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 | | --- | --- ...

Financial Data and Key Metrics Changes - Net income for Q3 2022 was $88 million or $1.81 per share, with operating pre-tax, pre-provision income at $131.2 million or $2.70 per share [7] - Net interest income increased by 3.9% sequentially, driven by nearly $1 billion increase in average loans and rising rates [7][8] - Average total deposits decreased by 5.7% compared to the previous quarter, but DDA balances increased by 8.7% year-over-year [20][21] Business Line Data and Key Metrics Changes - Private wealth sales reached $874 million year-to-date, surpassing full year 2021 sales [12] - New business volumes increased by 16% in corporate trust and escrow services and 35% in specialty trust and public finance [13] - Fund services and institutional custody assets under administration decreased to $352 billion due to equity market valuations, but over 200 new custody accounts were added year-to-date [13] Market Data and Key Metrics Changes - The company ranks among the top 10 HSA providers in the U.S. and expects to close the acquisition of Old National Bancorp's HSA business, adding $400 million in deposits [14] - Commercial real estate and construction loans posted 20% annualized growth in Q3 [16] - Average residential mortgage balances increased by 23% year-over-year despite rising rates [18] Company Strategy and Development Direction - The company aims to generate positive operating leverage and continues to focus on deposit gathering and client acquisition [11][22] - The management is optimistic about growth opportunities in various verticals and expects continued strong growth in Q4 [20][31] - The company is actively pursuing acquisitions to enhance its franchise [88] Management's Comments on Operating Environment and Future Outlook - Management noted economic uncertainty due to unprecedented Fed tightening, inflation, and geopolitical conflicts, but borrowers remain cautiously optimistic [28][29] - The company expects to experience a short recessionary environment but believes it will not be as destructive as previous cycles [30] - Management anticipates strong loan growth in Q4, with a focus on maintaining asset quality [31][113] Other Important Information - Net charge-offs were just 0.02% of average loans, with non-accrual loans steady at 10 basis points [25] - The company raised $110 million in capital through subordinated notes to support balance sheet growth [26] - The board approved a 2.7% increase in dividends, bringing it to $0.38 per share [27] Q&A Session Summary Question: Expectations on DDA levels post-COVID - Management believes DDA levels will remain strong due to new client additions and the impact of the current rate environment [53][54] Question: Thoughts on deposit beta - Management expects deposit beta to be around 50-52%, similar to previous cycles, and emphasizes the importance of total costs [56][58] Question: Operating leverage outlook - Management is focused on positive operating leverage and expects the efficiency ratio to improve moving forward [84] Question: Provision outlook in the current macro environment - Management anticipates strong loan growth will drive provisions, with a focus on macroeconomic indicators [86] Question: Impact of recent capital raise on M&A - Management remains active in pursuing acquisitions and is optimistic about finding suitable opportunities [88] Question: Clarification on expense adjustments - Management provided details on one-time expenses and suggested a run rate of approximately $223 million for Q3 [96] Question: Reserve build and CECL impact - Management explained that new loans require reserves, and the reserve build was significantly influenced by loan growth [106][108]

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]

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]