UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2022 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 | | --- | --- | | (S ...

Financial Data and Key Metrics Changes - Net income for Q4 2022 was $100.2 million or $2.06 per share, with full-year net income of $431.7 million or $8.86 per share, representing a 22.3% increase compared to 2021 [4] - Operating pre-tax, pre-provision EPS for the year was $11.73 per share, up from $9.26 per share in the prior year [5] - Net interest income for Q4 increased by 5% sequentially, driven by over $1 billion increase in average loans, a 21% annualized increase [5][6] Business Line Data and Key Metrics Changes - Total loan production for Q4 was $1.3 billion, bringing full-year 2022 originations to a record $5 billion [7] - C&I lending contributed nearly half of the average loan growth for the quarter, with balances increasing 21% on a linked quarter annualized basis [8] - Average residential mortgage balances increased 21% year-over-year despite rising rates [9] Market Data and Key Metrics Changes - Average total deposits for Q4 increased by 5.3% or 21% on an annualized basis compared to Q3 [10] - DDA balances represented 40% of average deposits, down from 42% in Q3 [10] - Non-performing assets comprised a modest 5 basis points of total assets, indicating strong credit quality [9] Company Strategy and Development Direction - The company aims to maintain positive operating leverage and expects to generate leverage of 6.7% for the full year of 2022 [7] - Focus on commercial and institutional customers, with a unique funding mix that allows for different pacing in the current repricing environment [5][6] - The company is optimistic about growth opportunities in 2023, despite the unpredictability of the current rate environment [11] Management's Comments on Operating Environment and Future Outlook - Management noted that customers are cautiously optimistic about the economic environment, with strong pipelines for the first quarter [22] - The company does not anticipate significant changes in the need for HSAs following the recent acquisition, maintaining a competitive position in the market [23][24] - Management expects net interest income to continue growing, driven by loan growth and market share gains [34] Other Important Information - The effective tax rate was 19.1% for Q4 and 18.9% for the full year, with expectations for 2023 to be around 19% to 20% [18] - Total fee income for Q4 was $125.5 million, a slight decrease from $128.7 million in Q3, with a full-year increase of 18.6% in fee income [15][16] Q&A Session Summary Question: Thoughts on tightening credit in a recessionary environment - Management stated they do not change their approach based on economic conditions and focus on quality opportunities [21] Question: Outlook for HSA acquisition and competitive positioning - Management expressed confidence in their competitive platform and strong pipeline following the HSA acquisition [23][24] Question: Insights on balance sheet and deposit runoff - Management clarified they expect rotation rather than runoff in deposits, with a strong pipeline for growth [28][29] Question: Expectations for margin trajectory and loan growth - Management anticipates continued net interest income growth and stable margins, driven by market share gains [34] Question: Trends in charge-offs and credit quality - Management expects to maintain performance levels without significant changes in charge-off guidance [42]

| --- | --- | --- | |-----------------|----------------------------|------------------| | | | | | | 4 th Quarter 2022 Update | | | Kansas City, MO | | January 24, 2023 | Presentation Index Corporate Overview 3 Opportunity – Our Investment Thesis 8 4th Quarter 2022 Results 16 Line of Business Updates 30 Appendix 40 Board of Directors Forward-Looking Statements Non-GAAP Reconciliations Peer Group Please refer to the Forward-Looking Statements on slide 42 for important disclosures about information contained i ...

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 September 30, 2022 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 | | --- | --- ...

UMB Financial Corporation (NASDAQ:UMBF) Q3 2022 Earnings Conference Call October 26, 2022 9:30 AM ET Company Participants Kay Gregory – UMB Investor Relations Mariner Kemper – President and Chief Executive Officer Ram Shankar – Chief Financial Officer Conference Call Participants Jared Shaw – Wells Fargo Chris McGratty – KBW Nathan Race – Piper Sandler John Rodis – Janney David Long – Raymond James Operator Good morning. Thank you for attending today’s UMB Financial Third Quarter 2022 Results Conference Cal ...

Kansas City, MO 3rd Quarter 2022 Update October 25, 2022 Presentation Index | --- | --- | |----------------------------------------|-------| | Corporate Overview | 3 | | Opportunity – Our Investment Thesis | 8 | | 3 rd Quarter 2022 Results | 17 | | Line of Business Updates | 31 | | Appendix | 41 | | Board of Directors | | | Forward-Looking Statements | | | Non-GAAP Reconciliations | | | Peer Group | | Please refer to the Forward-Looking Statements on slide 43 for important disclosures about information cont ...

