Earnings release
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Exhibit 99.1 UMB Financial Corporation News Release 1010 Grand Boulevard Kansas City, MO 64106 816.860.7000 umb.com //FOR IMMEDIATE RELEASE// Media Contact: Stephanie Hollander: 816.729.1027 Investor Relations Contact: Kay Gregory: 816.860.7106 UMB Financial Corporation Reports Third Quarter 2026 Results Third Quarter 2026 Financial Highlights • GAAP net income available to common shareholders of $272.3 million, or $3.56 per diluted common share, an increase of 51.0% as compared to the third quarter of 2025. • Net operating income available to common shareholders(i) of $272.4 million, or $3.56 per diluted common share, an increase of 31.9% as compared to the third quarter of 2025. • Third quarter revenue totaled $772.4 million, a 13.9% increase as compared to the third quarter of 2025. • Net interest income of $540.0 million, an increase of 13.7% as compared to the third quarter of 2025. • Net interest margin on a fully taxable equivalent basis of 3.32%, up 28 basis points from the third quarter of 2025. • Noninterest income increased 14.3% to $232.4 million compared to the third quarter of 2025. • Third quarter 2026 return on average assets of 1.53% and return on average common equity of 13.83%. • GAAP efficiency ratio improved to 48.71% as compared to 58.09% in the third quarter of 2025. • Average loans increased 11.1% on a linked-quarter, annualized basis to $41.7 billion; average loans increased $4.6 billion, or 12.4%, as compared to the third quarter of 2025. End-of-period loans were $42.5 billion at September 30, 2026. o Average commercial and industrial loan balances increased 21.5% on a linked-quarter, annualized basis to $18.5 billion, and increased 24.9% from the third quarter of 2025. o In the third quarter of 2026, total gross loan production was $3.1 billion, compared to $2.6 billion in the linked quarter. • Average deposits increased 4.4% on a linked-quarter, annualized basis to $58.2 billion; average deposits increased $1.5 billion, or 2.6% compared to the third quarter of 2025. • Net charge-offs for the third quarter of 2026 totaled $14.0 million, equal to 13 basis points of average loans; nonperforming loans improved to 28 basis points of total loans, from 31 basis points at June 30, 2026. (i) A non-GAAP financial measure reconciled later in this release to the nearest comparable GAAP measure. KANSAS CITY, Mo. (October 27, 2026) – UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income available to common shareholders for the third quarter of 2026 of $272.3 million, or $3.56 per diluted share, compared to $271.8 million, or $3.56 per diluted share, in the second quarter of 2026 (linked quarter) and $180.4 million, or $2.36 per diluted share, in the third quarter of 2025.
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Net operating income available to common shareholders, a non-GAAP financial measure reconciled later in this release to net income available to common shareholders, the nearest comparable GAAP measure, was $272.4 million, or $3.56 per diluted share, for the third quarter of 2026, compared to $273.0 million, or $3.57 per diluted share, for the linked quarter and $206.5 million, or $2.70 per diluted share, for the third quarter of 2025. Operating pre-tax, pre-provision income (operating PTPP), a non-GAAP measure reconciled later in this release to the components of net income before taxes, the nearest comparable GAAP measure, was $373.0 million, or $4.88 per diluted share, for the third quarter of 2026, compared to $380.1 million, or $4.97 per diluted share, for the linked quarter, and $293.4 million, or $3.84 per diluted share, for the third quarter of 2025. These operating PTPP results represent a 1.8% decrease on a linked-quarter basis and a 27.2% increase compared to the third quarter of 2025. “Our third-quarter results demonstrate the strong momentum across UMB’s diversified lines of business, reflected in robust balance sheet and fee income growth, strong asset quality metrics, and a stable net interest margin that together produced superior risk-adjusted returns,” said Mariner Kemper, UMB Financial Corporation chairman and chief executive officer. “Gross loan production reached a record $3.1 billion during the quarter, while net loan growth, after payoffs and paydowns, totaled $1.4 billion. Average commercial and industrial loan balances increased approximately 22% on a linked-quarter annualized basis, driving an 11% annualized increase in total average loans compared with the prior quarter. Our asset quality also improved, as of September 30, 2026, nonperforming loans declined approximately $10 million to $118 million, or 28 basis points of total loans, compared to 31 basis points as of June 30, 2026.” Kemper continued, “While persistent inflation, the conflict in the Middle East, and higher short- and long-term interest rates may create headwinds, customer sentiment and demand for business investment across our markets and business lines remain strong, as demonstrated by our record third quarter production. We believe UMB’s interest-rate-neutral balance sheet and diversified financial services model position us well to navigate the anticipated environment. This includes a continued focus on innovation and evolution, most recently demonstrated in our Fund Services division with the continued expansion of its exchange-traded fund (ETF) servicing business, which now offers a fully in-house operating model that provides asset managers with flexible ETF servicing solutions and seamless support.” “We remain focused on growing both sides of the balance sheet, maintaining a consistent net interest spread, preserving strong asset quality, and continued momentum in our fee businesses.” Third quarter 2026 earnings discussion Note: The acquisition of Heartland Financial USA, Inc. (HTLF) closed on January 31, 2025; as such, financial results for the fiscal periods since that date include the impact from the acquired operations. Financial results for the year-to-date 2025 include only eight months of impact of the acquired operations of HTLF.
