Jun 2026 (Q2 FY26) — Jul 29, 2026
UMB Financial Q2 FY26 — Strong Loan Growth and Fee Income Momentum
Read the full callUMB Financial (UMBF) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
UMB Financial earnings: last reported Wed, 29 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Jun 2026 | Not in the filed figures for the quarter to jun 2026. No older figure is substituted. | ||
| Net profit | 278 | +27.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
21 of 24 judged targets kept · 7 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Common dividend increase (calendar 2026) | increase in the common dividend during 2026 | Mar 2026 | Yesterday, the Board declared a common dividend of $0.50 a share, representing a 16.3% increase, supporting our commitment to return value to our shareholders. | Achieved |
| Operating expense guide (Q2 FY26) | in line with consensus, approximately $383 million | Mar 2026 | Operating noninterest expense was $398 million, an increase of 6% compared to the first quarter. | Missed |
| Core margin guide (Q3 FY26) | relatively flat vs. Q2 FY26 (3.09%) | Jun 2026 | Relative to the second quarter adjusted margin of 3.09% that excludes accretion, we expect third quarter margin to be relatively flat. | New |
3 of UMB FINANCIAL CORP's 31 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 28 more targets are in the full ledger.
Claimed
- Net income of $271.8 million resulted in earnings per share of $3.56.
- Operating return on tangible common equity reached 20.3% with an operating efficiency ratio of 48.1%.
- Average loan balances grew 12.6% linked-quarter annualized, driven by a record $2.6 billion in gross production.
- Core net interest margin expanded by 4 basis points sequentially to 3.09% (excluding accretion).
- Total fee income increased 19.6% year-over-year, led by Asset Servicing and Corporate Trust, both up over 20% YoY.
- The common dividend was increased by 16.3% to $0.50 per share, and the CET1 ratio rose 29 basis points to 11.45%.
Qualified
- Average deposit balances were flat linked-quarter due to seasonal public funds declines and lower investor solution balances.
- The third quarter is typically a seasonal low point for deposits.
- Operating leverage for the full year 2026 is expected to be positive, but with the continuing impact of lower contractual accretion businesses.
- Loan paydowns increased linked-quarter, though Q1 was noted as an anomaly low.
Price
$129.65 −1.11% · −$1.45
Performance +19.1% 1Y
1Y: $108.85 on 17 Oct 2025 → $129.65. High $152.04 (14 Aug 2026), low $103.99 (17 Nov 2025).
- Previous close
- $131.1
- 52-week range
- $103.99 – $152.04
- One year
- +15.39%
Overview
- Symbol
- UMBF
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
21 of 24 judged targets kept · 7 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Common dividend increase (calendar 2026) | increase in the common dividend during 2026 | Mar 2026 | Yesterday, the Board declared a common dividend of $0.50 a share, representing a 16.3% increase, supporting our commitment to return value to our shareholders. | Achieved |
| Operating expense guide (Q2 FY26) | in line with consensus, approximately $383 million | Mar 2026 | Operating noninterest expense was $398 million, an increase of 6% compared to the first quarter. | Missed |
| Core margin guide (Q3 FY26) | relatively flat vs. Q2 FY26 (3.09%) | Jun 2026 | Relative to the second quarter adjusted margin of 3.09% that excludes accretion, we expect third quarter margin to be relatively flat. | New |
Claimed
- Net income of $271.8 million resulted in earnings per share of $3.56.
- Operating return on tangible common equity reached 20.3% with an operating efficiency ratio of 48.1%.
- Average loan balances grew 12.6% linked-quarter annualized, driven by a record $2.6 billion in gross production.
- Core net interest margin expanded by 4 basis points sequentially to 3.09% (excluding accretion).
- Total fee income increased 19.6% year-over-year, led by Asset Servicing and Corporate Trust, both up over 20% YoY.
- The common dividend was increased by 16.3% to $0.50 per share, and the CET1 ratio rose 29 basis points to 11.45%.
Qualified
- Average deposit balances were flat linked-quarter due to seasonal public funds declines and lower investor solution balances.
- The third quarter is typically a seasonal low point for deposits.
- Operating leverage for the full year 2026 is expected to be positive, but with the continuing impact of lower contractual accretion businesses.
- Loan paydowns increased linked-quarter, though Q1 was noted as an anomaly low.
