UMB Financial Sees Record Earnings in 2025

The Kansas City-based bank posted double-digit loan growth and a 94% year-over-year jump in net interest income.

January 28, 2026

Fourth Quarter Delivers Strong Finish

UMB closed out the year with momentum. In the fourth quarter, the company reported $209.5 million in GAAP net income available to common shareholders—up 75% from the same period last year. Operating earnings reached $235.2 million, or $3.08 per diluted share, marking a step up from the third quarter.

Total revenue came in at $720.9 million, a 66% increase over Q4 2024. Net interest income accounted for $522.5 million of that total, rising 10% from the prior quarter. Margins also improved, with net interest margin climbing to 3.29%, a 25 basis point gain from Q3.

Loan and deposit growth continued to track higher. Average loans reached $38.3 billion, up 13% quarter-over-quarter and more than 50% from the prior year. End-of-period deposits totaled $60.7 billion, supported by a steady rise in noninterest-bearing balances, which helped lower funding costs and expand margins.

Heartland Deal Expands Scale and Reach

UMB’s acquisition of Heartland Financial, completed in January 2025, played a central role in reshaping the company’s balance sheet. By year-end, total assets stood at $73.1 billion, up 45% from 2024. Average deposits rose 51.4% year-over-year, with noninterest-bearing demand deposits accounting for 25.6% of total deposits, up from 24.4% the previous quarter.

Loan growth was broad-based, with strength across commercial real estate, consumer real estate, and credit cards. Alongside organic momentum, the Heartland acquisition added meaningful scale across multiple categories.

Disciplined Expense Management with Room to Invest

Noninterest expense for Q4 totaled $425.6 million, which included $39.7 million in acquisition-related charges. Excluding those one-time items, operating expenses rose slightly, reflecting performance-based compensation, seasonal marketing, and integration activities. The company’s efficiency ratio improved to 55.5% GAAP—or 50.8% on an operating basis.

Asset quality stayed solid. Net charge-offs dropped to 0.13% of average loans, down from 0.20% in Q3. Nonaccrual loans ticked higher but remained modest at 0.37% of total loans.

Capital and Outlook

UMB exited the year with a strong capital position. The Common Equity Tier 1 (CET1) ratio was 10.96%, while the total risk-based capital ratio reached 13.36%, both comfortably above regulatory minimums. Book value per share ended at $97.65, and tangible book value stood at $67.02.

As 2026 begins, UMB is focused on scaling its operations efficiently. With the Heartland integration well underway, improved margins, and disciplined cost control, the company is positioning itself to maintain forward momentum while continuing to invest in client service and operational strength.