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Summary of quarterly financial results UMB Financial Corporation (unaudited, dollars in thousands, except per common share data) Q3 Q2 Q3 2026 2026 2025 Net income (GAAP) $ 278,085 $ 277,570 $ 188,316 Net income available to common shareholders (GAAP) 272,272 271,758 180,372 Earnings per common share - diluted (GAAP) 3.56 3.56 2.36 Operating pre-tax, pre-provision income (Non-GAAP) 373,043 380,071 293,383 Operating pre-tax, pre-provision earnings per common share - diluted (Non- GAAP) 4.88 4.97 3.84 Operating pre-tax, pre-provision income - FTE (Non-GAAP) 381,727 388,903 301,697 Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP) 4.99 5.09 3.95 Net operating income available to common shareholders (Non-GAAP) 272,357 273,030 206,546 Operating earnings per common share - diluted (Non-GAAP) 3.56 3.57 2.70 GAAP Return on average assets 1.53% 1.55% 1.04% Return on average common equity 13.83 14.16 10.14 Efficiency ratio 48.71 48.35 58.09 Non-GAAP Operating return on average assets 1.53% 1.56% 1.20% Operating return on average common equity 13.84 14.22 11.61 Operating efficiency ratio 48.69 48.14 53.02 (i) See reconciliation of Non-GAAP measures to their nearest comparable GAAP measures later in this release. (i) (i) (i) (i) (i) (i) (i)
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Summary of year-to-date financial results UMB Financial Corporation (unaudited, dollars in thousands, except per share data) September September YTD YTD 2026 2025 Net income (GAAP) $ 817,093 $ 487,043 Net income available to common shareholders (GAAP) 799,655 475,074 Earnings per common share - diluted (GAAP) 10.46 6.53 Operating pre-tax, pre-provision income (Non-GAAP) 1,116,895 835,858 Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP) 14.61 11.49 Operating pre-tax, pre-provision income - FTE (Non-GAAP) 1,143,124 859,968 Operating pre-tax, pre-provision earnings per common share - FTE - diluted (Non-GAAP) 14.95 11.82 Net operating income available to common shareholders (Non-GAAP) 805,196 600,803 Operating earnings per common share - diluted (Non-GAAP) 10.54 8.26 GAAP Return on average assets 1.52% 0.98% Return on average common equity 13.90 9.84 Efficiency ratio 48.48 58.48 Non-GAAP Operating return on average assets 1.53% 1.23% Operating return on average common equity 14.00 12.45 Operating efficiency ratio 48.16 53.21 Summary of revenue UMB Financial Corporation (unaudited, dollars in thousands) Q3 Q2 Q3 CQ vs. CQ vs. 2026 2026 2025 LQ PY Net interest income $ 540,005 $ 532,525 $ 475,042 $ 7,480 $ 64,963 Noninterest income: Trust and securities processing 104,033 98,295 87,926 5,738 16,107 Trading and investment banking 5,269 5,314 7,026 (45) (1,757) Service charges on deposit accounts 31,460 29,588 29,150 1,872 2,310 Insurance fees and commissions 148 207 307 (59) (159) Brokerage fees 24,181 25,400 20,470 (1,219) 3,711 Bankcard fees 29,453 29,954 29,561 (501) (108) Investment securities gains (losses), net 11,009 27,087 (4,093) (16,078) 15,102 Other 26,830 29,660 32,951 (2,830) (6,121) Total noninterest income $ 232,383 $ 245,505 $ 203,298 $ (13,122) $ 29,085 Total revenue $ 772,388 $ 778,030 $ 678,340 $ (5,642) $ 94,048 Net interest income (FTE) $ 548,689 $ 541,357 $ 483,356 Net interest margin (FTE) 3.32% 3.32% 3.04% Total noninterest income as a % of total revenue 30.1 31.6 30.0 Net interest income • Third quarter 2026 net interest income totaled $540.0 million, an increase of $7.5 million, or 1.4%, from the linked quarter, driven primarily by strong balance sheet growth, stable net interest (i) (i) (i) (i) (i) (i) (i)
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margin, the benefit of an additional day in the quarter, and the net impact of higher short-term interest rates. • Average earning assets increased $327.6 million, or 0.5%, from the linked quarter, largely driven by an increase of $1.1 billion in average loans, partially offset by decreases of $539.4 million in average interest-bearing due from banks and $203.2 million in average securities. • Average interest-bearing liabilities increased $1.1 billion, or 2.3%, from the linked quarter, primarily driven by an increase of $1.5 billion, or 3.6%, in interest-bearing deposits, partially offset by a decrease of $415.7 million, or 11.8%, in federal funds and repurchase agreements. • Net interest margin for the third quarter was 3.32%, which is flat as compared to the linked quarter. • On a year-over-year basis, net interest income increased $65.0 million, or 13.7%, driven by increases of $4.6 billion, or 12.4%, in average loans and $722.9 million, or 3.8%, in average securities, as well as favorable repricing of deposits in conjunction with lower short-term interest rates. These increases were partially offset by a decrease of $3.1 billion, or 49.0%, in average interest-bearing due from banks and $7.5 million in lower purchase accounting accretion income. • Average deposits increased 2.6% compared to the third quarter of 2025. Average interest-bearing deposits increased 3.5%, and noninterest-bearing demand deposit balances decreased 0.3% compared to the third quarter of 2025. Average demand deposit balances comprised 23.7% of total deposits in the third quarter of 2026, compared to 25.5% in the linked quarter and 24.4% in the third quarter of 2025. Noninterest income • Third quarter 2026 noninterest income decreased $13.1 million, or 5.3%, on a linked-quarter basis, largely due to: o A net decrease of $16.1 million in investment securities gains driven by a $17.9 million gain on the sale of a non-marketable security in the second quarter of 2026. This decrease was partially offset by increases of $1.0 million in valuation of the company's non-marketable securities and an increase of $0.9 million in valuation and gains on sales of the company's marketable securities. o A decrease of $2.8 million in other income driven by: ▪ A $7.0 million decrease in company-owned life insurance income, recorded in other income. The decrease in company-owned life insurance income was offset by a proportionate decrease in deferred compensation noted below. ▪ This decrease was partially offset by a $1.8 million gain on the sale of a building in the third quarter, a $0.8 million increase in derivative income, a $0.5 million increase in bank-owned life insurance income, and a $0.4 million increase in gains recorded for recoveries of loans previously charged off by HTLF. o The decreases noted above were partially offset by increases of $4.8 million in fund services income and $0.6 million in corporate trust income, both recorded in trust and securities processing. • Compared to the prior year, noninterest income in the third quarter of 2026 increased $29.1 million, or 14.3%, primarily driven by:
