UMB Financial
Combines commercial and personal banking with fund servicing, custody, trust, and healthcare payments.
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Profile
Provides commercial and personal banking across markets from Illinois to California, while Institutional Banking serves fund managers, bond issuers, employers, and financial intermediaries with fund administration, custody, corporate trust, and healthcare payments. Revenue combines lending spreads with service and transaction fees.
Operates Commercial Banking, Institutional Banking, and Personal Banking through UMB Bank and related subsidiaries. Commercial Banking supplies loans, deposits, treasury management, and specialty financing; Personal Banking adds retail accounts, consumer credit, mortgages, and private wealth services across markets stretching from Illinois to California.
Generates fee income through Institutional Banking, which includes UMB Fund Services, corporate trust, custody, capital markets, and healthcare payment solutions. Fund Services handles administration, accounting, transfer agency, and investor services, while Healthcare Services provides HSA custody and multipurpose benefit cards to employers and intermediaries.
Earnings combine net interest income from loans and deposits with fees from asset servicing, trust, cards, and payments. Results depend on credit quality, deposit funding and pricing, interest-rate conditions, financial markets, and regulation by banking and securities authorities.
Company facts
Categories
Key statistics
Year to date +24.0% · Average volume (30d) 556.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 27, 2026 | Raymond James | Target | $145 | $165 | |
| Aug 10, 2026 | Wells Fargo | Reiterate | Equal Weight | $139 | $160 |
| Aug 4, 2026 | Truist Financial | Target | $161 | $170 | |
| Aug 3, 2026 | Barclays | Reiterate | Overweight | $170 | $175 |
| Jul 30, 2026 | RBC Capital | Reiterate | Outperform | $142 | $170 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $3.12 | $3.57 | +14.4% | $727.6M | $778.0M | +6.9% | +2.98% |
| Apr 28, 2026Q1 FY26 | $2.82 | $3.41 | +20.9% | $701.8M | $739.2M | +5.3% | −0.90% |
| Jan 27, 2026Q4 FY25 | $2.71 | $3.08 | +13.7% | $677.8M | $720.9M | +6.4% | −0.16% |
| Oct 28, 2025Q3 FY25 | $2.50 | $2.70 | +8.0% | $661.6M | $1.09B | +64.4% | −3.21% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $850.5M | $1.02B | $1.49B | $1.09B | $867.1M | $1.12B | |
| Gross profit | $424.2M | $612.2M | $660.4M | $720.9M | $534.4M | $750.0M | |
| Operating income | $93.1M | $275.0M | $236.6M | $295.3M | $126.5M | $350.4M | |
| Net income | $81.3M | $217.4M | $188.3M | $215.4M | $261.4M | $277.6M | |
| Diluted EPS | $1.21 | $2.82 | $2.36 | $2.74 | $3.35 | $3.56 | |
| Gross margin | 49.9% | 60.2% | 44.3% | 66.4% | 61.6% | 67.2% | |
| Operating margin | 10.9% | 27.1% | 15.9% | 27.2% | 14.6% | 31.4% |
Fiscal years (4-quarter sums)FY21 $1.24B · FY22 $1.58B · FY23 $2.24B · FY24 $2.64B · FY25 $4.44B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $779.9M · Total debt $3.56B · Total assets $72.26B · Shareholders' equity $8.03B
Dividends
Raised for 38 straight years — most recently to $0.43 from $0.40 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 10, 2026 | Jun 10 | Jul 1 | $0.43 | |
| Mar 10, 2026 | Mar 10 | Apr 1 | $0.43 | |
| Dec 10, 2025 | Dec 10 | Jan 2 | $0.43 | raised from $0.40 |
| Sep 10, 2025 | Sep 10 | Oct 1 | $0.40 | |
| Jun 10, 2025 | Jun 10 | Jul 1 | $0.40 | |
| Mar 10, 2025 | Mar 10 | Apr 1 | $0.40 | |
| Dec 10, 2024 | Dec 10 | Jan 2 | $0.40 | raised from $0.39 |
| Sep 10, 2024 | Sep 10 | Oct 1 | $0.39 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 75.95M · Float 72.24M · 95.1% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 10.22M | 13.45% | 13F | Aug 7, 2026 |
| Umb Bank, N.A. | 4.67M | 6.16% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 4.21M | 5.55% | 13F | Aug 13, 2026 |
| State Street Corp | 4.13M | 5.44% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 3.13M | 4.12% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Thomas S. Terry | officer: Chief Credit Officer | −5,713 | $151.77 |
| Aug 17, 2026 | Ram Shankar | officer: Chief Financial Officer | −2,000 | $151.61 |
| Aug 6, 2026 | Susan G. Murphy | director | −1,377 | $145.55 |
| Aug 5, 2026 | David Carl Odgers | officer: Chief Accounting Officer | −145 | $147.30 |
| Aug 4, 2026 | J. Mariner Kemper | director, officer: Chairman and CEO | −15,062 | $148.55 |
Peers
- Commerce Bancshares
Head-to-head in Kansas City commercial banking, treasury, and wealth.
- BOK Financial
Overlapping Midwest/Southwest footprint with rival corporate trust and wealth.
- HealthEquity
Dominant HSA specialist competing for employer accounts and payment volume.
- Cullen/Frost Bankers
Texas-only rival in C&I, CRE, treasury, and private wealth management.
- Zions Bancorporation
Western/Southwest super-regional overlapping in CO, TX, AZ, NM, UT markets.
- Old National Bancorp
5th-largest Midwest-HQ bank competing in IL, MN, WI commercial and wealth.
- WEX
HSA platform and healthcare payments tech competing for employer accounts.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| UMB Financial | $144.59 | +0.07% | $10.98B | 12.0 | 11.0 | 2.4 | +22.9% |
| Commerce Bancshares | $58.04 | +0.02% | $8.46B | 14.1 | 13.1 | 3.9 | +11.9% |
| BOK Financial | $135.14 | −1.69% | $8.35B | 12.9 | 13.3 | 2.5 | +4.8% |
| HealthEquity | $96.98 | +0.64% | $8.06B | 34.8 | 19.1 | 5.9 | +7.6% |
| Cullen/Frost Bankers | $161.69 | −0.01% | $10.05B | 15.3 | 14.3 | 3.8 | +9.4% |
| Zions Bancorporation | $67.78 | −0.01% | $9.89B | 8.6 | 10.3 | 1.9 | +4.8% |
| Old National Bancorp | $25.85 | +0.02% | $9.89B | 11.4 | 9.5 | 2.5 | +12.3% |
| WEX | $197.32 | −0.03% | $6.72B | 19.7 | 9.7 | 2.4 | +14.2% |
| Median | 14.1 | 13.1 | 2.5 | +9.4% |