UMB Financial

UMBF · Nasdaq · Financials · Financials, fiscal 2016 to 2025

UMBF · Last close · October 26, 2026

$134.26

UMB Financial's revenue rose 62.8% to $2.7 billion in fiscal 2025. Net income was $702 million, up 59.2%. Its return on equity was 12.6%, down from 13.4% a year earlier. Its efficiency ratio was 61.2%, down from 63.0% a year earlier. It paid out $153 million in dividends and buybacks. The diluted share count rose 50.2%.

UMB FINANCIAL CORP Latest fiscal year ended December 31, 2025 10-K filed February 26, 2026 · 0001193125-26-076496 Updated October 18, 2026

Revenue

$2.7B

62.8%

Net income

$702M

59.2%

Return on equity

12.6%

0.8 pts

Return on tangible equity

15.5%

1.2 pts

Efficiency ratio

61.2%

1.8 pts

Market cap

$10.3B

Oct 26 close

P/E

11.2x

On $12.03 EPS, 4 qtrs

Return on equity is net income as a share of shareholders' equity; return on tangible equity leaves out goodwill and other intangible assets. The efficiency ratio is operating costs as a share of revenue, so lower means the bank spends less to earn each dollar. Market cap is the last closing share price times the latest diluted share count, so it is approximate. P/E is the last close divided by diluted earnings per share over the last four quarters, or the latest fiscal year where the quarters aren't available; there is none when the company made a loss.

Charts show fiscal years, from the 10-K filings.

Revenue and returns

Revenue

US$ billions, fiscal years. Revenue is net of interest expense.

Return on equity

Percent. Net income over average equity; tangible equity excludes goodwill, intangibles and preferred stock.

Return on equityReturn on tangible common equity

Net income and earnings per share

From fiscal 2016 to 2025, earnings per share grew 12.5% a year and net income 18.0% a year, as new shares raised the share count by 49% and diluted each share's earnings.

Net income

US$ billions, fiscal years; loss years in red.

Diluted earnings per share

US$ per share, fiscal years, restated for any stock splits; loss years in red.

Efficiency and income mix

Efficiency ratio and net interest income

Percent of revenue. The efficiency ratio is noninterest expense over revenue.

Efficiency ratioNet interest income share

Payouts and share count

Dividends and buybacks

US$ billions, cash paid in each fiscal year

DividendsShare buybacks

Diluted share count

Weighted-average diluted shares, millions

Valuation

Value UMB Financial yourself from its earnings. A bank's cash flow is mostly the money it lends and takes in, so the cash flow model on other company pages doesn't suit it.

Price-to-earnings (P/E) method

Another common way to value a company is to multiply its earnings per share by a price-to-earnings (P/E) multiple: the number of years of today's earnings an investor pays for a share. A higher multiple usually means investors expect earnings to grow. Choose a multiple, for example from similar companies, to see the value it gives.

Value per share on three example scenarios, from UMB Financial's earnings per share of $12.03 (over the last four quarters). Each grows earnings for a year at the cash flow scenarios' rates and applies a multiple to next year's earnings: 12.4×, the middle of UMB Financial's own P/E today, its peers' median and its sector's median (its peers' median) for the base scenario, 20% less and more for the cautious and optimistic ones. The price is brought back a year at 11%, 10% and 9%. Select one to load it into the calculator. These are the model's arithmetic on those assumptions, not a forecast or a price target.

Earnings per share, US$

Diluted earnings per share over the four quarters to June 30, 2026, from the 10-Qs and 10-K.

P/E multiple

P/E today is the last close divided by the latest earnings per share, the four quarters' where available. Peers: South State Bank, Wintrust Financial, Old National Bank, East West Bancorp.

Earnings growth in the years ahead (% a year) Starts at UMB Financial's revenue growth over the last 3 years, 21.8% a year, kept between 0% and 20%, as the base scenario does.

Earnings per share in the years ahead, US$

Year 1Year 2Year 3Year 4Year 5

Type your own estimate for any year; the years after it carry on at the growth rate.

Apply the multiple to earnings

A multiple on a future year's earnings gives the price then, brought back to today at the discount rate below.

Discount rate (% a year) The yearly return an investor wants for the risk, as in the cash flow model.

Value per share today at this multiple

—

Last close, October 26, 2026: $134.26
Value at this multiple, against the last close: —
UMB Financial's P/E at the last close: 11.2×

Company	Last close	Earnings per share	P/E today
Old National BankONB	$25.03	$1.95	12.8×
East West BancorpEWBC	$131.77	$10.40	12.7×
Wintrust FinancialWTFC	$151.17	$12.45	12.1×
UMB FinancialUMBF	$134.26	$12.03	11.2×
South State BankSSB	$105.40	$9.51	11.1×

How the P/E method works. Value per share is earnings per share times the multiple. On a future year's earnings, that gives the price in that year, which is brought back to today at the discount rate: price ÷ (1 + discount rate) for each year ahead. It is quick and easy to compare across companies, but it ignores debt and cash, and earnings can swing with one-off gains and charges, so a multiple says most about steady, profitable businesses. Like the cash flow model, the result depends entirely on the assumptions you choose. It is not a forecast, a price target or a recommendation.

Balance sheet

Fiscal year end	FY21	FY22	FY23	FY24	FY25
Loans, net	16,976	20,839	22,953	—	—
Deposits	35,600	32,639	35,793	43,142	60,657
Loans to deposits	47.7%	63.9%	64.1%	—	—
Provision for credit losses	20	38	41	61	154
Provision to average loans	0.1%	0.2%	0.2%	—	—
Total assets	42,694	38,512	44,012	50,410	73,094
Shareholders' equity	3,145	2,667	3,100	3,466	7,694

US$ millions unless stated, at each fiscal year end.