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o An increase of $16.1 million in trust and securities processing driven by increases of $12.0 million in fund services income, $2.9 million in corporate trust income, and $1.2 million in trust income. o An increase of $15.1 million in investment securities gains due to increases of $7.2 million in valuation of the company's non-marketable securities, as well as $7.1 million in net losses on the company's marketable securities during the third quarter of 2025. o An increase of $3.7 million in brokerage income due to higher 12b-1 fees and money market income. o These increases were offset by a $6.1 million decline in other income, including a $5.5 million decrease in company-owned life insurance income and a $2.0 million decrease in bank-owned life insurance income. These decreases were partially offset by an increase of $1.3 million in syndication income. The decrease in company-owned life insurance income was offset by a proportionate decrease in deferred compensation as noted below. Noninterest expense Summary of noninterest expense UMB Financial Corporation (unaudited, dollars in thousands) Q3 Q2 Q3 CQ vs. CQ vs. 2026 2026 2025 LQ PY Salaries and employee benefits $ 221,240 $ 227,162 $ 220,329 $ (5,922) $ 911 Occupancy, net 21,210 19,277 19,149 1,933 2,061 Equipment 14,052 13,942 16,563 110 (2,511) Supplies and services 7,685 5,504 10,492 2,181 (2,807) Marketing and business development 15,286 13,916 11,094 1,370 4,192 Processing fees 44,256 43,073 45,008 1,183 (752) Legal and consulting 14,882 14,415 21,616 467 (6,734) Bankcard 11,426 11,873 11,775 (447) (349) Amortization of other intangible assets 23,243 23,460 25,317 (217) (2,074) Regulatory fees 8,918 9,097 8,091 (179) 827 Other 17,259 17,914 29,851 (655) (12,592) Total noninterest expense $ 399,457 $ 399,633 $ 419,285 $ (176) $ (19,828) • GAAP noninterest expense for the third quarter of 2026 was $399.5 million, a decrease of $0.2 million, from the linked quarter and $19.8 million, or 4.7%, from the third quarter of 2025. Third quarter 2026 expenses included $0.1 million in total acquisition-related and other nonrecurring costs, compared to $1.7 million in the linked quarter and $35.6 million in the third quarter of 2025. Operating noninterest expense, a non-GAAP financial measure reconciled later in this release to noninterest expense, the nearest comparable GAAP measure, was $399.3 million for the third quarter of 2026, an increase of $1.4 million, or 0.3%, from the linked quarter and an increase of $14.4 million, or 3.7%, from the third quarter of 2025. • The linked-quarter decrease in GAAP noninterest expense was driven by: o A decrease of $5.9 million in salaries and employee benefits expense driven by a $10.6 million decrease in employee benefits, offset by an increase of $4.7 million in salary and bonus expense. The decrease in employee benefits was due to a decrease of $10.1 million in deferred compensation expense. The increase in salary and bonus expense was due to higher salary expense related to annual merit increases and increased bonus expense related to company performance. The decrease in deferred compensation expense was offset by the decrease in company-owned life insurance income noted above. o This decrease was partially offset by the following increases:
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▪ Increases of $2.2 million in supplies and services expense due to increased computer hardware expense and $1.9 million in occupancy related to increased building and utilities expenses. ▪ An increase of $1.4 million in marketing and business development expense, driven by the timing of multiple advertising campaigns. • The year-over-year decrease in GAAP noninterest expense was driven by: o A decrease of $12.6 million in other expense driven by $19.2 million in fees for termination of legacy HTLF contracts in the third quarter of 2025, partially offset by increases of $2.3 million in charitable contribution expense, $1.6 million in operational losses, and $1.5 million in expense on other real estate owned. o A decrease of $6.7 million in legal and consulting expense, which included $0.1 million in non-recurring transaction costs as compared to $9.2 million of non-recurring transaction costs in the third quarter of 2025. o Decreases of $2.8 million in supplies and services expense due to the printing and mailing of conversion notices to customers during the third quarter of 2025, and $2.5 million in equipment expense driven by a decline in software costs. o These decreases were partially offset by the following increases: ▪ An increase of $4.2 million in marketing and business development expense, driven by the timing of multiple advertising campaigns and increased travel and entertainment expense. ▪ An increase of $0.9 million in salaries and employee benefits expense driven by higher salary expense related to annual merit increases and increased bonus expense related to company performance, partially offset by a decrease of $7.2 million in deferred compensation expense. The decrease in deferred compensation expense was offset by the decrease in company-owned life insurance income noted above. • Third quarter 2026 noninterest expense included $0.1 million in total acquisition-related and other nonrecurring costs, compared to $1.7 million in the linked quarter and $35.6 million in the third quarter of 2025. During the third quarter of 2026, this expense was composed primarily of legal and consulting expense. During the linked quarter, the expense was composed primarily of $1.7 million in legal and consulting expense. During the third quarter of 2025, acquisition-related expense was primarily composed of $19.6 million in other expense, predominately for contract termination fees as discussed above, $9.2 million in legal and consulting expense, $4.5 million in salaries and employee benefits, and $3.5 million in supplies and services expense. Income taxes • The company’s effective tax rate was 20.2% for the nine months ended September 30, 2026, compared to 19.4% for the same period in 2025. The increase is mainly due to more favorable discrete tax items in 2025, including a benefit from remeasuring deferred tax assets after the HTLF acquisition increased the state marginal tax rate. Additionally, a smaller proportion of pre-tax income in 2026 was earned from tax-exempt municipal securities. Balance sheet • Average total assets for the third quarter of 2026 were $70.8 billion compared to $70.4 billion for the linked quarter and $68.5 billion for the same period in 2025.
