UMB Financial Corporation (UMBF) Financial Statements (2024 and earlier)

Company Profile

Business Address 1010 GRAND AVE
KANSAS CITY, MO 64106
State of Incorp. MO
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:2,638,38410,472,0845,191,0153,276,7942,319,9541,936,084
Cash and cash equivalents1,557,8749,214,5643,497,5661,669,1701,674,1211,716,262
Short-term investments      54,055
Other undisclosed cash, cash equivalents, and short-term investments1,080,5101,257,5201,693,4491,607,624645,833165,767
Derivative instruments and hedges, assets48,12157,680103,55455,2769,33910,149
Total current assets:2,686,50510,529,7645,294,5693,332,0702,329,2931,946,233
Noncurrent Assets
Operating lease, right-of-use asset 54,60057,10063,40066,800
Property, plant and equipment263,649270,933293,095300,334283,879275,942
Intangible assets, net (including goodwill)286,109188,934201,923208,464195,870201,124
Goodwill207,385174,518180,867180,867180,867180,867
Intangible assets, net (excluding goodwill)78,72414,41621,05627,59715,00320,257
Total noncurrent assets:604,358516,967558,418575,598479,749477,066
Other undisclosed assets35,221,59831,646,75327,274,51722,653,68720,542,07719,348,284
TOTAL ASSETS:38,512,46142,693,48433,127,50426,561,35523,351,11921,771,583
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,4002,7452,3262,2201,6744,197
Interest and dividends payable245326220174197
Employee-related liabilities2,5002,0002,0001,5004,000
Accrued liabilities 3,400     
Debt2,159,6873,225,8382,249,8611,864,6351,512,2411,249,370
Derivative instruments and hedges, liabilities126,33413,9449,3755,9975,5138,906
Total current liabilities:2,289,4213,242,5272,261,5621,872,8521,519,4281,262,473
Noncurrent Liabilities
Other undisclosed liabilities33,555,94736,305,53327,848,99422,082,06319,603,22118,327,579
Total liabilities:35,845,36839,548,06030,110,55623,954,91521,122,64919,590,052
Equity
Equity, attributable to parent2,667,0933,145,4243,016,9482,606,4402,228,4702,181,531
Common stock55,05755,05755,05755,05755,05755,057
Treasury stock, value(347,264)(323,465)(338,145)(277,999)(273,827)(212,206)
Additional paid in capital1,125,9491,110,5201,090,4501,073,7641,054,6011,046,095
Accumulated other comprehensive income (loss)(702,735)126,314318,34083,180(95,782)(45,525)
Retained earnings2,536,0862,176,9981,891,2461,672,4381,488,4211,338,110
Total equity:2,667,0933,145,4243,016,9482,606,4402,228,4702,181,531
TOTAL LIABILITIES AND EQUITY:38,512,46142,693,48433,127,50426,561,35523,351,11921,771,583

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues1,138,347861,977929,065863,905729,813982,144
Net investment income1,137,009860,668807,062860,687729,813615,416
Financial services revenue366,728
Cost of revenue(37,900)(20,000)(130,500)(32,850)(70,750)(41,000)
Provision for loan, lease, and other losses(37,900)(20,000)(130,500)(32,850)(70,750)
Financial services costs(41,000)
Gross profit:1,100,447841,977798,565831,055659,063941,144
Operating expenses(127,232)(113,270)(107,457)(124,231)(115,573)(520,340)
Other operating income, net
(Noninterest Income, Other Operating Income)
32,40642,94141,79940,80333,46734,759
Operating income:1,005,621771,648732,907747,627576,957455,563
Nonoperating income (expense)
(Investment Income, Nonoperating)
58,4445,057  578 
Interest and debt expense(223,723)(46,001)(77,260)(191,987)(121,515)(57,999)
Income from continuing operations before equity method investments, income taxes:840,342730,704655,647555,640456,020397,564
Loss from equity method investments      (1,108)
Other undisclosed loss from continuing operations before income taxes(308,331)(301,644)(316,757)(269,675)(232,426)(160,110)
Income from continuing operations before income taxes:532,011429,060338,890285,965223,594236,346
Income tax expense(100,329)(76,042)(52,388)(42,365)(27,334)(53,370)
Income from continuing operations:431,682353,018286,502243,600196,260182,976
Income before gain (loss) on sale of properties:353,018286,502243,600195,513247,105
Income (loss) from discontinued operations     (747)64,129
Net income available to common stockholders, diluted:431,682353,018286,502243,600195,513247,105

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:431,682353,018286,502243,600195,513247,105
Other comprehensive income (loss)(829,049)(192,026)235,160178,962(50,257)12,017
Comprehensive income (loss):(397,367)160,992521,662422,562145,256259,122
Comprehensive income, net of tax, attributable to noncontrolling interest    1,023  
Other undisclosed comprehensive loss, net of tax, attributable to parent    (1,023)  
Comprehensive income (loss), net of tax, attributable to parent:(397,367)160,992521,662422,562145,256259,122

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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