16,563 16,426 15,988 137 575
Supplies and services 10,492 6,383 4,967 4,109 5,525
Marketing and business development 11,094 11,344 6,817 (250 ) 4,277
Processing fees 45,008 43,638 29,697 1,370 15,311
Legal and consulting 21,616 18,468 9,518 3,148 12,098
Bankcard 11,775 12,363 12,482 (588 ) (707 )
Amortization of other intangible assets 25,317 25,268 1,917 49 23,400
Regulatory fees 8,091 9,259 4,686 (1,168 ) 3,405
Other 29,851 17,897 7,124 11,954 22,727
Total noninterest expense $ 419,285 $ 393,168 $ 252,454 $ 26,117 $ 166,831

  • GAAP noninterest expense for the third quarter of 2025 was $419.3 million, an increase of $26.1 million, or 6.6%, from the linked quarter and $166.8 million, or 66.1% from the third quarter of 2024. Third quarter 2025 expenses included $35.6 million in total acquisition-related and other nonrecurring costs, compared to $13.5 million in the linked quarter and $2.6 million in the third 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 $385.0 million for the third quarter of 2025, an increase of $4.9 million, or 1.3%, from the linked quarter and an increase of $133.4 million, or 53.0%, from the third quarter of 2024.

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

  • An increase of $12.0 million in other expense driven by $19.2 million in fees for termination of legacy HTLF contracts, partially offset by a $7.5 million decrease in charitable contribution expense.

  • An increase of $7.0 million in deferred compensation expense, recorded in salaries and employee benefits. The increase in deferred compensation expense was offset by the increase in company-owned life insurance income noted above.

  • Increases of $4.1 million in supplies and services expense due to purchases of hardware and printing and mailing of conversion notices to customers during the third quarter, and $3.1 million in legal and consulting expense due to the timing of multiple projects.

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

  • Increases of $73.3 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.

  • An increase of $22.7 million in other expense driven by $19.2 million in fees for termination of legacy HTLF contracts, coupled with a $1.1 million increase in operational losses.

  • Increases of $15.3 million in processing fees, driven by increased software subscription costs, and $12.1 million in legal and consulting expense primarily due to non-recurring transaction costs and timing of multiple projects.

  • Increases of $6.9 million in occupancy expense due to branch buildings and office locations added to the company's footprint related to the HTLF acquisition, and $5.5 million in supplies and services due to the printing and mailing of conversion notices to customers and increased computer hardware costs during the third quarter of 2025.

  • Third quarter 2025 noninterest expense included $35.6 million in total acquisition-related and other nonrecurring costs, compared to $13.5 million in the linked quarter, and $2.6 million in the third quarter of 2024. During the third quarter of 2025, this expense was composed primarily of $19.6 million in other expense for contract termination fees as discussed above, $9.2 million in legal and consulting expense, $4.5 million in salaries and employee benefits, and $3.5 million in supplies and services expense. During the linked quarter, the $13.5 million in acquisition-related expense was primarily composed 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 third quarter of 2024, acquisition-related expense was primarily composed of $2.5 million in legal and consulting expense.

Income taxes

  • The company’s effective tax rate was 19.4% for the nine months ended September 30, 2025, compared to 19.0% for the same period in 2024. The increase in the effective tax rate in 2025 is primarily attributable to a smaller portion of income being earned from tax-exempt municipal securities, along with an increase in the state marginal tax rate.

Balance sheet

  • Average total assets for the third quarter of 2025 were $68.5 billion compared to $66.9 billion for the linked quarter and $43.3 billion for the same period in 2024.
Summary of average loans and leases - QTD Average UMB Financial Corporation
(unaudited, dollars in thousands)
Q3 Q2 Q3 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Commercial and industrial $ 14,787,494 $ 14,293,892 $ 10,279,196 $ 493,602 $ 4,508,298
Specialty lending 570,079 561,669 508,957 8,410 61,122
Commercial real estate 16,372,831 16,163,813 9,669,076 209,018 6,703,755
Consumer real estate 4,306,981 4,255,571 3,045,229 51,410 1,261,752
Consumer 242,526 295,118 164,105 (52,592 ) 78,421
Credit cards 755,635 754,601 613,663 1,034 141,972
Leases and other 102,965 82,089 106,937 20,876 (3,972 )
Total loans $ 37,138,511 $ 36,406,753 $ 24,387,163 $ 731,758 $ 12,751,348
  • Average loans for the third quarter of 2025 increased $731.8 million, or 2.0%, on a linked-quarter basis and $12.8 billion, or 52.3%, compared to the third 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)
Q3 Q2 Q3 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Securities available for sale:
U.S. Treasury $ 2,134,787 $ 1,806,041 $ 821,308 $ 328,746 $ 1,313,479
U.S. Agencies 81,708 85,969 166,250 (4,261 ) (84,542 )
Mortgage-backed 7,379,243 6,285,195 3,888,879 1,094,048 3,490,364
State and political subdivisions 2,425,931 2,403,741 1,240,199 22,190 1,185,732
Corporates 236,483 271,915 320,570 (35,432 ) (84,087 )
Collateralized loan obligations 557,125 553,844 340,604 3,281 216,521
Total securities available for sale $ 12,815,277 $ 11,406,705 $ 6,777,810 $ 1,408,572 $ 6,037,467
Securities held to maturity:
U.S. Treasury $ 8,019 $ — $ — $ 8,019 $ 8,019
U.S. Agencies — 49,643 116,286 (49,643 ) (116,286 )
Mortgage-backed 2,402,963 2,439,844 2,597,430 (36,881 ) (194,467 )
State and political subdivisions 3,045,676 3,108,030 2,785,138 (62,354 ) 260,538
Total securities held to maturity $ 5,456,658 $ 5,597,517 $ 5,498,854 $ (140,859 ) $ (42,196 )
Trading securities $ 12,098 $ 16,693 $ 19,743 $ (4,595 ) $ (7,645 )
Other securities 734,793 679,212 447,698 55,581 287,095
Total securities $ 19,018,826 $ 17,700,127 $ 12,744,105 $ 1,318,699 $ 6,274,721
  • Average total securities increased 7.5% on a linked-quarter basis and 49.2% compared to the third quarter of 2024.
Summary of average deposits - QTD Average UMB Financial Corporation
(unaudited, dollars in thousands)
Q3 Q2 Q3 CQ vs. CQ vs.
2025 2025 2024 LQ PY
Deposits:
Noninterest-bearing demand $ 13,858,827 $ 14,403,211 $ 9,502,106 $ (544,384 ) $ 4,356,721
Interest-bearing demand and savings 39,555,585 37,958,601 23,779,651 1,596,984 15,775,934
Time deposits 3,349,181 3,287,556 2,010,199 61,625 1,338,982
Total deposits $ 56,763,593 $ 55,649,368 $ 35,291,956 $ 1,114,225 $ 21,471,637
Noninterest bearing deposits as % of total 24.4 % 25.9 % 26.9 %
  • Average deposits increased 2.0% on a linked-quarter basis and 60.8% compared to the third quarter of 2024. These increases reflect continued organic momentum across legacy UMB geographies as well as the impact of acquired HTLF balances.
  • The linked quarter decline in average demand deposits was driven by expected seasonal declines in certain corporate trust client balances.

