UMB Financial Corp (UMBF)
NASDAQ:UMBF
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UMB Financial
(NASDAQ:UMBF)
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Rating:78Outperform
Price Target:
$144.00
â–²(16.51% Upside)
Action:UpgradedDate:05/01/26
The score is driven primarily by strong financial performance trends and a favorable earnings-call outlook (loan growth, improving funding costs, operating leverage and capital build). Technicals are also supportive with strong momentum above key moving averages. Valuation is a relative drag due to a modest yield and an unusable P/E figure, which limits valuation confidence.
Positive Factors
Robust loan growth
Sustained, high-rate loan production expands interest-earning assets and client relationships, underpinning durable net interest income growth. Geographic and product momentum across multiple regions diversifies origination channels and supports longer-term revenue scalability and balance-sheet deployment.
Negative Factors
Reliance on purchase-accounting accretion
A substantial, nonrecurring accretion contribution materially lifted reported NIM and earnings; contractual accretion remains finite (management cites additional scheduled accretion), so margins and reported profitability face structural pressure as those benefits amortize unless offset by organic NIM expansion or fee growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Robust loan growth
Sustained, high-rate loan production expands interest-earning assets and client relationships, underpinning durable net interest income growth. Geographic and product momentum across multiple regions diversifies origination channels and supports longer-term revenue scalability and balance-sheet deployment.
Read all positive factors
UMB Financial (UMBF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$9.84B
Dividend Yield1.37%
Average Volume (3M)551.34K
Price to Earnings (P/E)8.2
Beta (1Y)1.08
Revenue Growth41.57%
EPS Growth41.57%
CountryUS
Employees3,698
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)11.47
Shares Outstanding76,136,590
10 Day Avg. Volume574,415
30 Day Avg. Volume551,341
Financial Highlights & Ratios
PEG Ratio7.50
Price to Book (P/B)1.14
Price to Sales (P/S)1.97
P/FCF Ratio8.93
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue2.94
Enterprise Value/Gross Profit5.19
Enterprise Value/Ebitda12.07
Forecast
1Y Price Target
$147.11Price Target Upside19.03% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering10
EPS Forecast (FY)12.79
Revenue Forecast (FY)$2.95B
UMB Financial Business Overview & Revenue Model
Company Description
UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. The Commercial Banking segment provides commercial loans and credit card; commercial real estate financing;...
How the Company Makes Money
UMB Financial makes money primarily through a mix of net interest income and fee-based (non-interest) income typical of diversified banks.
1) Net interest income (core banking spread): UMB earns interest income from loans and other interest-earni...
UMB Financial Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call presented multiple strong operating and financial positives: robust loan production and linked-quarter loan growth, margin expansion on a core basis, improved deposit funding costs, significant AUA growth and fee momentum, solid capital build and buyback activity, and continued operating leverage and efficiency gains. The primary cautions were muted quarter-to-quarter deposit growth due to seasonality, a meaningful portion of reported NIM tied to purchase-accounting accretion (a nonrecurring benefit), a modest provision tied to loan balance growth, a slight uptick in near-term expenses driven by seasonal and merit-cycle items, and the need to manage external perceptions around private credit exposure. Overall, the highlights materially outweigh the lowlights, reflecting strong organic growth and disciplined execution, with manageable and disclosed headwinds.Positive Updates
Robust Loan Growth and Production
10.8% linked-quarter annualized loan growth driven by $2.3 billion in gross production; period-end loan balances increased by $1.4 billion, supporting growth momentum and pipeline strength across multiple regions.
Negative Updates
Muted Overall Deposit Growth and Seasonality
Average deposits were essentially flat for the quarter. Seasonality (public fund outflows for tax payments) and episodic institutional flows caused quarter-to-quarter variability, limiting deposit growth despite DDA increases on an annualized basis.
Read all updates
Q1-2026 Updates
Positive
Negative
Robust Loan Growth and Production
10.8% linked-quarter annualized loan growth driven by $2.3 billion in gross production; period-end loan balances increased by $1.4 billion, supporting growth momentum and pipeline strength across multiple regions.
