UMB Financial Reports Record Q4 and Full Year 2024 Earnings

Ticker: UMBFO · Form: 8-K · Filed: Jan 28, 2025 · CIK: 101382

Umb Financial Corp 8-K Filing Summary
FieldDetail
CompanyUmb Financial Corp (UMBFO)
Form Type8-K
Filed DateJan 28, 2025
Risk Levellow
Pages3
Reading Time3 min
Key Dollar Amounts$1.00, $0.40
Sentimentbullish

Sentiment: bullish

Topics: earnings, financial-results, record-income

TL;DR

UMB Financial crushed Q4 earnings, hitting record highs for the year. Buy the dip?

AI Summary

UMB Financial Corp. announced its fourth quarter and full year 2024 results on January 28, 2025. The company reported record net operating income of $148.4 million for the fourth quarter of 2024, an increase from $131.7 million in the prior year period. Full year 2024 net operating income reached a record $540.6 million, up from $494.6 million in 2023.

Why It Matters

This filing indicates strong financial performance for UMB Financial Corp., potentially signaling stability and growth in the banking sector.

Risk Assessment

Risk Level: low — The filing reports positive financial results, indicating a stable or improving financial position for the company.

Key Numbers

  • $148.4 million — Q4 2024 Net Operating Income (Record income for the fourth quarter.)
  • $131.7 million — Q4 2023 Net Operating Income (Prior year period comparison for Q4 income.)
  • $540.6 million — Full Year 2024 Net Operating Income (Record income for the full fiscal year.)
  • $494.6 million — Full Year 2023 Net Operating Income (Prior year period comparison for full year income.)

Key Players & Entities

  • UMB FINANCIAL CORP (company) — Registrant
  • 1010 Grand Ave (location) — Principal executive offices address
  • Kansas City, MO (location) — Principal executive offices city and state
  • 64106 (location) — Principal executive offices zip code
  • 8168607000 (phone_number) — Registrant's telephone number

FAQ

What were the specific drivers of the record net operating income in Q4 2024?

The filing does not provide specific drivers for the record net operating income in Q4 2024, but it indicates an increase from the prior year period.

Did UMB Financial Corp. announce any new strategic initiatives alongside these results?

This specific 8-K filing focuses on the results of operations and financial condition, and does not detail new strategic initiatives.

What is the company's outlook for 2025 based on these results?

The filing reports historical results and does not provide a forward-looking outlook for 2025.

Are there any significant changes in the company's balance sheet or capital structure reported?

This filing primarily reports on income statement results and does not detail changes in the balance sheet or capital structure.

What is the significance of the 'Regulation FD Disclosure' item in this filing?

The 'Regulation FD Disclosure' item indicates that the information provided is intended to be disclosed broadly to the public, preventing selective disclosure of material non-public information.

Filing Stats: 844 words · 3 min read · ~3 pages · Grade level 11.5 · Accepted 2025-01-28 16:05:28

Key Financial Figures

  • $1.00 — nge on which registered Common Stock, $1.00 Par Value UMBF The NASDAQ Global Se
  • $0.40 — ny had declared a quarterly dividend of $0.40 per share that is payable on April 1, 2

Filing Documents

02 Results of Operations and Financial Condition

Item 2.02 Results of Operations and Financial Condition On January 28, 2025, UMB Financial Corporation (the "Company") issued a press release announcing the financial results for the Company for the quarter and year ended December 31, 2024. A copy of the press release is attached as Exhibit 99.1 and the information is hereby incorporated by reference herein. The Company does not incorporate by reference information presented at any website referenced in the press release. The information contained in Item 2.02 of this Current Report on Form 8-K, including Exhibit 99.1 hereto, is being furnished and shall not be deemed to be "filed" with the Securities and Exchange Commission ("SEC") for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act") or otherwise subject to the liabilities of that section and is not incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Current Report on Form 8-K in such a filing.

01 Regulation FD Disclosure

Item 7.01 Regulation FD Disclosure On January 28, 2025, the Company announced in the same press release that the Board of Directors of the Company had declared a quarterly dividend of $0.40 per share that is payable on April 1, 2025 to stockholders of record of the Company's common stock as of the close of business on March 10, 2025. The Company is furnishing a copy of materials that will be used in the Company's shareholder conference call at 8:30 a.m. (CT) on January 29, 2025. A copy of the materials is attached as Exhibit 99.2 and will be available on the Company's website at www.umb.com. The materials are dated January 28, 2025, and the Company disclaims any obligation to correct or update any of the materials in the future. The information provided under Item 7.01 of this Current Report on Form 8-K, including Exhibits 99.1 and 99.2 hereto, is being furnished and is not deemed to be "filed" with the SEC for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section and is not incorporated by reference into any filing of the Company under the Securities Act or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Current Report on Form 8-K in such a filing. The Company does not incorporate by reference to this Current Report on Form 8-K information presented at any website referenced in this report or in any of the Exhibits attached hereto.

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits 99.1 Press Release announcing financial results for the quarter and year ended December 31, 2024, and announcing dividend declaration. 99.2 Investor Presentation Materials, dated January 28, 2025. 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UMB FINANCIAL CORPORATION By: /s/ Ram Shankar Ram Shankar Chief Financial Officer Date: January 28, 2025

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