Capital

Capital information UMB Financial Corporation
(unaudited, dollars in thousands, except per share data)
September 30, 2025 June 30, 2025 September 30, 2024
Total equity $ 7,443,950 $ 7,285,765 $ 3,535,489
Total common equity 7,161,853 6,885,023 3,535,489
Accumulated other comprehensive loss, net (324,842 ) (442,047 ) (395,856 )
Book value per common share 94.29 90.68 72.45
Tangible book value per common share (Non-GAAP)(i) 63.40 59.80 66.86
Regulatory capital:
Common equity Tier 1 capital $ 5,226,775 $ 4,974,093 $ 3,691,874
Tier 1 capital 5,520,841 5,378,860 3,691,874
Total capital 6,406,709 6,438,598 4,324,890
Regulatory capital ratios:
Common equity Tier 1 capital ratio 10.70 % 10.39 % 11.22 %
Tier 1 risk-based capital ratio 11.30 11.24 11.22
Total risk-based capital ratio 13.11 13.46 13.14
Tier 1 leverage ratio 8.33 8.34 8.58

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

  • At September 30, 2025, the regulatory capital ratios presented in the foregoing table exceeded all “well-capitalized” regulatory thresholds.
  • In mid-July 2025, the company redeemed $115.0 million in outstanding Series A non-cumulative perpetual preferred stock.
  • In mid-September 2025, the company redeemed the $188.9 million in outstanding 3.70% fixed-to-fixed rate subordinated notes due 2030.

Asset Quality

Credit quality UMB Financial Corporation
(unaudited, dollars in thousands)
Q3 Q2 Q1 Q4 Q3
2025 2025 2025 2024 2024
Net charge-offs - total loans $ 18,383 $ 15,462 $ 35,872 $ 8,935 $ 8,454
Net loan charge-offs as a % of total average loans 0.20 % 0.17 % 0.45 % 0.14 % 0.14 %
Loans over 90 days past due $ 6,131 $ 6,813 $ 6,346 $ 7,602 $ 7,133
Loans over 90 days past due as a % of total loans 0.02 % 0.02 % 0.02 % 0.03 % 0.03 %
Nonaccrual and restructured loans $ 131,965 $ 97,029 $ 100,885 $ 19,282 $ 19,291
Nonaccrual and restructured loans as a % of total loans 0.35 % 0.26 % 0.28 % 0.08 % 0.08 %
Provision for credit losses $ 22,500 $ 21,000 $ 86,000 $ 19,000 $ 18,000
  • Provision for credit losses for the third quarter increased $1.5 million from the linked quarter and increased $4.5 million from the third quarter of 2024. The change in provision expense is driven by ongoing recalibrations of econometric loss models and general portfolio trends in the current periods as compared to the prior periods.
  • Net charge-offs for the third quarter totaled $18.4 million, or 0.20% of average loans, compared to $15.5 million, or 0.17% of average loans in the linked quarter, and $8.5 million, or 0.14% of average loans for the third quarter of 2024.
  • Nonaccrual loans increased to $132.0 million, or 0.35% of total loans; the increase compared to the linked quarter was primarily driven by the addition of two legacy HTLF loans to nonaccrual status. At September 30, 2025, these loans held a substantially adequate Purchase Credit Deteriorated (PCD) reserve against them.

Conference Call

The company will host a conference call to discuss its third quarter 2025 earnings results on Wednesday, October 29, 2025, at 8:30 a.m. (CT).

Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 646-844-6383 and requesting to join the UMB Financial call with access code 522391. The live call may also be accessed by visiting investorrelations.umb.com or by using the following link:

UMB Financial 3Q 2025 Conference Call

A replay of the conference call may be heard through November 12, 2025, by calling (toll-free) 866-813-9403 or (international) 929-458-6194. The replay access code required for playback is 252760. 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 37,706,507 $ 24,990,791
Allowance for credit losses on loans (404,971 ) (248,907 )
Net loans 37,301,536 24,741,884
Loans held for sale 3,170 5,176
Securities:
Available for sale 13,378,280 7,015,998
Held to maturity, net of allowance for credit losses 5,652,387 5,474,710
Trading securities 35,811 35,839
Other securities 719,575 465,477
Total securities 19,786,053 12,992,024
Federal funds sold and resell agreements 765,113 399,234
Interest-bearing due from banks 7,892,392 6,601,866
Cash and due from banks 1,073,005 778,069
Premises and equipment, net 398,607 222,056
Accrued income 331,645 218,651
Goodwill 1,835,298 207,385
Other intangibles, net 511,450 65,564
Other assets 1,982,912 1,264,519
Total assets 71,881,181 $ 47,496,428
LIABILITIES
Deposits:
Noninterest-bearing demand 16,188,227 $ 12,840,940
Interest-bearing demand and savings 40,549,723 24,798,869
Time deposits under 250,000 1,985,352 1,245,532
Time deposits of 250,000 or more 1,412,541 817,251
Total deposits 60,135,843 39,702,592
Federal funds purchased and repurchase agreements 2,838,597 2,023,297
Short-term debt — 1,050,000
Long-term debt 471,331 384,758
Accrued expenses and taxes 453,437 387,223
Other liabilities 538,023 413,069
Total liabilities 64,437,231 43,960,939
SHAREHOLDERS' EQUITY
Series B Fixed-Rate Reset Non-Cumulative Perpetual Preferred stock 294,066 —
Common stock 78,666 55,057
Capital surplus 4,001,834 1,138,350
Retained earnings 3,559,717 3,074,617
Accumulated other comprehensive loss, net (324,842 ) (395,856 )
Treasury stock (165,491 ) (336,679 )
Total shareholders' equity 7,443,950 3,535,489
Total liabilities and shareholders' equity 71,881,181 $ 47,496,428

