UMB Financial Corporation
- Open
- 142.76
- Day high
- 146.20
- Day low
- 141.57
- Prev close
- 142.76
- Volume
- 159K
- Mkt cap
- $11.1B
- P/E (TTM)
- 12.9
- EPS (TTM)
- $11.34
- P/B
- 1.4
- P/S
- 2.5
- Yield
- 0.59%
- Per share
- $0.86
- ▼Insiders net selling -$1.3M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions mixed (13F)
UMB Financial Corporation (UMBF) is a Financial Services company listed on NASDAQ. The stock is up 32% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4).
UMB Financial Corporation (UMBF) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 6 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
UMBF earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $2.82 | $3.41 | +20.9% | $739M | +5.3% |
| Jan 27, 2026 | $2.71 | $3.08 | +13.7% | $721M | +2.8% |
| Jul 29, 2025 | $2.35 | $2.96 | +26.0% | $633M | -2.9% |
| Jan 28, 2025 | $2.25 | $2.49 | +10.7% | $394M | -4.4% |
| Jan 30, 2024 | $1.76 | $2.29 | +30.1% | $335M | -7.2% |
| Jul 25, 2023 | $1.93 | $1.85 | -4.1% | $329M | -12.5% |
| Jan 24, 2023 | $1.99 | $2.06 | +3.5% | $340M | -8.5% |
| Jul 26, 2022 | $1.90 | $2.83 | +48.9% | $376M | +8.2% |
| Jan 25, 2022 | $1.85 | $1.61 | -13.0% | $316M | -3.9% |
| Jul 27, 2021 | $1.78 | $1.79 | +0.6% | $323M | -0.3% |
| Jan 26, 2021 | $1.48 | $3.26 | +120.3% | $416M | -26.1% |
| Jul 28, 2020 | $0.37 | $1.26 | +240.5% | $281M | +219.8% |
UMBF insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 10, 2026 | Wilson Umaofficer: Executive Vice President | Sell | 922 | $133.05 |
| Jun 10, 2026 | Rine James Dofficer: President | Sell | 1,074 | $133.22 |
| Jun 10, 2026 | Rine James Dofficer: President | Sell | 7,172 | $132.49 |
| Jun 10, 2026 | Gallagher Kevin Charlesdirector | Sell | 381 | $132.88 |
| Jun 10, 2026 | Wilson Umaofficer: Executive Vice President | Option | 922 | $75.25 |
| May 5, 2026 | Murphy Timothy R.director | Grant | 116 | $129.24 |
| May 4, 2026 | SCHMIDT JOHN Kdirector | Grant | 116 | $129.24 |
| May 4, 2026 | Williams Leroy James Jrdirector | Grant | 116 | $129.24 |
| May 4, 2026 | Gallagher Kevin Charlesdirector | Grant | 116 | $129.24 |
| May 4, 2026 | Murphy Susan Gdirector | Grant | 116 | $129.24 |
| May 4, 2026 | Lazo Margaretdirector | Grant | 116 | $129.24 |
| May 4, 2026 | Henderson Brad J.director | Grant | 116 | $129.24 |
| May 4, 2026 | Davidson Janinedirector | Grant | 116 | $129.24 |
| May 4, 2026 | Gordon Lansford E.director | Grant | 116 | $129.24 |
| May 4, 2026 | GRAVES GREG Mdirector | Grant | 116 | $129.24 |
Source: UMBF SEC Form 4 filings, latest Jun 10, 2026. For informational purposes only — not investment advice.
See the full UMBF insider & 13F page →UMB Financial Corporation company profile
Overview
UMB Financial Corporation (NASDAQ:UMBF) is a Kansas City, Missouri-based bank holding company founded in 1913 that operates through its primary subsidiary, UMB Bank. The company has grown from a regional Midwest bank into a diversified financial services organization serving customers across 16 states through multiple business segments. In January 2025, UMB completed its transformative acquisition of Heartland Financial USA, significantly expanding its geographic footprint and doubling its branch network to over 400 locations across 13 states.
