UMBFHIGH SIGNALFINANCIAL10-K

UMBF completed a major expansion through what appears to be an acquisition, with assets growing 45% to $73.1 billion while profitability improved substantially.

The company successfully executed a significant growth initiative while maintaining strong operational performance, as evidenced by reduced credit provisions and substantially higher profitability. The completion of the forward sale agreement providing $235.1 million in net proceeds suggests this expansion was well-capitalized and strategic rather than opportunistic.

Comparing 2026-02-26 vs 2025-02-27View on EDGAR →
FINANCIAL ANALYSIS

UMBF demonstrated remarkable financial performance with assets expanding 45% to $73.1 billion and deposits growing 41% to $60.7 billion, indicating successful business expansion. Net interest income grew meaningfully alongside this growth while credit provisions declined substantially from $70.8 million to $32.9 million, reflecting improved asset quality. The company's profitability improved notably while dividends paid increased 76% to $135.6 million, demonstrating strong cash generation and shareholder returns during this expansion period.

FINANCIAL STATEMENT CHANGES
Dividends Paid
Cash Flow
+75.8%
$77.1M→$135.6M

Dividend payments increased 75.8% — management confidence in sustained cash generation.

Net Income
P&L
+59.2%
$441.2M→$702.4M

Net income grew 59.2% — bottom-line growth signals improving overall business health.

Net Interest Income
P&L
+54.5%
$2.2B→$3.4B

Net interest income grew 54.5% — benefiting from rate environment or loan book expansion.

Provision for Credit Losses
P&L
-53.6%
$70.8M→$32.9M

Provisions reduced 53.6% — improving credit quality or reserve release boosting reported earnings.

Total Assets
Balance Sheet
+45%
$50.4B→$73.1B

Asset base grew 45% — expansion through organic growth, acquisitions, or capital deployment.

Total Deposits
Balance Sheet
+40.6%
$43.1B→$60.7B

Deposits grew 40.6% — expanding customer base or increased trust in the institution.

Total Liabilities
Balance Sheet
+39.3%
$46.9B→$65.4B

Liabilities grew 39.3% — significant increase in debt or obligations, assess impact on financial flexibility.

Total Debt
Balance Sheet
+23.1%
$385.3M→$474.2M

Debt rose 23.1% — additional borrowing for investment or operations; monitor coverage ratios.

LANGUAGE CHANGES
NEW — 2026-02-26
PRIOR — 2025-02-27
ADDED
FORM 10-K SUMMARY 157 SIGNATURES 158 CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT CERTIFICATION PURSUANT TO 18 U.S.C.
The Company settled the forward sale agreement during the first quarter of 2025 for net proceeds of $235.1 million.
The Bank has its principal office in Missouri and provides financial services primarily throughout the Midwestern, Southwestern, and Western regions of the United States.
Increasingly, financial-technology (fintech) companies, including those related to digital currencies or cryptocurrencies (including stablecoins), and technology companies, are partnering with financial-services providers to compete with the Company for lending, payments, and other business.
On a full-time equivalent basis on December 31, 2025, the Company and its subsidiaries employed 5,222 associates across the country.
The Company s talent acquisition team focuses on building recruitment marketing strategies that are designed to identify and attract candidates with a variety of backgrounds.
Policies announced or implemented by other central banks around the world have a meaningful effect on our operations as well, whether coordinated with those of the FRB or otherwise.
The current presidential administration has implemented significantly different policies from the previous presidential administration, including new proposed regulations and rescissions or withdrawals of previous guidance, and sharply reduced the workforce at the federal banking agencies.
The cumulative impact of these changes, and whether they will last over time, is unclear.
The standards by which bank and financial institution acquisitions are evaluated may be subject to change.
REMOVED
FORM 10-K SUMMARY 147 SIGNATURES 148 CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT CERTIFICATION PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT CERTIFICATION PURSUANT TO 18 U.S.C.
The Company expects to receive net proceeds of approximately $231.8 million from the sale of shares of common stock and settlement of the forward sale agreements.
The Bank has its principal office in Missouri and provides financial services primarily throughout the Midwestern and Southwestern regions of the United States.
Increasingly, financial-technology (fintech) companies are partnering with financial-services providers to compete with the Company for lending, payments, and other business.
On a full-time equivalent basis at December 31, 2024, the Company and its subsidiaries employed 3,698 associates across the country.
The Company s talent acquisition team focuses on building recruitment marketing strategies that are designed to identify and attract diverse candidates.
Policies announced or implemented by other central banks around the world have a meaningful effect as well and sometimes may be coordinated with those of the FRB.
The standards by which bank and financial institution acquisitions are evaluated have been undergoing review and change by the OCC, FDIC and the Department of Justice (the DOJ), but not by the FRB.
These reviews and changes were incorporated into non-binding guidance.
Whether and how the guidance might be further changed or interpreted is uncertain.
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