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 Nine Months Ended
September 30, September 30,
2025 2024 2025 2024
INTEREST INCOME
Loans $ 629,057 $ 416,400 $ 1,768,875 $ 1,202,317
Securities:
Taxable interest 138,176 63,466 358,709 186,159
Tax-exempt interest 33,035 24,578 96,022 74,988
Total securities income 171,211 88,044 454,731 261,147
Federal funds and resell agreements 9,365 4,990 25,050 11,726
Interest-bearing due from banks 68,952 47,969 217,811 139,831
Trading securities 312 291 937 1,020
Total interest income 878,897 557,694 2,467,404 1,616,041
INTEREST EXPENSE
Deposits 362,882 262,599 1,009,441 726,999
Federal funds and repurchase agreements 28,632 27,070 81,845 82,813
Other 12,341 20,649 36,413 74,311
Total interest expense 403,855 310,318 1,127,699 884,123
Net interest income 475,042 247,376 1,339,705 731,918
Provision for credit losses 22,500 18,000 129,500 42,050
Net interest income after provision for credit losses 452,542 229,376 1,210,205 689,868
NONINTEREST INCOME
Trust and securities processing 87,926 74,222 250,970 213,710
Trading and investment banking 7,026 7,118 19,107 18,041
Service charges on deposit accounts 29,150 20,089 85,472 63,107
Insurance fees and commissions 307 282 674 832
Brokerage fees 20,470 15,749 59,097 42,929
Bankcard fees 29,561 22,394 84,872 66,708
Investment securities (losses) gains, net (4,093 ) 2,623 28,810 10,127
Other 32,951 16,266 62,679 47,452
Total noninterest income 203,298 158,743 591,681 462,906
NONINTEREST EXPENSE
Salaries and employee benefits 220,329 146,984 655,278 432,851
Occupancy, net 19,149 12,274 53,789 36,267
Equipment 16,563 15,988 49,937 48,094
Supplies and services 10,492 4,967 21,660 11,672
Marketing and business development 11,094 6,817 30,436 19,440
Processing fees 45,008 29,697 129,496 87,334
Legal and consulting 21,616 9,518 68,690 33,978
Bankcard 11,775 12,482 36,933 34,867
Amortization of other intangible assets 25,317 1,917 68,067 5,788
Regulatory fees 8,091 4,686 25,587 26,649
Other 29,851 7,124 57,367 19,385
Total noninterest expense 419,285 252,454 1,197,240 756,325
Income before income taxes 236,555 135,665 604,646 396,449
Income tax expense 48,239 26,022 117,603 75,203
NET INCOME 188,316 109,643 487,043 321,246
Less: Preferred dividends 7,944 — 11,969 —
NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 180,372 $ 109,643 $ 475,074 $ 321,246
PER SHARE DATA
Net income per common share – basic $ 2.38 $ 2.25 $ 6.57 $ 6.59
Net income per common share – diluted 2.36 2.23 6.53 6.56
Dividends per common share 0.40 0.39 1.20 1.17
--- --- --- --- ---
Weighted average common shares outstanding – basic 75,943,943 48,775,072 72,349,952 48,727,914
Weighted average common shares outstanding – diluted 76,366,818 49,078,497 72,744,289 48,993,581
Consolidated Statements of Comprehensive Income UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands)
Three Months Ended Nine Months Ended
September 30, September 30,
2025 2024 2025 2024
Net income $ 188,316 $ 109,643 $ 487,043 $ 321,246
Other comprehensive income (loss), before tax:
Unrealized gains and losses on debt securities:
Change in unrealized holding gains and losses, net 145,415 229,285 264,987 175,005
Less: Reclassification adjustment for net gains included in net income (91 ) — (514 ) (139 )
Amortization of net unrealized loss on securities transferred from available-for-sale to held-to-maturity 8,007 9,618 24,286 27,345
Change in unrealized gains and losses on debt securities 153,331 238,903 288,759 202,211
Unrealized gains and losses on derivative hedges:
Change in unrealized gains and losses on derivative hedges, net (380 ) 40,445 36,652 18,012
Less: Reclassification adjustment for net losses (gains) included in net income 3,114 (1,666 ) 5,131 (7,392 )
Change in unrealized gains and losses on derivative hedges 2,734 38,779 41,783 10,620
Other comprehensive income (loss), before tax 156,065 277,682 330,542 212,831
Income tax expense (38,860 ) (67,904 ) (82,334 ) (51,752 )
Other comprehensive income (loss) 117,205 209,778 248,208 161,079
Comprehensive income (loss) $ 305,521 $ 319,421 $ 735,251 $ 482,325
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 — — — 321,246 161,079 — 482,325
Dividends (1.17 per share) — — — (57,453 ) — — (57,453 )
Purchase of treasury stock — — — — — (7,738 ) (7,738 )
Issuances of equity awards, net of forfeitures — — (11,220 ) — — 11,923 703
Recognition of equity-based compensation — — 14,886 — — — 14,886
Sale of treasury stock — — 237 — — 184 421
Exercise of stock options — — 1,433 — — 1,842 3,275
Common stock issuance costs — — (1,349 ) — — — (1,349 )
Balance - September 30, 2024 — $ 55,057 $ 1,138,350 $ 3,074,617 $ (395,856 ) $ (336,679 ) $ 3,535,489
Balance - January 1, 2025 — $ 55,057 $ 1,145,638 $ 3,174,948 $ (573,050 ) $ (336,052 ) $ 3,466,541
Total comprehensive income — — — 487,043 248,208 — 735,251
Cash dividends declared:
Preferred dividends Series A (350.00 per share) — — — (4,025 ) — — (4,025 )
Preferred dividends Series B (264.79 per share) — — — (7,944 ) — (7,944 )
Common dividends (1.20 per share) — — — (90,510 ) — — (90,510 )
Purchase of treasury stock — — — — — (17,549 ) (17,549 )
Issuances of equity awards, net of forfeitures — — (18,663 ) — — 19,463 800
Recognition of equity-based compensation — — 48,021 — — — 48,021
Sale of treasury stock — — 265 — — 261 526
Exercise of stock options — — 115 — — 301 416
Common stock issuance — — 67,056 — — 168,085 235,141
Preferred stock issuance, net of issuance costs 294,066 — — — — — 294,066
Preferred stock redemption (110,705 ) — (4,500 ) 205 — — (115,000 )
Stock issuance for acquisition, net of issuance costs 110,705 23,609 2,763,902 — — — 2,898,216
Balance - September 30, 2025 294,066 $ 78,666 $ 4,001,834 $ 3,559,717 $ (324,842 ) $ (165,491 ) $ 7,443,950

All values are in US Dollars.