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Summary of average loans and leases - QTD Average UMB Financial Corporation (unaudited, dollars in thousands) Q3 Q2 Q3 CQ vs. CQ vs. 2026 2026 2025 LQ PY Commercial and industrial $ 18,464,47 0 $ 17,521,53 1 $ 14,787,49 4 $ 942,939 $3,676,976 Specialty lending 685,964 648,786 570,079 37,178 115,885 Commercial real estate 16,596,29 6 16,658,20 3 16,372,83 1 (61,907) 223,465 Consumer real estate 4,520,730 4,498,319 4,306,981 22,411 213,749 Consumer 239,515 251,958 242,526 (12,443) (3,011) Credit cards 777,349 787,926 755,635 (10,577) 21,714 Leases and other 465,264 257,227 102,965 208,037 362,299 Total loans $ 41,749,58 8 $ 40,623,95 0 $ 37,138,51 1 $1,125,638 $4,611,077 (i) Commercial and industrial loans include all loans to Non-Depository Financial Institutions (NDFIs). • Average loans for the third quarter of 2026 increased $1.1 billion, or 2.8%, on a linked-quarter basis and $4.6 billion, or 12.4%, compared to the third quarter of 2025. These increases reflect continued organic momentum across all geographies. Summary of average securities - QTD Average UMB Financial Corporation (unaudited, dollars in thousands) Q3 Q2 Q3 CQ vs. CQ vs. 2026 2026 2025 LQ PY Securities available for sale: U.S. Treasury $2,207,755 $2,229,300 $2,134,787 $ (21,545) $ 72,968 U.S. Agencies 48,664 49,391 81,708 (727) (33,044) Mortgage-backed 8,144,898 8,234,937 7,379,243 (90,039) 765,655 State and political subdivisions 2,293,783 2,361,604 2,425,931 (67,821) (132,148) Corporates 61,303 105,473 236,483 (44,170) (175,180) Collateralized loan obligations 548,131 560,322 557,125 (12,191) (8,994) Total securities available for sale $ 13,304,53 4 $ 13,541,02 7 $ 12,815,27 7 $ (236,493) $ 489,257 Securities held to maturity: U.S. Treasury $ 38,262 $ 38,258 $ 8,019 $ 4 $ 30,243 Mortgage-backed 2,369,295 2,427,794 2,402,963 (58,499) (33,668) State and political subdivisions 3,283,628 3,231,171 3,045,676 52,457 237,952 Total securities held to maturity $5,691,185 $5,697,223 $5,456,658 $ (6,038) $ 234,527 Trading securities $ 31,366 $ 26,734 $ 12,098 $ 4,632 $ 19,268 Other securities 714,634 679,947 734,793 34,687 (20,159) Total securities $ 19,741,71 9 $ 19,944,93 1 $ 19,018,82 6 $ (203,212) $ 722,893 • Average total securities decreased 1.0% on a linked-quarter basis and increased 3.8% compared to the third quarter of 2025. (i)
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Summary of average deposits - QTD Average UMB Financial Corporation (unaudited, dollars in thousands) Q3 Q2 Q3 CQ vs. CQ vs. 2026 2026 2025 LQ PY Deposits: Noninterest-bearing demand $ 13,819,64 2 $ 14,712,64 7 $ 13,858,82 7 $ (893,005) $ (39,185) Interest-bearing demand and savings 41,082,01 0 39,660,63 2 39,555,58 5 1,421,378 1,526,425 Time deposits 3,319,734 3,211,834 3,349,181 107,900 (29,447) Total deposits $ 58,221,38 6 $ 57,585,11 3 $ 56,763,59 3 $ 636,273 $1,457,793 Noninterest bearing deposits as % of total 23.7% 25.5% 24.4% • Average deposits increased 1.1% on a linked-quarter basis and increased 2.6% compared to the third quarter of 2025. Average noninterest-bearing demand deposits declined 6.1% from the linked quarter reflecting expected seasonal disbursements within the institutional banking segment. Capital Capital information UMB Financial Corporation (unaudited, dollars in thousands, except per share data) September 30, 2026 June 30, 2026 September 30, 2025 Total equity $ 7,852,854 $ 8,030,793 $ 7,443,950 Total common equity 7,576,225 7,748,351 7,161,853 Accumulated other comprehensive loss, net (793,245) (371,517) (324,842) Book value per common share 99.75 102.02 94.29 Tangible book value per common share (Non-GAAP) 70.07 72.03 63.40 Regulatory capital: Common equity Tier 1 capital $ 6,210,523 $ 5,951,062 $ 5,226,775 Tier 1 capital 6,504,589 6,245,128 5,520,841 Total capital 7,301,791 7,172,347 6,406,709 Regulatory capital ratios: Common equity Tier 1 capital ratio 11.50% 11.45% 10.70% Tier 1 risk-based capital ratio 12.04 12.02 11.30 Total risk-based capital ratio 13.52 13.80 13.11 Tier 1 leverage ratio 9.41 9.11 8.33 (i) See reconciliation of Non-GAAP measures to their nearest comparable GAAP measures later in this release. • At September 30, 2026, the regulatory capital ratios presented in the foregoing table exceeded all “well-capitalized” regulatory thresholds. • In mid-September 2026, the company redeemed the $150.0 million in outstanding 2.75% fixed-to-floating rate subordinated notes due in 2031. (i)
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Asset Quality Credit quality UMB Financial Corporation (unaudited, dollars in thousands) Q3 Q2 Q1 Q4 Q3 2026 2026 2026 2025 2025 Net charge-offs - total loans $ 14,003 $ 15,861 $ 18,929 $ 12,654 $ 18,383 Net loan charge-offs as a % of total average loans 0.13% 0.16% 0.19% 0.13% 0.20% Loans over 90 days past due $ 15,648 $ 13,715 $ 14,924 $ 18,403 $ 6,131 Loans over 90 days past due as a % of total loans 0.04% 0.03% 0.04% 0.05% 0.02% Nonaccrual and restructured loans $ 117,885 $ 127,526 $ 151,250 $ 144,666 $ 131,965 Nonaccrual and restructured loans as a % of total loans 0.28% 0.31% 0.38% 0.37% 0.35% Provision for credit losses $ 31,000 $ 28,000 $ 27,000 $ 25,000 $ 22,500 • Provision for credit losses for the third quarter of 2026 increased $3.0 million from the linked quarter and $8.5 million from the third quarter of 2025. The change in provision expense reflected continued loan growth, ongoing recalibration of econometric loss models, and general portfolio trends in the current periods as compared to the prior periods. • Net charge-offs for the third quarter totaled $14.0 million, or 0.13% of average loans, compared to $15.9 million, or 0.16% of average loans in the linked quarter, and $18.4 million, or 0.20% of average loans for the third quarter of 2025. Nonperforming loans declined 7.6% to $117.9 million and comprised 28 basis points of total loans, compared to 31 basis points at June 30, 2026. Conference Call The company will host a conference call to discuss its third quarter 2026 earnings results on Wednesday, October 28, 2026, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-461-5787 or (international) 585-542-9983 and requesting to join the UMB Financial call with conference ID 376 166 699. The live webcast may also be accessed by visiting investorrelations.umb.com or by using the following link: UMB Financial 3Q 2026 Conference Call A replay of the conference call may be heard through November 11, 2026, by calling (toll-free) 833-309-1852 or (international) 929-828-5978. The replay access code required for playback is 376 166 699. The call replay may also be accessed at investorrelations.umb.com. Non-GAAP Financial Information In this release, we