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, 2021 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 (State or other jurisdic ...

WSFS Financial Corporation 1 4Q 2021 Investor Update January 2022 WSFS bank We Stand For Service Forward Looking Statements & Non-GAAP Forward Looking Statements: This presentation contains estimates, predictions, opinions, projections and other "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to the Company's predictions or expectations of future business or financial performance as well a ...

Financial Data and Key Metrics Changes - In Q4 2021, net income was $78.5 million or $1.61 per share, with pretax, pre-provision income on an FTE basis at $113.4 million or $2.32 per share [13] - Net interest income for Q4 was $210.6 million, relatively flat compared to Q3, with a reported net interest margin (NIM) falling 15 basis points to 2.37% [23][26] - Non-interest income for Q4 was $118.8 million, an increase of $10.9 million from Q3, driven by market fluctuations and increased derivative income [30] Business Line Data and Key Metrics Changes - Fund services total assets under administration grew nearly 25% year-over-year to $419 billion, with custody assets surpassing $150 billion [14] - In Private Wealth, new asset sales increased 17% over the prior year, indicating strong growth in this segment [15] - Average loans for Q4, excluding PPP balances, increased nearly 13% year-over-year and nearly 6% on a linked quarter annualized basis [16] Market Data and Key Metrics Changes - Average C&I loans increased 12% on a linked quarter annualized basis, reflecting strong pipelines and backlogs across most industries [17] - Average residential mortgage balances grew 6.5% from Q3, with a nearly 26% annualized increase [18] - Total top-line loan production reached a record $1.4 billion for the quarter, with payoffs and paydowns at 5.6% of loans [19] Company Strategy and Development Direction - The company aims to generate positive operating leverage in 2022, excluding the impact of PPP, and is focused on prudent investments in people and platforms [12][35] - Management is optimistic about benefiting from anticipated economic expansion and higher interest rates, expecting to capture more than its fair share of growth [9] - The company is positioned to take advantage of market disruptions in fund servicing and private equity, indicating a strong long-term outlook [66] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued loan growth despite challenges from supply chain and labor issues, with clients showing interest in expansion [17] - The company anticipates that net interest margin has bottomed out and will likely improve with expected rate hikes in 2022 [28] - Management highlighted the resilience of the team and the positive trajectory for 2022, despite ongoing pandemic challenges [22] Other Important Information - The company experienced higher operating expenses in Q4 due to increased incentive compensation and charitable contributions, with expectations for these expenses to reset lower in Q1 [10][34] - The effective tax rate was 20.2% for Q4 and 17.7% for the full year 2021, with an anticipated rate of 17% to 19% for 2022 [35] Q&A Session Summary Question: Clarification on margin guidance - Management clarified that the 2.4% margin guidance is for the full year 2022, influenced by various factors [39] Question: Insights on C&I utilization rates - Management noted that utilization rates have fluctuated and are difficult to predict, with historical rates around 30% pre-COVID [40][42] Question: Expectations for deposit stickiness - Management indicated that significant deposit growth was influenced by public funds and institutional dollars, with expectations for some outflows in Q1 [56] Question: Rate sensitivity and NII benefits - Management stated that 55% of total loans are variable, with a potential NII benefit of 1% for a 100 basis point rate increase in the first year [85] Question: Sustainability of fund services growth - Management expressed confidence in the sustainability of fund services growth due to ongoing market disruptions and a shift towards private equity [64][66]

