UMB Financial CorporationUMBF
NasdaqGS•Financial Services•Banks - Regional
UMB Financial Corporation operates as a bank holding company that provides banking services and asset servicing in the United States and internationally. The company operates through three segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment provides commercial loans and credit cards; commercial real estate financing; letters of credit; loan syndication, and consultative services; various business solutions including asset-based lending, mezzanine debt, and minority equity investment; and treasury management service, such as depository service, account reconciliation, cash management tool, accounts payable and receivable solution, electronic fund transfer and automated payment, controlled disbursement, lockbox service, and remote deposit capture service. The Institutional Banking segment offers banking, fund, asset management, and healthcare services to institutional clients; fund administration and accounting, investor services and transfer agency, alternative investment services, fixed income sales, trading and underwriting, and corporate trust and escrow services, as well as institutional custody services. This segment also provides healthcare payment solutions, including custodial service for health saving accounts and private label, multipurpose debit cards to insurance carriers, third-party administrators, software companies, employers, and financial institutions. The Personal Banking segment offers deposit account, retail credit card, private banking, installment loan, home equity line of credit, residential mortgage, as well as internet banking, ATM network, private banking, brokerage and insurance service, and investment advisory, trust, and custody services. It operates through a network of branches and offices. The company was founded in 1913 and is headquartered in Kansas City, Missouri.
UMB Financial Corporation (UMBF) reported trailing twelve months revenue of $4.31B as of March 2026, a 42.6% increase year-over-year. Quarterly revenue reached $1.07B, reflecting continued top-line momentum.
UMB Financial Corporation generated $882.50M in TTM net income, with quarterly EBITDA of $366.37M. The operating margin expanded from 10.3% to 30.9%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (30.9%) and net margin (24.4%) indicates moderate non-operating costs. Net margin has improved from 9.0% a year ago, signaling stronger bottom-line efficiency.
UMBF trades at a P/E of 9.5x (below the broader market average) and a P/S of 1.9x. The price-to-book ratio of 1.1x reflects a moderate premium to book value.
The company generated $361.27M in free cash flow over the trailing twelve months, a 0.5% decrease year-over-year, indicating cash generation ability. The balance sheet shows $72.67B in total assets with $477.16M in long-term debt against $7.83B in stockholders equity for a debt-to-equity ratio of 0.1, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~21.4%, suggesting durable pricing power and cost discipline.
ROE is positive at ~9.7% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (7 of 7 quarters up), with ~65.6% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~25.8% — no sign of cost or pricing stress.
FCF covers net income by 1.3x on average — earnings are well-supported by cash generation.
D/E ratio is 0.1 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 56.0% — significant dilution, likely from stock compensation or capital raises.