Average Balances / Yields and Rates UMB Financial Corporation
(tax - equivalent basis)
(unaudited, dollars in thousands)
Three Months Ended September 30,
2025 2024
Average Average Average Average
Balance Yield/Rate Balance Yield/Rate
Assets
Loans, net of unearned interest $ 37,138,511 6.72 % $ 24,387,163 6.79 %
Securities:
Taxable 14,798,834 3.70 9,122,386 2.77
Tax-exempt 4,207,894 3.89 3,601,976 3.43
Total securities 19,006,728 3.75 12,724,362 2.96
Federal funds and resell agreements 727,473 5.11 328,240 6.05
Interest bearing due from banks 6,223,615 4.40 3,562,746 5.36
Trading securities 12,098 10.72 19,743 6.37
Total earning assets 63,108,425 5.58 41,022,254 5.47
Allowance for credit losses (388,761 ) (239,950 )
Other assets 5,775,638 2,484,538
Total assets $ 68,495,302 $ 43,266,842
Liabilities and Shareholders' Equity
Interest-bearing deposits $ 42,904,766 3.36 % $ 25,789,850 4.05 %
Federal funds and repurchase agreements 2,863,481 3.97 2,298,240 4.69
Borrowed funds 627,827 7.80 1,464,393 5.61
Total interest-bearing liabilities 46,396,074 3.45 29,552,483 4.18
Noninterest-bearing demand deposits 13,858,827 9,502,106
Other liabilities 879,659 757,379
Shareholders' equity 7,360,742 3,454,874
Total liabilities and shareholders' equity $ 68,495,302 $ 43,266,842
Net interest spread 2.13 % 1.29 %
Net interest margin 3.04 2.46
Average Balances / Yields and Rates UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- --- ---
(tax - equivalent basis)
(unaudited, dollars in thousands)
Nine Months Ended September 30,
2025 2024
Average Average Average Average
Balance Yield/Rate Balance Yield/Rate
Assets
Loans, net of unearned interest $ 35,302,675 6.70 % $ 23,850,976 6.73 %
Securities:
Taxable 13,312,899 3.60 9,140,270 2.72
Tax-exempt 4,201,302 3.82 3,657,837 3.44
Total securities 17,514,201 3.65 12,798,107 2.93
Federal funds and resell agreements 656,637 5.10 260,520 6.01
Interest bearing due from banks 6,562,011 4.44 3,451,537 5.41
Trading securities 16,519 8.00 21,333 6.88
Total earning assets 60,052,043 5.55 40,382,473 5.41
Allowance for credit losses (359,267 ) (230,181 )
Other assets 5,449,485 2,433,597
Total assets $ 65,142,261 $ 42,585,889
Liabilities and Shareholders' Equity
Interest-bearing deposits $ 40,357,901 3.34 % $ 24,500,489 3.96 %
Federal funds and repurchase agreements 2,775,160 3.94 2,367,985 4.67
Borrowed funds 618,153 7.88 1,796,230 5.53
Total interest-bearing liabilities 43,751,214 3.45 28,664,704 4.12
Noninterest-bearing demand deposits 13,898,325 9,889,099
Other liabilities 856,522 764,733
Shareholders' equity 6,636,200 3,267,353
Total liabilities and shareholders' equity $ 65,142,261 $ 42,585,889
Net interest spread 2.10 % 1.29 %
Net interest margin 3.04 2.49
Business Segment Information UMB Financial Corporation
--- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands)
Three Months Ended September 30, 2025
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 331,555 $ 60,997 $ 82,490 $ 475,042
Provision for credit losses 19,465 460 2,575 22,500
Noninterest income 56,089 115,379 31,830 203,298
Noninterest expense 187,031 110,613 121,641 419,285
Income (loss) before taxes 181,148 65,303 (9,896 ) 236,555
Income tax expense (benefit) 36,940 13,317 (2,018 ) 48,239
Net income (loss) $ 144,208 $ 51,986 $ (7,878 ) $ 188,316
Three Months Ended September 30, 2024
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 168,353 $ 44,757 $ 34,266 $ 247,376
Provision for credit losses 15,947 252 1,801 18,000
Noninterest income 31,383 99,598 27,762 158,743
Noninterest expense 87,823 100,011 64,620 252,454
Income (loss) before taxes 95,966 44,092 (4,393 ) 135,665
Income tax expense (benefit) 18,407 8,457 (842 ) 26,022
Net income (loss) $ 77,559 $ 35,635 $ (3,551 ) $ 109,643
Nine Months Ended September 30, 2025
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 928,091 $ 188,487 $ 223,127 $ 1,339,705
Provision for credit losses 104,550 1,325 23,625 129,500
Noninterest income 136,527 327,171 127,983 591,681
Noninterest expense 530,691 323,015 343,534 1,197,240
Income (loss) before taxes 429,377 191,318 (16,049 ) 604,646
Income tax expense (benefit) 83,513 37,211 (3,121 ) 117,603
Net income (loss) $ 345,864 $ 154,107 $ (12,928 ) $ 487,043
Nine Months Ended September 30, 2024
Commercial Banking Institutional Banking Personal Banking Total
Net interest income $ 487,498 $ 144,708 $ 99,712 $ 731,918
Provision for credit losses 35,770 753 5,527 42,050
Noninterest income 104,195 285,199 73,512 462,906
Noninterest expense 271,732 290,128 194,465 756,325
Income (loss) before taxes 284,191 139,026 (26,768 ) 396,449
Income tax expense (benefit) 53,909 26,372 (5,078 ) 75,203
Net income (loss) $ 230,282 $ 112,654 $ (21,690 ) $ 321,246

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 September 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 September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Net income available to common shareholders (GAAP) $ 180,372 $ 109,643 $ 475,074 $ 321,246
Adjustments:
Day 1 acquisition provision expense — — 62,037 —
Acquisition expense 35,603 2,611 102,266 12,592
Severance expense 404 48 1,222 324
FDIC special assessment (1,679 ) (1,730 ) (1,776 ) 7,470
Tax-impact of adjustments (i) (8,154 ) (214 ) (38,020 ) (4,689 )
Total Non-GAAP adjustments (net of tax) 26,174 715 125,729 15,697
Net operating income (Non-GAAP) $ 206,546 $ 110,358 $ 600,803 $ 336,943
Earnings per common share - diluted (GAAP) $ 2.36 $ 2.23 $ 6.53 $ 6.56
Day 1 acquisition provision expense — — 0.85 —
Acquisition expense 0.46 0.06 1.40 0.26
Severance expense 0.01 — 0.02 0.01
FDIC special assessment (0.02 ) (0.04 ) (0.02 ) 0.15
Tax-impact of adjustments (i) (0.11 ) — (0.52 ) (0.10 )
Operating earnings per common share - diluted (Non-GAAP) $ 2.70 $ 2.25 $ 8.26 $ 6.88
GAAP
Return on average assets 1.04 % 1.01 % 0.98 % 1.01 %
Return on average common equity 10.14 12.63 9.84 13.13
Non-GAAP
Operating return on average assets 1.20 % 1.01 % 1.23 % 1.06 %
Operating return on average common equity 11.61 12.71 12.45 13.77

