NASDAQ$UMBF

UMB Financial Corp · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

UMB Financial reported second quarter net income, demonstrating benefits from diverse business model and validating investment thesis with above-peer loan growth and strong fee income.

UMB Financial Corporation reported a net income of $87.4 million for the second quarter of 2021, with earnings per diluted share at $1.79. The results reflect an increase compared to the second quarter of 2020, driven by growth in average loans and deposits, and an increase in noninterest income. The board of directors also announced a 15.6% increase in the quarterly cash dividend.

  • GAAP net income was $87.4 million, or $1.79 per diluted share.
  • Pre-tax, pre-provision (PTPP) income was $131.3 million, an increase of $41.2 million.
  • Quarterly average loan balances increased $1.7 billion, or 11.4%.
  • Quarterly average deposits grew 22.0% to $27.8 billion.

Headline financials

Total Revenue

$333M

Previous: $299M+11.4%
EPS (adj)

$1.80

Previous: $1.33+35.3%
Net Interest Margin (FTE)

2.6%

Previous: 2.8%-8.2%
Efficiency Ratio (GAAP)

60.4%

Previous: 70.2%-13.9%
Capital Expenditures

-$15.4M

Previous: -$35.4M+56.5%
Free Cash Flow

$72M

Previous: $25.2M+186.2%
Net Income

$87.4M

Previous: $60.5M+44.4%
Operating Income

$275M

Previous: $241M+14.1%
Gross Profit

$309M

Previous: $277M+11.4%
Cash & Equivalents

$5.45B

Previous: $2.15B+153.7%
Total Assets

$36.6B

Previous: $29.8B+23.1%
Stock-Based Comp

$4.15M

Previous: $3.29M+26.1%

Revenue & EPS history

UMB Financial · Revenue · Quarterly

$333M

Q2 2021+11.4%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

UMB Financial · $132M total across 3 segments · Q2 2021

  • Institutional Banking
    $68.7M
  • Commercial Banking
    $36.4M
  • Personal Banking
    $26.5M

Forward guidance

No specific forward guidance mentioned in the provided document.

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 Q2 2021

Historical avgQ2 2021

+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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