Exhibit 99.1 KANSAS CITY, Mo. (January 27, 2026) – UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income available to common shareholders for the fourth quarter of 2025 of $209.5 million, or $2.74 per diluted share, compared to $180.4 million, or $2.36 per diluted • GAAP net income available to common shareholders of $209.5 million, or $2.74 per diluted common share, an increase of 74.6% as compared to the fourth quarter of 2024. • Net operating income available to com ...

Financial Performance - Net income for the three months ended September 30, 2025, was $188,316 thousand, representing a 71.6% increase compared to $109,643 thousand for the same period in 2024[35]. - The net income available to common shareholders for the nine months ended September 30, 2025, was $475,074 thousand, up 48.0% from $321,246 thousand in 2024[35]. - Net income for the nine months ended September 30, 2025, was $487,043, compared to $321,246 in 2024, marking a 52% increase[159]. - For the three months ended September 30, 2025, net interest income was $475.0 million, a significant increase from $247.4 million for the same period in 2024[157][158]. - Net interest income for the nine months ended September 30, 2025, was $1,339,705, a significant increase from $731,918 in the same period of 2024, representing an 83% growth[159]. Asset and Loan Growth - As of September 30, 2025, cash and cash equivalents totaled $8,841,410 thousand, an increase of 21.5% from $7,276,764 thousand in the same period of 2024[30]. - As of September 30, 2025, the total loans amounted to $37,706.5 million, an increase from $25,642.3 million on December 31, 2024[50]. - Total loans reached $37,706.50 million, an increase from $35,277.68 million in the previous year[55]. - The commercial and industrial loan segment reached $2.33 billion in 2024, up from $1.40 billion in 2023, indicating a growth of about 66.3%[56]. - The total accrued interest on loans was $178.2 million as of September 30, 2025, compared to $125.7 million on December 31, 2024, representing an increase of 41.8%[56]. Credit Quality and Allowance for Credit Losses - The allowance for credit losses increased to $406.816 million as of September 30, 2025, compared to $251.669 million at the end of September 2024, reflecting a significant rise of 61.5%[110]. - The total allowance for credit losses across all segments reached $406,816 thousand for the three months ended September 30, 2025, compared to $251,669 thousand in 2024, reflecting a comprehensive increase in risk provisions[109]. - The provision for credit losses for the three months ended September 30, 2025, was $22.5 million, compared to $18.0 million in the same period of 2024[157][158]. - The company actively monitors credit quality indicators that influence the current estimate of expected credit losses across all portfolio segments[104]. - The risk grading matrix categorizes loans into Pass, Special Mention, Substandard, and Doubtful, with ongoing monitoring of credit quality indicators[57][58]. Loan Portfolio Composition - The Company operates through three reportable segments: Commercial Banking, Institutional Banking, and Personal Banking, reflecting diverse customer needs and services[152]. - The total for consumer credit cards was $689.81 million, with a current period charge-off of $20.02 million[55]. - The total for asset-based lending was $448.72 million, with no current period charge-offs reported[55]. - The total for commercial real estate loans reached $16,583.09 million, with a current period charge-off of $5,295 million[55]. - The total amortized cost for revolving loans was $2,221.48 million, compared to $2,454.04 million in the previous year[55]. Securities and Investments - The Company acquired securities available for sale with an acquisition date fair value of $3.1 billion during 2025 related to the acquisition of HTLF[119]. - As of September 30, 2025, the total fair value of securities available for sale was $13.378 billion, with an amortized cost of $13.747 billion[117]. - The Company reported gross unrealized losses of $467.335 million on its available-for-sale investments as of September 30, 2025[121]. - The total amount of securities pledged to secure U.S. Government deposits and other public deposits was $11.6 billion as of September 30, 2025[119]. - The total amount of securities held to maturity amounted to $5.654 billion, with a net carrying amount of $5.120 billion after unrealized losses of $547.8 million[124]. Derivative Instruments and Risk Management - The Company has entered into derivative financial instruments to manage exposures related to interest rate, liquidity, and credit risk, reflecting a proactive risk management strategy[183]. - As of September 30, 2025, the Company had two interest rate swaps designated as cash flow hedges with an aggregate notional amount of $51.5 million[190]. - The Company had 13 interest rate floors and floor spreads designated as cash flow hedges with an aggregate notional amount of $3.0 billion as of September 30, 2025[191]. - The Company expects to reclassify $0.6 million from AOCI as a reduction to Interest expense and $1.8 million from AOCI as a reduction to Interest income during the next 12 months[192]. - The Company has minimum collateral posting thresholds with certain derivative counterparties, which could require settlement of obligations if breached[199]. Noninterest Income and Expenses - Noninterest income for the nine months ended September 30, 2025, totaled $591,681, up from $462,906 in 2024, reflecting a 28% increase[159]. - The company recorded $38.6 million in expenses related to rebates and rewards programs for the nine months ended September 30, 2025, up from $28.5 million in 2024, a 35% increase[165]. - Total noninterest income for the three months ended September 30, 2025, was $203,298, compared to $200,000 in the same period of 2024, reflecting a slight increase[171]. - Trust and securities processing revenue for the three months ended September 30, 2025, was $87,926, compared to $80,000 in the same period of 2024, indicating a growth of 10%[171]. - Bankcard fees for the three months ended September 30, 2025, were $29,561, compared to $34,421 in the same period of 2024, showing a decrease of 14%[171].

