Business Description
UMB Financial Corporation serves as the holding company for UMB Bank, delivering a comprehensive array of banking and financial solutions. Its Commercial Banking division provides businesses with essential services, including commercial loans, credit cards, and real estate financing. This segment also offers letters of credit, loan syndication, and consultative support. Furthermore, it delivers specialized business solutions such as asset-based lending, accounts receivable financing, mezzanine debt, and minority equity investments. Comprehensive treasury management services are also available, encompassing depository functions, account reconciliation, cash management tools, accounts payable and receivable solutions, electronic funds transfers, automated payments, controlled disbursements, lockbox services, and remote deposit capture. The Institutional Banking division caters specifically to institutional clients, offering asset management and healthcare services. Its extensive offerings include fund administration and accounting, investor services, transfer agency functions, marketing and distribution support, custody, and alternative investment services. This segment also manages fixed-income sales, trading, and underwriting, alongside providing corporate trust, escrow, and institutional custody services. A notable feature of this division is its healthcare payment solutions, which incorporate custodial services for health savings accounts and versatile private-label debit cards. These solutions are extended to a diverse clientele, including insurance carriers, third-party administrators, software companies, employers, and financial institutions. For individual customers, the Personal Banking segment presents a suite of services such as deposit accounts, retail credit cards, and private banking. It also provides various loan products, including installment loans, home equity lines of credit, residential mortgages, and small business loans. These offerings are complemented by internet banking, an expansive ATM network, brokerage, insurance, advisory, and trust services. The company operates a substantial network of branches and offices across 17 states: Missouri, Kansas, Colorado, Illinois, Oklahoma, Texas, Arizona, Nebraska, Iowa, Pennsylvania, South Dakota, Indiana, Utah, Minnesota, California, and Wisconsin. Established in 1913, UMB Financial Corporation maintains its headquarters in Kansas City, Missouri.
Business History
Revenue & Net Income Trend
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
EPS (Diluted): 9.20
Total Equity: $7.69B
Shares: 76,475,547
Total Debt: $3.80B
Cash: $952.55M
EBITDA: $1.06B
Total Debt: $3.80B
Cash: $952.55M
Revenue: $4.44B
Revenue: $4.44B
Revenue: $4.44B
Total Equity: $7.69B
Tax Rate: 19.7%
Equity: $7.69B
Total Debt: $3.80B
Cash: $952.55M
Current Liabilities: $64.93B
Long-Term Debt: $474.23M
Total Debt: $3.80B
Total Equity: $7.69B
Shares: 76,475,547
Shares: 76,475,547
CapEx: -$48.58M
Shares: 76,475,547
Stock Price: $144.91
Net Income: $702.40M
Industry Benchmarks
Deep Analysis
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Income Statement (Annual)
Last updated: Jun 21, 2026 7:15pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $1.2B | $1.6B | $2.2B | $2.6B | $4.4B |
| Cost of Revenue | $66.0M | $261.6M | $959.8M | $1.2B | $2.0B |
| Gross Profit | $1.2B | $1.3B | $1.3B | $1.4B | $2.4B |
| Operating Expenses | $746.9M | $789.5M | $863.1M | $864.5M | $1.5B |
| Operating Income | $429.1M | $532.0M | $421.6M | $541.3M | $900.0M |