provide information about net operating income available to common shareholders, operating earnings per share – diluted (operating EPS), operating return on average common equity (operating ROE), operating return on average assets (operating ROA), operating noninterest expense, operating efficiency ratio, operating pre-tax, pre-provision income (operating PTPP), operating pre-tax, pre-provision earnings per share – diluted (operating PTPP EPS), operating pre-tax, pre- provision income on a fully tax equivalent basis (operating PTPP-FTE), operating pre-tax, pre-provision FTE earnings per share – diluted (operating PTPP-FTE EPS), tangible common shareholders’ equity, and tangible book value per share, all of which are non-GAAP financial measures. This information supplements the results that are reported according to generally accepted accounting principles in the United States (GAAP) and should not be viewed in isolation from, or as a substitute for, GAAP results. The differences between the non-GAAP financial measures – net operating income available to common shareholders, operating EPS, operating ROE, operating ROA, operating noninterest expense, operating efficiency ratio, operating PTPP, operating PTPP EPS, operating PTPP-FTE, operating PTPP-FTE EPS, tangible common shareholders’ equity, and tangible book value per share – and the nearest comparable GAAP financial measures are reconciled later in this release. The company believes that these non-GAAP financial
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measures and the reconciliations may be useful to investors because they adjust for acquisition- and severance-related items, and the FDIC special assessment that management does not believe reflect the company’s fundamental operating performance. Net operating income available to common shareholders for the relevant period is defined as GAAP net income available to common shareholders, adjusted to reflect the impact of excluding expenses related to Day 1 acquisition provision expense, acquisitions, severance expense, the FDIC special assessment, and the cumulative tax impact of these adjustments. Operating EPS (diluted) is calculated as earnings per share as reported, adjusted to reflect, on a per share basis, the impact of excluding the non-GAAP adjustments described above for the relevant period. Operating ROE is calculated as net operating income available to common shareholders, divided by the company’s average total common shareholders’ equity for the relevant period. Operating ROA is calculated as net operating income available to common shareholders, divided by the company’s average assets for the relevant period. Operating noninterest expense for the relevant period is defined as GAAP noninterest expense, adjusted to reflect the pre-tax impact of non-GAAP adjustments described above. Operating efficiency ratio is calculated as the company’s operating noninterest expense, net of amortization of other intangibles, divided by the company’s total non-GAAP revenue (calculated as net interest income plus noninterest income, less gains on sales of securities available for sale, net). Operating PTPP income for the relevant period is defined as GAAP net interest income plus GAAP noninterest income, less noninterest expense, adjusted to reflect the impact of excluding expenses related to acquisitions and severance, and the FDIC special assessment. Operating PTPP-FTE for the relevant period is defined as GAAP net interest income on a fully tax equivalent basis plus GAAP noninterest income, less noninterest expense, adjusted to reflect the impact of excluding expenses related to acquisitions and severance, and the FDIC special assessment. Tangible common shareholders’ equity for the relevant period is defined as GAAP common shareholders’ equity, net of intangible assets. Tangible book value per share is defined as tangible common shareholders’ equity divided by the company’s total common shares outstanding. Forward-Looking Statements: This press release contains, and our other communications may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “outlook,” “forecast,” “target,” “trend,” “plan,” “goal,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, results, or aspirations. All forward-looking statements are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Our actual future objectives, strategies, plans, prospects, performance, condition, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events, circumstances, or aspirations to differ from those in forward-looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2025, our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (SEC). In addition to such factors that have been disclosed previously: macroeconomic and adverse developments and uncertainties related to the collateral effects of the collapse of, and challenges for, domestic and international banks, including the impacts to the U.S. and global economies; sustained levels of high inflation and the potential for an economic recession on the heels of aggressive quantitative tightening by the Federal Reserve; and impacts related to or resulting from instability in the Middle East and Russia’s military action in Ukraine, such as the broader impacts to financial markets and the global macroeconomic and geopolitical environments, may
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also cause actual results or other future events, circumstances, or aspirations to differ from our forward-looking statements. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except to the extent required by applicable securities laws. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K, or other applicable document that is filed or furnished with the SEC. About UMB: UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Mo. UMB offers commercial banking, which includes comprehensive deposit, lending, investment and retirement plan services; personal banking, which includes comprehensive deposit, lending, wealth management and financial planning services; and institutional banking, which includes asset servicing, corporate trust solutions, investment banking and healthcare services. UMB operates branches throughout Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, Utah, and Wisconsin. As the company’s reach continues to grow, it also serves business clients nationwide and institutional clients in several countries. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.
