NASDAQ$UMBF

UMB Financial Corp · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

UMB Financial reported fourth quarter net income and net operating income.

UMB Financial Corporation reported a strong fourth quarter in 2024, with net income reaching $120.0 million, or $2.44 per diluted share, and net operating income of $122.6 million, or $2.49 per diluted share. The quarter was marked by significant increases in average loans and deposits, alongside strong credit quality and disciplined expense management. The company also highlighted its upcoming merger with Heartland Financial, slated for January 31, 2025.

  • GAAP net income was $120.0 million, or $2.44 per diluted share.
  • Net operating income reached $122.6 million, or $2.49 per diluted share.
  • Average loans increased by 14.8% on a linked-quarter, annualized basis, reaching $25.3 billion.
  • Average deposits increased by 30.9% on a linked-quarter, annualized basis, totaling $38.0 billion.

Headline financials

Total Revenue

$434M

Previous: $371M+17.1%
EPS (adj)

$2.49

Previous: $2.29+8.7%
Net Interest Margin (FTE)

2.6%

Previous: 2.5%+4.5%
Return on Average Assets (GAAP)

1.1%

Previous: 0.7%+53.6%
Return on Average Common Equity (GAAP)

13.5%

Previous: 9.5%+42.1%
Efficiency Ratio (GAAP)

61.8%

Previous: 77.7%-20.4%
Net Loan Charge-offs % of Avg Loans

0.1%

No prior period
Loans Over 90 Days Past Due % of Total Loans

0.0%

No prior period
Nonaccrual & Restructured Loans % of Total Loans

0.1%

No prior period
Common Equity Tier 1 Capital Ratio

11.3%

Previous: 10.9%+3.2%
Tier 1 Risk-Based Capital Ratio

11.3%

Previous: 10.9%+3.2%
Total Risk-Based Capital Ratio

13.2%

Previous: 12.8%+2.8%
Tier 1 Leverage Ratio

8.5%

Previous: 8.5%+0.1%
Book Value Per Common Share

$71.02

No prior period
Tangible Book Value Per Common Share

$65.46

No prior period
Capital Expenditures

-$10.2M

Previous: $3.78M-369.5%
Net Income

$120M

Previous: $70.9M+69.2%
Operating Income

$167M

Previous: $80.8M+106.6%

Revenue & EPS history

UMB Financial · Revenue · Quarterly

$434M

Q4 2024+17.1%vs Q4 2023
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

UMB Financial · $419M total across 3 segments · Q3 2023

  • Commercial Banking
    $235M+41.1%
  • Institutional Banking
    $130M-2.3%
  • Personal Banking
    $54.2M-34.4%

Forward guidance

UMB Financial Corporation is set to close its merger with Heartland Financial on January 31, 2025, pending necessary approvals.

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 2024

Historical avgQ4 2024

+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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