(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 September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Noninterest expense $ 419,285 $ 252,454 $ 1,197,240 $ 756,325
Adjustments to arrive at operating noninterest expense (pre-tax):
Acquisition expense 35,603 2,611 102,266 12,592
Severance expense 404 48 1,222 324
FDIC special assessment (1,679 ) (1,730 ) (1,776 ) 7,470
Total Non-GAAP adjustments (pre-tax) 34,328 929 101,712 20,386
Operating noninterest expense (Non-GAAP) $ 384,957 $ 251,525 $ 1,095,528 $ 735,939
Noninterest expense $ 419,285 $ 252,454 $ 1,197,240 $ 756,325
Less: Amortization of other intangibles 25,317 1,917 68,067 5,788
Noninterest expense, net of amortization of other intangibles (Non-GAAP) (numerator A) $ 393,968 $ 250,537 $ 1,129,173 $ 750,537
Operating noninterest expense $ 384,957 $ 251,525 $ 1,095,528 $ 735,939
Less: Amortization of other intangibles 25,317 1,917 68,067 5,788
Operating expense, net of amortization of other intangibles (Non-GAAP) (numerator B) $ 359,640 $ 249,608 $ 1,027,461 $ 730,151
Net interest income $ 475,042 $ 247,376 $ 1,339,705 $ 731,918
Noninterest income 203,298 158,743 591,681 462,906
Less: Gains on sales of securities available for sale, net 91 — 514 139
Total Non-GAAP Revenue (denominator A) $ 678,249 $ 406,119 $ 1,930,872 $ 1,194,685
Efficiency ratio (numerator A/denominator A) 58.09 % 61.69 % 58.48 % 62.82 %
Operating efficiency ratio (Non-GAAP) (numerator B/denominator A) 53.02 61.46 53.21 61.12
Operating pre-tax, pre-provision income non-GAAP reconciliations: UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands except per share data)
Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Net interest income (GAAP) $ 475,042 $ 247,376 $ 1,339,705 $ 731,918
Noninterest income (GAAP) 203,298 158,743 591,681 462,906
Noninterest expense (GAAP) 419,285 252,454 1,197,240 756,325
Adjustments to arrive at operating noninterest expense:
Acquisition expense 35,603 2,611 102,266 12,592
Severance expense 404 48 1,222 324
FDIC special assessment (1,679 ) (1,730 ) (1,776 ) 7,470
Total Non-GAAP adjustments 34,328 929 101,712 20,386
Operating noninterest expense (Non-GAAP) 384,957 251,525 1,095,528 735,939
Operating pre-tax, pre-provision income (Non-GAAP) $ 293,383 $ 154,594 $ 835,858 $ 458,885
Net interest income earnings per common share - diluted (GAAP) $ 6.22 $ 5.04 $ 18.42 $ 14.94
Noninterest income (GAAP) 2.66 3.24 8.13 9.45
Noninterest expense (GAAP) 5.49 5.15 16.46 15.44
Acquisition expense 0.46 0.06 1.40 0.26
Severance expense 0.01 — 0.02 0.01
FDIC special assessment (0.02 ) (0.04 ) (0.02 ) 0.15
Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP) $ 3.84 $ 3.15 $ 11.49 $ 9.37
Operating pre-tax, pre-provision income - FTE Non-GAAP reconciliations: UMB Financial Corporation
--- --- --- --- --- --- --- --- --- --- --- ---
(unaudited, dollars in thousands except per share data)
Three Months Ended September 30, Nine Months Ended September 30,
2025 2024 2025 2024
Net interest income (GAAP) $ 475,042 $ 247,376 $ 1,339,705 $ 731,918
Adjustments to arrive at net interest income - FTE:
Tax equivalent interest 8,314 6,601 24,110 19,524
Net interest income - FTE (Non-GAAP) 483,356 253,977 1,363,815 751,442
Noninterest income (GAAP) 203,298 158,743 591,681 462,906
Noninterest expense (GAAP) 419,285 252,454 1,197,240 756,325
Adjustments to arrive at operating noninterest expense:
Acquisition expense 35,603 2,611 102,266 12,592
Severance expense 404 48 1,222 324
FDIC special assessment (1,679 ) (1,730 ) (1,776 ) 7,470
Total Non-GAAP adjustments 34,328 929 101,712 20,386
Operating noninterest expense (Non-GAAP) 384,957 251,525 1,095,528 735,939
Operating pre-tax, pre-provision income - FTE (Non-GAAP) $ 301,697 $ 161,195 $ 859,968 $ 478,409
Net interest income earnings per common share - diluted (GAAP) $ 6.22 $ 5.04 $ 18.42 $ 14.94
Tax equivalent interest 0.11 0.13 0.33 0.39
Net interest income - FTE (Non-GAAP) 6.33 5.17 18.75 15.33
Noninterest income (GAAP) 2.66 3.24 8.13 9.45
Noninterest expense (GAAP) 5.49 5.15 16.46 15.44
Acquisition expense 0.46 0.06 1.40 0.26
Severance expense 0.01 — 0.02 0.01
FDIC special assessment (0.02 ) (0.04 ) (0.02 ) 0.15
Operating pre-tax, pre-provision income - FTE earnings per common share - diluted (Non-GAAP) $ 3.95 $ 3.28 $ 11.82 $ 9.76
Tangible book value non-GAAP reconciliations: UMB Financial Corporation
--- --- --- --- ---
(unaudited, dollars in thousands except share and per share data)
As of September 30,
2025 2024
Total common shareholders' equity (GAAP) $ 7,161,853 $ 3,535,489
Less: Intangible assets
Goodwill 1,835,298 207,385
Other intangibles, net 511,450 65,564
Total intangibles, net 2,346,748 272,949
Total tangible common shareholders' equity (Non-GAAP) $ 4,815,105 $ 3,262,540
Total common shares outstanding 75,953,713 48,797,672
Ratio of total common shareholders' equity (book value) per share $ 94.29 $ 72.45
Ratio of total tangible common shareholders' equity (tangible book value) per share (Non-GAAP) 63.40 66.86

Slide 1

3rd Quarter 2025 Update October 28, 2025

Slide 2

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

Slide 3

Corporate Overview Asset-based lending Healthcare Services National Presence International Presence UMBF Trust & Agency Services – Dublin, Ireland Specialized Lending Verticals Corporate Trust Capital Markets (5) Fund Services Private Wealth Management & Personal Trust 192 banking centers (4) 347 ATMs UMB Bank Presence & Expansion UMB Financial Corporation Headquarters Highlights At, or for the 3 months ended 09/30/25. (1) Includes $18.3B 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 55; (4) As of 10/15/25, we had 192 physical locations licensed with the OCC, including 189 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 3Q‘25 Revenue: $502.0 million. 3Q‘25 Average Deposits: $39.3 billion Average loans: $4.5B (1) (2) Average deposits: $13.2B Retail deposit and lending services through 192 banking centers (3) and online Private banking services Consumer mortgage AUM = $18.3B 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: $31.8B (1) Average deposits: $26.1B Agribusiness Energy Practice finance Franchise lending Mezzanine debt and equity investments Commercial Consumer Private Wealth Institutional Banking Services 3Q’25 Revenue: $176.4 million. 3Q‘25 Average Deposits: $17.5 billion Institutional Banking provides solutions for the entire marketplace; $641.5 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, 09/30/25 (1) Excludes credit card; (2) Includes consumer plus residential real estate loans; (3) As of 10/15/25, we had 192 physical locations licensed with the OCC, including 189 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 with clients using multiple UMB products and services Flexible balance sheet well-positioned for changing interest rate environments Above peer earning asset growth Lower loan-to-deposit ratio provides flexibility 24% 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 – 69% of variable loans reprice within 12 months $2.1 billion of securities cash flow expected within 12 months; average rate 3.59% $3.0 billion of fixed-rate loans to reprice within 12 months; average rate 4.99% Ample liquidity sources and regulatory capital levels Access to multiple contingent funding sources Strong capital generation through earnings accretion