Financial Performance - Total net income for the three months ended September 30, 2021, was $94,467,000, compared to $73,092,000 for the same period in 2020, marking a significant increase of 29.2%[145]. - The company recorded net income of $274.5 million for the nine-month period ended September 30, 2021, a 110.5% increase from $130.2 million in the same period of 2020[231]. - Basic earnings per share for the nine-month period ended September 30, 2021 were $5.69, compared to $2.70 for the same period in 2020, representing a 110.7% increase[231]. - For the three months ended September 30, 2021, net interest income was $209,765,000, an increase from $184,384,000 in the same period of 2020, representing a growth of 13.8%[145]. - Net interest income for the nine-month period ended September 30, 2021 increased by $68.4 million, or 12.7%, compared to the same period in 2020[232]. Loan Portfolio and Credit Quality - Total loans as of September 30, 2021, amounted to $16,469,463 thousand, an increase from $16,103,651 thousand as of December 31, 2020[45]. - Nonaccrual loans with no related allowance for credit losses totaled $91,900 thousand at September 30, 2021, compared to $42,100 thousand at December 31, 2020, representing a 118.5% increase[47]. - Total past due loans amounted to $115,413 thousand as of September 30, 2021, compared to $99,644 thousand at December 31, 2020, reflecting a 15.83% increase[45]. - The company continues to monitor credit quality indicators, including trends in net charge-offs and non-performing loans, to assess the overall health of its loan portfolio[52]. - The company tracks individual borrower credit risk based on their loan to collateral position, with any borrower position where the collateral value is below the loan's fair value considered higher risk[61]. Allowance for Credit Losses - The allowance for credit losses (ACL) at the end of September 30, 2021, was $194,156,000, compared to $200,563,000 at the beginning of the period, reflecting a decrease of approximately 3%[110]. - The ACL for Commercial & Industrial loans is calculated using a probability of default (PD) and loss given default (LGD) method, with primary risk drivers being risk ratings and macroeconomic variables[99]. - The provision for credit losses for the three months ended September 30, 2021, was a reversal of $5,000,000 compared to a provision of $16,000,000 in the same period of 2020, indicating improved credit quality[145]. - The ACL for Consumer real estate and Consumer segments is measured using an origination vintage loss rate method, focusing on the year of origination and macroeconomic factors like unemployment[102]. - The allowance for credit losses (ACL) increased to $214,494 million as of September 30, 2021, from $203,605 million at the beginning of the period, reflecting a provision of $16,000 million[112]. Securities and Investments - Securities available for sale had a fair value of $11.163 billion as of September 30, 2021, up from $9.300 billion at December 31, 2020[119]. - The mortgage-backed securities portfolio was valued at $7.370 billion with unrealized losses of $66.164 million as of September 30, 2021[119]. - The company had no Allowance for Credit Losses (ACL) related to available-for-sale securities as of September 30, 2021, indicating no credit issues[125]. - The total amount of other securities decreased from $296,053 thousand as of December 31, 2020, to $274,645 thousand as of September 30, 2021[135]. - The total accrued interest on securities available for sale totaled $35.8 million as of September 30, 2021, down from $42.6 million at December 31, 2020[122]. Economic Conditions and Market Impact - The Company expects continued volatility in economic markets due to the COVID-19 pandemic, which may impact its balance sheet and income statement[227]. - The company emphasizes the importance of economic conditions on the performance of commercial real estate loans, particularly for non-owner-occupied properties[66]. - The company continues to assess the impact of economic cycles on loan performance, particularly for longer-term loans[75]. - The Company has a dynamic reasonable and supportable forecast period for credit losses that currently stands at one year due to economic conditions[97]. - The company reported a beginning balance of ACL of $218,583 million for the nine months ended September 30, 2020, indicating a significant increase in credit loss provisions compared to previous periods[113]. Shareholder Equity and Capital Management - Total shareholders' equity reached $3.1 billion as of September 30, 2021, an increase of $258.7 million, or 9.1%, from the previous year[229]. - The total risk-based capital ratio was 14.17% as of September 30, 2021, positively impacted by a $200 million subordinated note issuance in Q3 2020[229]. - The Company repurchased 2,035 shares of common stock at an average price of $88.76 per share during Q3 2021[229]. - Average assets for the three months ended September 30, 2021, were $35,873,000,000, compared to $29,481,000,000 in the same period of 2020, representing an increase of 21.7%[145]. - The Company aims to improve operating efficiencies and has identified ongoing efficiencies that will contribute to improved operating leverage[225].