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Consolidated Balance Sheets UMB Financial Corporation (unaudited, dollars in thousands) September 30, 2026 2025 ASSETS Loans $ 42,530,123 $ 37,706,507 Allowance for credit losses on loans (452,414) (404,971) Net loans 42,077,709 37,301,536 Loans held for sale 3,276 3,170 Securities: Available for sale 13,008,308 13,378,280 Held to maturity, net of allowance for credit losses 5,702,352 5,652,387 Trading securities 49,781 35,811 Other securities 750,292 719,575 Total securities 19,510,733 19,786,053 Federal funds sold and resell agreements 953,850 765,113 Interest-bearing due from banks 4,296,685 7,892,392 Cash and due from banks 712,683 1,073,005 Premises and equipment, net 398,416 398,607 Accrued income 346,106 331,645 Goodwill 1,837,594 1,835,298 Other intangibles, net 416,706 511,450 Other assets 2,184,288 1,982,912 Total assets $ 72,738,046 $ 71,881,181 LIABILITIES Deposits: Noninterest-bearing demand $ 14,589,109 $ 16,188,227 Interest-bearing demand and savings 42,164,948 40,549,723 Time deposits under $250,000 1,890,745 1,985,352 Time deposits of $250,000 or more 1,524,543 1,412,541 Total deposits 60,169,345 60,135,843 Federal funds purchased and repurchase agreements 3,237,311 2,838,597 Long-term debt 333,111 471,331 Accrued expenses and taxes 403,163 453,437 Other liabilities 742,262 538,023 Total liabilities 64,885,192 64,437,231 SHAREHOLDERS' EQUITY Series B Fixed-Rate Reset Non-Cumulative Perpetual Preferred stock 294,066 294,066 Common stock 78,666 78,666 Capital surplus 4,025,449 4,001,834 Retained earnings 4,431,928 3,559,717 Accumulated other comprehensive loss, net (793,245) (324,842) Treasury stock (184,010) (165,491) Total shareholders' equity 7,852,854 7,443,950 Total liabilities and shareholders' equity $ 72,738,046 $ 71,881,181
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Consolidated Statements of Income UMB Financial Corporation (unaudited, dollars in thousands except share and per share data) Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 INTEREST INCOME Loans $ 669,670 $ 629,057 $ 1,946,743 $ 1,768,875 Securities: Taxable interest 148,356 138,176 440,248 358,709 Tax-exempt interest 36,196 33,035 105,831 96,022 Total securities income 184,552 171,211 546,079 454,731 Federal funds and resell agreements 10,984 9,365 38,306 25,050 Interest-bearing due from banks 29,665 68,952 101,517 217,811 Trading securities 524 312 1,183 937 Total interest income 895,395 878,897 2,633,828 2,467,404 INTEREST EXPENSE Deposits 318,225 362,882 909,525 1,009,441 Federal funds and repurchase agreements 26,017 28,632 84,668 81,845 Other 11,148 12,341 32,739 36,413 Total interest expense 355,390 403,855 1,026,932 1,127,699 Net interest income 540,005 475,042 1,606,896 1,339,705 Provision for credit losses 31,000 22,500 86,000 129,500 Net interest income after provision for credit losses 509,005 452,542 1,520,896 1,210,205 NONINTEREST INCOME Trust and securities processing 104,033 87,926 296,995 250,970 Trading and investment banking 5,269 7,026 18,323 19,107 Service charges on deposit accounts 31,460 29,150 90,522 85,472 Insurance fees and commissions 148 307 610 674 Brokerage fees 24,181 20,470 70,670 59,097 Bankcard fees 29,453 29,561 88,285 84,872 Investment securities gains (losses), net 11,009 (4,093) 41,142 28,810 Other 26,830 32,951 76,134 62,679 Total noninterest income 232,383 203,298 682,681 591,681 NONINTEREST EXPENSE Salaries and employee benefits 221,240 220,329 668,083 655,278 Occupancy, net 21,210 19,149 59,562 53,789 Equipment 14,052 16,563 41,314 49,937 Supplies and services 7,685 10,492 18,793 21,660 Marketing and business development 15,286 11,094 42,994 30,436 Processing fees 44,256 45,008 129,388 129,496 Legal and consulting 14,882 21,616 38,384 68,690 Bankcard 11,426 11,775 35,140 36,933 Amortization of other intangible assets 23,243 25,317 70,163 68,067 Regulatory fees 8,918 8,091 26,285 25,587 Other 17,259 29,851 49,867 57,367 Total noninterest expense 399,457 419,285 1,179,973 1,197,240 Income before income taxes 341,931 236,555 1,023,604 604,646 Income tax expense 63,846 48,239 206,511 117,603 NET INCOME 278,085 188,316 817,093 487,043 Less: Preferred dividends 5,813 7,944 17,438 11,969 NET INCOME AVAILABLE TO COMMON SHAREHOLDERS $ 272,272 $ 180,372 $ 799,655 $ 475,074
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PER SHARE DATA Net income per common share – basic $ 3.58 $ 2.38 $ 10.52 $ 6.57 Net income per common share – diluted 3.56 2.36 10.46 6.53 Dividends per common share 0.50 0.40 1.36 1.20 Weighted average common shares outstanding – basic 75,950,551 75,943,943 75,985,017 72,349,952 Weighted average common shares outstanding – diluted 76,504,135 76,366,818 76,474,906 72,744,289 Consolidated Statements of Comprehensive Income UMB Financial Corporation (unaudited, dollars in thousands) Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 Net income $ 278,085 $ 188,316 $ 817,093 $ 487,043 Other comprehensive (loss) income, before tax: Unrealized gains and losses on debt securities: Change in unrealized holding gains and losses, net (537,904) 145,415 (661,875) 264,987 Less: Reclassification adjustment for net gains included in net income — (91) (429) (514) Amortization of net unrealized loss on securities transferred from available- for-sale to held-to-maturity 7,375 8,007 21,753 24,286 Change in unrealized gains and losses on debt securities (530,529) 153,331 (640,551) 288,759 Unrealized gains and losses on derivative hedges: Change in unrealized gains and losses on derivative hedges, net (34,294) (380) (73,040) 36,652 Less: Reclassification adjustment for net (gains) losses included in net income (214) 3,114 (1,437) 5,131 Change in unrealized gains and losses on derivative hedges (34,508) 2,734 (74,477) 41,783 Other comprehensive (loss) income, before tax (565,037) 156,065 (715,028) 330,542 Income tax benefit (expense) 143,309 (38,860) 183,303 (82,334) Other comprehensive (loss) income (421,728) 117,205 (531,725) 248,208 Comprehensive (loss) income $ (143,643) $ 305,521 $ 285,368 $ 735,251