The full ledger
Open UMB FINANCIAL CORP’s full ledger
A free account opens 5 company ledgers a month. All 31 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 29, 2026
UMB Financial Q1 FY26 — Strong Loan Growth, Margin Expansion, and Capital Build
Read the full callEvery analysed call
UMB Financial earnings calls (UMBF)
Financials
What the filings say
Net profit, year on year: +28% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Profit before tax | 136 | 145 | 93 | 275 | 237 | 270 | 331 | 350 |
| Tax rate | 19.2% | 17.1% | 12.6% | 21.0% | 20.4% | 20.3% | 21.1% | 20.8% |
| Net profit | 110 | 120 | 81 | 217 | 188 | 215 | 261 | 278 |
| EPS ($ per share) | 2.25 | — | 1.22 | 2.84 | 2.38 | — | 3.36 | 3.58 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 55 | 55 | 55 | 55 | 55 | 55 | 55 | 79 |
| Reserves | 1,488 | 1,672 | 1,891 | 2,177 | 2,536 | 2,811 | 3,175 | 3,736 |
| Total liabilities | 21,123 | 23,955 | 30,111 | 39,548 | 35,845 | 40,911 | 46,943 | 65,401 |
| Fixed assets | 284 | 300 | 293 | 271 | 264 | 242 | 222 | 398 |
| Total assets | 23,351 | 26,561 | 33,128 | 42,693 | 38,512 | 44,012 | 50,410 | 73,094 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 296 | 340 | 374 | 534 | 770 | 473 | 225 | 1,027 |
| Cash from investing | -1,747 | -2,985 | -4,491 | -4,235 | -3,845 | -1,273 | -3,263 | -5,620 |
| Cash from financing | 1,409 | 2,640 | 5,946 | 9,418 | -4,581 | 4,771 | 5,958 | 3,917 |
| Net cash flow | -42 | -5 | 1,828 | 5,717 | -7,657 | 3,970 | 2,920 | -677 |
| Capital expenditure | -58 | -72 | -60 | -34 | -52 | -23 | -20 | -49 |
| Free cash flow | 238 | 268 | 313 | 500 | 718 | 450 | 205 | 978 |
UMBF operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Common equity tier 1 ratio (CET1) | 11.16%Moving on, our capital levels continue to build with March 31 common equity Tier 1 ratio of 11.16%, a 20 basis point improvement from December.Source: earnings call transcript | 11.45%On the capital front, levels continue to build with June 30 common equity Tier 1 ratio of 11.45%, a 29 basis point increase from March.Source: earnings call transcript | +0.3 pt |
| Net interest margin | 3.38%Reported net interest margin for the first quarter was 3.38%.Source: earnings call transcript | 3.32%Reported net interest margin for the second quarter was 3.32% excluding the 23 basis points contribution from purchase accounting adjustments, core margin was 3.09%, increasing 4 basis points sequentially.Source: earnings call transcript | -0.1 pt |
| Net interest margin Core | 3.05%Excluding the 33 basis points contribution from purchase accounting adjustments, core margin was 3.05%, increasing 9 basis points sequentially.Source: earnings call transcript | 3.09%Reported net interest margin for the second quarter was 3.32% excluding the 23 basis points contribution from purchase accounting adjustments, core margin was 3.09%, increasing 4 basis points sequentially.Source: earnings call transcript | 0 pt |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
135 filings between Oct 31, 2025 and Sep 1, 2026.
Open market
decisions to buy or sellPurchases
$230.6K
6 purchases by 2 insiders
Sales
$11.65M
25 sales by 11 insiders
Compensation
not trading decisions- 43
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 58
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| KEMPER J MARINER | — | $7.02M | Aug 4, 2026 |
| Rine James D | — | $1.51M | Jun 9, 2026 |
| Terry Thomas S | — | $867.1K | Aug 17, 2026 |
| Wilson Uma | — | $736.1K | Aug 4, 2026 |
| Newton Nikki Farentino | — | $435.1K | Aug 4, 2026 |
| Shankar Ram | — | $303.2K | Aug 17, 2026 |
| Beaird Robert Brian | — | $231.0K | Jul 31, 2026 |
| Gallagher Kevin Charles | — | $204.0K | Jul 31, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 1, 2026 | Peterman Tamara Director | Purchase | 394 | $55.0K |
| Sep 1, 2026 | GRAVES GREG M Director | Purchase | 573 | $80.0K |