Slide 6

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

Slide 7

Beyond Financials Our Commitment to Corporate Citizenship Read our 2024 Corporate Citizenship Report at UMB.com/ESGreport Our programs reinforce our values of doing the right thing, supporting our associates and communities, and providing the unparalleled customer experience. Supporting inclusive, equitable and sustainable economic growth. Remaining committed to the prosperity of the communities we serve. Using an ESG lens in considering long-term financial sustainability and strategic risk management opportunities. ESG Efforts We are a CEO Action for Inclusion & Diversity signatory and are dedicated to fostering a workplace that embraces the diversity of our society. Eight Business Resource Groups help us understand the needs of our associates, customers and communities and turn empathy into action. In 2024, 29% of all legacy UMB hires were people of color, 49% were women and 2% were veterans. 47% of our executive leadership team are women and/or people of color. Fostering an inclusive environment among a diverse group of associates. Employing strong, consistent and transparent governance practices. Efficient & Sensible Resource Use Strong Corporate Governance Inclusion & Diversity 16-person board of directors, with 15 independent members, a lead independent director, and 100% independence on board committees. 44% board diversity, including 6 female directors. Robust risk oversight with distinct risk management committees: enterprise risk, asset and liability, and credit. Board oversight of the executive ESG Committee. Community Impact $5.5mm in community support in 2024, which included housing needs, the arts, agriculture, small business, and education. 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.

Slide 8

Purchase Accounting Update

Slide 9

HTLF Acquisition Accounting Impacts (1) Loan amounts recognized for 3Q’25 include $5.6mm in accelerated accretion from early payoffs of acquired loans and $29.9mm in contractual mark accretion on loans; YTD = $21.5mm from accelerations and $78.7mm contractual; (2) 10-year sum-of-years digits amortization; (3) Includes $23.5mm related to wealth management, straight-line amortization over 7 years, and $8.5mm related to purchased credit card relationships, straight-line amortization over 3 years. Net Interest Margin Impact Net Interest Income Accretion Non-interest Expense Amortization $ in millions $ in millions

Slide 10

Projected Contractual Accretion $111.4 million recognized YTD ‘25 Includes accretion on acquired loans, securities, time deposits and borrowings Projections are updated quarterly, assume no prepayments and are subject to change $ in millions

Slide 11

3rd Quarter 2025 Financial Review

Slide 12

3Q 2025 Highlights – Income Statement (1) Net interest income-FTE, net operating income available to common shareholders / EPS, and operating PTPP income / EPS are non-GAAP measures, reconciled on slides 52 and 53. 2Q ‘25 3Q ‘25 3Q ‘24 $ in millions, except per share amounts Linked-Quarter Commentary

Slide 13

3Q 2025 Highlights – Balance Sheet & Credit $ in millions 2Q ‘25 3Q ‘25 3Q ‘24 Linked-Quarter Commentary

Slide 14

3Q 2025 Net Income $166.9 $233.3 $309.2 $293.4 $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 52; (2) Operating PTPP income and EPS is a non-GAAP measure, reconciled on slide 53; (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 $110.4 $122.6 $168.9 $225.4 $206.5 Net Income & Net Operating Income (1) Operating PTPP Income (2) Operating PTPP Income – gains/losses on inv. securities (3) Operating PTPP Income, ex. gains/losses on inv. securities Operating PTPP EPS (2) Available to Common Shareholders

Slide 15

Revenue Trends Columns may not sum due to rounding differences. $ in millions Linked-Quarter $ ∆ % ∆ 3Q ‘25 2Q ‘25 3Q ‘24 4Q ‘24 1Q ‘25

Slide 16

Net Interest Income & Margin 3Q ‘24 4Q ‘24 1Q ‘25 2Q ‘25 3Q ‘25 NII, ex. PAA NII from PAA Reported NIM NIM ex. PAA $397.6 $467.0 $475.0 $247.4 $269.0 $ in millions $ in millions 2.75% 2.83% 2.78%

Slide 17

Noninterest Income Fee Income / Revenue Peer Median Fee Income / Revenue (1) (1) UMB peers (15 banks), data as of latest available quarter; Source: S&P Capital IQ. Peer group defined on slide 56. (2) Columns and rows may not sum due to rounding differences. Investment Securities Gains (Losses) Brokerage Fees Trust / Securities Processing Bankcard Fees Trading / Invest. Banking Other Income Deposit Svc. Charges. $165.2 $166.2 $222.2 $203.3 $158.7 Composition / Changes in Inv. Securities Gains (Losses) and Trust & Securities Processing (2) Current Quarter Commentary $ in millions $ in millions Linked-Quarter Noninterest income decreased $18.9mm to $203.3mm for 3Q’25. LQ drivers included: -$41.8mm swing in gains on equity & debt investment portfolio, largely due to market value changes on our investment in Voyager Technologies, offset by gains on various other private investments VOYG stock: 904k shares; price $29.78 on 9/30/25, $39.25 on 6/30/25 Partially offset by: +$7.3mm in COLI and other market-related income +$5.0 million in BOLI income +$4.7mm in trust & securities processing income, see below for detail +$2.5mm related to a nonrecurring legal settlement benefit in 3Q’25 +$1.9mm in derivative income related to customer swaps

Slide 18

Noninterest Expense (1) Columns may not sum due to rounding differences; (2) Operating noninterest expense is a non-GAAP metric, reconciled on slide 52; (3) See slide 12 for additional detail on acquisition expense. Noninterest expense increased $26.1mm to $419.3mm on a GAAP basis. The linked-quarter variances are largely driven by one-time acquisition-related costs of $35.6mm compared to $13.5mm in the prior quarter. (3)   On an operating basis, which excludes acquisition and severance expense and FDIC special assessments, noninterest expense was $385.0mm, an increase of $4.9mm. (2) Notable 3Q’25 items included: Increased salary & wage expense, driven by an additional salary day during the quarter, +$7.0mm in deferred compensation expense (with related increase in COLI income), and +$1.4mm in commission expense due to strong sales performance Partially offset by: A decrease of $7.5mm in charitable contribution expense, recorded in “other expense” Current Quarter Commentary 3Q ‘24 4Q ‘24 1Q ‘25 2Q ‘25 3Q ‘25 $ in millions Linked-Quarter $ ∆ % ∆

