UMB Financial (UMBF) investor relations material

Executive summary

• Completed the integration and brand conversion of Heartland Financial (HTLF), significantly expanding assets, loans, and deposits, and marking a major operational milestone.

• Achieved strong financial performance in Q3 2025, with record gross loan production, robust loan and deposit growth, and positive operating leverage.

• Net income available to common shareholders for Q3 2025 was $180.4M, up 64.5% year-over-year, with diluted EPS of $2.36.

• Maintained a diversified business model across commercial, consumer, private wealth, and institutional banking.

• Integration of HTLF lenders and operations was smooth, supporting improved turnaround times and credit culture alignment.

Financial highlights

• Net interest income for Q3 2025 was $475.0M, up 1.7% sequentially and 92% year-over-year, driven by organic growth and the HTLF acquisition.

• Noninterest income for Q3 2025 was $203.3M, up 28.1% year-over-year, with strong contributions from trust, securities processing, and investment banking.

• Total assets increased to $71.9B, up 42.6% year-over-year; loans grew 47% to $37.7B; deposits rose 39.4% to $60.1B.

• Noninterest expense for Q3 2025 was $419.3M, including $35.6M in acquisition-related costs.

• Dividend increased 7.5% to $0.43 per share, marking the 23rd increase in 20 years.

Outlook and guidance

• Management expects continued above-peer earning asset growth, strong capital generation, and realization of all announced cost synergies from the HTLF acquisition by end of Q1 2026.

• Q4 operating expenses projected between $375M and $380M, including a $2M charitable contribution and incentive comp ramp-up.

• Fourth quarter core net interest margin expected to remain flat at 2.78%.

• Effective tax rate for full year 2025 projected between 19% and 22%.

• Projected contractual accretion from the HTLF acquisition expected to remain a meaningful earnings contributor through 2027.