UMB Financial Corp

Latest Results (19.11.2025):

UMB Financial Corp's Q4 2024 results highlight solid financial performance with GAAP net income of $120.0 million (or $2.44 per diluted share) and non‐GAAP net operating income of $122.6 million (or $2.49 per diluted share). The quarter saw robust growth on both sides of the balance sheet, with average loans and deposits increasing significantly compared to Q4 2023 and the prior linked quarter, while credit quality remained strong.

Strong GAAP and Non-GAAP Earnings

The fourth quarter GAAP net income reached $120.0 million, up from $109.6 million in the prior quarter and $70.9 million in Q4 2023. In addition, non‐GAAP operating pre-tax, pre-provision income was $166.9 million, reflecting improvements of 8.0% sequentially and 23.7% year-over-year.

Robust Loan and Deposit Growth

UMB Financial Corp experienced a notable increase in average loans with a 14.8% annualized rise on a linked-quarter basis to $25.3 billion, and loans increased by $2.2 billion or 9.4% compared to Q4 2023. Average deposits also surged by 30.9% on a linked-quarter annualized basis to $38.0 billion, reinforcing the bank’s strong balance sheet growth.

Enhanced Net Interest and Noninterest Income

Quarterly net interest income increased by 8.7% sequentially, benefiting from an improved net interest margin boosted by a favorable mix in funding and decreased funding costs. Additionally, noninterest income edged higher, reflecting strong performance in fee-income businesses.

Strategic and Operational Highlights

UMB Financial Corp’s continued disciplined expense management, excellent credit quality, and record-setting year—including annual net income of $441.2 million—set the stage for its strategic merger with Heartland Financial, scheduled to close on January 31, 2025.