UMB Financial Corporation (UMBF) Earnings
UMB Financial Corporation is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $3.09. UMBF has beaten EPS estimates in 9 of its last 12 reported quarters (average surprise +17.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $2.82 | $3.41 | +20.9% | $739M | +5.3% |
| Jan 27, 2026 | $2.71 | $3.08 | +13.7% | $721M | +2.8% |
| Jul 29, 2025 | $2.35 | $2.96 | +26.0% | $633M | -2.9% |
| Jan 28, 2025 | $2.25 | $2.49 | +10.7% | $394M | -4.4% |
| Jan 30, 2024 | $1.76 | $2.29 | +30.1% | $335M | -7.2% |
| Jul 25, 2023 | $1.93 | $1.85 | -4.1% | $329M | -12.5% |
| Jan 24, 2023 | $1.99 | $2.06 | +3.5% | $340M | -8.5% |
| Jul 26, 2022 | $1.90 | $2.83 | +48.9% | $376M | +8.2% |
| Jan 25, 2022 | $1.85 | $1.61 | -13.0% | $316M | -3.9% |
| Jul 27, 2021 | $1.78 | $1.79 | +0.6% | $323M | -0.3% |
| Jan 26, 2021 | $1.48 | $3.26 | +120.3% | $416M | -26.1% |
| Jul 28, 2020 | $0.37 | $1.26 | +240.5% | $281M | +219.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Mariner Kemper mentioned strong quarter with loan growth, core margin expansion, good credit metrics, and continued momentum in fee businesses. Addressed private credit industry concerns, stating negligible exposure to private credit with high-quality and experienced operators. Capital levels building with March 31 common equity Tier 1 ratio of 11.16%. Positive operating leverage of 6.4% on link quarter basis. - Ram Shankar detailed net interest income components, non-interest income drivers, expense details including merger-related costs and salary/benefits changes, balance sheet drivers like C&I growth and deposit mix, and net interest margin expectations for second quarter.
Guidance
Expect second quarter operating expense to be in line with consensus expectations of $383 million. Second quarter margin expected to be relatively flat as benefits from fixed asset repricing offset by day effect and stable deposit costs and mix shift. Tax rate expected to be between 20% and 22% for 2026. Expect to continue to perform with strong operating leverage, good balance sheet growth, and good margin trajectory.
Segment performance
Loan growth: 10.8% linked quarter annualized loan growth with $2.3 billion in gross production. Core margin: 9 basis points of core margin expansion due to 24 basis point decrease in cost of interest-bearing deposits. Credit metrics: 19 basis points of net charge-off, provision of $27 million driven by $1.4 billion increase in period and loan balances. Fee businesses: Strong contributions from corporate trusts, investment banking, and fund services, with assets under administration increased nearly $20 billion from prior quarter to $565 billion. Net interest income: Included 51 million from purchase accounting adjustments, 15.1 million related to accelerated accretion from early payoffs of acquired loans. Non-interest income: $204.8 million, increase of $6.4 million or 3.2%, driven by fund services, corporate trusts, deposit service charges, investment banking revenue. Expenses: $375.4 million operating non-interest expense, reduction of 4.2% from fourth quarter, driven by salary and benefits, deferred compensation expense changes. Balance sheet: 22% annualized growth in average C&I balances, average deposits essentially flat with mix shift, cost of total deposits down 19 basis points to 2.06%, core margin 3.05% increasing nine basis points sequentially.
Risks & headwinds
Forward-looking statements subject to assumptions, risks, and uncertainties as outlined in SEC filings. Private credit industry concerns could be misperceived, but UMB has negligible exposure with high-quality operators. Deposit growth and mix shift can impact net interest margin. Economic and regulatory changes can affect operating results.
Analyst Q&A
Q: On pipelines, do you expect loan growth to continue and impact from geopolitical risks?
A: Jim Rine said next quarter looks good, loans booked based on strategy, no impact from geopolitical risks seen yet.
Q: On fee income, expectations for going out year?
A: Pipelines strong, fee income businesses like fund services and corporate trust have strong pipelines.
Q: On capital rules and buybacks?
A: Preliminary read on capital rules is net positive, buybacks opportunistic with first use of capital for loans, then acquisitions, then buybacks and dividends.
Q: On core net interest margin guidance for second quarter?
A: Deposit cost stable, no tailwinds from rate cuts, expected margin stable.
Q: On deposit growth muted?
A: Episodic business activity, client count growing, no major disruption.
Q: On private credit exposure impact on fees?
A: No disruption, private investing verticals redistributing money benefiting UMB's fee businesses.
Q: On buybacks as excess capital management?
A: First use of capital for loans, then acquisitions, then opportunistic buybacks.
Q: On efficiency and AI?
A: No magic about 50% efficiency, using technology to improve, AI is use of data to run business better.
Q: On M&A tuck-in deals?
A: Tuck-in deals are smaller, in-market, with granular, low-cost under-leveraged deposits, no desire for big deals changing control.