Financial Performance - UMB Financial Corporation reported net income available to common shareholders of $180.4 million, or $2.36 per diluted share, a decrease of 16.3% from the linked quarter but an increase of 64.5% compared to the third quarter of 2024 [3]. - Net operating income available to common shareholders was $206.5 million, or $2.70 per diluted share, reflecting an increase of 87.2% year-over-year [4]. - Net income for the three months ended September 30, 2025, was $188.32 million, up from $109.64 million in 2024, representing a 71.6% increase [43]. - The company reported a net income per common share of $2.38 for Q3 2025, compared to $2.25 in Q3 2024, a growth of 5.8% [43]. - Net income available to common shareholders for Q3 2025 was $180.37 million, up from $109.64 million in Q3 2024, marking a 64.5% increase [49]. Asset and Loan Growth - Average loans increased by 8.0% on a linked-quarter annualized basis to $37.1 billion, and by $12.8 billion, or 52.3%, compared to the third quarter of 2024 [4]. - Average loans for Q3 2025 increased by $731.8 million, or 2.0%, on a linked-quarter basis and $12.8 billion, or 52.3%, compared to Q3 2024 [22]. - Total assets reached $71.9 billion, up 51.3% from $47.5 billion as of September 30, 2024 [4]. - Total assets increased to $71.88 billion as of September 30, 2025, up from $47.50 billion in 2024, representing a 51.2% growth [42]. - Net loans reached $37.30 billion, a significant increase from $24.74 billion in the previous year, marking a 50.6% rise [42]. Deposits and Funding - Average deposits rose by 8.0% on a linked-quarter annualized basis to $56.8 billion, with end-of-period deposits at $60.1 billion [4]. - Average deposits increased by 60.8% compared to Q3 2024, reflecting strong organic growth and the impact of acquired HTLF balances [14]. - Total deposits grew to $60.14 billion, up from $39.70 billion in the previous year, indicating a 51.5% increase [42]. Income and Expenses - Total interest income for the three months ended September 30, 2025, was $878.90 million, compared to $557.69 million in 2024, reflecting a 57.6% increase [43]. - Net interest income after provision for credit losses was $452.54 million for Q3 2025, up from $229.38 million in Q3 2024, a growth of 97.5% [43]. - Total noninterest expense increased to $419.29 million for Q3 2025, up from $252.45 million in 2024, a rise of 65.9% [43]. - GAAP noninterest expense for Q3 2025 was $419.3 million, an increase of $26.1 million, or 6.6%, from the linked quarter and $166.8 million, or 66.1%, from Q3 2024 [17]. Efficiency and Profitability - The efficiency ratio improved to 58.1%, down from 61.7% in the third quarter of 2024 [4]. - Operating return on average assets for Q3 2025 was 1.20%, compared to 1.01% in Q3 2024 [49]. - The net interest margin for Q3 2025 was 3.04%, a decrease of six basis points from the linked quarter, attributed to higher yields on interest-bearing deposits and lower yields on loans [14]. - The net interest margin improved to 3.04% in Q3 2025, compared to 2.49% in Q3 2024 [47]. Credit Quality - Net charge-offs for the third quarter totaled $18.4 million, or 0.20% of average loans, compared to $15.5 million, or 0.17% in the linked quarter [32]. - Nonaccrual loans increased to $132.0 million, or 0.35% of total loans, primarily due to the addition of two legacy HTLF loans [32]. - Provision for credit losses increased by $1.5 million from the linked quarter and $4.5 million from the third quarter of 2024, totaling $22.5 million [32]. Capital and Shareholder Equity - Common equity Tier 1 capital ratio was 10.70%, exceeding the "well-capitalized" regulatory threshold [28]. - Total equity as of September 30, 2025, was $7,443,950, an increase from $7,285,765 in the previous quarter and $3,535,489 in the same quarter of 2024 [26]. - Total common shareholders' equity (GAAP) as of September 30, 2025, was $7,161,853 thousand, compared to $3,535,489 thousand in 2024, showing a 102% increase [52]. Other Key Metrics - Average total assets for Q3 2025 were $68.5 billion, compared to $66.9 billion for the linked quarter and $43.3 billion for the same period in 2024 [19]. - Average total securities increased by 7.5% on a linked-quarter basis and 49.2% compared to the third quarter of 2024, reaching $19,018,827 [23]. - Dividends per common share increased to $1.20 for the nine months ended September 30, 2025, from $1.17 in the same period of 2024 [45].