| Net Income | $353.0M | $431.7M | $350.0M | $441.2M | $702.4M |
| EBITDA | $484.8M | $586.0M | $480.3M | $594.0M | $1.1B |
| EPS | $7.31 | $8.93 | $7.22 | $9.05 | $9.20 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 7:15pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $9.3B | $1.7B | $5.6B | $8.6B | $952.5M |
| Total Current Assets | $21.6B | $9.2B | $13.2B | $16.8B | $952.5M |
| Total Assets | $42.7B | $38.5B | $44.0B | $50.4B | $73.1B |
| Current Liabilities | $39.1B | $35.1B | $39.3B | $46.1B | $64.9B |
| Long-Term Debt | $271.5M | $381.3M | $383.2M | $385.3M | $474.2M |
| Total Liabilities | $39.5B | $35.8B | $40.9B | $46.9B | $65.4B |
| Total Equity | $3.1B | $2.7B | $3.1B | $3.5B | $7.7B |
| Retained Earnings | $2.2B | $2.5B | $2.8B | $3.2B | $3.7B |
Cash Flow (Annual)
Last updated: Jun 21, 2026 7:15pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $534.1M | $769.6M | $472.6M | $225.3M | $1.0B |
| Capital Expenditure | -$33.7M | -$51.7M | -$26.9M | -$24.2M | -$48.6M |
| Free Cash Flow | $500.4M | $717.8M | $445.7M | $201.1M | $978.1M |
| Acquisitions (net) | $18.4M | $548.6M | $-793,000 | -$109.0M | $169.3M |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$5.5M | -$32.0M | -$8.4M | -$7.7M | -$132.6M |
| Net Change in Cash | $5.7B | -$7.7B | $4.0B | $2.9B | -$676.7M |
Analyst Estimates (Annual)
Last updated: Jun 26, 2026 7:04pm (13h ago)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$2.6B $2.6B – $2.6B
|
$3.0B $2.9B – $3.0B
|
$3.1B $3.1B – $3.2B
|
$3.4B $3.4B – $3.4B
|
| EBITDA |
$749.7M $741.1M – $755.4M
|
$851.0M $845.2M – $853.8M
|
$904.5M $890.0M – $927.6M
|
$980.3M $980.3M – $980.3M
|
| Net Income |
$804.9M $761.2M – $848.5M
|
$986.7M $975.8M – $995.2M
|
$1.0B $1.0B – $1.1B
|
$1.2B $1.2B – $1.2B
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 7:15pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +27.5% | +41.8% | +17.5% | +68.5% |
| Gross Profit Growth | +12.4% | -2.8% | +9.4% | +72.0% |
| Operating Income Growth | +24.0% | -20.8% | +28.4% | +66.3% |
| Net Income Growth | +22.3% | -18.9% | +26.1% | +59.2% |
| EBITDA Growth | +20.9% | -18.0% | +23.7% | +78.5% |
Dividend History (Last 20)
Last updated: Jun 21, 2026 7:15pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-06-10 | $0.43 | 2026-04-28 | 2026-06-10 | 2026-07-01 |
| 2026-03-10 | $0.43 | 2026-01-27 | 2026-03-10 | 2026-04-01 |
| 2025-12-10 | $0.43 | 2025-10-28 | 2025-12-10 | 2026-01-02 |
| 2025-09-10 | $0.40 | 2025-07-29 | 2025-09-10 | 2025-10-01 |
| 2025-06-10 | $0.40 | 2025-04-29 | 2025-06-10 | 2025-07-01 |
| 2025-03-10 | $0.40 | 2025-01-28 | 2025-03-10 | 2025-04-01 |
| 2024-12-10 | $0.40 | 2024-10-29 | 2024-12-10 | 2025-01-02 |
| 2024-09-10 | $0.39 | 2024-07-30 | 2024-09-10 | 2024-10-01 |
| 2024-06-10 | $0.39 | 2024-04-29 | 2024-06-10 | 2024-07-01 |
| 2024-03-08 | $0.39 | 2024-01-30 | 2024-03-11 | 2024-04-01 |
| 2023-12-08 | $0.39 | 2023-10-24 | 2023-12-11 | 2024-01-02 |
| 2023-09-08 | $0.38 | 2023-07-25 | 2023-09-11 | 2023-10-02 |
| 2023-06-09 | $0.38 | 2023-04-25 | 2023-06-12 | 2023-07-03 |
| 2023-03-09 | $0.38 | 2023-01-24 | 2023-03-10 | 2023-04-03 |
| 2022-12-09 | $0.38 | 2022-10-25 | 2022-12-12 | 2023-01-03 |
| 2022-09-09 | $0.37 | 2022-07-26 | 2022-09-12 | 2022-10-03 |
| 2022-06-09 | $0.37 | 2022-04-26 | 2022-06-10 | 2022-07-01 |
| 2022-03-09 | $0.37 | 2022-01-25 | 2022-03-10 | 2022-04-01 |
| 2021-12-09 | $0.37 | 2021-10-26 | 2021-12-10 | 2022-01-03 |
| 2021-09-09 | $0.37 | 2021-07-27 | 2021-09-10 | 2021-10-01 |
Narrative Economics
market-narrative step).