UMB Financial Corporation filed a Form 425 on October 29, 2026, making available the transcript of its third quarter 2026 investor conference call held on October 28, 2026, which covered quarterly financial results and the announced acquisition of El Dorado Savings Bank.

Key Highlights

  • Acquisition announced: UMB Financial disclosed a plan to acquire Placerville, California-based El Dorado Savings Bank, which operates 35 branches across the Sacramento metro area, Sierra Nevada foothills, Lake Tahoe community, and Reno area.
  • Q3 net income: The company reported net income of $272.3 million, resulting in earnings per share of $3.56 for the third quarter of 2026.
  • El Dorado deposit base: El Dorado Savings Bank held $2.1 billion in deposits as of the reported period, with a total cost of deposits of 88 basis points in the third quarter and an 89% insured ratio.
  • Loan production record: The filing cited record top-line loan production of $3.1 billion, driving $1.1 billion, or 11.1% linked quarter annualized growth in average loan balances.
  • Credit quality: Net charge-offs were 13 basis points; the nonperforming loan ratio improved to 28 basis points from 31 basis points in the second quarter.
  • Operating return on tangible common equity: The company reported an operating return on tangible common equity of 19.5% for the quarter.
  • Expected close: The El Dorado transaction is expected to close in the first quarter of 2027, subject to El Dorado shareholder approval and customary regulatory approvals.

UMB Financial Announces El Dorado Acquisition Alongside Q3 2026 Earnings

According to the filing, UMB Financial Corporation (NASDAQ:UMBF) held a third quarter 2026 earnings call on October 28, 2026, during which Chairman and CEO Mariner Kemper described the acquisition of El Dorado Savings Bank as consistent with the company's stated strategy of "selectively augment[ing] our organic growth engine with tuck-in acquisitions" that feature a granular low-cost retail deposit base, low loan-to-deposit ratios, quality credit metrics, and a similar culture. The filing disclosed that UMB's total branch count would grow to 227, an increase of 18%, following the transaction's close.

El Dorado's loan-to-deposit ratio stands at 24%, and the company disclosed it would be acquiring approximately $500 million of loans, predominantly consumer mortgages with a 39% loan-to-value ratio and an average loan size of $138,000. The filing noted an average deposit account age of 14 years, excluding CDs, and average deposits per branch of $60 million. With the addition of El Dorado's deposits, the company stated its consumer franchise would represent approximately 26% of its total deposit base.

On the quarterly financial results, CFO Ram Shankar disclosed that noninterest income for the quarter was $232.4 million, a decrease of $13.1 million from the second quarter, driven in part by a $16.1 million reduction in gains on investment securities and a $7 million decline in company-owned life insurance income. Non-interest expense was $399.5 million, described in the filing as "virtually flat from the prior quarter." The company also reported that on September 15, it redeemed $150 million of subordinated debt, and that its quarter-end CET1 ratio rose by 5 basis points from June to 11.50%. Year-to-date operating leverage was reported at positive 11.5%.

What Was Disclosed

UMB Financial filed a Form 425 containing the transcript of its October 28, 2026, investor call, disclosing Q3 2026 net income of $272.3 million, earnings per share of $3.56, and the planned acquisition of El Dorado Savings Bank, expected to close in Q1 2027.