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to ____ 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, 2025 Commission file number 001-38481 UMB FINANCIAL CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction of incor ...

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 Hollander: 816.729.1027 Investor Relations Contact: Kay Gregory: 816.860.7106 UMB Financial Corporation Reports Second Quarter 2025 Results KANSAS CITY, Mo. (July 29, 2025) – UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income available to common shareholders for the second quarter of 2025 of $215.4 mil ...

Financial Performance - The net income for the three months ended March 31, 2025, was $81,333 thousand, a decrease of 26.3% compared to $110,258 thousand for the same period in 2024[33]. - Basic net income per common share for Q1 2025 was $1.22, down from $2.27 in Q1 2024, reflecting a decline of 46.2%[33]. - For the three months ended March 31, 2025, the total net interest income was $397.639 million, an increase from $239.434 million for the same period in 2024, representing a growth of approximately 66.2%[159]. - Noninterest income for the three months ended March 31, 2025, totaled $166.198 million, up from $159.244 million in the same period of 2024, reflecting a growth of about 4.3%[159]. - The total noninterest expense for the three months ended March 31, 2025, was $384.787 million, compared to $254.804 million for the same period in 2024, representing an increase of approximately 50.9%[159]. Loan Portfolio - As of March 31, 2025, the total loans amounted to $35,936.2 million, compared to $25,642.3 million on December 31, 2024, reflecting a significant increase[47]. - The total current loans as of March 31, 2025, were $35,762.1 million, indicating a strong performance in loan management[47]. - The company has shown a consistent growth trend in various loan segments, indicating a strong market position and potential for future expansion[52]. - The total past due loans as of March 31, 2025, were $174,092 thousand, with a past due percentage of 89%[47]. - Nonaccrual loans with no related allowance for credit losses totaled $100.9 million at March 31, 2025, up from $19.3 million at December 31, 2024[50]. Credit Quality and Risk Management - The company tracks credit quality indicators, including net charge-offs and non-performing loans, to monitor the health of its loan portfolio[54]. - The company employs multiple modeling techniques to measure credit losses across various portfolio segments, including consumer and commercial loans[99]. - The allowance for credit losses (ACL) is estimated based on historical credit loss experience and current economic conditions, with a focus on a one-year reasonable and supportable forecast period[98]. - The company has implemented risk management practices to minimize credit risk, including thorough initial credit-granting processes and consistent underwriting standards[45]. - The company assigns risk ratings based on borrowers' financial positions, ensuring continuous monitoring of credit quality[58]. Securities and Investments - The total amount of securities available for sale increased to $11,453,157 thousand as of March 31, 2025, up from $8,407,676 thousand as of December 31, 2024, reflecting a growth of 36%[117]. - The Company held securities with an amortized cost of $5,717,330,000 and a fair value of $5,107,059,000 as of March 31, 2025, reflecting unrealized losses of $(619,383,000)[126]. - The total fair value of available-for-sale securities as of March 31, 2025, was $10.896 billion, with $1.884 billion classified under Level 2 inputs[203]. - The company recognized $1.6 billion of goodwill related to the acquisition of HTLF, along with a $474.1 million core deposit intangible asset and a wealth customer list valued at $26.0 million[142]. - The total fair value of held-to-maturity investments was $4,413.7 million, with unrealized losses of $619.38 million[131]. Borrowings and Debt Management - As of March 31, 2025, total borrowed funds amounted to $654.4 million, an increase from $385.3 million as of December 31, 2024, reflecting a significant rise in long-term debt[144]. - The total long-term debt as of March 31, 2025, included trust preferred securities amounting to $216.8 million, reflecting the Company's ongoing financing strategies[146]. - The Company purchased and retired $11.1 million of its 2020 subordinated notes during the three months ended March 31, 2025, as part of its debt management strategy[146]. - The Company had 30 letters of credit outstanding with the FHLB of Des Moines, totaling $409.2 million as of March 31, 2025[150]. - Total repurchase agreements as of March 31, 2025, were $2.45 billion, with U.S. Treasury securities securing $299.2 million and U.S. Agencies securing $2.15 billion[152]. Derivatives and Hedging - The fair value of derivatives as of March 31, 2025, was $294.003 million, while the fair value of liabilities related to derivatives was $145.962 million[203]. - The company had 782 interest rate swaps with an aggregate notional amount of $9.7 billion related to its derivative program[194]. - The total gain recognized in Other Comprehensive Income (OCI) for derivatives in cash flow hedging relationships was $22.646 million for the three months ended March 31, 2025, compared to a loss of $13.658 million for the same period in 2024[197]. - The company recognized a gain of $23.735 million from interest rate floors and floor spreads in OCI for the three months ended March 31, 2025[197]. - The company expects to reclassify $0.7 million from AOCI as a reduction to interest expense and $8.1 million from AOCI as a reduction to interest income during the next 12 months[193].

Financial Performance - UMB Financial Corporation reported net income available to common shareholders of $79.3 million, or $1.21 per diluted share, a decrease from $120.0 million, or $2.44 per diluted share in Q4 2024[3]. - Total revenue for Q1 2025 was $563.8 million, an increase of $129.7 million from the linked quarter[10]. - The company achieved a return on average assets of 0.54% and a return on average common equity of 5.86% for Q1 2025[10]. - Net income available to common shareholders decreased to $79,320,000 in Q1 2025 from $110,258,000 in Q1 2024, representing a decline of 28.1%[48]. - The company reported a net income of $81.33 million for Q1 2025, compared to $110.26 million in Q1 2024, reflecting a decrease of 26.3%[47]. Asset and Loan Growth - Average loans increased by 27.8% on a linked-quarter basis to $32.3 billion, and by 38.3% compared to Q1 2024[5]. - Total assets increased to $69,347,313 thousand in Q1 2025, up from $45,343,375 thousand in Q1 2024, representing a growth of 53%[42]. - Net loans rose to $35,567,359 thousand in Q1 2025, compared to $23,411,490 thousand in Q1 2024, marking an increase of 52%[42]. - Average total assets for Q1 2025 were $60.0 billion, compared to $45.0 billion for the linked quarter and $42.0 billion for the same period in 2024[21]. - Total deposits grew to $58,521,178 thousand in Q1 2025, up from $36,913,610 thousand in Q1 2024, indicating a 58% increase[42]. Interest Income and Margin - Net interest income for Q1 2025 was $397.6 million, an increase of 47.8% from the linked quarter, primarily due to the HTLF acquisition[11]. - Total interest income for Q1 2025 was $737,970 thousand, a 42% increase from $520,065 thousand in Q1 2024[43]. - Net interest income (GAAP) increased to $397,639,000 in Q1 2025 from $239,434,000 in Q1 2024, a growth of 66.2%[50]. - The net interest margin improved to 2.96%, up 39 basis points from the linked quarter, driven by higher loan yields and a decrease in the cost of interest-bearing liabilities[11]. - The net interest margin improved to 2.96% in Q1 2025, compared to 2.48% in Q1 2024, indicating better asset yield management[46]. Noninterest Income and Expenses - Noninterest income increased by $1.0 million, or 0.6%, on a linked-quarter basis, driven by higher service charges on deposits and bankcard income[14]. - GAAP noninterest expense for Q1 2025 was $384.8 million, an increase of $114.4 million, or 42.3%, from the linked quarter and $130.0 million, or 51.0%, from Q1 2024[17]. - Total noninterest expense increased to $384,787 thousand in Q1 2025 from $254,804 thousand in Q1 2024, reflecting a rise of 51%[43]. - Noninterest income for Q1 2025 was $166.20 million, compared to $159.24 million in Q1 2024, showing a slight increase of 4.4%[47]. Efficiency and Ratios - The efficiency ratio was reported at 65.19%, impacted by merger-related nonrecurring charges, while the operating efficiency ratio improved to 55.56%[5]. - The efficiency ratio increased to 65.19% in Q1 2025 from 63.44% in Q1 2024, indicating a decline in operational efficiency[49]. - Common equity Tier 1 capital ratio was 10.11% as of March 31, 2025, down from 11.29% in the previous quarter[25]. - The ratio of total tangible common shareholders' equity per share (Non-GAAP) decreased to $56.40 in Q1 2025 from $59.01 in Q1 2024[51]. Credit Quality - Net charge-offs for Q1 2025 totaled $35,872 thousand, representing 0.45% of average loans, compared to $8,935 thousand or 0.14% in Q4 2024[27][31]. - Provision