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Consolidated Statements of Shareholders' Equity UMB Financial Corporation (unaudited, dollars in thousands except per share data) Preferre d Stock Common Stock Capital Surplus Retained Earnings Accumul ated Other Compreh ensive (Loss) Income Treasury Stock Total Balance - January 1, 2025 $ — $ 55,057 $ 1,145,6 38 $ 3,174,9 48 $ (573,05 0) $ (336,05 2) $ 3,466,5 41 Total comprehensive income — — — 487,04 3 248,20 8 — 735,25 1 Cash dividends declared: Preferred dividends Series A ($350.00 per share) — — — (4,025) — — (4,025) Preferred dividends Series B ($264.79 per share) — — — (7,944) — — (7,944) Common dividends ($1.20 per share) — — — (90,510) — — (90,510) Purchase of treasury stock — — — — — (17,549) (17,549) Issuances of equity awards, net of forfeitures — — (18,663) — — 19,463 800 Recognition of equity-based compensation — — 48,021 — — — 48,021 Sale of treasury stock — — 265 — — 261 526 Exercise of stock options — — 115 — — 301 416 Common stock issuance — — 67,056 — — 168,08 5 235,14 1 Preferred stock issuance, net of issuance costs 294,06 6 — — — — — 294,06 6 Preferred stock redemption (110,70 5) — (4,500) 205 — — (115,00 0) Stock issuance for acquisition, net of issuance costs 110,70 5 23,609 2,763,9 02 — — — 2,898,2 16 Balance - September 30, 2025 $ 294,06 6 $ 78,666 $ 4,001,8 34 $ 3,559,7 17 $ (324,84 2) $ (165,49 1) $ 7,443,9 50 Balance - January 1, 2026 $ 294,06 6 $ 78,666 $ 4,011,0 47 $ 3,736,4 13 $ (261,52 0) $ (165,10 4) $ 7,693,5 68 Total comprehensive income — — — 817,09 3 (531,72 5) — 285,36 8 Cash dividends declared: Preferred dividends Series B ($581.25 per share) — — — (17,438) — — (17,438) Common dividends ($1.36 per share) — — — (104,14 0) — — (104,14 0) Purchase of treasury stock — — — — — (37,901) (37,901) Issuances of equity awards, net of forfeitures — — (16,266) — — 17,991 1,725 Recognition of equity-based compensation — — 30,300 — — — 30,300 Sale of treasury stock — — 276 — — 265 541 Exercise of stock options — — 92 — — 739 831 Balance - September 30, 2026 $ 294,06 6 $ 78,666 $ 4,025,4 49 $ 4,431,9 28 $ (793,24 5) $ (184,01 0) $ 7,852,8 54
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Average Balances / Yields and Rates UMB Financial Corporation (tax - equivalent basis) (unaudited, dollars in thousands) Three Months Ended September 30, 2026 2025 Average Average Average Average Balance Yield/Rate Balance Yield/Rate Assets Loans, net of unearned interest $ 41,749,588 6.36% $ 37,138,511 6.72% Securities: Taxable 15,340,425 3.84 14,798,834 3.70 Tax-exempt 4,369,928 4.07 4,207,894 3.89 Total securities 19,710,353 3.89 19,006,728 3.75 Federal funds and resell agreements 978,399 4.45 727,473 5.11 Interest-bearing due from banks 3,172,756 3.71 6,223,615 4.40 Trading securities 31,366 6.72 12,098 10.72 Total earning assets 65,642,462 5.46 63,108,425 5.58 Allowance for credit losses (438,567) (388,761) Other assets 5,610,758 5,775,638 Total assets $ 70,814,653 $ 68,495,302 Liabilities and Shareholders' Equity Interest-bearing deposits $ 44,401,744 2.84% $ 42,904,766 3.36% Federal funds and repurchase agreements 3,096,558 3.33 2,863,481 3.97 Borrowed funds 448,907 9.85 627,827 7.80 Total interest-bearing liabilities 47,947,209 2.94 46,396,074 3.45 Noninterest-bearing demand deposits 13,819,642 13,858,827 Other liabilities 957,438 879,659 Shareholders' equity 8,090,364 7,360,742 Total liabilities and shareholders' equity $ 70,814,653 $ 68,495,302 Net interest spread 2.52% 2.13% Net interest margin 3.32 3.04
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Average Balances / Yields and Rates UMB Financial Corporation (tax - equivalent basis) (unaudited, dollars in thousands) Nine Months Ended September 30, 2026 2025 Average Average Average Average Balance Yield/Rate Balance Yield/Rate Assets Loans, net of unearned interest $ 40,594,251 6.41% $ 35,302,675 6.70% Securities: Taxable 15,523,910 3.79 13,312,899 3.60 Tax-exempt 4,353,801 4.05 4,201,302 3.82 Total securities 19,877,711 3.85 17,514,201 3.65 Federal funds and resell agreements 1,181,976 4.33 656,637 5.10 Interest-bearing due from banks 3,688,901 3.68 6,562,011 4.44 Trading securities 25,203 6.47 16,519 8.00 Total earning assets 65,368,042 5.44 60,052,043 5.55 Allowance for credit losses (425,183) (359,267) Other assets 5,614,390 5,449,485 Total assets $ 70,557,249 $ 65,142,261 Liabilities and Shareholders' Equity Interest-bearing deposits $ 43,255,400 2.81% $ 40,357,901 3.34% Federal funds and repurchase agreements 3,408,806 3.32 2,775,160 3.94 Borrowed funds 467,563 9.36 618,153 7.88 Total interest-bearing liabilities 47,131,769 2.91 43,751,214 3.45 Noninterest-bearing demand deposits 14,540,507 13,898,325 Other liabilities 904,745 856,522 Shareholders' equity 7,980,228 6,636,200 Total liabilities and shareholders' equity $ 70,557,249 $ 65,142,261 Net interest spread 2.53% 2.10% Net interest margin 3.34 3.04
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Business Segment Information UMB Financial Corporation (unaudited, dollars in thousands) Three Months Ended September 30, 2026 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 375,919 $ 73,716 $ 90,370 $ 540,005 Provision for credit losses 27,946 575 2,479 31,000 Noninterest income 51,395 133,279 47,709 232,383 Noninterest expense 170,606 122,672 106,179 399,457 Income before taxes 228,762 83,748 29,421 341,931 Income tax expense 42,715 15,637 5,494 63,846 Net income $ 186,047 $ 68,111 $ 23,927 $ 278,085 Three Months Ended September 30, 2025 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 331,555 $ 60,997 $ 82,490 $ 475,042 Provision for credit losses 19,465 460 2,575 22,500 Noninterest income 56,089 115,379 31,830 203,298 Noninterest expense 187,031 110,613 121,641 419,285 Income (loss) before taxes 181,148 65,303 (9,896) 236,555 Income tax expense (benefit) 36,940 13,317 (2,018) 48,239 Net income (loss) $ 144,208 $ 51,986 $ (7,878) $ 188,316 Nine Months Ended September 30, 2026 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 1,103,836 $ 230,053 $ 273,007 $ 1,606,896 Provision for credit losses 76,456 1,700 7,844 86,000 Noninterest income 149,623 384,298 148,760 682,681 Noninterest expense 505,311 358,130 316,532 1,179,973 Income before taxes 671,692 254,521 97,391 1,023,604 Income tax expense 135,513 51,349 19,649 206,511 Net income $ 536,179 $ 203,172 $ 77,742 $ 817,093 Nine Months Ended September 30, 2025 Commercial Banking Institutional Banking Personal Banking Total Net interest income $ 928,091 $ 188,487 $ 223,127 $ 1,339,705 Provision for credit losses 104,550 1,325 23,625 129,500 Noninterest income 136,527 327,171 127,983 591,681 Noninterest expense 530,691 323,015 343,534 1,197,240 Income (loss) before taxes 429,377 191,318 (16,049) 604,646 Income tax expense (benefit) 83,513 37,211 (3,121) 117,603 Net income (loss) $ 345,864 $ 154,107 $ (12,928) $ 487,043 The company has strategically aligned its operations into the following three reportable segments: Commercial Banking, Institutional Banking, and Personal Banking. Senior executive officers regularly evaluate business segment financial results produced by the company’s internal reporting system in deciding how to allocate resources and assess performance for individual business segments. The company’s reportable segments include certain corporate overhead, technology and service costs that are allocated based on methodologies that are applied consistently between periods. For comparability purposes, amounts in all periods are based on methodologies in effect at September 30, 2026.