Financial Data and Key Metrics Changes - For Q3 2021, net income was $94.5 million or $1.94 per share, with pretax pre-provision income on an FTE basis at $115.3 million or $2.37 per share [10] - Net interest income increased by 4.3% from the previous quarter, driven by strong earning asset growth and controlled liability costs [11] - Net interest margin decreased to 2.52% from 2.56% in the prior quarter, influenced by elevated liquidity levels and re-pricing [11][28] - Non-interest income for the third quarter was $107.9 million, down $23.7 million from the last quarter, primarily due to market-related adjustments [34] Business Line Data and Key Metrics Changes - Average loan growth was 15.3% on a linked-quarter annualized basis, excluding PPP balances [8] - Average mortgage balances increased by 7.4% from the second quarter to $1.8 billion, with funded mortgage loans for the quarter at $236 million [15] - Fund services income and bank card fees increased by 8.5% and 7.1% respectively, while trading and investment banking income fell due to lower trading volumes [12] Market Data and Key Metrics Changes - The company reported strong loan growth driven by pricing and customer demand, despite supply chain dynamics and rising material costs affecting businesses [9] - The hotel and senior living portfolios stood at a combined $885 million, representing 5.5% of loans excluding PPP, with $419 million under closer monitoring [17] Company Strategy and Development Direction - The company aims to support strong organic growth while also looking for strategic acquisition opportunities, recently announcing a single branch acquisition in the Kansas City market [21] - The formal launch of the Family Wealth offering focuses on providing entrepreneurial investment strategies and sophisticated tax planning for wealthy families [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the loan growth outlook, anticipating strong pipelines despite potential payoffs and paydowns [42] - The company expects charge-offs to remain within historical levels of 25 to 30 basis points for the full year of 2021 [49] - Management noted that while wage inflation is present, voluntary turnover rates remain stable, indicating a strong company culture [74] Other Important Information - The company reported an improvement in total capital ratios, with total capital at 14.17% compared to 13.84% in the previous quarter [20] - The tangible book value per share increased nearly 10% over the past 12 months to $60.44 at September 30 [36] Q&A Session Summary Question: Loan growth outlook and impact of PPP - Management expects strong loan growth to continue, with unknown payoffs and paydowns impacting the outlook [42] Question: Lending relationships with PE firms - The company participates in M&A driven PE lending, focusing on acquisition debt [43] Question: Loan yields and competitive environment - Management indicated that the competitive environment remains aggressive, with loan yields near the bottom [44][46] Question: Fee income growth expectations - Fee income growth is anticipated to remain in the low to mid-single digit range, with strong growth in fund services and corporate trust areas [57] Question: Operational losses in the third quarter - Operational losses are typical business operating losses and not regulatory in nature [65] Question: Deposit growth sustainability - Management believes that a significant portion of deposit growth is sustainable due to the complexity of their business lines [70] Question: Wage inflation and employee retention - Management acknowledged wage inflation but noted that voluntary turnover rates have remained stable [74]

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 June 30, 2021 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 | | --- | --- | | ...

| --- | --- | --- | |-----------------|--------------|-------| | | | | | 2nd | Quarter 2021 | | | Kansas City, MO | | | Presentation Index | --- | --- | |---------------------------------------|-------| | Corporate Overview | 3 | | Opportunity – Our Investment Thesis | 8 | | 2nd Quarter 2021 Results | 17 | | Line of Business Updates | 32 | | Appendix | 42 | | Board of Directors | | | Forward-Looking Statements | | | Non-GAAP Reconciliations | | | Peer Group | | Please refer to the Forward-Looking Statements ...

Financial Data and Key Metrics Changes - Net income for Q2 2021 was $87.4 million, or $1.79 per share, with a pretax preprovision income of $138 million, or $2.83 per share [14] - Net interest income increased by 3.6% from the first quarter and 12.8% year-over-year, despite a 31 basis point decline in earning asset yields [15][31] - Fee income for the quarter rose by 21% on a linked-quarter basis, significantly impacted by a $7.2 million gain from Tattooed Chef investments [16][36] - The provision expense was higher due to strong loan growth and elevated charge-offs, primarily from one commercial factoring relationship [9] Business Line Data and Key Metrics Changes - Average loan growth was 19% on a linked-quarter annualized basis, excluding PPP balances [8] - Institutional banking contributed more than half of the fee income, with Corporate Trust and Specialty Trust teams experiencing growth of 68% and 109% respectively [19] - Fund services assets under administration increased to $379 billion from $286 billion year-over-year, with a 30% increase in fee income contribution [20] Market Data and Key Metrics Changes - The average residential mortgage balances increased by 6.2% from the first quarter to $1.7 billion, with funded mortgage loans increasing by 33% to $276 million [24] - Commercial line utilization slightly increased to 32%, with growth in C&I coming from various industries [23] - The company has seen a resurgence in aviation financing activity, particularly benefiting from its location in Dublin [20] Company Strategy and Development Direction - The company aims to grow shareholder value through organic growth and opportunistic acquisitions, with a focus on maintaining a strong capital position [29] - The Board approved a 15.6% increase in the quarterly dividend, reflecting a commitment to returning value to shareholders [29] - The company is actively seeking M&A opportunities that align with its culture and add value, while also focusing on loan growth in under-penetrated markets [70] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism regarding the economic recovery and its impact on loan growth, citing significant liquidity and stimulus in the market [62] - The company expects charge-offs to return to historical levels of about 25 to 30 basis points for the full year of 2021 [11] - Management noted that the transition back to office work is underway, which is expected to enhance productivity and customer engagement [12] Other Important Information - The effective tax rate for the first half of the year was 17%, with an anticipated range of 16% to 18% for the full year [40] - The company maintains strong capital ratios, with a total risk-based capital of 13.84% and a CET1 ratio of 11.91% [40] Q&A Session Summary Question: Details on the factoring loss - Management clarified that the loss was tied to a specific commercial factoring relationship and emphasized the overall strong performance of the loan portfolio [46][48] Question: Expectations for AUA growth - Management indicated that new business pipelines remain strong, but asset values are harder to predict due to market conditions [55] Question: Drivers for C&I growth and line utilization - Management attributed loan growth to a recovering economy and significant liquidity, with new business from new customers driving C&I growth [62][64] Question: Capital deployment priorities - Management expressed a desire to deploy capital for growth and pursue M&A opportunities, while also increasing the dividend as a catch-up measure [68][69] Question: Fee income performance - Management noted strong performance across all asset-based businesses, with significant business development and new client activity contributing to fee income growth [78][80]

