UMB Financial Past Earnings Performance
Past criteria checks 5/6
UMB Financial has been growing earnings at an average annual rate of 11.4%, while the Banks industry saw earnings growing at 2.8% annually. Revenues have been growing at an average rate of 13.2% per year. UMB Financial's return on equity is 11.3%, and it has net margins of 31.5%.
Key information
11.41%
Earnings growth rate
2.91%
EPS growth rate
| Banks Industry Growth | 11.18% |
| Revenue growth rate | 13.24% |
| Return on equity | 11.28% |
| Net Margin | 31.51% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 12
UMBF: Loan Tailwinds And Capital Return Are Expected To Drive Future Upside
UMB Financial's updated analyst price target has shifted from $142.83 to $147.08, with analysts pointing to recent target revisions across major firms and modest tweaks to fair value, discount rate, revenue growth, profit margin and future P/E assumptions as key drivers of the change. Analyst Commentary Recent Street research shows a mix of optimism and caution around UMB Financial, with several firms adjusting price targets in both directions and one new bullish initiation.Seeking Alpha • Apr 29
UMB Financial: Momentum Accelerates In A Strong Q1
Summary UMB Financial remains a "Buy" as Heartland acquisition synergies and disciplined cost management drive accelerated earnings growth. Q1 adjusted EPS of $3.41 beat consensus by $0.59, with strong loan growth, improving deposit mix, and robust credit quality underpinning performance. UMBF's conservative underwriting limits private credit risk, while its securities portfolio reinvestment and capital strength support further margin expansion. With EPS estimates raised to $12.50 for 2026 and a new buyback authorization, UMBF is poised to surpass $140 per share this year. Read the full article on Seeking AlphaNarrative Update • Apr 23
UMBF: Loan Tailwinds And Capital Return Are Expected To Support Upside
The latest Narrative Update on UMB Financial reflects a revised Street price target, with recent changes ranging from cuts of up to $20 to increases of up to $18, as analysts weigh earlier optimism on midcap banks against fresh views on loan growth, net interest margin and capital return. Analyst Commentary Recent Street research on UMB Financial shows a split tape, with some firms lifting price targets and others cutting them, as views differ on how much upside remains after earlier optimism on midcap banks and on how execution around loan growth, net interest margin and capital return might translate into returns for shareholders.Narrative Update • Apr 09
UMBF: Loan Tailwinds And Stable Fundamentals Will Support Future Upside
Analysts have trimmed the UMB Financial price target slightly, with fair value moving from about $144.23 to $142.83 as they balance more optimistic revenue growth assumptions against lower profit margin expectations and a modestly higher future P/E. Analyst Commentary Recent research looks mixed, with several firms lifting price targets over the last few months while others have cut back more recently.Narrative Update • Mar 26
UMBF: Loan And Capital Return Tailwinds Will Support Future Upside
The analyst price target for UMB Financial is now $144, down from about $146, as analysts balance earlier target increases across regional bank peers with slightly adjusted fair value and discount rate assumptions for the stock. Analyst Commentary Recent Street research on UMB Financial shows a mix of optimism on fundamentals and valuation support, alongside some moderating views on upside as expectations reset.Narrative Update • Mar 10
UMBF: Loan Growth And Capital Return Will Support Future Upside
The updated analyst price target for UMB Financial edges higher, with our fair value estimate moving slightly to $145.77. Analysts point to constructive views on midcap banks, supported by expectations around loan growth, net interest margin and capital return.Narrative Update • Feb 24
UMBF: Stable Fundamentals And Dovish Fed Will Support 2026 Upside
Analysts have inched their blended price target for UMB Financial higher by about $0.20 to roughly $145.62, reflecting a series of recent target increases across Wall Street that are tied to updated views on fair value, discount rates, and expected P/E multiples. Analyst Commentary Street research on UMB Financial has centered on recalibrating price targets, with several firms updating their views around earnings expectations, discount rates, and assumed P/E multiples.Narrative Update • Feb 08
UMBF: Stable Fundamentals And Dovish Fed Expectations Will Shape 2026 Upside
