UMB Financial Corporation

UMB Financial is a bank holding company based in Kansas City, Missouri. Its main business is UMB Bank, a national bank that serves businesses, consumers, government bodies and other banks, mainly in the Midwestern, Southwestern and Western US. Alongside loans and deposit accounts, it offers trust, asset-management, card and cash-management services. In January 2025 UMB bought Heartland Financial USA (HTLF) in an all-stock deal and merged HTLF's bank into UMB Bank.

Like most banks, UMB earns the bulk of its revenue from net interest income: the gap between what it earns on loans and investments and what it pays on deposits and borrowings. In FY2025 that was $1.86 billion of $2.65 billion in total revenue. The other $790 million was noninterest income, which comes from fees and services. One significant fee business is UMB Fund Services, which handles fund accounting and transfer agency (keeping track of who owns fund shares) for mutual funds and alternative-investment groups.

UMB reports three segments: Commercial Banking, Institutional Banking and Personal Banking. Revenue jumped 62.8% in FY2025, the first year to include HTLF. As of June 30, 2026, the company had $72.3 billion in assets and $59.8 billion in deposits. It had 5,222 full-time-equivalent employees as of December 31, 2025.

• In Q3 FY2026 (ended Sep 30, 2026), revenue was $772.4M, up 13.9% from a year earlier, and net income was $278.1M (+47.7%).
• For fiscal 2025, revenue was $2.65B (+62.8% year over year; +15.5% a year from FY2020 to FY2025) with a 26.5% net margin.

• Over FY2021–FY2025: $71.2M in buybacks and $425.8M in dividends.
• At least 9 consecutive annual increases: every fiscal year in the SEC data (FY2016–FY2025) shows an increase; the true streak may be longer.
• Regular dividends per share grew +14.4% a year over 5 years (FY2020–FY2025).
• Dividends took 19.3% of earnings in the latest fiscal year.
• Shares outstanding changed +4.5% from Feb 18, 2022 to Oct 26, 2026.

Rank among 1514 US companies

Market value at each year end

UMB Financial’s market value went from $5.73B at the end of 2016 to $10.05B on Oct 28, 2026, up 75%; since the end of 2025 it is up 15%.

Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 2 open-market purchases ($135K) and 18 sales ($6.9M).

Large shareholders (13G filings)

ETFs with the most weight in UMBF

1. Price-sensitive business and institutional deposits. Much of UMB's funding comes from businesses and institutions, whose deposits react to rates more than consumers' deposits do. When rates rise, UMB may lose low-cost deposits faster or pay more to keep them.
2. Heavy focus on three US regions. The bank operates mainly in the Midwestern, Southwestern and Western US and has no significant banking presence elsewhere. A long downturn in those regions could raise loan losses and hurt results.
3. Heartland deal may fall short. UMB bought Heartland Financial USA (HTLF) in January 2025. It warns it may not get the full expected benefits, has run up significant deal costs and must manage its expanded operations well.
4. Fee income depends on market values. Fund services, trust and asset-management fees depend on the assets UMB manages or administers. Falling markets, shrinking client assets or a shift toward lower-fee assets could cut this income.
5. Bond holdings sensitive to interest rates. UMB holds a sizeable portfolio of investment securities, including long-term fixed-rate municipal bonds. When rates rise, their market value falls, which can weigh on income and make reported equity swing.
6. Loans tied to real estate markets. A meaningful part of UMB's loan book is secured by real estate. Weak or volatile property markets, or environmental liabilities tied to those properties, could lower collateral values and increase loan losses.

• Oct 29, 2026 Executive or board change
• Oct 27, 2026 Quarterly results released; Other company announcement
• Oct 27, 2026 Investor presentation or announcement
• Sep 1, 2026 Investor presentation or announcement
• Jul 28, 2026 Quarterly results released; Other company announcement
• Apr 30, 2026 Shareholder vote results
• Apr 28, 2026 Quarterly results released; Other company announcement
• Feb 10, 2026 Executive or board change
• Jan 27, 2026 Quarterly results released; Other company announcement

UMB raised its dividend in every fiscal year from FY2016 to FY2025. That makes at least nine increases in a row, and the streak may be longer. Dividends per share rose from $1.49 in FY2022 to $1.63 in FY2025. Dividends took 19.3% of FY2025 earnings. That low payout leaves a cushion if profits dip, but the yield was a modest 1.35% as of October 28, 2026. Buybacks are small: $71.2 million over FY2021–FY2025, against $425.8 million in dividends. The HTLF deal added 23.6 million shares, so the share count grew.

The share price has fallen hard in past downturns. It dropped 50.3% between September 2008 and March 2009 and took about 56 months to recover. In the 2020 COVID crash it fell 37.1% and recovered in about eight months. In the 2022 bear market it fell 25.7% and needed about 27 months to regain its peak. A single stock like UMB carries more risk than a diversified fund.