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Non-GAAP Financial Measures Net operating income available to common shareholders Non-GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Net income available to common shareholders (GAAP) $ 272,272 $ 180,372 $ 799,655 $ 475,074 Adjustments: Day 1 acquisition provision expense — — — 62,037 Acquisition expense 112 35,603 6,140 102,266 Severance expense — 404 2,036 1,222 FDIC special assessment — (1,679) (885) (1,776) Tax-impact of adjustments (27) (8,154) (1,750) (38,020) Total Non-GAAP adjustments (net of tax) 85 26,174 5,541 125,729 Net operating income (Non-GAAP) $ 272,357 $ 206,546 $ 805,196 $ 600,803 Earnings per common share - diluted (GAAP) $ 3.56 $ 2.36 $ 10.46 $ 6.53 Day 1 acquisition provision expense — — — 0.85 Acquisition expense — 0.46 0.08 1.40 Severance expense — 0.01 0.03 0.02 FDIC special assessment — (0.02) (0.01) (0.02) Tax-impact of adjustments — (0.11) (0.02) (0.52) Operating earnings per common share - diluted (Non-GAAP) $ 3.56 $ 2.70 $ 10.54 $ 8.26 GAAP Return on average assets 1.53% 1.04% 1.52% 0.98% Return on average common equity 13.83 10.14 13.90 9.84 Non-GAAP Operating return on average assets 1.53% 1.20% 1.53% 1.23% Operating return on average common equity 13.84 11.61 14.00 12.45 (i) Calculated using the company’s marginal tax rate of 24.0%. Certain merger-related expenses are non-deductible. (i) (i)
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Operating noninterest expense and operating efficiency ratio Non- GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Noninterest expense $ 399,457 $ 419,285 $ 1,179,973 $ 1,197,240 Adjustments to arrive at operating noninterest expense (pre-tax): Acquisition expense 112 35,603 6,140 102,266 Severance expense — 404 2,036 1,222 FDIC special assessment — (1,679) (885) (1,776) Total Non-GAAP adjustments (pre-tax) 112 34,328 7,291 101,712 Operating noninterest expense (Non-GAAP) $ 399,345 $ 384,957 $ 1,172,682 $ 1,095,528 Noninterest expense $ 399,457 $ 419,285 $ 1,179,973 $ 1,197,240 Less: Amortization of other intangibles 23,243 25,317 70,163 68,067 Noninterest expense, net of amortization of other intangibles (Non- GAAP) (numerator A) $ 376,214 $ 393,968 $ 1,109,810 $ 1,129,173 Operating noninterest expense $ 399,345 $ 384,957 $ 1,172,682 $ 1,095,528 Less: Amortization of other intangibles 23,243 25,317 70,163 68,067 Operating expense, net of amortization of other intangibles (Non- GAAP) (numerator B) $ 376,102 $ 359,640 $ 1,102,519 $ 1,027,461 Net interest income $ 540,005 $ 475,042 $ 1,606,896 $ 1,339,705 Noninterest income 232,383 203,298 682,681 591,681 Less: Gains on sales of securities available for sale, net — 91 429 514 Total Non-GAAP Revenue (denominator A) $ 772,388 $ 678,249 $ 2,289,148 $ 1,930,872 Efficiency ratio (numerator A/denominator A) 48.71% 58.09% 48.48% 58.48% Operating efficiency ratio (Non-GAAP) (numerator B/denominator A) 48.69 53.02 48.16 53.21
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Operating pre-tax, pre-provision income non-GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Net interest income (GAAP) $ 540,005 $ 475,042 $ 1,606,896 $ 1,339,705 Noninterest income (GAAP) 232,383 203,298 682,681 591,681 Noninterest expense (GAAP) 399,457 419,285 1,179,973 1,197,240 Adjustments to arrive at operating noninterest expense: Acquisition expense 112 35,603 6,140 102,266 Severance expense — 404 2,036 1,222 FDIC special assessment — (1,679) (885) (1,776) Total Non-GAAP adjustments 112 34,328 7,291 101,712 Operating noninterest expense (Non-GAAP) 399,345 384,957 1,172,682 1,095,528 Operating pre-tax, pre-provision income (Non-GAAP) $ 373,043 $ 293,383 $ 1,116,895 $ 835,858 Net interest income earnings per common share - diluted (GAAP) $ 7.06 $ 6.22 $ 21.01 $ 18.42 Noninterest income (GAAP) 3.04 2.66 8.93 8.13 Noninterest expense (GAAP) 5.22 5.49 15.43 16.46 Acquisition expense — 0.46 0.08 1.40 Severance expense — 0.01 0.03 0.02 FDIC special assessment — (0.02) (0.01) (0.02) Operating pre-tax, pre-provision earnings per common share - diluted (Non-GAAP) $ 4.88 $ 3.84 $ 14.61 $ 11.49
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Operating pre-tax, pre-provision income - FTE Non-GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands except per share data) Three Months Ended September 30, Nine Months Ended September 30, 2026 2025 2026 2025 Net interest income (GAAP) $ 540,005 $ 475,042 $ 1,606,896 $ 1,339,705 Adjustments to arrive at net interest income - FTE: Tax equivalent interest 8,684 8,314 26,229 24,110 Net interest income - FTE (Non-GAAP) 548,689 483,356 1,633,125 1,363,815 Noninterest income (GAAP) 232,383 203,298 682,681 591,681 Noninterest expense (GAAP) 399,457 419,285 1,179,973 1,197,240 Adjustments to arrive at operating noninterest expense: Acquisition expense 112 35,603 6,140 102,266 Severance expense — 404 2,036 1,222 FDIC special assessment — (1,679) (885) (1,776) Total Non-GAAP adjustments 112 34,328 7,291 101,712 Operating noninterest expense (Non-GAAP) 399,345 384,957 1,172,682 1,095,528 Operating pre-tax, pre-provision income - FTE (Non-GAAP) $ 381,727 $ 301,697 $ 1,143,124 $ 859,968 Net interest income earnings per common share - diluted (GAAP) $ 7.06 $ 6.22 $ 21.01 $ 18.42 Tax equivalent interest 0.11 0.11 0.34 0.33 Net interest income - FTE (Non-GAAP) 7.17 6.33 21.35 18.75 Noninterest income (GAAP) 3.04 2.66 8.93 8.13 Noninterest expense (GAAP) 5.22 5.49 15.43 16.46 Acquisition expense — 0.46 0.08 1.40 Severance expense — 0.01 0.03 0.02 FDIC special assessment — (0.02) (0.01) (0.02) Operating pre-tax, pre-provision income - FTE earnings per common share - diluted (Non-GAAP) $ 4.99 $ 3.95 $ 14.95 $ 11.82 Tangible book value non-GAAP reconciliations: UMB Financial Corporation (unaudited, dollars in thousands except share and per share data) As of September 30, 2026 2025 Total common shareholders' equity (GAAP) $ 7,576,225 $ 7,161,853 Less: Intangible assets Goodwill 1,837,594 1,835,298 Other intangibles, net 416,706 511,450 Total intangibles, net 2,254,300 2,346,748 Total tangible common shareholders' equity (Non-GAAP) $ 5,321,925 $ 4,815,105 Total common shares outstanding 75,951,697 75,953,713 Ratio of total common shareholders' equity (book value) per share $ 99.75 $ 94.29 Ratio of total tangible common shareholders' equity (tangible book value) per share (Non- GAAP) 70.07 63.40