UMB FINANCIAL Business Summary

UMB Financial Corp (UMBF) operates as a diversified financial holding company that generates revenue through two primary streams: net interest income from its lending and investment portfolios, and non-interest income derived from fee-based services including trust and securities processing, bankcard fees, and asset servicing. The company’s operations are organized into three core business segments: Commercial Banking, which serves small to middle-market businesses and acts as the firm’s primary revenue driver; Institutional Banking, providing fund services and custody solutions; and Personal Banking, offering retail and wealth management services. Following its landmark $2.0 billion acquisition of Heartland Financial USA in early 2025, UMB expanded its footprint to 13 states across the Midwest and Southwest. It competes directly with regional peers such as Commerce Bancshares, BOK Financial, Ameris Bancorp, and Old National Bancorp, positioning itself as a high-performing mid-cap leader with a significantly more diversified fee-income profile than many traditional regional banks. Founded in 1913 by the Kemper family, the company remains under the leadership of J. Mariner Kemper, a fifth-generation banker who has served as Chairman and CEO since 2004. The executive leadership team includes Jim Rine, who serves as President of UMB Financial and CEO of UMB Bank, and Ram Shankar, the Executive Vice President and Chief Financial Officer. Technology and product strategy are led by Uma Wilson, the Chief Information and Product Officer, who recently managed the complex systems integration of the Heartland acquisition. The Board of Directors features notable members such as Alexander Kemper and independent directors including Robin Beery and Greg Graves. UMB maintains a robust institutional investor base, with significant holdings by firms such as Vanguard Group, T. Rowe Price, and BlackRock, reflecting its status as a stable institution with a track record of 32 consecutive years of dividend increases as of early 2026.