UMB Financial (UMBF) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 29, 2026 astatine 11:06 AM CDT 35 min read

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Date

Wednesday, April 29, 2026 astatine 9:30 a.m. ET

Call participants

• Chairman and CEO — J. Mariner Kemper

• Chief Financial Officer — Ram Shankar

• President, UMB Financial Corporation and CEO, UMB Bank — James D. Rine

• Chief Credit Officer — Thomas Terry

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Full Conference Call Transcript

J. Mariner Kemper, Chairman and CEO, and Ram Shankar, CFO, volition stock a fewer comments astir our results. Then we volition unfastened the telephone for questions from equity probe analysts. James D. Rine, president of the holding institution and CEO of UMB Bank, on with Thomas Terry, main recognition officer, volition beryllium disposable for the question-and-answer session. Before we begin, fto maine punctual you that today’s presumption contains forward-looking statements, including the treatment of aboriginal fiscal and operating results, arsenic good arsenic different opportunities absorption foresees. Forward-looking statements and immoderate pro forma metrics are taxable to assumptions, risks, and uncertainties arsenic outlined successful our SEC filings and summarized successful our presumption connected Slide 50.

Actual results whitethorn disagree from those acceptable distant successful forward-looking statements, which talk lone arsenic of today. We undertake nary work to update them but to the grade required by securities laws. Presentation materials are disposable online astatine investorrelations.unb.com and see reconciliations of non-GAAP fiscal measures. All per-share metrics notation to communal shares and are connected a diluted stock basis. Now I volition crook the telephone implicit to J. Mariner Kemper.

J. Mariner Kemper: Thank you, Kay, and bully morning, everyone. We volition stock immoderate little comments and unfastened it up for questions. We reported different beardown quarter, with results good up of expectations.

We had 10.8% linked-quarter annualized indebtedness growth, boosted by $2.3 cardinal successful gross production; 9 ground points of halfway borderline expansion, driven by a 24 ground constituent alteration successful the outgo of interest-bearing deposits; high-quality recognition metrics, including 19 ground points of nett charge-offs, and proviso of $27 million, driven mostly by the $1.4 cardinal summation successful period-end indebtedness balances; and, finally, continued momentum successful our interest businesses, with beardown contributions from firm trust, concern banking, and money services, wherever assets nether medication accrued astir $20 cardinal from the anterior 4th and basal astatine $565 billion.

I volition fto Ram get into much item astir our results successful a moment, but first, I would similar to code immoderate of the headlines astir the backstage recognition industry, which look to exaggerate exposures and risks astatine determination banks. Private recognition has been astir for years and has been, and volition proceed to be, an important portion of superior enactment connected a planetary basis. We person heard immoderate interest that, owed to our varied lines of business, we whitethorn person immoderate outsized exposures that could interaction our performance.