UMB Financial Corporation reported significant financial growth in its latest 10-Q filing for the quarter ending June 30, 2025, driven largely by its acquisition of Heartland Financial USA, Inc. (HTLF). The company recorded net income available to common shareholders of $215.4 million, a substantial increase from $101.3 million in the same quarter of the previous year. This translates to a basic earnings per share of $2.84, compared to $2.08 a year earlier. For the first half of 2025, net income reached $294.7 million, up from $211.6 million in the prior year, reflecting a strong performance across its business segments.
Total assets surged to $71.8 billion as of June 30, 2025, marking a 42.4% increase from $50.4 billion at the end of 2024. This growth was primarily attributed to a $11.2 billion increase in loans, which reached $36.8 billion, and a $4.4 billion rise in securities available for sale. The acquisition of HTLF contributed significantly to these figures, adding $9.7 billion in loans and $3.7 billion in securities. The company’s total deposits also increased by $16.8 billion, or 39%, to $60 billion, further solidifying its financial position.
In terms of operational metrics, UMB Financial reported a net interest income of $467 million for the second quarter, a 90.5% increase from the previous year, driven by a 52.9% rise in average loans and a 91% increase in average interest-bearing due from banks. The net interest margin improved to 3.10%, up from 2.51% in the same quarter of 2024. The provision for credit losses also rose to $21 million for the quarter, reflecting the impact of the HTLF acquisition and changes in macroeconomic conditions.
The company has strategically aligned its operations into three segments: Commercial Banking, Institutional Banking, and Personal Banking. Each segment showed growth, with Commercial Banking net income increasing by 94.9% year-over-year. The acquisition of HTLF has been a key driver of this growth, enhancing UMB's market share in several states and expanding its service offerings. Looking ahead, UMB Financial anticipates continued volatility in economic conditions, which may impact its financial performance, but remains focused on improving operational efficiencies and growing its revenue streams.
About UMB FINANCIAL CORP
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