NASDAQ$UMBF
UMB Financial Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
UMB Financial reported strong fourth quarter performance, driven by loan and deposit growth, expanding net interest margin and solid fee income growth. However, results were muted by the FDIC special assessment.
UMB Financial Corporation reported a net income of $70.9 million, or $1.45 per diluted share, for the fourth quarter of 2023. The results include a pre-tax expense of $52.8 million for the industry-wide FDIC special assessment. Net operating income was $112.0 million, or $2.29 per diluted share.
- GAAP net income of $70.9 million, or $1.45 per diluted share.
- Net operating income of $112.0 million, or $2.29 per diluted share.
- Average loans increased 6.3% on a linked-quarter, annualized basis, to $23.1 billion.
- Average deposits increased 17.2% on a linked-quarter, annualized basis, to $32.7 billion.
Headline financials
Revenue & EPS history
UMB Financial · Revenue · Quarterly
$371M
Revenue by segment
UMB Financial · $419M total across 3 segments · Q3 2023
- Commercial Banking$235M+41.1%56.2%
- Institutional Banking$130M-2.3%30.9%
- Personal Banking$54.2M-34.4%12.9%
Forward guidance
Looking ahead into 2024, UMB Financial sees a muted but resilient macro-economic environment, and they remain well-positioned with an attractive average loan-to-deposit ratio of 70.7%, strong capital levels, and a high-quality loan portfolio.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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