for credit losses in Q1 2025 was $86,000 thousand, a significant increase from $19,000 thousand in Q4 2024[27][31]. - The provision for credit losses in Q1 2025 was $86 million, significantly higher than $10 million in Q1 2024, indicating increased risk management measures[47]. - Loans over 90 days past due decreased to $6,346 thousand, or 0.02% of total loans, from $7,602 thousand or 0.03% in Q4 2024[27]. Shareholder Actions - The company declared a quarterly cash dividend of $0.40 per share, payable on July 1, 2025[28]. - The company approved a share repurchase program for up to 1,000,000 shares of common stock[29]. - UMB Financial Corporation settled a forward sale arrangement adding $235.1 million in common equity and 3.2 million shares of common stock[26]. Strategic Developments - The acquisition of Heartland Financial added approximately $17.9 billion in assets, including $9.8 billion in loans and $14.3 billion in deposits, enhancing UMB's market position[4]. - The company has strategically aligned its operations into three reportable segments: Commercial Banking, Institutional Banking, and Personal Banking, to enhance resource allocation and performance assessment[47]. - UMB Financial Corporation will host a conference call on April 30, 2025, to discuss Q1 2025 earnings results[30].

Workforce and Diversity - The Company employed 3,698 associates across the country as of December 31, 2024[22] - Nearly 20% of the Company's associates participate in one or more Business Resource Groups (BRGs) aimed at enhancing diversity and inclusion[24] - The Company is committed to community involvement through associate volunteerism and corporate philanthropy initiatives[25] - The Company’s ability to compete depends on attracting and retaining talented employees and investing in technology and infrastructure[21] - The Company may face challenges in attracting and retaining qualified employees, which is critical for its performance and operations[145] Regulatory Environment - The Company is subject to extensive regulation and supervision by the Federal Reserve Board (FRB) and other authorities, impacting its operations and financial activities[34] - The FRB's policies significantly influence the availability and demand for loans and deposits, affecting pricing and market conditions[30] - The Company must receive prior approval from the FRB to acquire ownership of 5% or more of any class of voting securities of an unaffiliated bank[41] - The Company’s subsidiaries are subject to separate regulatory frameworks, including oversight by the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB)[35] - The Company is required to maintain a capital conservation buffer under Basel III standards, which affects its ability to declare and pay dividends[46] - The Company remains exempt from the Federal Reserve Board's enhanced prudential standards due to its asset size being below $100 billion[50] - The Company is subject to the Volcker Rule, which imposes limits on proprietary trading and ownership of hedge funds and private-equity funds[49] - The Company is subject to various federal, state, and local laws regarding data privacy and cybersecurity, including the Gramm-Leach-Bliley Act (GLBA) which mandates periodic disclosure of privacy policies[68] - The Company is subject to the Securities Act of 1933 and the Securities Exchange Act of 1934, along with NASDAQ listing rules[74] - The Company’s ability to engage in future mergers and acquisitions is subject to regulatory approvals and potential delays, which could affect its business prospects[149] Financial Performance and Capital Management - As of December 31, 2024, UMB Financial Corporation's Common Equity Tier 1 Capital Ratio is 11.29%, exceeding the minimum regulatory requirement of 4.50%[53] - UMB Bank, n.a. has a Total Risk-Based Capital Ratio of 12.24%, above the minimum requirement of 8.00%[53] - The Bank is categorized as well capitalized under the Prompt Corrective Action framework as of December 31, 2024[54] - The Company continues to conduct internal stress tests as part of its risk management and capital planning process despite being exempt from formal stress testing requirements[50] - The proposed Basel III endgame could significantly increase capital requirements for banking organizations with $100 billion or more in assets, potentially impacting the Company[55] - The Company may need to raise additional capital due to regulatory requirements or growth, which may not be available on favorable terms[109] - An inability to raise capital when needed could threaten the Company's viability as a going concern and harm its reputation[110] Credit and Market Risks - The Company is vulnerable to economic downturns, which could lead to increased delinquencies or defaults, adversely affecting its lending and banking businesses[87] - The Company faces credit risk from its loan portfolio, particularly in real estate, which could be negatively impacted by deteriorating market conditions[89] - The Company’s income may be negatively impacted if it cannot effectively deploy funds to originate or acquire loans with higher yields than its investment securities[94] - Rising credit losses may require the Company to increase its allowance for credit losses, potentially decreasing profitability if revenue cannot be raised or costs reduced[97] - Customers are more likely to miss payments during economic downturns, high unemployment, or if payment burdens increase due to rising interest rates or inflation outpacing wage growth[97] - Insufficient collateral values on secured loans may not adequately compensate for credit losses, especially if real estate values decrease[98] - Geographic and industry concentration risks may adversely affect the Company’s commercial real estate loan portfolio during regional economic downturns[98] Cybersecurity and Data Privacy - The Company is required to implement a comprehensive cybersecurity program with administrative, technical, and physical safeguards to protect customer information[68] - The Cyber Incident Reporting for Critical Infrastructure Act (CIRCIA) requires companies to report significant cyber incidents to the Cybersecurity and Infrastructure Agency (CISA) within 72 hours[69] - The Company must notify federal banking agencies within 36 hours after identifying a "computer-security incident" that materially disrupts its operations[70] - The Company faces risks related to the accuracy of its public statements on privacy practices, which could lead to government or legal actions if found deceptive[114] - The Company is subject to complex and evolving laws related to privacy and data protection, which may increase compliance costs and liability exposure[111] - Several states have implemented or are considering comprehensive data privacy and cybersecurity laws, complicating compliance efforts and increasing costs[113] Strategic Initiatives and Acquisitions - The Company issued approximately 23.6 million shares of common stock as merger consideration to HTLF stockholders, which may result in fluctuations in the market price of the Company's common stock[135] - The Company has incurred significant transaction and acquisition-related costs associated with the acquisition of HTLF, including legal, financial advisory, and regulatory fees[134] - The Company expects to realize various benefits from the acquisition of HTLF, including enhanced revenues and cost savings, but achieving these benefits is subject to uncertainties[133] - The integration of HTLF may face challenges such as operational disruptions, loss of key employees, and increased regulatory scrutiny[138] - The Company may face difficulties in effectively managing its expanded operations following the acquisition of HTLF, which could adversely affect its business[137] - The Company is focused on long-term growth through strategic activities such as acquisitions and partnerships, but success is not guaranteed[153] - The Company may not be able to acquire other businesses on attractive terms due to significant competition for valuable acquisition targets[152] Environmental, Social, and Governance (ESG) Considerations - Increased scrutiny on Environmental, Social, and Governance (ESG) practices may lead to higher operational costs and regulatory compliance challenges[154] - Conflicting state-level anti-ESG initiatives in the U.S. could limit the Company's ability to conduct business and increase costs[155] - Climate change concerns are rising, with potential operational changes and capital expenditures required to comply with new regulations[156] - The Company may face unique risks from climate change, such as adverse effects on the value of real properties securing loans[156] - Legislative initiatives aimed at mitigating climate change may impose taxes and fees, impacting the Company's financial condition[156] Competition and Market Dynamics - The Company faces intense competition from other financial-services and technology companies, which could pressure it to lower interest rates or fees[128] - The financial services industry is rapidly evolving, and the Company may struggle to introduce new products or services on a large scale in response to these changes[129] - Adverse developments affecting other financial institutions could negatively impact perceptions about the Company's strength and soundness[121] - The Company is heavily reliant on technology, and failures in implementing technology initiatives could adversely affect its performance[125]