Analysts lifted their price target on UMB Financial by about $7 to $145.42, citing updated views on fair value, profitability, and the future price-to-earnings ratio, supported by a recent series of target increases from multiple research firms. Analyst Commentary Recent research on UMB Financial shows a cluster of higher price targets, with most firms updating their views around the same time and focusing on fair value, earnings power, and how the shares are priced relative to expected profits.Narrative Update • Jan 24
UMBF: Stable Regional Conditions And Dovish Fed Outlook Will Support Upside
Analysts have nudged their price targets on UMB Financial higher, with one firm moving to $134 and another to $142, citing expectations for relatively stable regional bank conditions, strengthening loan and revenue trends, and supportive earnings drivers ahead. Analyst Commentary Recent research updates highlight a generally constructive view on UMB Financial, with price targets clustered in the low to mid $100s and comments centered on regional bank stability, loan trends, and upcoming earnings.Narrative Update • Jan 08
UMBF: Repricing Tailwinds And Dovish Fed Expectations Will Support Confidence Through 2026
Narrative Update: UMB Financial Analysts trimmed their UMB Financial price target by US$7 to US$142, pointing to updated Q4 bank expectations that factor in balance sheet growth, repricing tailwinds, and the potential for a more dovish Federal Reserve chair in 2026. Analyst Commentary Recent research reflects a mix of optimism about UMB Financial's setup for Q4 and 2026, alongside a bit more caution on valuation as seen in the lower price target.Narrative Update • Dec 14
UMBF: Stable Margins And Dividend Will Support Confidence Through 2026
Narrative Update on Analyst Price Target Analysts have modestly raised their price target on UMB Financial to approximately $138 per share, citing a slightly lower discount rate and steady expectations for double digit revenue growth and robust profit margins. What's in the News Board declares a cash dividend of $0.43 per share on UMB Financial common stock, payable January 2, 2026, to shareholders of record on December 10, 2025 (company announcement) Third quarter 2025 net charge offs rise to $18.4 million, more than double the $8.5 million reported a year earlier, signaling some credit quality pressure (company filing) Company reports no share repurchases from July 1, 2025 to September 30, 2025, leaving the April 29, 2025 buyback authorization effectively unused (company filing) Valuation Changes Fair Value Estimate remains essentially unchanged at approximately $138 per share, indicating no material revision to the intrinsic value assessment.Narrative Update • Nov 29
UMBF: Continued Momentum In Legacy Operations Will Build Confidence Through 2026
Analysts have raised their price target for UMB Financial by $14, citing stronger expected growth in key segments and continued momentum in legacy business operations. Analyst Commentary Analysts have provided nuanced commentary regarding UMB Financial’s prospects following the recent price target increase.Narrative Update • Nov 15
UMBF: Legacy Business Momentum Will Drive Renewed Confidence Ahead
Analysts have raised their price target for UMB Financial from $130 to $144, citing slightly improved profit and revenue growth projections as well as renewed momentum in legacy operations. Analyst Commentary Recent research notes on UMB Financial reflect both optimism and caution in light of the price target increase and updated growth projections.Narrative Update • Nov 01
UMBF: Heartland Turnaround Will Accelerate Profit Margin Gains Into 2026
Analysts have modestly lowered their price target for UMB Financial by about $2 to $137.54. They cite improved profit margins but reduced revenue growth expectations based on updated earnings outlooks and ongoing momentum in core business segments.Narrative Update • Oct 17
Heartland Integration And Midwest Expansion Will Deliver Efficiency Improvements
Analysts have raised their price target for UMB Financial by $1.63 to $139.38, citing a modest improvement in growth expectations and continued momentum in the company's core business. Analyst Commentary Bullish Takeaways Bullish analysts highlight the increase in the 2026 operating EPS estimate, now anticipated at $11.75.Narrative Update • Oct 03
Heartland Integration And Midwest Expansion Will Deliver Efficiency Improvements
Analysts have increased their price target for UMB Financial from $133 to $137.75, citing modest improvements in revenue growth, an improving operating environment, and ongoing positive momentum in core business segments. Analyst Commentary Recent research notes reveal a predominantly optimistic outlook for UMB Financial, with multiple price target increases and positive commentary surrounding the company’s growth trajectory, operating environment, and earnings estimates.Seeking Alpha • Dec 28
UMB Financial: Loan Quality And M&A Make Shares Attractive
