NASDAQ$UMBF

UMB Financial Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported net income of $137.6 million for the second quarter of 2022.

UMB Financial Corporation reported a strong second quarter with net income of $137.6 million, or $2.83 per diluted share. The results were driven by a 23.3% linked-quarter annualized increase in average loans excluding PPP, strong net interest margin expansion, and continued momentum in fee income businesses.

  • GAAP net income was $137.6 million, or $2.83 per diluted share.
  • Operating pre-tax, pre-provision income (Operating PTPP, a non-GAAP financial measure) was $187.1 million, an increase of 56.7% compared to the first quarter of 2022.
  • Average loan balances increased $1.5 billion, or 8.9% compared to the second quarter of 2021.
  • Noninterest income increased 34.0% as compared to the second quarter of 2021, equal to 44.0% of total revenue.

Headline financials

Total Revenue

$401M

Previous: $333M+20.6%
EPS (adj)

$2.83

Previous: $1.80+57.2%
Net Interest Margin (FTE)

2.6%

Previous: 2.6%+1.6%
Return on Average Assets (GAAP)

1.5%

No prior period
Return on Average Common Equity (GAAP)

20.8%

No prior period
Efficiency Ratio (GAAP)

53.1%

Previous: 60.4%-12.1%
Capital Expenditures

-$16.9M

Previous: -$15.4M-9.7%
Free Cash Flow

$121M

Previous: $72M+67.5%
Net Income

$138M

Previous: $87.4M+57.4%
Operating Income

$333M

Previous: $275M+20.8%
Gross Profit

$388M

Previous: $309M+25.6%
Cash & Equivalents

$2.12B

Previous: $5.45B-61.2%
Total Assets

$37.5B

Previous: $36.6B+2.4%
Stock-Based Comp

$5.74M

Previous: $4.15M+38.2%

Revenue & EPS history

UMB Financial · Revenue · Quarterly

$401M

Q2 2022+20.6%vs Q2 2021
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

UMB Financial · $225M total across 3 segments · Q2 2022

  • Commercial Banking
    $149M+309.7%
  • Personal Banking
    $40.7M+53.9%
  • Institutional Banking
    $35M-49.1%

Forward guidance

No specific forward guidance was provided in the 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 2022

Historical avgQ2 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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