| Aug 17, 2026 | Terry Thomas S Chief Credit Officer | Sale | 5,713 | $867.1K |
| Aug 17, 2026 | Shankar Ram Chief Financial Officer | Sale | 2,000 | $303.2K |
| Aug 6, 2026 | Murphy Susan G Director | Sale | 902 | $131.2K |
| Aug 6, 2026 | Murphy Susan G Director | Sale | 475 | $69.2K |
| Aug 5, 2026 | Odgers David Carl Chief Accounting Officer | Sale | 145 | $21.4K |
| Aug 4, 2026 | KEMPER J MARINER Chairman and CEO | Sale | 15,062 | $2.24M |
| Aug 4, 2026 | Wilson Uma Executive Vice President | Sale | 4,145 | $613.5K |
| Aug 4, 2026 | Newton Nikki Farentino President, Private Wealth Mgmt | Sale | 1,999 | $297.1K |
| Aug 4, 2026 | Mason Phillip James President, Inst. Banking | Sale | 800 | $117.6K |
| Aug 4, 2026 | Newton Nikki Farentino President, Private Wealth Mgmt | Sale | 1 | $149 |
| Aug 3, 2026 | KEMPER J MARINER Chairman and CEO | Gift | 9,761 | $0 |
| Aug 3, 2026 | KEMPER J MARINER Chairman and CEO | Sale | 4,200 | $618.5K |
| Jul 31, 2026 | Beaird Robert Brian Chief Human Resource Officer | Sale | 1,600 | $231.0K |
| Jul 31, 2026 | Gallagher Kevin Charles Director | Sale | 360 | $52.2K |
| Jun 10, 2026 | Wilson Uma Executive Vice President | Sale | 922 | $122.7K |
| Jun 10, 2026 | Gallagher Kevin Charles Director | Sale | 381 | $50.6K |
| Jun 10, 2026 | Wilson Uma Executive Vice President | Option exercise | 922 | $69.4K |
| Jun 9, 2026 | Rine James D President | Sale | 1,074 | $143.1K |
| Jun 9, 2026 | Rine James D President | Sale | 7,172 | $950.2K |
| May 1, 2026 | Murphy Timothy R. Director | Award | 116 | $15.0K |
| May 1, 2026 | Gordon Lansford E. Director | Award | 116 | $15.0K |
| May 1, 2026 | Hopkins Jennifer K Director | Award | 116 | $15.0K |
| May 1, 2026 | Henderson Brad J. Director | Award | 116 | $15.0K |
| May 1, 2026 | GRAVES GREG M Director | Award | 116 | $15.0K |
| May 1, 2026 | Gallagher Kevin Charles Director | Award | 116 | $15.0K |
| May 1, 2026 | BEERY ROBIN C Director | Award | 116 | $15.0K |
| May 1, 2026 | Davidson Janine Director | Award | 116 | $15.0K |
| May 1, 2026 | Lazo Margaret Director | Award | 116 | $15.0K |
| May 1, 2026 | SCHMIDT JOHN K Director | Award | 116 | $15.0K |
| May 1, 2026 | SOSLAND L JOSHUA Director | Award | 116 | $15.0K |
| May 1, 2026 | Williams Leroy James Jr Director | Award | 116 | $15.0K |
| May 1, 2026 | ROBBINS KRIS A Director | Award | 116 | $15.0K |
| May 1, 2026 | Peterman Tamara Director | Award | 116 | $15.0K |
| May 1, 2026 | Murphy Susan G Director | Award | 116 | $15.0K |
| Feb 11, 2026 | Newton Nikki Farentino President, Private Wealth Mgmt | Tax withheld | 87 | $11.5K |
| Feb 11, 2026 | Wilson Uma Executive Vice President | Tax withheld | 83 | $11.0K |
| Feb 11, 2026 | Harris Amy EVP and Chief Legal Officer | Tax withheld | 60 | $7.9K |
| Feb 11, 2026 | Shankar Ram Chief Financial Officer | Tax withheld | 129 | $17.0K |
| Feb 11, 2026 | Rine James D President | Tax withheld | 311 | $41.1K |
| Feb 11, 2026 | Odgers David Carl Chief Accounting Officer | Tax withheld | 18 | $2.4K |
| Feb 11, 2026 | Beaird Robert Brian Chief Human Resource Officer | Tax withheld | 70 | $9.3K |
| Feb 11, 2026 | Mason Phillip James President, Inst. Banking | Tax withheld | 41 | $5.4K |
| Feb 11, 2026 | KEMPER J MARINER Chairman and CEO | Tax withheld | 1,090 | $144.1K |
| Feb 11, 2026 | Terry Thomas S Chief Credit Officer | Tax withheld | 57 | $7.5K |
| Feb 11, 2026 | Johnson Shannon Andresen Chief Administrative Officer | Tax withheld | 124 | $16.4K |
| Feb 10, 2026 | Mason Phillip James President, Inst. Banking | Tax withheld | 65 | $8.6K |
| Feb 10, 2026 | KEMPER J MARINER Chairman and CEO | Tax withheld | 1,721 | $228.7K |
| Feb 10, 2026 | Johnson Shannon Andresen Chief Administrative Officer | Tax withheld | 215 | $28.6K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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