Financial Performance - UMB Financial Corporation reported fourth quarter net income of $120.0 million, or $2.44 per diluted share, an increase of 9.5% from the previous quarter and 69.5% year-over-year [3][6]. - Full-year 2024 net income reached $441.2 million, with net operating income of $461.7 million, setting new company records [5]. - GAAP net income for the year ended December 31, 2024, was $441.2 million, or $8.99 per diluted share, representing an increase of 26.0% from $350.0 million, or $7.18 per diluted share in 2023 [15]. - Net income for Q4 2024 was $119,997,000, a significant increase of 69.1% from $70,923,000 in Q4 2023 [45]. - Basic net income per share for Q4 2024 was $2.46, compared to $1.46 in Q4 2023, marking a 68.5% increase [44]. - Total comprehensive income for the year 2024 was $425,128,000, down from $495,824,000 in 2023, a decrease of 14.2% [45]. Revenue and Income Sources - Net interest income for the fourth quarter totaled $269.0 million, an increase of 8.7% from the linked quarter and 16.7% year-over-year [11]. - Noninterest income rose 4.1% sequentially to $165.2 million, driven by gains from the sale of UMB Distribution Services and increased brokerage income [10][12]. - Full-year noninterest income increased by $86.3 million, or 15.9%, driven by various income sources including fund services and corporate trust income [19]. - Noninterest income for Q4 2024 was $165,211,000, representing a 17.8% increase compared to $140,254,000 in Q4 2023 [44]. - Total Non-GAAP revenue for Q4 2024 was $434,185 thousand, compared to $370,776 thousand in Q4 2023, marking an increase of 17.1% [53]. Asset and Loan Growth - Average loans increased 14.8% on a linked-quarter annualized basis to $25.3 billion, and rose $2.2 billion, or 9.4%, compared to the fourth quarter of 2023 [6][11]. - Average loans for Q4 2024 increased by $902.6 million, or 3.7%, on a linked-quarter basis and $2.2 billion, or 9.4%, compared to Q4 2023, totaling $25.3 billion [22]. - Total assets increased to $50,409,664 from $44,011,674, representing a growth of approximately 14.5% year-over-year [43]. - Average total assets for Q4 2024 were $45.0 billion, compared to $43.3 billion for the linked quarter and $40.5 billion for the same period in 2023 [21]. Deposit Growth - Average deposits surged 30.9% on a linked-quarter annualized basis to $38.0 billion, with average noninterest-bearing demand deposits increasing 12.0% [6][11]. - Total deposits reached $38,017,219, an increase of $5,341,957 compared to Q4 2023 [30]. - Average deposits increased by 7.7% on a linked-quarter basis and 16.3% compared to Q4 2023 [26]. - The company reported a non-interest bearing demand of $13,617,167, up from $12,130,666, indicating an increase of approximately 12.2% [43]. Credit Quality and Losses - Credit quality remained strong, with net charge-offs at just 0.10% of average loans for the year ended December 31, 2024 [6]. - Net charge-offs for Q4 totaled $8.9 million, or 0.14% of average loans, consistent with the previous quarter [29]. - Provision for credit losses increased by $1.0 million from the linked quarter and $19.0 million from Q4 2023 [35]. - The provision for credit losses for the year 2024 was $61,050,000, compared to $41,227,000 in 2023, indicating a 48.3% increase [44]. Efficiency and Cost Management - The efficiency ratio improved to 61.83%, down from 77.65% in the previous year, indicating better cost management [9]. - The efficiency ratio improved to 62.56% in 2024 from 67.76% in 2023, indicating better operational efficiency [16]. - Noninterest expense for Q4 2024 was $270,361 thousand, a decrease of 6.0% from $289,974 thousand in Q4 2023 [53]. - Total noninterest expense for the year ended December 31, 2024, was $1,026,686,000, up from $999,140,000 in 2023, reflecting a 2.8% increase [44]. Capital and Shareholder Information - Total equity as of December 31, 2024, was $3,466,541, an increase from $3,100,419 in Q4 2023 [27]. - Common equity Tier 1 capital ratio was 11.29%, exceeding "well-capitalized" regulatory thresholds [28]. - The company declared a quarterly cash dividend of $0.40 per share, payable on April 1, 2025 [31]. - The balance of total shareholders' equity as of December 31, 2024, was $3,466,541,000, an increase from $3,100,419,000 at the end of 2023 [46].