Financial Data and Key Metrics Changes - Net income for Q1 2021 was $92.6 million, or $1.91 per share, with pretax pre-provision income on an FTE basis at $108.7 million, or $2.24 per share [9][31] - Year-over-year, net interest income increased by 11.6%, despite a challenging interest rate environment [12] - Noninterest income for the quarter was $108.9 million, impacted by a $16.1 million pretax loss on the valuation of Tattooed Chef investment [37] Business Line Data and Key Metrics Changes - Trust and Securities Processing income increased by 8% from the previous quarter and nearly 17% year-over-year, with assets under administration in fund services rising to $345 billion from $252 billion a year ago [14] - Specialty Corporate Trust launched internationally, opening an office in Dublin, enhancing growth potential in the aviation trust business [15] - The Investor Solutions team added 4 fintech relationships in 2020 and is seeing traction from recent investments in private wealth services [17] Market Data and Key Metrics Changes - Average loan-to-deposit ratio was 61% for the quarter, with average balances of core deposits increasing by 7.5% on a linked-quarter basis and 28.8% year-over-year [23][24] - Modified loan balances declined to just $14 million, under 0.5% of loans, indicating strong credit quality [27] - The company experienced an 8.4% linked-quarter annualized increase in average loan balances, excluding PPP [20] Company Strategy and Development Direction - The company is focused on growing market share in unpenetrated markets and verticals, with a robust pipeline in both C&I and CRE [22][72] - There is an active M&A process, with ongoing conversations with other banks, seeking quality deals rather than pursuing transactions for the sake of it [61][104] - The company is also exploring partnerships in fintech, offering banking as a service products to enhance fee income [63] Management's Comments on Operating Environment and Future Outlook - Management noted that consumer sentiment is returning to normalized levels, with debit and credit card spending returning to pre-pandemic levels [8] - The company anticipates continued strong momentum and market opportunities, despite uncertainties related to COVID trends [22] - There is cautious optimism regarding the potential for increased spending related to the proposed infrastructure bill [16] Other Important Information - The total allowance for credit losses on loans stands at $202.8 million, with an allowance to loan coverage of 1.23% [28] - The company maintains strong capital ratios, with total risk-based capital at 14.28% and CET1 ratio at 12.25% [39] - The wealth management business had a strong quarter, with new business and the launch of a family office business [106] Q&A Session Summary Question: Clarification on net interest income guidance for Q2 - Management confirmed modest pressure on GAAP margin for Q2, with confidence in net interest income growth due to loan growth and securities portfolio deployment [41][50] Question: Loan production levels and expectations for growth - Management indicated that recent loan production declines are primarily timing-related, with expectations for strong growth as the economy normalizes [58][72] Question: Capital deployment and M&A outlook - Management is actively pursuing M&A opportunities but is focused on quality deals rather than rushing into transactions [61][104] Question: Sustainability of institutional fee income growth - Management expressed confidence in the sustainability of growth in fund services and corporate trust, driven by increased activity in private investing [90][92]

Commission file number 001-38481 UMB FINANCIAL CORPORATION 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, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to (Exact name of registrant as specified in its charter) | Missouri | 43-0903811 | | --- | --- | | ...