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UMB Financial Corp (UMBF)
NASDAQ:UMBF
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
2.26Last Year’s EPS
2.47Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 28, 2025
|% Change Since: -12.10%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call for UMB Financial highlights strong financial performance, including record operating income and robust loan and deposit growth. The acquisition of HTLF is a key strategic move with regulatory approvals secured. However, challenges remain with Heartland's financial performance and increased operating expenses. The sentiment is balanced between positive financial achievements and operational challenges related to the acquisition.Company Guidance
During the UMB Financial Fourth Quarter 2024 Financial Results Conference Call, the company provided guidance that highlighted several key metrics and strategic initiatives. UMB announced the acquisition of HTLF, which was approved by the OCC and Fed, and is expected to close by January 31st. The company reported a record annual operating income of $461.7 million and net interest income surpassing $1 billion. For the fourth quarter, UMB achieved GAAP earnings of $120 million, or $2.44 per share, with strong net interest income growth of 8.7% from the previous quarter. The company also reported a 14.8% linked-quarter annualized increase in average loan balances and a 31% increase in average total deposits. UMB highlighted its strong credit quality with a full year net charge-off ratio of just 10 basis points, maintaining a non-performing loan ratio of 0.08% for the quarter. Additionally, UMB's 2024 results included fee income of $628.1 million, demonstrating growth across various segments, including private wealth and institutional assets under administration. The company also reported an improved CET1 ratio of 11.29%, signaling robust capital levels. UMB emphasized its focus on operating leverage and continued investment in growth opportunities, including the integration and optimization of HTLF's operations to achieve strategic and financial synergies.Record Operating Income
UMB Financial reported a record 2024 annual operating income of $461.7 million.
Strong Loan and Deposit Growth
Average loan balances increased 14.8% on a linked-quarter annualized basis, and average total deposits grew $2.7 billion or nearly 31% on a linked-quarter annualized basis.
Regulatory Approval for Acquisition
UMB received approval from the OCC and Fed for the acquisition of HTLF, with the deal expected to close on January 31st.
Fee Income Growth
Fee income reached $628.1 million for the year, with significant contributions from private wealth and institutional asset management.
Improved Credit Quality
Credit quality remained strong with net charge-offs at 14 basis points for the quarter and 10 basis points for the year, and a non-performing loan ratio of 8 basis points.
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UMBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UMBF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 28, 2025 | $121.62 | $122.56 | +0.77% |
| Oct 29, 2024 | $106.32 | $110.78 | +4.19% |
| Jul 30, 2024 | $98.35 | $101.30 | +3.00% |
| Apr 29, 2024 | $82.18 | $76.83 | -6.51% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does UMB Financial Corp (UMBF) report earnings?
UMB Financial Corp (UMBF) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is UMB Financial Corp (UMBF) earnings time?
UMB Financial Corp (UMBF) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UMBF EPS forecast?
UMBF EPS forecast for the fiscal quarter 2025 (Q1) is 2.26.
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