NASDAQ$UMBF

UMB Financial Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Reported third quarter net income of $94.5 million.

UMB Financial Corporation reported a net income of $94.5 million for the third quarter of 2021, compared to $73.1 million in the third quarter of 2020. Excluding PPP, average loans increased 15.3% on a linked quarter annualized basis. Asset quality remained strong, with net charge offs of just seven basis points and a $5.0 million reduction in provision for credit losses. Total revenue increased 9.8% compared to 2020.

  • GAAP net income of $94.5 million, or $1.94 per diluted share; net operating income of $95.1 million, or $1.95 per diluted share.
  • Pre-tax, pre-provision (PTPP) income of $108.8 million, an increase of $9.4 million.
  • Quarterly average loan balances increased $1.0 billion, or 6.5%.
  • Quarterly average deposits grew 22.0% to $29.4 billion.

Headline financials

Total Revenue

$318M

Previous: $297M+6.8%
EPS (adj)

$1.95

Previous: $1.59+22.6%
Return on Average Assets (GAAP)

1.0%

No prior period
Return on Average Common Equity (GAAP)

11.9%

No prior period
Efficiency Ratio (GAAP)

65.6%

Previous: 66.1%-0.8%
Capital Expenditures

-$20.7M

Previous: -$46.8M+55.7%
Free Cash Flow

$73.8M

Previous: $26.3M+180.2%
Net Income

$94.5M

Previous: $73.1M+29.2%
Operating Income

$260M

Previous: $228M+14.3%
Gross Profit

$313M

Previous: $281M+11.1%
Cash & Equivalents

$6.13B

Previous: $2.02B+203.5%
Total Assets

$37.6B

Previous: $30.3B+24.1%
Stock-Based Comp

$4.79M

Previous: $3.74M+28.1%

Revenue & EPS history

UMB Financial · Revenue · Quarterly

$318M

Q3 2021+6.8%vs Q3 2020
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

UMB Financial · $210M total across 3 segments · Q3 2021

  • Commercial Banking
    $144M+540.7%
  • Personal Banking
    $44.6M+60.3%
  • Institutional Banking
    $21.2M-66.2%

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 2021

Historical avgQ3 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro