UMB Financial (UMBF) reported $412.72 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 14%. EPS of $2.25 for the same period compares to $2.02 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $398.83 million, representing a surprise of +3.48%. The company delivered an EPS surprise of +4.17%, with the consensus EPS estimate being $2.16.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...

UMB Financial (UMBF) came out with quarterly earnings of $2.25 per share, beating the Zacks Consensus Estimate of $2.16 per share. This compares to earnings of $2.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 4.17%. A quarter ago, it was expected that this bank holding company would post earnings of $1.96 per share when it actually produced earnings of $2.16, delivering a surprise of 10.20%. Over the last four quarters, ...

Exhibit 99.1 UMB Financial Corporation News Release 1010 Grand Boulevard Kansas City, MO 64106 816.860.7000 umb.com //FOR IMMEDIATE RELEASE// Media Contact: Stephanie Hague: 816.729.1027 Investor Relations Contact: Kay Gregory: 816.860.7106 UMB Financial Corporation Reports Third Quarter Net Income of $109.6 Million and Net Operating Income (i) of $110.4 Million. Third Quarter 2024 Financial Highlights • GAAP net income of $109.6 million, or $2.23 per diluted share. • Net operating income (i) of $110.4 mill ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...

UMB Financial Corporation (UMBF) shares touched a 52-week high of $106.54 on Monday. The stock closed the session a little lower at $105.8, gaining 30.5% in the past three months. The stock has outperformed the industry and its peers like Commerce Bancshares, Inc. (CBSH) and 1st Source Corporation (SRCE) in the same time frame. Image Source: Zacks Investment Research Three-Month Price Performance Chart Factors Leading to UMBF Stock's New 52-Week High A major factor for this upward movement of UMBF stock can ...

A month has gone by since the last earnings report for UMB Financial (UMBF) . Shares have added about 0.4% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is UMB due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. UMB Financial Q2 Earnings Top Estimates UMB Financial's ...

UMB Financial Corporation (UMBF) is gaining from balance-sheet strength on the back of increasing loan and deposit balances. Also, steady capital distributions are backed by a decent liquidity position. However, intense competition, along with elevated expenses, are major headwinds. UMB Financial has a healthy balance sheet position. The company witnessed impressive net loan growth in the last three years (2020-2023), with compounded annual growth rate (CAGR) of 13%. Also, deposits saw a CAGR of 9.8% in the ...

stocknshares Shares of UMB Financial (NASDAQ:UMBF) rallied about 3% on Wednesday after the company reported strong Q2 results. These gains added to an impressive year with the stock up 47%. I last covered UMB in April, rating shares a "buy." Since that recommendation, UMBF is up 30%, far ahead of the market's 10% gain. With shares now above my $100 price target and with new financial data, now is a good time to revisit UMB. 5D 1M 10Y MAX Basic 1D Advanced 8 BO Nov 2023 May 2024 Jan 2024 Mar 2024 Seeking Alp ...

