UMB Financial: ahead of almost everyone like it.
- Industry
- National Commercial Banks
- Ticker
- UMBF (Nasdaq)
- Sources
- SEC filings (1994–2026), Stratrix's verified Decision Cases, market data and official economic statistics
- Data as of
- November 15, 2026
- Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 195% in US dollars; the median among 311 large financial companies grew 81%. It outgrew 80% of them.
- Profitable every year. UMB Financial made money in each of its last ten fiscal years, from $0.2 billion (2016) to $0.7 billion (2025).
Financial results
| Fiscal year | Revenue | Net income |
|---|
As reported in its annual filings. Losses in red.
Has UMB Financial had layoffs?
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | 3,599 | December 31, 2023 |
| 10-K for 2024 | 3,698 | December 31, 2024 |
| 10-K for 2025 | 5,222 | December 31, 2025 |
Job cuts, severance and restructuring
The company reported significant non-recurring costs tied to combining operations with HTLF, which include severance and employment-related costs, and expects to keep incurring them.
“The Company has incurred, and expects to continue to incur, significant non-recurring costs associated with combining the operations of HTLF with its operations.” 10-K for 2024
The company incurred non-recurring integration costs from combining HTLF operations, including severance and employment-related costs.
“These costs include legal, financial advisory, accounting, consulting and other advisory fees, severance/employment-related costs, public company filing fees and other regulatory fees, printing costs and other related costs.” 10-K for 2025
Salaries and benefits expense rose in 2025 mainly because of higher severance, retention bonuses and change in control payments to HTLF associates and higher bonus expense.
“The 2025 variances in salaries and employee benefits are primarily driven by increased severance, retention bonuses, and change in control payments made to HTLF associates, as well as higher bonus expense due to higher company performance.” 10-K for 2025
UMB Financial has filed no restructuring notice (Form 8-K, Item 2.05) since 2016. Companies file one only for a cut they judge material, so many announced layoffs never appear as one. This page shows what the company reported to the SEC, not news reports or state layoff notices.
What has UMB Financial acquired?
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
healthcare savings account business“On November 18, 2022, the Company acquired a healthcare savings account business, which included $ 383.0 million of deposits.” 10-K for 2023 | acquisition | November 18, 2022 | — |
bank branch“On March 28, 2022, the Company acquired a bank branch.” 10-K for 2023 | acquisition | March 28, 2022 | — |
Heartland Financial USA, Inc. (HTLF)“On January 31, 2025, the Company acquired all of the outstanding stock of Heartland Financial USA, Inc., a Delaware corporation (HTLF), in an all-stock transaction, issuing a total of 23.6 million shares of the Company’s common stock and 4.6 million depositary shares, each representing a 1/400th interest in a share of the Company’s 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (the Company’s preferred stock).” 10-K for 2024 | acquisition | January 31, 2025 | 23.6 million shares of the Company's common stock and 4.6 million depositary shares |
Heartland Financial USA, Inc.“On January 31, 2025, the Company acquired all of the outstanding stock of Heartland Financial USA, Inc., a Delaware corporation (HTLF), in an all-stock transaction, issuing a total of 23.6 million shares of the Company’s common stock and 4.6 million depositary shares, each representing a 1/400th interest in a share of the Company’s 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A (the Company’s preferred stock).” 10-K for 2025 | acquisition | January 31, 2025 | all-stock transaction, issuing a total of 23.6 million shares of the Company’s common stock and 4.6 million depositary shares |
| Fiscal year ended | Goodwill from acquisitions |
|---|---|
| 2016-12-31 | $50,000 |
| 2022-12-31 | $7.7 million |
Deal filings since 2016
- 2025-02-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-05-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-04-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-28 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-09-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-09-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-20 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-04-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
What are UMB Financial's subsidiaries?
Subsidiaries it lists
| Subsidiary | Jurisdiction |
|---|---|
| UMB Bank, n.a. | United States |
| UMB Bank & Trust, n.a. | Missouri |
| UMB Capital Corporation | Missouri |
| UMB Banc Leasing Corp. | Missouri |
| UMB Trust Company of South Dakota | South Dakota |
| UMB Insurance, Inc. | Missouri |
| Kansas City Realty Company | Kansas |
| UMB Realty Company LLC | Delaware |
| Kansas City Financial Corporation | Kansas |
| UMB Colorado Property, LLC | Colorado |
| Conifer Properties LLC | Missouri |
| UMB Foreign LLC | Delaware |
| UMBF Trust and Agency Services (Ireland) Limited | Dublin, Ireland |
| UMB Delaware Inc. | Delaware |
| 1268 South Jones Spring Lane, LLC | Missouri |
| DB&T Community Development Corp. | Iowa |
| Heartland Financial USA, Inc. Insurance Services | Delaware |
| UMBCDC, Inc. | Missouri |
| UMB Fund Services, Inc. | Wisconsin |
| UMB Financial Services, Inc. | Missouri |
| UMB Asset Management, LLC | Delaware |
| UMB Management Equity Holdings, Inc. | Delaware |
| UMB Merchant LLC | Delaware |
| UMB Family Wealth - KS Halite LLC | Delaware |
| KS Halite LLC | Delaware |
| UMB Family Wealth - FW Tessera Horizon LLC | Delaware |
| FW Tessera Horizon LLC | Delaware |
| UMB Family Wealth - FW Tessera LLC | Delaware |
| FW Tessera LLC | Delaware |
| UMB Family Wealth - FW Tessera Royale LLC | Delaware |
| FW Tessera Royale LLC | Delaware |
From Exhibit 21 of the 10-K for 2025. Companies must list their significant subsidiaries there and may leave out smaller ones, so this is the company’s own list, not every entity it owns.
Layoffs, acquisitions, competitors and subsidiaries are read from UMB Financial’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023), as of 2026-02-26.
Everything behind these findings, ready for your board deck.
- Market reaction to disclosed decisions: 28 decision filings since 2016, each linked to the SEC, with the share return against its sector and the US market the next day and the next year (21 with market data).
- Peer comparison: against 505 companies of its size in its sector.
- Financial results: ten years of revenue, operating and net income, and every annual report, linked.
- Methods and sources, so each number can be checked and cited.
The full data sheet downloads with the Data Plan. To see exactly what you get first, open the Boeing sample PDF or Excel.
Tools to try
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- SMART goal builderFramework: SMART Goals
- SWOT builderFramework: SWOT Analysis
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