Business
UMB Financial operates as a diversified financial services company through three primary business segments that collectively generate revenue from traditional banking, specialized institutional services, and personal banking products. The Commercial Banking segment represents the company's core lending and treasury management operations, providing commercial loans, credit facilities, commercial real estate financing, and comprehensive business banking solutions. This segment offers treasury management services including cash management tools, accounts payable and receivable solutions, electronic fund transfers, controlled disbursements, lockbox services, and remote deposit capture. Commercial banking also provides asset-based lending, accounts receivable financing, mezzanine debt, and minority equity investments to middle-market businesses. The Institutional Banking segment operates specialized financial services that extend far beyond traditional banking. This segment manages assets under administration exceeding $559 billion and provides fund administration and accounting services to investment companies, investor services, transfer agency operations, and marketing and distribution support. The institutional segment also offers healthcare payment solutions, including custodial services for Health Savings Accounts (HSAs) serving 1.6 million account holders, and provides private-label debit cards to insurance carriers and third-party administrators. Additionally, this segment conducts fixed income sales, trading and underwriting, corporate trust and escrow services, and institutional custody operations. The Personal Banking segment delivers traditional retail banking services including deposit accounts, retail credit cards, private banking, installment loans, home equity lines of credit, residential mortgages, and small business lending. This segment also provides internet banking, ATM network access, brokerage and insurance services, and advisory and trust services for individual customers. Based on recent financial performance, Commercial Banking generates approximately 50-55% of total revenue through net interest income, while Institutional Banking contributes roughly 35-40% through fee-based services, and Personal Banking accounts for the remaining 10-15% of revenue.
Revenue model
UMB Financial generates revenue through a diversified model combining traditional banking income with specialized fee-based services. The company's primary revenue streams include net interest income from lending activities, which accounts for approximately 60-65% of total revenue, and fee income from institutional services, which contributes 35-40% of revenue. Net interest income is generated through the spread between interest earned on loans and securities and interest paid on deposits and borrowings. The company's loan portfolio includes commercial and industrial loans, commercial real estate financing, construction loans, and consumer lending products. UMB's customers include middle-market businesses, real estate developers, institutional clients, and individual consumers across its 16-state footprint. Fee income comes from several specialized business lines. Fund services generate fees through administration and accounting services for investment companies managing $559 billion in assets under administration. Corporate trust services earn fees from escrow, trustee, and fiduciary services. Healthcare services generate revenue from HSA custodial services and payment processing. Treasury management services produce fees from cash management, payment processing, and trade finance services. Private wealth management earns fees through investment advisory and trust services. Several factors influence UMB's profitability margins. Interest rate environments significantly impact net interest margins, with rising rates generally benefiting the company's asset-sensitive balance sheet position. Credit quality affects provision expenses, though UMB has maintained exceptionally low charge-off rates of 10-21 basis points annually. Regulatory changes in banking and investment services can impact both compliance costs and revenue opportunities. Competition from larger national banks and fintech companies pressures both deposit pricing and fee income. Economic conditions affect loan demand, credit quality, and institutional client activity levels. The recent Heartland acquisition is expected to provide operating leverage through cost synergies and expanded market presence, potentially improving efficiency ratios from the current 55-60% range.