Financial Performance - As of September 30, 2024, cash and cash equivalents totaled $7,276,764 thousand, a 85.5% increase from $3,927,229 thousand in the same period of 2023[25] - Basic net income per share for the quarter includes the dilutive effect of 303,425 shares in 2024 compared to 236,920 shares in 2023[26] - Net income for the three months ended September 30, 2024, was $109.643 million, representing a 13.5% increase from $96.554 million in the same quarter of 2023[145] - Net income for the nine months ended September 30, 2024, was $321.246 million, up 15.1% from $279.101 million in the same period of 2023[145] - Average assets for the three months ended September 30, 2024, totaled $43.267 billion, compared to $39.524 billion for the same period in 2023, reflecting a growth of 9.4%[145] - Average assets for the nine months ended September 30, 2024, were $42.586 billion, compared to $39.472 billion for the same period in 2023, indicating a growth of 7.1%[145] Loan Portfolio and Credit Quality - As of September 30, 2024, total loans amounted to $24,948.3 million, a slight decrease from $24,990.7 million on December 31, 2023[41] - Nonaccrual loans with no related allowance for credit losses increased to $19.3 million at September 30, 2024, compared to $13.2 million at December 31, 2023, representing a 46.2% increase[44] - Loans 90 days past due and still accruing interest rose to $7.1 million as of September 30, 2024, up from $3.1 million at December 31, 2023, indicating a 129% increase[44] - The company reported a total of $42,394 million in past due loans as of September 30, 2024, compared to $97 million in total loans past due at December 31, 2023[41] - The company tracks credit quality indicators, including trends in risk grading, net charge-offs, and non-performing loans[49] - The risk grading matrix categorizes loans into Pass, Special Mention, Substandard, and Doubtful, with ongoing monitoring of credit risk[51] Allowance for Credit Losses - The allowance for credit losses (ACL) is estimated using historical credit loss experience and current economic forecasts, with a focus on macroeconomic variables affecting risk ratings[86][88] - The allowance for credit losses increased to $251,669 thousand as of September 30, 2024, up from $242,123 thousand at the beginning of the period, reflecting a growth of approximately 4.3%[100] - The overall increase in the allowance for credit losses suggests a cautious outlook in response to potential credit risks in the market[100] - The provision for credit losses during the same period was $18,000 thousand, which is a notable increase from the previous provision levels[100] Securities and Investments - Securities available for sale totaled $7.47 billion with gross unrealized losses of $481.97 million as of September 30, 2024[108] - The total amortized cost of securities available for sale was $7.47 billion as of September 30, 2024[108] - The Company has no allowance for credit losses (ACL) related to available-for-sale securities as the decline in fair value did not result from credit issues[114] - The total fair value of U.S. Treasury securities was $882.54 million as of September 30, 2024, with unrealized losses of $2.48 million[108] Noninterest Income - Noninterest income for the three months ended September 30, 2024, was $158.743 million, up 19.1% from $133.317 million in the prior year[145] - Noninterest income for the nine months ended September 30, 2024, was $462.906 million, an increase of 15.3% from $401.599 million in the prior year[145] - Trust and securities processing revenue increased to $74,222 thousand in Q3 2024 from $66,668 thousand in Q3 2023, reflecting a growth of 11.6%[157] - Other noninterest income increased by $7.7 million, or 90.0%, for the three months ended September 30, 2024, compared to the same period in 2023[257] Borrowings and Funding - The Company’s total borrowed funds decreased from $2,183,247 thousand as of December 31, 2023, to $1,434,758 thousand as of September 30, 2024, reflecting a reduction of approximately 34.3%[131] - The Company had an outstanding short-term borrowing of $800,000 thousand with the Federal Reserve Bank's Bank Term Funding Program (BTFP) as of September 30, 2024, which was repaid in October 2024[135] - The Company’s borrowing capacity with the Federal Home Loan Bank (FHLB) was $1.6 billion as of September 30, 2024[134] Risk Management - The company has implemented lending policies to minimize risk, with a focus on diversification of the loan portfolio[33] - Credit risk is managed through formal risk management practices and consistent underwriting standards[40] - The company continues to monitor charge-offs and borrower performance on a loan origination vintage basis to assess risk[76] - The company has identified that the repayment of asset-based loans relies on the collection of accounts receivable within 30 to 90 days, emphasizing the importance of cash flow management[57] Market Conditions and Economic Impact - The company noted that commercial real estate loans are influenced by economic cycles, with owner-occupied loans being particularly sensitive to local market conditions[60] - The primary risk for HELOC loans is the borrower's inability to repay debt, which is influenced by market volatility impacting home values[69] - The company reported a significant risk associated with market volatility impacting the value of collateral for consumer loans[74] - The recent volatile markets have impacted trust and securities processing income, which is highly correlated to changes in market value of assets[258]