Summary UMB Financial shares gained over 35% in 2024, driven by strong credit quality, deposit growth, and a pending acquisition of Heartland Financial. UMB's smaller size offers a lighter regulatory burden, aiding its community-centric approach and strong loan book, with substantial excess liquidity and robust credit quality. Fixed reinvestment and the Heartland acquisition are expected to boost earnings, with potential EPS over $10.50 in 2025, making shares attractive at 10.8x forward earnings. I remain a buyer, expecting UMBF to trade closer to 12x earnings, pushing shares towards $126-130, up about 12% next year. Read the full article on Seeking AlphaSeeking Alpha • Oct 01
UMB Financial: Good Value For The Conservative Investor
Summary Shares of Missouri-based UMB Financial have recovered most of their lost ground over the past 12 months. This bank has typically excelled on asset quality, meaningfully outperforming the industry in terms of net charge-offs. The deal to acquire Heartland Financial looks solid from UMB's perspective, pointing to strong EPS growth ahead. At less than 12x consensus 2024 EPS, these shares look like good value, especially for the more conservative investor. Read the full article on Seeking Alpha
New Narrative • Aug 30
Heartland Merger And Diversified Services To Propel Growth Amidst Analysts' Mixed Projections
Merger with Heartland Financial is poised to boost UMB's service range, potentially escalating revenues through synergies and enlarged market footprint.Seeking Alpha • Aug 01
UMB Financial: Loan Quality Remains A Differentiator
Summary UMB Financial stock rallied 3% after strong Q2 results, up 47% for the year, as it has weathered the downturn in CRE loan quality exceptionally well. Deposit growth has been strong and despite higher deposit costs, its focus on institutional clients should generate further growth. Loan quality has been stellar, with low delinquencies and its conservative lending model blunting CRE risk, making UMB well-positioned for potential credit losses. With over $10 in pro forma 2025 earnings, shares continue to be attractive. Read the full article on Seeking AlphaRevenue & Expenses Breakdown
Revenue & Expenses Breakdown
How UMB Financial makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 2,732 | 861 | 1,348 | 0 |
| 31 Dec 25 | 2,498 | 685 | 1,362 | 0 |
| 30 Sep 25 | 2,217 | 595 | 1,271 | 0 |
| 30 Jun 25 | 1,947 | 524 | 1,153 | 0 |
| 31 Mar 25 | 1,657 | 410 | 1,032 | 0 |
| 31 Dec 24 | 1,568 | 441 | 912 | 0 |
| 30 Sep 24 | 1,524 | 392 | 881 | 0 |
| 30 Jun 24 | 1,486 | 379 | 860 | 0 |
| 31 Mar 24 | 1,461 | 368 | 851 | 0 |
| 31 Dec 23 | 1,421 | 350 | 846 | 0 |
| 30 Sep 23 | 1,412 | 379 | 849 | 0 |
| 30 Jun 23 | 1,401 | 371 | 852 | 0 |
| 31 Mar 23 | 1,438 | 418 | 826 | 0 |
| 31 Dec 22 | 1,430 | 432 | 808 | 0 |
| 30 Sep 22 | 1,389 | 410 | 797 | 0 |
| 30 Jun 22 | 1,372 | 416 | 778 | 0 |
| 31 Mar 22 | 1,293 | 366 | 772 | 0 |
| 31 Dec 21 | 1,263 | 353 | 764 | 0 |
| 30 Sep 21 | 1,360 | 431 | 756 | 0 |
| 30 Jun 21 | 1,319 | 409 | 750 | 0 |
| 31 Mar 21 | 1,287 | 383 | 756 | 0 |
| 31 Dec 20 | 1,161 | 287 | 743 | 0 |
| 30 Sep 20 | 1,024 | 197 | 739 | 0 |
| 30 Jun 20 | 1,007 | 186 | 730 | 0 |
| 31 Mar 20 | 990 | 182 | 716 | 0 |
| 31 Dec 19 | 1,065 | 244 | 717 | 0 |
| 30 Sep 19 | 993 | 203 | 693 | 0 |
| 30 Jun 19 | 974 | 198 | 684 | 0 |
| 31 Mar 19 | 957 | 196 | 669 | 0 |
| 31 Dec 18 | 941 | 196 | 657 | 0 |
| 30 Sep 18 | 979 | 218 | 654 | 0 |
| 30 Jun 18 | 967 | 209 | 644 | 0 |
| 31 Mar 18 | 957 | 199 | 642 | 0 |
| 31 Dec 17 | 941 | 183 | 635 | 0 |
| 30 Sep 17 | 917 | 179 | 618 | 0 |
| 30 Jun 17 | 899 | 170 | 613 | 0 |
| 31 Mar 17 | 883 | 161 | 603 | 0 |
| 31 Dec 16 | 865 | 154 | 597 | 0 |
| 30 Sep 16 | 865 | 140 | 602 | 0 |
| 30 Jun 16 | 866 | 123 | 619 | 0 |
| 31 Mar 16 | 861 | 117 | 624 | 0 |
| 31 Dec 15 | 767 | 97 | 569 | 0 |
| 30 Sep 15 | 844 | 113 | 619 | 0 |
| 30 Jun 15 | 837 | 127 | 596 | 0 |
Quality Earnings: UMBF has high quality earnings.
Growing Profit Margin: UMBF's current net profit margins (31.5%) are higher than last year (24.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: UMBF's earnings have grown by 11.4% per year over the past 5 years.
Accelerating Growth: UMBF's earnings growth over the past year (109.8%) exceeds its 5-year average (11.4% per year).
Earnings vs Industry: UMBF earnings growth over the past year (109.8%) exceeded the Banks industry 22.8%.
Return on Equity
High ROE: UMBF's Return on Equity (11.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/21 02:58 |
| End of Day Share Price | 2026/05/21 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
UMB Financial Corporation is covered by 17 analysts. 10 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Jared David Shaw | Barclays |
| Brandon Berman | BofA Global Research |
| Benjamin Gerlinger | Citigroup Inc |