Competitive moat
UMB Financial possesses a moderate competitive moat built primarily around specialized institutional services, regional market relationships, and operational scale in niche markets. The company's strongest defensive characteristics center on its institutional banking segment, where UMB has developed specialized expertise in fund administration, corporate trust services, and healthcare payment solutions that require significant regulatory compliance, operational infrastructure, and client relationships that are difficult to replicate quickly. The fund services business managing over $559 billion in assets under administration benefits from high switching costs, as investment companies face substantial operational disruption when changing service providers. Similarly, the corporate trust business involves complex fiduciary relationships and regulatory expertise that create barriers to entry. The HSA business serving 1.6 million accounts benefits from the "stickiness" of healthcare savings accounts, where consumers rarely change providers due to the administrative complexity involved. In traditional banking, UMB's moat is more limited but still meaningful within its geographic markets. The company has built strong commercial relationships across the Midwest and Southwest, particularly in markets like Kansas City, Denver, and Phoenix where it holds significant market share. The recent Heartland acquisition strengthens this regional presence by expanding into complementary markets and doubling the branch network. However, UMB faces meaningful competitive pressures that limit its moat strength. Large national banks possess greater scale advantages and can offer more comprehensive services to institutional clients. Regional banking consolidation continues to create larger competitors with enhanced capabilities. Fintech companies are disrupting traditional banking services, particularly in payments and treasury management. The specialized institutional services, while defensible, operate in markets where larger players like State Street, BNY Mellon, and Northern Trust have significantly greater scale and resources. The company's moat is best characterized as moderate - sufficient to maintain market position and generate consistent returns, but not so strong as to prevent gradual market share erosion or margin pressure over time. Success will depend on continued investment in technology, selective acquisitions like Heartland, and maintaining service quality advantages over larger competitors.
Risks & safety
UMB Financial demonstrates a strong margin of safety with conservative financial metrics and solid operational performance, though the recent acquisition introduces some integration risks. • Liquidity and Solvency: The company maintains strong liquidity with $1.55 billion in cash and short-term investments as of Q1 2025. Debt-to-equity ratio of 9.7% indicates minimal leverage. Current ratio of 4.41 shows strong short-term liquidity position. • Capital Adequacy: Total assets of $69.3 billion supported by $6.7 billion in shareholders' equity. The bank maintains regulatory capital ratios well above required minimums, providing substantial buffer for credit losses or economic downturns. • Credit Quality: Exceptional asset quality with net charge-offs of only 10-21 basis points annually over recent years. Non-performing loans represent just 6 basis points of total loans, indicating strong underwriting standards. • Valuation Metrics: Trading at P/E ratio of 20.2x based on recent earnings, which appears reasonable for a growing regional bank. Price-to-book ratio of 0.97x suggests the stock trades near tangible book value. Return on equity of 12.1% demonstrates solid profitability. • Operational Cash Flow: Generated $363 million in operating cash flow in Q1 2025, demonstrating strong cash generation ability. Free cash flow positive in most recent periods. • Integration Risks: The Heartland acquisition closed in January 2025, creating near-term execution risk and $54.2 million in merger-related charges. However, management projects 40% of cost synergies to be realized in 2025, with full benefits expected by 2026.
Recent development
Over the past several years, UMB Financial has executed a strategic transformation focused on geographic expansion, institutional services growth, and operational efficiency improvements. The most significant development was the January 2025 completion of the Heartland Financial acquisition, which added $14 billion in deposits, doubled the branch network to over 400 locations, and expanded UMB's presence across 13 states. This transaction represents a fundamental shift in scale and geographic diversification for the company. The institutional banking segment has experienced substantial growth, with assets under administration increasing to $559 billion, up 16% year-over-year. Corporate trust assets under administration grew 25% to $48.6 billion, while the private wealth division brought in $1.3 billion in net new assets during 2024. The healthcare services business expanded HSA accounts to 1.6 million, positioning UMB as a significant player in the growing healthcare savings market. Commercial banking has demonstrated consistent loan growth, with production exceeding $1.2 billion in Q1 2025 and average loans increasing 27.8% following the Heartland acquisition. The company has maintained strong credit quality throughout this growth period, with net charge-offs remaining at exceptionally low levels of 10-21 basis points annually. Technology and operational improvements have focused on integration capabilities and customer experience enhancements. The Heartland integration is proceeding on schedule, with cultural and sales integration completed immediately and technical system conversion planned for October 2025. Management expects to achieve targeted cost synergies of approximately 27.5%, with 40% realized in the first year. Strategic priorities going forward include optimizing the expanded branch network, leveraging cross-selling opportunities across the combined customer base, and continuing to invest in specialized institutional services where UMB has developed competitive advantages. The company has also emphasized maintaining its disciplined approach to credit underwriting and relationship-based banking model despite the significant scale increase.
UMBF company profile · for informational purposes only — not investment advice.
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