For the quarter ended June 2024, UMB Financial (UMBF) reported revenue of $396.43 million, up 7.1% over the same period last year. EPS came in at $2.16, compared to $1.93 in the year-ago quarter. The reported revenue represents a surprise of +3.15% over the Zacks Consensus Estimate of $384.33 million. With the consensus EPS estimate being $1.96, the EPS surprise was +10.20%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Company Performance - UMB Financial (UMBF) reported quarterly earnings of $2.16 per share, exceeding the Zacks Consensus Estimate of $1.96 per share, and up from $1.93 per share a year ago [3] - The company achieved revenues of $396.43 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.15%, compared to $370.27 million in the same quarter last year [7] - UMB has surpassed consensus EPS estimates four times over the last four quarters [1] Stock Performance - UMB shares have increased approximately 17.3% since the beginning of the year, outperforming the S&P 500's gain of 14.5% [4] - The current status of estimate revisions for UMB is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [5] Industry Outlook - The Zacks Industry Rank for Banks - Midwest is currently in the top 26% of over 250 Zacks industries, suggesting a favorable outlook for the industry [2] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked using tools like the Zacks Rank [11] Future Expectations - The current consensus EPS estimate for the upcoming quarter is $1.99 on revenues of $388.17 million, and for the current fiscal year, it is $8.04 on revenues of $1.56 billion [14]

UMB Financial Corporation News Release 1010 Grand Boulevard Kansas City, MO 64106 816.860.7000 umb.com • GAAP net income of $101.3 million, or $2.07 per diluted share. • Net operating income (i) of $105.9 million, or $2.16 per diluted share. • Average loans increased 7.7% on a linked-quarter, annualized basis, to $23.8 billion. • Average loans increased $1.6 billion, or 7.3%, as compared to the second quarter of 2023. • Average deposits increased 9.7% on a linked-quarter, annualized basis, to $34.3 billion. ...

Kuehn Law is investigating whether the Boards of the below companies 1) acted to maximize shareholder value, 2) failed to disclose material information, and 3) conducted a fair process: Alimera Sciences, Inc. has agreed to sell to ANI Pharmaceuticals, Inc. for $5.50 per share in cash at closing, plus a non-tradable contingent value right for up to $0.50 per share if specific net revenue targets are met in 2026 and 2027. BEST, Inc. has entered into a definitive agreement to merge with BEST Global Partners an ...

The Zacks Consensus Estimate for UMB Financial's 2024 and 2025 earnings have been revised upward by 14.4% and 16.3%, respectively, over the past 60 days, indicating that analysts are optimistic regarding its earnings growth potential. UMBF currently sports a Zacks Rank #1 (Strong Buy). Image Source: Zacks Investment Research Revenue Growth: UMB Financial has been witnessing steady revenue growth. The company's revenues witnessed a compound annual growth rate (CAGR) of 7.6% in the last five years (2018-2023) ...

A month has gone by since the last earnings report for UMB Financial (UMBF) . Shares have added about 1.2% 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 catalysts. UMB Financial Q1 Earnings & Revenues Top Estimates UMB ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38481 UMB FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) | Missouri | | 43-0903811 | | --- | --- | ...

To the extent holdings of HTLF common stock by the directors and executive officers of HTLF have changed from the amounts of HTLF common stock held by such persons as reflected therein, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Free copies of these documents may be obtained as described above. 26 | --- | --- | --- | --- | |-------|--------------------------------------------------|-------|---------------------| | | | | | | | | | UMB Acquis ...

Financial Data and Key Metrics Changes - The company reported GAAP earnings of $110.3 million or $2.25 per share, with operating EPS of $2.47 per share, representing a 7.7% increase compared to Q4 2023 [41] - Average loan balances increased by 4.2% annualized, driven by construction draws and commercial and industrial (C&I) loans [41] - Net interest margin increased by 2 basis points to 2.48%, with expectations of modest pressure on net interest margin in the second quarter due to higher cost institutional client deposits [31][32] Business Line Data and Key Metrics Changes - Card purchase volumes increased by 12% year-over-year to a record $4.6 billion, contributing to interchange income [43] - Fee income rose by $19 million from the previous quarter to $159 million, benefiting from an 18% increase in bank card fees and a $3 million increase in trust and securities processing income [62] Market Data and Key Metrics Changes - The company anticipates strong core earnings power with approximately $700 million in net income based on 2025 estimates, with a loan-to-deposit ratio of 67% [52] - The transaction will expand the company's footprint to 13 states, gaining top 10 market share in five states [53] Company Strategy and Development Direction - The acquisition of Heartland Financial is expected to accelerate growth strategy, diversify, and derisk the business model [40] - The company aims to leverage Heartland's strong deposit franchise and enhance its retail banking presence, nearly doubling its retail footprint [66] - The focus is on generating revenue synergies through cross-selling opportunities and enhancing fee income [55][74] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the transaction's potential to unlock value and enhance shareholder returns, with a strong emphasis on maintaining a conservative credit culture [65][66] - The company is optimistic about the combined entity's ability to generate significant capital and return to a CET1 ratio of 11.1% within 18 months post-transaction [90] Other Important Information - The transaction is an all-stock deal valued at approximately $2 billion, with an exchange ratio of 0.55 UMBF shares for every HTLF share [51] - The company expects to close the transaction in the first quarter of 2025, subject to regulatory and shareholder approvals [70] Q&A Session Summary Question: What are the expected cost savings from the transaction? - Management indicated expected cost savings of 27.5% of Heartland's non-interest expense, with 40% to be recognized in 2025 [57] Question: How will the deal affect balance sheet growth? - Management expects the combined balance sheet to provide ample capacity for growth, leveraging a strong deposit base [96] Question: What is the expected impact on net interest margin? - Management anticipates modest downward pressure on net interest margin due to seasonal factors and higher cost deposits [133]

Exhibit 99.1 UMB Financial Corporation 1010 Grand Boulevard Kansas City, MO 64106 816.860.7000 umb.com "Our performance validates the perspective I shared earlier this year that the dramatized and highly exaggerated regional bank crisis from a year ago— and similar frenzy over idiosyncratic commercial real estate headlines earlier this year—do not apply to the whole regional banking industry, which remains on strong footing. As students of history, we believe in gravity and that what goes up will eventually ...