Financial Data and Key Metrics Changes - Net income for the quarter was $137.6 million or $2.83 per share, with operating pre-tax pre-provision income at $187.1 million or $3.84 per share [7] - There was a 23% linked quarter annualized increase in average loans and a 6.9% linked quarter increase in net interest income [6][17] - Net interest margin expanded by 25 basis points from the prior quarter, driven by asset repricing and favorable mix shift in earning assets [13][19] Business Line Data and Key Metrics Changes - Private wealth brought in nearly $750 million in new assets year-to-date, significantly outpacing 2021 full-year sales of $836 million [8] - Loan production was strong at $1.3 billion for the quarter, with phenomenal growth in commercial and industrial (C&I) loans, increasing nearly 30% on a linked-quarter annualized basis [10] - Average residential mortgage balances increased 27% over the second quarter of last year, with strong activity in the down payment assistance program [11] Market Data and Key Metrics Changes - Average total deposits for the quarter decreased 3% or 12.2% on an annualized basis compared to the first quarter, while average demand deposit account (DDA) balances increased slightly [12] - The total cost of deposits increased to 20 basis points, up from 8 basis points last quarter [18] - Non-performing loans declined 84% from the prior quarter to 10 basis points of total loans, indicating strong portfolio performance [15] Company Strategy and Development Direction - The company announced the acquisition of Old National Bancorp's HSA business, which will complement organic growth efforts [9] - The focus remains on managing net interest spread and margin while funding organic loan growth [21] - The company is strategically reclassifying securities to the held-to-maturity portfolio to manage tangible capital and reduce the impact of rising rates on equity [23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong loan growth, with expectations for above-average growth in the third quarter [44][56] - The management noted that while there are macroeconomic uncertainties, they expect to return to historical charge-off levels of 27 to 30 basis points [36][44] - The company anticipates stable to slightly growing deposit levels, supported by the ability to bring on off-balance sheet deposits [47] Other Important Information - The company made a one-time contribution of $5 million to its charitable foundation, included in other expenses [7] - The effective tax rate for the second quarter was 20.8%, with an anticipated full-year rate between 19% and 21% [26] Q&A Session Summary Question: How is the company thinking about funding continued strong loan growth? - Management indicated that they can bring on off-balance sheet deposits and are not worried about deposit levels, focusing on managing spread and margin expansion [32] Question: Can you provide details on the $27.7 million charge-off? - The charge-off was related to a single commercial credit in bankruptcy, and management expects to return to historical charge-off levels [36][44] Question: What are the expectations for operating expenses in the back half of 2022? - Management provided a run rate of $217 million to $218 million for operating expenses, factoring in various adjustments [40] Question: How does the company view loan growth in the back half of 2022? - Management expects favorable loan growth across all categories and regions, with no significant downturn anticipated [54][56] Question: What is the outlook for brokerage fees moving forward? - Management noted that brokerage fees could see modest increases depending on off-balance sheet deposits and market conditions [62]

(MARK ONE) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR 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 | | --- | --- | | ...

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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, 2022 OR 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 | | --- | --- | ...

Financial Data and Key Metrics Changes - The company reported net income of $106 million or $2.17 per share for Q1 2022, with pretax pre-provision income on an FTE basis at $125.7 million or $2.57 per share [6] - Net interest income was relatively flat at $210.4 million compared to the previous quarter, impacted by a reduction in PPP income and fewer days in the quarter [19][22] - Non-interest income totaled $123.7 million, an increase of 4.1% compared to the fourth quarter [6][28] - Total non-interest expense decreased by 3.5% on a linked-quarter basis [9][29] Business Line Data and Key Metrics Changes - Average loans excluding PPP balances increased by 15.6% year-over-year and more than 19% on a linked-quarter annualized basis [10] - Commercial and Industrial (C&I) balances grew by 35% on a linked-quarter annualized basis [10] - Average residential mortgage balances grew by 4.4% from the fourth quarter [11] - Non-interest expense trends showed a decrease driven by reductions in variable costs such as incentive compensation [29] Market Data and Key Metrics Changes - Average deposit balances increased nearly 12% on a linked-quarter annualized basis [15] - The average loan-to-deposit ratio remained low at just 53% for the first quarter, providing flexibility in a rising rate environment [15][82] Company Strategy and Development Direction - The company aims to leverage its strong loan growth and maintain a focus on regulatory capital ratios, which remain strong [27] - The strategy includes opportunistic M&A and maintaining a quarterly dividend of $0.37 per share [16][104] - The company is positioned well in the fund services and corporate trust sectors, anticipating growth driven by private equity and government spending [52][55] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the loan pipeline for the second quarter, expecting stronger gross loan production than in the first quarter [12][45] - Concerns were raised about the economic environment and potential recession, with a desire to maintain reserves around current levels [96][98] - The company is monitoring deposit betas closely in a rising rate environment, with historical averages around 50% [34][41] Other Important Information - The company transferred securities with a fair value of $2.9 billion from the AFS to HTM book to manage tangible capital [25] - The effective tax rate for the first quarter was 15.7%, with an anticipated range of 17% to 19% for the full year [29] Q&A Session Summary Question: Funding outlook in a rising rate environment - Management indicated flexibility in funding growth due to a low loan-to-deposit ratio and cash flow from securities [33] Question: Deposit betas in a rising rate environment - Management noted that deposit betas will depend on actions taken by larger banks and historical averages suggest a beta around 50% [34][41] Question: Growth in the C&I sector - Management highlighted strong utilization across various industries, particularly in energy and agribusiness [39][88] Question: Concerns about deposit base stability - Management acknowledged the uncertainty regarding excess liquidity and the potential for disintermediation from DDAs to other deposit types [80][82] Question: Trajectory of reserves and charge-offs - Management expressed a desire to maintain reserves around current levels, with concerns about the economic outlook impacting future charge-offs [96][98] Question: Capital deployment and buyback appetite - Management emphasized investing in business growth first, followed by M&A opportunities, and opportunistic buybacks as a last resort [103][105]