NASDAQ$UMBF

UMB Financial Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

UMB Financial reported first quarter net income.

UMB Financial Corporation reported a net income of $106.0 million for the first quarter of 2022, or $2.17 per diluted share. This compares to $92.6 million, or $1.91 per diluted share, in the first quarter of 2021. The company's results reflect robust growth on both sides of the balance sheet, strong asset quality metrics, and sustained momentum in fee income businesses.

  • GAAP net income of $106.0 million, or $2.17 per diluted share; net operating income of $106.1 million, or $2.17 per diluted share.
  • Pre-tax, pre-provision income on a fully tax equivalent basis of $125.7 million, an increase of 10.9% compared to the fourth quarter of 2021.
  • Excluding Paycheck Protection Program balances, average loans increased 19.1% on a linked-quarter, annualized basis.
  • Noninterest income increased 13.6% as compared to the first quarter of 2021, equal to 37.0% of total revenue.

Headline financials

Total Revenue

$334M

Previous: $303M+10.2%
EPS (adj)

$2.17

Previous: $1.91+13.6%
Net Interest Margin (FTE)

2.4%

No prior period
Return on Average Assets (GAAP)

1.1%

No prior period
Return on Average Common Equity (GAAP)

14.7%

No prior period
Efficiency Ratio (GAAP)

64.0%

Previous: 66.5%-3.7%
Capital Expenditures

-$8.64M

Previous: -$5.96M-45.1%
Free Cash Flow

$97.3M

Previous: $86.7M+12.3%
Net Income

$106M

Previous: $92.6M+14.4%
Operating Income

$309M

Previous: $278M+11.3%
Gross Profit

$328M

Previous: $296M+10.8%
Cash & Equivalents

$6.69B

Previous: $4.19B+59.5%
Total Assets

$40.6B

Previous: $34.7B+17.1%
Stock-Based Comp

$6.16M

Previous: $5.15M+19.6%

Revenue & EPS history

UMB Financial · Revenue · Quarterly

$334M

Q1 2022+10.2%vs Q1 2021
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

UMB Financial · $124M total across 3 segments · Q1 2022

  • Institutional Banking
    $73.3M+7.1%
  • Commercial Banking
    $26.7M+261.6%
  • Personal Banking
    $23.7M-28.4%

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.2%

Avg return

Earnings day

-0.4%

Avg return

5 days after

+2.6%

Avg return

30 days after

55%

38 / 69 earnings

Positive

+8.1%

Q4 2015

Best reaction

-9.6%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%+3.2%+4.7%
Q4 2025+0.0%+2.6%-7.2%
Q3 2025-3.4%-4.4%-1.1%
Q1 2025+3.4%+5.8%+9.0%
Q4 2024+0.8%-6.9%-9.3%
Q3 2024+3.8%+1.1%+17.7%
Q2 2024+4.1%-4.6%+5.0%
Q1 2024-4.2%-0.7%-5.1%
Q4 2023-1.2%-1.5%-2.2%
Q3 2023+2.0%+1.7%+17.2%
Q2 2023+4.6%+1.9%-7.2%
Q1 2023+6.2%+9.8%+2.4%
Q4 2022+1.6%+1.5%+5.4%
Q3 2022-9.6%-9.2%-5.4%
Q2 2022-0.4%-1.4%+1.5%
Q1 2022+0.3%-3.8%-2.6%
Q4 2021-6.8%-4.9%-4.1%
Q3 2021-6.7%-4.7%+3.6%
Q2 2021+5.0%+6.3%+2.5%
Q1 2021+1.2%+1.8%+1.4%
Q4 2020-4.1%-2.8%+18.5%
Q3 2020+0.0%+4.1%+21.9%
Q2 2020+6.4%+6.3%+18.8%
Q1 2020+8.1%+2.2%+9.0%
Q4 2019+3.8%+2.5%-5.8%
Q3 2019+1.0%-1.3%+1.6%
Q2 2019+1.5%-2.4%-6.8%
Q1 2019+3.8%+6.4%-0.9%
Q4 2018-7.2%-5.6%+0.5%
Q3 2018-5.3%-4.9%+1.6%
Q2 2018-7.1%-9.6%-4.5%
Q1 2018+1.4%+1.4%+2.9%
Q4 2017+3.6%+2.7%+0.3%
Q3 2017-1.7%+0.4%-2.7%
Q2 2017-4.7%-4.9%-9.4%
Q1 2017+0.1%-5.7%-7.3%
Q4 2016+5.3%+5.6%+9.5%
Q3 2016-1.2%-2.3%+21.9%
Q2 2016+1.2%-0.1%+7.8%
Q1 2016+3.9%
Q4 2015+8.1%
Q3 2015-1.9%
Q2 2015+0.2%
Q1 2015-3.0%
Q4 2014-7.6%
Q3 2014+4.1%
Q2 2014-0.6%
Q1 2014-0.5%
Q4 2013-6.7%
Q3 2013+2.1%
Q2 2013+1.7%
Q1 2013+5.5%
Q4 2012-3.0%
Q3 2012-3.5%
Q2 2012+2.3%
Q1 2012+1.4%
Q4 2011-0.5%
Q3 2011+1.3%
Q2 2011-6.2%
Q1 2011+0.9%
Q4 2008+1.3%
Q4 2009+1.3%
Q4 2010+1.3%
Q3 2010+5.4%
Q3 2009+5.4%
Q2 2010-1.6%
Q2 2009-1.6%
Q1 2010-1.9%
Q1 2009-1.9%

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