RealSource REIT’s NAV Rises to $13.20 Per Share
The banking group will distribute $0.4453125 per depositary share as part of its continued commitment to preferred shareholders.
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Satori Capital is a Dallas-based investment firm specializing in sustainable and responsible private equity and alternative investments.
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UMB Reports Strong Q3 Earnings
October 29, 2025
UMB Financial Posts Record Q3 2025 Results with Major Growth Milestones
UMB’s third-quarter results show the impact of a year spent building momentum. The company completed its systems integration of Heartland Financial USA, Inc. (HTLF) in October—hitting a major post-acquisition milestone—and continued to drive growth across loans, deposits, and revenue.
GAAP net income available to common shareholders reached $180.4 million, or $2.36 per diluted share, up 64.5% from the same quarter last year. On a non-GAAP basis, operating income rose to $206.5 million, or $2.70 per share—an 87.2% increase year-over-year.
Growth fueled by HTLF and organic expansion
The HTLF acquisition is showing up clearly on the balance sheet. Average loans hit $37.1 billion, up more than 52% from Q3 2024. End-of-period deposits closed at $60.1 billion, a 60.8% jump year-over-year. These gains reflect both acquired balances and continued organic growth across UMB’s markets.
Revenue followed suit. Net interest income rose to $475 million, up 92% from the prior year. The bank’s net interest margin came in at 3.04%, down six basis points from the prior quarter, impacted by higher-cost deposit mix and lower loan accretion. Even so, average earning assets climbed $1.7 billion during the quarter, adding to the upside.
Diversified income and disciplined expense control
UMB continues to benefit from a balanced revenue model. Noninterest income totaled $203.3 million, up 28.1% from the prior year. Growth in trust and securities processing, deposit service charges, and bankcard fees offset lower investment gains compared to the second quarter.
Expenses came in at $419.3 million. That figure includes $35.6 million in acquisition and one-time costs. Backing those out, operating expenses grew just 1.3% from the prior quarter. The bank’s efficiency ratio improved to 58.1%, while the non-GAAP operating efficiency ratio tightened further to 53.0%.
