NASDAQ$UMBF

UMB Financial Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported net income of $73.1 million for the third quarter of 2020.

UMB Financial Corporation reported a net income of $73.1 million, or $1.52 per diluted share, for the third quarter of 2020. This compares to $60.5 million, or $1.26 per diluted share, in the second quarter of 2020 and $62.4 million, or $1.27 per diluted share, in the third quarter of 2019. Pre-tax, pre-provision income was $99.4 million for the third quarter of 2020, compared to $90.2 million for the linked quarter, and $80.5 million for the third quarter of 2019.

  • GAAP net income of $73.1 million, or $1.52 per diluted share; net operating income of $76.4 million, or $1.59 per diluted share.
  • Pre-tax, pre-provision (PTPP) income of $99.4 million, an increase of 10.2% from the linked quarter.
  • Average deposits grew $1.3 billion to $24.1 billion compared to the second quarter of 2020.
  • Credit quality remained strong, with net charge-offs of just 0.13% of average loans.

Headline financials

Total Revenue

$297M

Previous: $272M+9.4%
EPS (adj)

$1.59

Previous: $1.27+25.2%
Efficiency Ratio (GAAP)

66.1%

No prior period
Common Equity Tier 1 Capital Ratio

11.9%

No prior period
Tier 1 Risk-Based Capital Ratio

11.9%

No prior period
Total Risk-Based Capital Ratio

14.2%

No prior period
Tier 1 Leverage Ratio

8.2%

No prior period
Capital Expenditures

-$46.8M

Previous: -$47.7M+2.0%
Free Cash Flow

$26.3M

Previous: $14.7M+79.7%
Net Income

$73.1M

Previous: $62.4M+17.2%
Operating Income

$228M

Previous: $168M+35.5%
Gross Profit

$281M

Previous: $272M+3.5%
Cash & Equivalents

$2.02B

Previous: $793M+154.6%
Total Assets

$30.3B

Previous: $24.1B+25.3%
Stock-Based Comp

$3.74M

Previous: $3.92M-4.7%

Revenue & EPS history

UMB Financial · Revenue · Quarterly

$297M

Q3 2020+9.4%vs Q3 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

UMB Financial · $113M total across 3 segments · Q3 2020

  • Institutional Banking
    $62.7M
  • Personal Banking
    $27.8M
  • Commercial Banking
    $22.5M

Forward guidance

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts.

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 Q3 2020

Historical avgQ3 2020

+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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