UMB Financial (UMBF) investor relations material

Executive summary

• Q2 2026 net income available to common shareholders was $271.8 million ($3.56 per diluted share), up 26.2% year-over-year, with operating return on tangible common equity at 20.3% and efficiency ratio at 48.1%.

• Achieved strong organic loan growth, record fee income, and robust asset quality across commercial, consumer, private wealth, and institutional banking segments.

• Board declared a $0.50 per share dividend, a 16.3% increase, reflecting strong earnings and capital generation.

• Completed Heartland Financial USA, Inc. (HTLF) acquisition in January 2025, adding $16.1B in assets and $9.7B in loans.

• Maintained high credit quality with net charge-offs at 0.16% and nonperforming loans at 0.31%.

Financial highlights

• Net interest income was $532.5 million, up 14.0% year-over-year, with core NII ex. purchase accounting accretion at $496.6 million.

• Noninterest income rose 10.5% year-over-year to $245.5 million, up 19.9% sequentially, driven by investment gains and trust income.

• Operating noninterest expense rose 6% sequentially to $398 million, mainly due to higher salaries, deferred compensation, and operational losses.

• Net interest margin (FTE) was 3.32%, up 22 bps year-over-year.

• Total revenue for the quarter was $778.0 million, up 12.9% year-over-year and 5.3% sequentially.

Outlook and guidance

• Management expects continued organic loan growth, supported by a flexible balance sheet and strong capital position.

• Fee income expected to remain strong, supported by private investment gains and fund services.

• Net interest income is expected to benefit from favorable deposit repricing and loan growth, but market conditions may impact future results.

• Deposit balances likely to be at a seasonal low in Q3, with anticipated rebound in the second half of the year.

• Interest rate sensitivity remains favorable, with 76% of loans repricing within 12 months.