Read all positive updates
Company Guidance
Management’s guidance highlighted Q2 operating expense roughly in line with consensus at $383 million and an expected 2026 effective tax rate of 20–22%, with core net interest margin expected to be relatively flat sequentially (reported NIM was 3.38% in Q1; core margin 3.05% excl. the ~33 bps accretion benefit this quarter). They project contractual accretion of about $71 million for the remainder of 2026 and $79 million for 2027 (with almost $600 million of pretax accretion remaining, roughly $6 of EPS and ~100 bps of capital), reaffirm expect positive operating leverage for full‑year 2026 (Q1 operating leverage +0.4% q/q) and an operating efficiency ratio of 47.6% (operating ROTCE +155 bps). Other key metrics and context included CET1 of 11.16% (+20 bps q/q), $2.3 billion of gross loan production driving 10.8% linked‑quarter annualized loan growth (period‑end loans +$1.4B, provision $27M, net charge‑offs 19 bps), Q1 noninterest income $204.8M (adjusted ~ $198M), AUA $565B (+~$20B q/q) with $43B tied to private credit (7.6%, ~$13M annualized fees = 1.6% of annualized Q1 fee income), average customer funding +$702M q/q, cost of total deposits down 19 bps to 2.06% (cost of interest‑bearing deposits down 24 bps to 2.79%) and a blended deposit beta of ~70%.UMB Financial Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
74
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.46B | 4.44B | 2.64B | 2.24B | 1.58B | 1.24B |
| Gross Profit | 2.53B | 2.42B | 1.41B | 1.28B | 1.32B | 1.18B |
| EBITDA | 1.09B | 1.06B | 594.04M | 480.32M | 586.03M | 484.81M |
| Net Income | 882.50M | 702.40M | 441.24M | 350.02M | 431.68M | 353.02M |
Balance Sheet | ||||||
| Total Assets | 72.67B | 73.09B | 50.41B | 44.01B | 38.51B | 42.69B |
| Cash, Cash Equivalents and Short-Term Investments | 735.83M | 952.55M | 16.33B | 12.68B | 8.69B | 21.23B |
| Total Debt | 4.03B | 3.80B | 3.00B | 3.50B | 2.60B | 3.51B |
| Total Liabilities | 64.85B | 65.40B | 46.94B | 40.91B | 35.85B | 39.55B |
| Stockholders Equity | 7.83B | 7.69B | 3.47B | 3.10B | 2.67B | 3.15B |
Cash Flow | ||||||
| Free Cash Flow | 982.54M | 978.11M | 201.08M | 445.69M | 717.84M | 500.39M |
| Operating Cash Flow | 1.03B | 1.03B | 225.29M | 472.60M | 769.55M | 534.08M |
| Investing Cash Flow | -7.63B | -5.62B | -3.26B | -1.27B | -3.85B | -4.24B |
| Financing Cash Flow | 2.78B | 3.92B | 5.96B | 4.77B | -4.58B | 9.42B |
UMB Financial Technical Analysis
Positive
123.59
Price Trends
118.48
Positive
118.60
Positive
115.73
Positive
Market Momentum
1.71
Negative
68.99
Neutral
81.36
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UMBF, the sentiment is Positive. The current price of 123.59 is above the 20-day moving average (MA) of 115.75, above the 50-day MA of 118.48, and above the 200-day MA of 115.73, indicating a bullish trend. The MACD of 1.71 indicates Negative momentum. The RSI at 68.99 is Neutral, neither overbought nor oversold. The STOCH value of 81.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UMBF.
UMB Financial Risk Analysis
UMB Financial disclosed 34 risk factors in its most recent earnings report. UMB Financial reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
UMB Financial Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $9.71B | 8.86 | 14.64% | 2.31% | 3.21% | 39.91% | |
78 Outperform | $9.84B | 8.21 | 11.67% | 1.37% | 41.57% | 41.57% | |
78 Outperform | $10.09B | 10.27 | 11.93% | 1.40% | 6.69% | 17.78% | |
77 Outperform | $9.30B | 9.12 | 9.07% | 2.43% | 33.41% | 11.83% | |
72 Outperform | $9.30B | 9.08 | 13.77% | 2.97% | -1.12% | 25.68% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% |
* Financial Sector Average
UMBF
UMB Financial
129.24
29.71
29.85%
ONB
Old National Bancorp Capital
24.07
3.41
16.50%
BPOP
Popular
149.35
52.33
53.93%
WTFC
Wintrust Financial
149.57
36.21
31.94%
ZION
Zions Bancorporation National Association
63.26
18.27
40.60%
UMB Financial Corporate Events
Executive/Board ChangesShareholder Meetings
UMB Financial shareholders back directors and compensation plans
Positive
Apr 30, 2026
At its annual meeting of shareholders held on April 28, 2026, UMB Financial reported that a quorum was present, with 70,379,421 of 76,136,588 eligible shares represented in person or by proxy. Shareholders elected all 14 director nominees to serve...
Business Operations and StrategyFinancial Disclosures
UMB Financial Delivers Strong First-Quarter 2026 Earnings Surge
Positive
Apr 28, 2026
On April 28, 2026, UMB Financial reported a sharp improvement in first-quarter 2026 results, with GAAP net income available to common shareholders rising to $255.6 million, or $3.35 per diluted share, up 222.3% from a year earlier and 22% from the...
Business Operations and StrategyExecutive/Board Changes
UMB Financial Adopts New Executive Change-in-Control Agreements
Neutral
Feb 10, 2026
On February 9, 2026, UMB Financial Corporation’s Compensation Committee approved new Change in Control Agreements for its named executive officers, establishing severance protections if their employment is terminated without cause or for goo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.