Financial Data and Key Metrics - GAAP earnings of $101.3 million or $2.07 per share, with operating earnings of $105.9 million or $2.16 per share [4] - Net interest income increased by $5.7 million or 2.4% to $245.1 million, driven by loan growth and higher liquidity [9] - Net interest margin increased by 3 basis points to 2.51%, outperforming expectations due to stronger-than-expected DDA balances [9] - Average loan balances grew by 7.7% linked-quarter annualized, with top-line loan production of $926 million [4] - Average total deposits grew by $815 million or 9.7% on a linked-quarter annualized basis [6] - Non-interest income was $144.9 million, a 9% linked-quarter reduction due to non-recurring items in the prior quarter [13] - Non-interest expense of $249.1 million included $9.6 million in pre-tax acquisition expenses [13] Business Line Data and Key Metrics - Commercial real estate and construction loans led the 7.7% linked-quarter annualized increase in average loan balances [4] - Average card balances increased by 26.1%, driven by the full quarter impact of the co-brand card portfolio acquired in March [4] - Fund Services' assets under administration grew to $460 billion, a 20% increase from June 30, 2023 [13] - Private Wealth teams brought in $781 million in net new assets year-to-date, ahead of full-year 2023 levels [13] - Credit and debit card spending reached $4.7 billion in Q2, up from $4 billion a year ago [13] Market Data and Key Metrics - Non-performing loans fell to six basis points of total loans, with net charge-offs at five basis points of average loans [5] - The coverage ratio increased by three basis points to 0.99% of total loans [6] - Average client deposits, excluding brokered CDs, increased by $1.3 billion from the last quarter [7] - Since Q2 2023, deposits excluding brokered CDs have increased by $4.2 billion or 14% [7] Company Strategy and Industry Competition - The pending acquisition of Heartland Financial is expected to accelerate growth, diversify, and derisk the business model [8] - The integration team is focused on ensuring a seamless transition without disrupting business activities [7] - The company expects to benefit from interest rate cuts in year one, with neutral implications for year two [11] - The acquisition is seen as a strategic, financial, and cultural fit, with opportunities for growth in 2025 and beyond [8] Management Commentary on Operating Environment and Future Outlook - Management believes the company is at the bottom of the rotation cycle for DDA balances, with most rotation already completed [18] - The company expects net interest margin to remain relatively stable in Q3, even with a potential Fed rate cut in September [10] - Management is optimistic about the strong pipeline for Q3, with growth expected across all segments [36] - The company remains focused on revenue growth and operating leverage, with opportunities in the institutional and C&I sectors [32] Other Important Information - The company's common equity Tier 1 capital increased to 11.14%, with tangible book value per share growing by 15.3% over the past year [12] - The effective tax rate for Q2 was 20.1%, compared to 18.1% in Q2 2023, with a full-year 2024 tax rate expected between 17% and 19% [14] - The company has $1.4 billion of securities with a yield of 2.54% rolling off over the next 12 months, which will be reinvested at higher yields [11] Q&A Session Summary Question: Pending acquisition and potential restructuring - The company does not expect any asset-side restructuring on the investment portfolio, with excess liquidity likely to be reduced [16][17] Question: DDA balance trajectory - Management believes the company is at the bottom of the rotation cycle for DDA balances, with most rotation already completed [18][19] Question: Asset quality and CECL model changes - Criticized and classified loans were flat quarter-over-quarter, with no changes to baseline assumptions in the CECL model [23][24] Question: Pro forma margins post-acquisition - It is too early to provide a pro forma look at margins due to purchase accounting adjustments and deposit betas [29][30] Question: Loan growth expectations - The company expects a strong Q3 pipeline, with growth across all segments, particularly in commercial real estate [35][36] Question: Institutional fee income opportunities - The company sees strong momentum in AI Alternative Investments, Corporate Trust, and Wealth Management, with continued growth expected [40][41][42] Question: Expense savings post-acquisition - The company expects 40% of the $27.5 million cost savings in 2025, with the remainder in 2026 and beyond [45] Question: Bank card fees outlook - Bank card fees are expected to remain at the new level of $21 million to $22 million per quarter, driven by organic and inorganic growth [49][50] Question: Bond book repricing impact on margin - Late-quarter bond purchases were for collateral needs and are not expected to provide a tailwind for Q3 margins [53] Question: Heartland acquisition consolidation - The acquisition is seen as an opportunity to leverage the work Heartland has already done in consolidating systems, with minimal near-term risk [54][55]

| --- | --- | --- | |-------|--------------|-------| | | | | | | Quarter 2024 | | | | | | Presentation Index Corporate Overview 3 Acquisition Update 7 Our Investment Thesis 10 2nd Quarter 2024 Results 19 Line of Business Updates 35 Appendix 46 Board of Directors Forward-Looking Statements Peer Group Non-GAAP Reconciliations Please refer to the Forward-Looking Statements on slides 48-51 for important disclosures about information contained in this presentation. 2 Corporate Overview | --- | --- | --- | --- | ...