Slide 19

$ 37,139 $ 24,387 $ 25,290 $ 32,310 Diversified Loan Portfolio $ 36,407 3Q ‘24 2Q ‘25 3Q ‘25 6.28% Linked-Quarter $ ∆ Utah: 5% California: 4% Illinois: 2% Wisconsin: 2% Greater MO: 3% Kansas: 1% New Mexico: 2% Iowa: 2% Minnesota: 1% Nebraska: 1% Oklahoma: 1% Smaller Regions: Kansas City 23% Colorado 19% Arizona 11% St. Louis 13% 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 6.27% % ∆

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) 3Q ‘25 2Q ‘25 3Q ‘24 4Q ‘24 1Q ‘25 $ 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 Allowance for Credit Losses on Loans ACL / Total Loans Net Charge-offs NCOs / Average Loans Delinquencies Delinquencies / Loans Nonperforming Loans NPLs / Total Loans

Slide 22

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

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, based on credit factors that were determined to be in existence as of the date of acquisition.

Slide 24

Available-for-Sale (1) High-Quality Investment Portfolio $7,414 $9,635 $11,407 $12,815 $5,424 $5,628 $5,598 $5,499 Average balances - $ in millions Average Blended Yield Treasuries Corp. & Commercial Paper GNMA/GSE Mortgage-Backed GSE Agencies General Obligation Municipals Collateralized Loan Obligations Revenue Bonds $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 Held-to-Maturity (1) $5,455

Slide 25

Securities Portfolio Statistics Amortized Cost Fair Value Net Unrealized Loss $ in millions; as of 09/30/25 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. 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 $56,764 $35,292 Commercial Personal Institutional Commercial Banking 46% Consumer & Private Wealth 23% Capital Mkts & Corp. Trust 7% Healthcare Services 6% Fund Services 10% Investor Solutions 8% 27% 28% 27% 26% $50,285 Interest-Bearing Demand & Savings Demand Deposits Time Deposits DDA / total deposits Deposits by Line of Business Average Total Deposit Cost 3Q ‘24 2Q ‘25 3Q ‘25 Linked-Quarter $ ∆ Avg. balances; $ in millions Avg. balances; $ in millions 24% %∆

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 69% of total end-of-period loans, or ~ $26.0B, are variable 72% of total loans reprice within 12 months Of variable loans - % tied to indices for next 12 months: Year 2 Year 1 - 300 - 200 - 100 + 100 Shock Scenario Year 2 Year 1 75% - 1-Month SOFR 83% adjust monthly 10% adjust daily 21% - Prime 25% adjust monthly 60% adjust daily Floor Contracts – indexed to 1 Month SOFR; 4–6-year terms Interest Rate Floor Spreads Impact to Net Interest Income Loan Maturities & Repricing Cash Flow Hedges of Interest Rate Risk 4% - other 4.05% contract; notional value of $125mm, effective 10/24 4.80% contract; notional value of $250mm, effective 12/24 5.05% contract; notional value of $250mm, effective 03/25 Ten floor spreads; aggregate notional value of $2.375B Weighted average rate: 4.84% / 2.37% Deposit Mix by Rate Sensitivity Fixed Rate Loans Variable Rate Loans $3.0 billion of fixed rate loans reprice within 12 months; average rate 4.99% Average for 3Q’25 Hard Indexed – immediate adjustment Soft Indexed – negotiated / bid accounts Non-Indexed Interest-Bearing DDA

Slide 28

Capital & Liquidity Position As of September 30, 2025 $ in billions CET 1 Total Capital Tier 1 Leverage Tangible Common Equity Ratio (1) 6.92% Total Common Equity / Total Assets 9.96% 6.50% 10.00% 5.00% (1) Tangible common equity and tangible common equity ratio are non-GAAP measures, reconciled on slide 54. 13.11% 10.70% 8.33% Regulatory Capital Ratios Ample Liquidity Available Liquidity Sources $7.4B $7.4B $7.0B $3.9B $4.0B 11.0% 9.5% 9.4% 13.3% 12.0% 8.4% Fed funds & resell agreements Int-bearing due from banks % of average earning assets $ billions Pre- pandemic $2.1B UMBF ratio “Well Capitalized” 11.30% 8.00% Tier 1

Slide 29

Line of Business Updates

Slide 30

Commercial Banking Commercial Capabilities Investment Real Estate Industrial Multi-family Office Retail Hotel Student Housing Agribusiness Asset-based Lending Energy Lending Lending Verticals C&I Lending Owner-Occupied CRE Middle Market Working capital lines Equipment loans Business Banking Practice Finance Small Business Banking Small / Medium Business Middle Market 56% Investment Real Estate 25% Sm./Med Biz 5% Specialized Verticals 14% $31.8B (1) Average loan balances for 3Q‘25, excluding credit card; (2) Rank among U.S. Visa and Mastercard Commercial Card Issuers, Source: Nilson Report, May ‘25; (3) “Production ag lending” per ABA 2Q ‘25, FDIC data. #12 of 100 Largest Farm Lenders in the U.S. (3) Commercial Credit Card Purchase Volume (2) TOP 15 Prepaid & Purchasing Card Volume (2) TOP 10 Commercial Lending Portfolio Average Loan Balance & Composition (1) Franchise Lending Healthcare Lending

Slide 31

Commercial Banking C&I Lending C&I loans of $15.3B as of 9/30/25 = 40.6% of UMB loans Includes Middle Market, Lending Verticals and Small / Medium Business Considerations Internal limits on loan size and projects per sponsor Concentration guidelines for all lending verticals, monitored for changing conditions Food & Beverage 2% Diversified 2% Finance & Insure 2% Materials & Commodities 2% Manu-facturing 3% Retail 3% Healthcare 2% Commercial Services 3% Other (2) 5% Agri-business 3% Energy-Related 3% Average Line Utilization Trends Construction & Real Estate Industry 5% (1) End-of-period balances as of 09/30/25. C&I Industries as % of Total UMB Loans (1) Commercial & Industrial Statistics (2) Other - 5% of total UMB loans Tech & Media Auto-related Transportation Entertainment / Rec. Consumer Services Apparel / Textiles Govt. / Education Utilities Non-Depository Financial Institutions $2.1 billion in balances to strong, seasoned borrowers Approximately 1/3 are subscription lines, largely to asset servicing and private equity clients Remainder of portfolio comprised of loans to PE firms, insurance and other financial companies Strategically underwritten, actively monitored and managed Excellent historical credit quality Non-Depository Financial Institutions 6%

