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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:4,121,2763,961,7292,638,3842,855,8933,240,9968,033,522
Cash and cash equivalents3,739,6163,523,3041,557,8742,010,5182,116,4876,686,658
Other undisclosed cash, cash equivalents, and short-term investments381,660438,4251,080,510845,3751,124,5091,346,864
Derivative instruments and hedges, assets112,24175,63848,12150,47023,62619,973
Total current assets:4,233,5174,037,3672,686,5052,906,3633,264,6228,053,495
Noncurrent Assets
Operating lease, right-of-use asset   54,600   
Property, plant and equipment255,127260,623263,649260,685257,729264,519
Intangible assets, net (including goodwill)282,569283,811286,109195,598196,690197,915
Goodwill207,385207,385207,385182,225182,225182,225
Intangible assets, net (excluding goodwill)75,18476,42678,72413,37314,46515,690
Total noncurrent assets:537,696544,434604,358456,283454,419462,434
Other undisclosed assets36,471,82936,025,38935,221,59834,218,41633,788,80032,089,813
TOTAL ASSETS:41,243,04240,607,19038,512,46137,581,06237,507,84140,605,742
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities   3,400   
Accrued liabilities   3,400   
Debt1,800,0002,800,0002,159,6872,259,7282,608,2972,754,743
Derivative instruments and hedges, liabilities118,56298,232126,334131,29471,26843,016
Total current liabilities:1,918,5622,898,2322,289,4212,391,0222,679,5652,797,759
Noncurrent Liabilities
Other undisclosed liabilities36,492,85234,894,29933,555,94732,666,49532,185,38835,059,578
Total liabilities:38,411,41437,792,53135,845,36835,057,51734,864,95337,857,337
Equity
Equity, attributable to parent2,831,6282,814,6592,667,0932,523,5452,642,8882,748,405
Common stock55,05755,05755,05755,05755,05755,057
Treasury stock, value(344,023)(344,427)(347,264)(347,163)(347,324)(338,238)
Additional paid in capital1,124,9771,120,8771,125,9491,120,4891,115,5041,109,585
Accumulated other comprehensive loss(685,831)(626,776)(702,735)(759,260)(564,803)(343,128)
Retained earnings2,681,4482,609,9282,536,0862,454,4222,384,4542,265,129
Total equity:2,831,6282,814,6592,667,0932,523,5452,642,8882,748,405
TOTAL LIABILITIES AND EQUITY:41,243,04240,607,19038,512,46137,581,06237,507,84140,605,742

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues461,451408,887367,132300,641248,701221,873
Net investment income461,226408,613366,673300,266248,456221,614
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(13,000)(23,250)(9,000)(22,000)(13,400) 
Gross profit:448,451385,637358,132278,641235,301221,873
Operating expenses(32,241)(28,672)(35,558)(33,388)(33,266)(27,337)
Other operating income (expense), net
(Noninterest Income, Other Operating Income)
17,00414,5768,30211,569(1,705)14,240
Operating income:433,214371,541330,876256,822200,330208,776
Nonoperating income (expense)
(Investment Income, Nonoperating)
900(5,324)(409)(1,345)60,720(522)
Interest and debt expense(235,769)(167,051)(121,646)(66,854)(23,779)(11,444)
Income from continuing operations before equity method investments, income taxes:198,345199,166208,821188,623237,271196,810
Other undisclosed loss from continuing operations before income taxes(88,325)(87,572)(84,976)(79,811)(63,672)(71,055)
Income from continuing operations before income taxes:110,020111,594123,845108,812173,599125,755
Income tax expense(19,910)(19,157)(23,672)(20,822)(36,043)(19,792)
Income from continuing operations:90,11092,437100,17387,990137,556105,963
Income before gain (loss) on sale of properties:87,990137,556105,963
Net income available to common stockholders, diluted:90,11092,437100,17387,990137,556105,963

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:90,11092,437100,17387,990137,556105,963
Other comprehensive income (loss)(59,055)75,95956,525(194,457)(221,675)(469,442)
Comprehensive income (loss), net of tax, attributable to parent:31,055168,396156,698(106,467)(84,119)(363,479)

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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