UMB Financial Sees Record Earnings in 2025

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.

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