Insider trades

Over the 12 months between October 27, 2025 and October 26, 2026, 2 insiders bought $230,651 of UMB Financial shares on the open market, and 11 insiders sold $11.6 million.

Date	Insider	Trade	Shares	Price	Value	Filing
Sep 1, 2026	Greg M GravesDirector	Bought	573	$139.60	$80,012	Form 4
Sep 1, 2026	Tamara PetermanDirector	Bought	394	$139.60	$55,011	Form 4
Aug 17, 2026	Thomas S TerryChief Credit Officer	Sold	5,713	$151.77	$867,062	Form 4
Aug 17, 2026	Ram ShankarChief Financial Officer	Sold	2,000	$151.61	$303,220	Form 4
Aug 6, 2026	Susan G MurphyDirector	Sold	1,377	$145.56	$200,430	Form 4
Aug 5, 2026	David Carl OdgersChief Accounting Officer	Sold	145	$147.30	$21,358	Form 4
Aug 4, 2026	Kemper J MarinerChairman and CEO, Director	Sold	15,062	$148.55	$2.2 million	Form 4
Aug 4, 2026	Uma WilsonExecutive Vice President	Sold	4,145	$148.00	$613,460	Form 4
Aug 4, 2026	Nikki Farentino NewtonPresident, Private Wealth Mgmt	Sold	2,000	$148.60	$297,200	Form 4
Aug 4, 2026	Phillip James MasonPresident, Inst. Banking	Sold	800	$147.00	$117,600	Form 4
Aug 3, 2026	Kemper J MarinerChairman and CEO, Director	Sold	4,200	$147.27	$618,534	Form 4
Jul 31, 2026	Robert Brian BeairdChief Human Resource Officer	Sold	1,600	$144.40	$231,040	Form 4

The latest 12 of 26 trades. Open-market purchases and sales by officers, directors and 10% owners, from their Form 4 filings with the SEC: one row per person, day and filing, at the day's average price. Grants, option exercises and shares withheld for tax aren't counted. Insiders buy and sell for many reasons, such as taxes, spreading their savings or a plan set up months earlier, so a trade on its own says little about where a company is heading. For information only, not investment advice. Insider trades at all companies

Compare

Put UMB Financial side by side with any other company we cover: revenue, growth, margins, cash flow and returns, with ten years of charts.

Similar companies

Company	Year	Revenue growth	Net margin	Return on equity	Return on tangible equity	Efficiency ratio	Compare
UMB Financial	FY25	62.8%	26.5%	12.6%	15.5%	61.2%
South State Bank	FY25	56.1%	29.8%	10.7%	16.9%	56.7%	Compare
Wintrust Financial	FY25	11.2%	30.2%	12.1%	13.1%	55.5%	Compare
Old National Bank	FY25	33.9%	26.5%	9.0%	13.4%	58.8%	Compare
East West Bancorp	FY25	12.2%	45.2%	15.9%	16.9%	35.7%	Compare

Each company's latest fiscal year. Fiscal years end in different months, so the periods don't line up exactly.

10 years of figures

Fiscal year	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Income statement
Revenue	898	982	1,012	1,098	1,291	1,283	1,468	1,462	1,629	2,652
Revenue growth	14.7%	9.4%	3.0%	8.4%	17.6%	−0.7%	14.4%	−0.4%	11.4%	62.8%
Net interest income	495	559	610	671	731	816	914	920	1,001	1,862
Noninterest income	402	424	402	427	560	467	554	542	628	790
Noninterest expense	667	705	718	779	822	834	898	999	1,027	1,623
Provision for credit losses	—	—	71	33	130	20	38	41	61	154
Net income	159	247	196	244	286	353	432	350	441	702
Diluted EPS (US$)	3.22	4.96	3.93	4.96	5.93	7.24	8.86	7.18	8.99	9.29
Diluted shares (millions)	49	50	50	49	48	49	49	49	49	74
Payouts
Dividends paid	49	52	58	59	60	67	72	74	77	136
Share buybacks	16	15	76	4	64	6	32	8	8	18
Balance sheet at fiscal year end
Loans, net	10,449	11,180	12,074	13,330	15,888	16,976	20,839	22,953	—	—
Deposits	16,571	18,023	19,281	21,603	27,051	35,600	32,639	35,793	43,142	60,657
Total assets	20,682	21,772	23,351	26,561	33,128	42,694	38,512	44,012	50,410	73,094
Shareholders' equity	1,962	2,182	2,228	2,606	3,017	3,145	2,667	3,100	3,466	7,694
Ratios
Return on equity	8.2%	11.9%	8.9%	10.1%	10.2%	11.5%	14.8%	12.1%	13.4%	12.6%
Return on tangible common equity	9.2%	13.1%	9.7%	10.9%	10.9%	12.2%	15.9%	13.1%	14.3%	15.5%
Return on assets	0.8%	1.2%	0.9%	1.0%	1.0%	0.9%	1.1%	0.8%	0.9%	1.1%
Efficiency ratio	74.3%	71.8%	70.9%	71.0%	63.6%	65.0%	61.2%	68.3%	63.0%	61.2%

US$ millions unless stated. Where a later 10-K restated a year, the latest filed figure is shown. Download all figures (CSV, US$ millions)

Source: UMB Financial's Form 10-K filings, from SEC EDGAR. For information only, not investment advice. The Filing Desk is not affiliated with UMB Financial.