UMB Bank reports $180M in quarterly profits

Kansas City-based UMB Financial Corp. (Nasdaq: UMBF) recorded a 64.5% increase in net income available to common shareholders during the third quarter.

The company, which operates two UMB Bank branches in Springfield, reported bottom-line profits of $180.4 million, compared with $109.6 million in the same quarter of 2024, according to a news release. Year-over-year diluted share earnings rose to $2.36 from $2.23 per share.

UMB officials cited the ongoing impact of the company's acquisition of Heartland Financial USA Inc. (Nasdaq: HTLF), which closed Jan. 31. UMB completed the systems and brand conversion of Heartland earlier this month.

“We are extremely pleased to have completed the final milestone of our Heartland Financial USA Inc. acquisition by successfully executing the systems and brand conversion following the third quarter,” said Mariner Kemper, UMB chair and CEO, in the release. “I am incredibly proud of the teams that have been working around the clock to make this a smooth and seamless transition for all our clients as well as our associates, and [we] are excited to be operating as one company."

As of Sept. 30, UMB's assets were $71.9 billion and deposits were $60.1 billion.

UMBF shares were trading at $109.69 as of 9:31 a.m., compared with a 52-week range of $82 to $129.94 per share.