Highlights

  • Second quarter 2026 net income available to common shareholders was $271.8 million, compared with $215.4 million in the second quarter of 2025.
  • Diluted earnings per common share were $3.56, compared with $2.82 a year earlier, and dividends per common share were $0.43.
  • Net interest margin, on a tax-equivalent basis, was 3.32% for the quarter, compared with 3.10% in the same period of 2025.
  • Nonperforming loans were $127.5 million at June 30, 2026, up $30.5 million from a year earlier; deposits fell $890.1 million.

UMB Financial Corporation (NASDAQ: UMBF) shares were trading at USD 134.28 on October 27, 2026, up 0.01%, with a relative volume at time of 3.16. The financial holding company completed its Heartland Financial USA acquisition on January 31, 2025, and filed its Form 10-Q for the quarter ended June 30, 2026, on July 30, 2026, reporting second quarter net income available to common shareholders of $271.8 million.

UMB Financial is incorporated in Missouri and has its principal executive offices at 1010 Grand Boulevard in Kansas City, Missouri. It is a financial holding company that offers banking and other financial services through its national bank subsidiary, UMB Bank, National Association, which has its principal office in Missouri and branches and offices primarily in the Midwestern, Southwestern and Western regions of the United States. The company reports three business segments: Commercial Banking, Institutional Banking and Personal Banking. Its fiscal year ends December 31.

Second Quarter Results

For the three months ended June 30, 2026, net income was $277,570 thousand, compared with $217,394 thousand a year earlier. After preferred dividends of $5,812 thousand, net income available to common shareholders was $271.8 million. Basic earnings per common share were $3.58, and diluted earnings per common share were $3.56, compared with $2.84 and $2.82 in the second quarter of 2025. Return on average assets was 1.55% and return on average common shareholders' equity was 14.16%.

For the six months ended June 30, 2026, net income available to common shareholders was $527.4 million, or $6.90 per diluted share, compared with $294.7 million, or $4.16, in the same period of 2025.

Net interest income increased $65.5 million, or 14.0%, in the second quarter. The company attributed the change primarily to repricing of deposits alongside lower short-term interest rates, and to increases in average loans and average securities, partly offset by lower average interest-bearing due from banks and $6.3 million less purchase accounting accretion income. Noninterest income increased $23.3 million, or 10.5%, to $245.5 million and represented 31.6% of total revenue. Noninterest expense increased $6.5 million, or 1.6%, with $1.7 million of acquisition-related expense in the quarter, compared with $13.5 million a year earlier.

The provision for credit losses increased $7.0 million for the quarter. The company cited loan growth, portfolio credit metric changes and recalibrations of economic loss models.

Balance Sheet, Credit and Capital

Total assets decreased $838.5 million, or 1.1%, from December 31, 2025. Loans totaled $41.1 billion at June 30, 2026, an increase of $2.4 billion, or 6.1%, from year-end. Total deposits were $59,766,682 thousand, compared with $60,656,790 thousand at December 31, 2025; the company said noninterest-bearing deposits decreased $966.1 million over that period.

Nonperforming loans increased $30.5 million to $127.5 million compared with June 30, 2025. The allowance for credit losses on loans was 1.06% of total loans, flat with a year earlier. Net charge-offs were $34.8 million for the six months, compared with $51.3 million.

At June 30, 2026, the unrealized pre-tax net loss on available-for-sale securities was $415.2 million, compared with $290.8 million at December 31, 2025. The unrealized pre-tax net loss on held-to-maturity securities was $477.0 million.

Total shareholders' equity was $8.0 billion, and the total risk-based capital ratio was 13.80%. The company repurchased 38,158 shares of common stock during the second quarter at an average price of $132.10.

Segments and Outlook

For the six months, Commercial Banking net income was $350.2 million, Institutional Banking net income was $135.0 million and Personal Banking net income was $53.7 million, compared with a net loss of $5.0 million for Personal Banking a year earlier.

The filing contains no numerical guidance. The company said it expects continued volatility in economic markets, including uncertainty about the conflict in Iran and tariffs, and that these conditions could affect its balance sheet and income statement for the remainder of the year.