Slide 32

Commercial Banking Commercial Real Estate Sr. Living 1-4 Unit Rentals Vacant Land Other (3) Investment CRE & Construction Portfolio $11.0B = 29.1% of total UMB loans Average Loan-to-Value: 57% Loans with Recourse: 86% Investment Real Estate Rate Type: Fixed – 27% Variable – 73% End-of-period balances as of 09/30/25; (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 $5.6B = 14.8% of total UMB loans New purchase or refinance Rate Type: Fixed – 54% Variable – 46% Owner - Occ 13% Farmland 2% $5.6B $11.0B 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) Const. / Land Dev. 9% Investment CRE 20% Industrial 9% Multifamily 7% Office 4% Retail 2% Hotel 2% 2% 1% 1% 1%

Slide 33

Personal Banking Consumer Loans (1) Growth engine for new customers; deepening existing relationships 76.6 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 192 Banking Centers (3) 347 ATMs 45 $2.5B Private Bankers Across 13 regions Average Private Banking Deposits Deposits (1) Mortgage 21 MLOs across UMB Footprint Community Development Competitive mortgage solutions for all client types Average Mortgage Balances Diverse client engagement in our communities 68 Financial Education Classes 10 Community Partners Served 1,360 Community Participants Key Products Offered Fannie Mae / Freddie Mac Portfolio on balance sheet mortgages Secondary market mortgages 1st Time Homebuyer Assistance $3.6B 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 +82% $13.0B Metrics at, or for the quarter ended, 09/30/25, unless otherwise stated. (1) Average quarterly balances; (2) Full-year ’24 Net Promoter Score for 57 financial services companies, source Medallia, Inc; (3) As of 10/15/25, we had 192 physical locations licensed with the OCC, including 189 retail branches plus 3 commercial or private banking centers. $13.2B $4.4B +34%

Slide 34

Personal Banking Private Wealth Management Composition as of 09/30/25. (1) Includes Assets Under Management and Assets Under Administration. Personal Trust 27% Investment Advisory 47% Non-Managed AUA 12% IRAs 6% Brokerage 4% Other 4% Customer Assets Wealth Management Financial planning Discretionary investment management Strategic wealth solutions for ultra-high net worth families Business succession and exit planning Brokerage services 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 $18.3B Managed Assets (AUM) $2.5B Non-Managed Assets (AUA) $ in millions New Assets / Sales (1)

Slide 35

UMB Private Investments Overview Target Investment Criteria Combines the strength of a dedicated investment team with the deep resources of UMB Financial Corporation Investment team and investment committee members bring multiple decades of experience Serves existing and prospective UMB Bank clients, cross-selling products and services, including treasury management, senior lending, card services and private banking $167mm Value of Active Holdings (1) 51 Active Portfolio Company Count (1) 150+ Businesses Reviewed Annually $225mm+ 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 06/30/25. Private Investments Minority Equity & Mezzanine Debt

Slide 36

Institutional Banking Fund Services & Institutional Custody $509B $553B $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 (7) (8) Custodian Service of the Year (9) Net New Accounts YTD Custody AUA +11.1% YoY +130 $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 Awards ’25; (4) Hedgeweek US Emerging Managers Awards ’24; (5) Global Custodian Industry Leaders Editor’s Choice ’23; (6) PE Wire ’23; (7) HFM Services Awards ’21 and ’22; (8) Hedgeweek US Awards ‘23; (9) Private Credit US Awards ‘24. Best Interval Fund Administrator (1) Best Fund accounting and reporting software (2)(3) Best Administrator – Mid Market & Emerging Managers (6)   Best New Fund Services Project – RFS (5)   Administrator of the Year – Technology (4)

Slide 37

Institutional Banking Corporate / Specialty Trust & Capital Markets (1)Thomson Reuters municipal rankings, 2Q‘25. Ranked by number of issues. Corporate Trust & Escrow Services Provides trustee, paying agent and escrow services to municipal and corporate issuers. $87B Assets Under Administration Paying Agent in U.S. (1) #2 Municipal Trustee in U.S. (1) #3 Specialty Trust & Agency Solutions Services for asset-backed securitizations, aviation and other transportation and real estate projects. Workout and successor trustee services on behalf of bondholders of defaulted transactions. Collateral administration for CLOs, credit funds, separate accounts and other portfolios of loans. +49% 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 September YTD Closed Deals +113% Year-Over-Year

Slide 38

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 ~102mm ~ 5.3 mm accounts for September 2025 Recognized for Investment Quality (1) Sample BaaS Partnerships Named a Top HSA for Features & Investment Options (1) (1) Investor’s Business Daily ‘23; (2) #6 in total accounts and #8 in total assets as of June 30, 2025 - Devenir Research Mid-Year ’25; (3) End-of-period balances as of 09/30/25. 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) $1.7B

Slide 39

Payments Credit & Debit Card Products Dollars in millions. (1) Rank in commercial, consumer and small business cards among top 50 U.S. Visa & Mastercard issuers as of June 30, 2025. Source: Nilson Report, Mid-Year ‘25. Card Purchase Volume & Interchange Trends 21st in U.S. Credit Card Purchase Volume (1) #21 $4,575 $5,601 $5,443 $4,658 $5,406 Interchange Income Consumer Credit Healthcare Debit Commercial Credit Inst. Cash Mgmt. Consumer Debit $5.4B 3Q ‘25 Card Spend +16.8% YoY

Slide 40

Long-Term Performance Trends

Slide 41

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. $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%

Slide 42

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

Slide 43

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%

Slide 44

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 55; (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. Common Dividends Declared (1) FY ’25 = $1.63 +3.8% vs. 2024 +290.2% annually 2004 – 2025 4Q ’25 = $0.43 +7.5% quarterly increase

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 55. (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

Slide 49

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

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

Slide 52

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 53

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

Slide 54

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 55

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

Slide 56

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

EX-99.3

Exhibit 99.3

img105881099_0.jpg

UMB Financial Corporation News Release

1010 Grand Boulevard

Kansas City, MO 64106

816.860.7000

umb.com

//FOR IMMEDIATE RELEASE//

Media Contact: Stephanie Hollander: 816.729.1027

Investor Relations Contact: Kay Gregory: 816.860.7106

UMB Financial Corporation Declares Common and Preferred Dividends

KANSAS CITY, Mo. (October 28, 2025) – UMB Financial Corporation (Nasdaq: UMBF) announced today that the board of directors has declared the following quarterly dividends:

  • $0.43 per share on the company’s common stock (UMBF), payable on January 2, 2026, to shareholders of record as of December 10, 2025, and
  • $193.75 per share of the Company's Series B 7.75% preferred stock (UMBFO), which results in a dividend of $0.484375 per depositary share. The preferred stock dividend is payable on January 15, 2026, to stockholders of record of the preferred stock as of the close of business on December 31, 2025.

The quarterly dividend of $0.43 per share on common stock represents an increase of 7.5% from the prior quarter and marks the 23rd dividend increase in the past 20 years.

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.

Report a Problem

Category
Description
Email (optional, for follow-up)