Analyst Consensus ?
ConsensusBuy19 ratings
Bullish1157.9%
Neutral842.1%
Bearish00.0%
UMB Financial Corporation · UMBF · FY2025 Q3 · Calendar Q4 2025
UMB Financial: Record lending and completed integration, with credit and margin risks
The supplied analysis depicts strong loan demand, fee growth and acquisition synergies as supports for earnings, but the durability of that growth depends on credit quality, deposit costs and steadier investment-related fees.
Reported After market closeNASDAQFinancial Services
$10.44B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.70
Consensus $2.50
EPS surprise
+8.0%
Reported versus consensus
Reported revenue
$1.09B
Consensus $661.6M
Revenue surprise
+64.4%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-3.2%
Event window
SPY move
+0.0%
Same window
Abnormal move
-3.3%
Stock minus SPY
Volume
2.2×
Versus trailing sessions
Subsequent drift
+3.1%
Up to 20 sessions
UMBFSPY benchmark
Ask FN2 about UMBF FY2025 Q3
Transcript, numbers and history already loaded
Why did UMBF fall 3.2% after beating EPS estimates in FY2025 Q3?What changed in UMBF's guidance and outlook in FY2025 Q3?Give me the bull and bear case for UMBF after FY2025 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, Heartland integration is now described as complete, with realized annualized cost synergies and additional savings expected in Q1 2026. The current analysis also highlights record $2 billion gross loan production and a $38 million fee-income swing tied to Voyager stock valuation.
Guidance delta
Management's outlook is characterized as maintained. The analysis says management expects flat margin in Q4 despite rate cuts and plans continued organic loan growth and cost savings; no new numerical guidance change is supplied.
Key takeaways
- Record gross loan production reached $2 billion, with loan production described as growing 8% annualized.
- Fee income rose 12.4% year over year, supported by institutional assets under administration and trust services.
- Heartland integration is complete; the analysis cites $70 million of annualized cost synergies and $30 million of additional savings in Q1 2026.
- A $38 million swing from Voyager stock valuation weighed on quarterly fee income, showing exposure to investment marks.
Management priorities
- Complete remaining cost-saving initiatives after Heartland conversion.
- Expand mortgage lending and cross-sell to Heartland customers.
- Pursue selective acquisitions to add low-cost deposits.
- Invest in technology and talent for institutional and wealth businesses.
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$136.81Current
$110Low
$160.37Average
$190High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Buy | Buy | Maintain | Oct 29, 2026 |
| Piper Sandler | Overweight | Overweight | Maintain | Oct 29, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Oct 29, 2026 |
| Truist Securities | Buy | Buy | Maintain | Oct 20, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 9, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Oct 1, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Sep 30, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Sep 28, 2026 |
| Barclays | Overweight | Overweight | Maintain | Aug 3, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Jul 30, 2026 |
| Raymond James | Strong Buy | Strong Buy | Maintain | Oct 30, 2025 |
| Janney Montgomery Scott | Buy | Neutral | Upgrade | Oct 26, 2023 |
| Bank of America | Neutral | Buy | Downgrade | Jan 10, 2019 |
| B of A Securities | Neutral | Buy | Downgrade | Jan 10, 2019 |
| PiperJaffray | Neutral | Neutral | Maintain | Feb 2, 2018 |
| FBR Capital | Perform | Market Perform | Maintain | Jan 10, 2017 |
| Keefe Bruyette & Woods | Market Perform | Market Perform | Maintain | Jul 28, 2016 |
| Sterne Agee | Buy | Buy | Maintain | May 18, 2012 |
| FIG Partners | Market Perform | Market Perform | Maintain | Apr 30, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $136.8. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Piper Sandler | Nathan Race | $169 | $132.34 | +23.5% | Oct 29, 2026 |
| RBC Capital | Jon Arfstrom | $168 | $129.86 | +22.8% | Oct 9, 2026 |
| Wells Fargo | Analyst unavailable | $147 | $131.84 | +7.5% | Sep 29, 2026 |
| Morgan Stanley | Brian Wilczynski | $182 | $134.8 | +33.0% | Sep 28, 2026 |
| UBS | Analyst unavailable | $155 | $139.49 | +13.3% | Sep 14, 2026 |
| Morgan Stanley | Analyst unavailable | $190 | $143.76 | +38.9% | Sep 8, 2026 |
| Raymond James | David Feaster | $165 | $144.54 | +20.6% | Aug 27, 2026 |
| Wells Fargo | Terry McEvoy | $160 | $145.6 | +17.0% | Aug 10, 2026 |
| Truist Financial | Brian Foran | $170 | $147.04 | +24.3% | Aug 4, 2026 |
| Barclays | Analyst unavailable | $175 | $145.73 | +27.9% | Aug 3, 2026 |
| RBC Capital | Analyst unavailable | $170 | $147.52 | +24.3% | Jul 30, 2026 |
| Piper Sandler | Analyst unavailable | $181 | $148.27 | +32.3% | Jul 30, 2026 |
| Stephens | Brandon Rud | $167 | $142.61 | +22.1% | Jul 14, 2026 |
| Truist Financial | Analyst unavailable | $161 | $144.53 | +17.7% | Jul 10, 2026 |
| Wells Fargo | Analyst unavailable | $139 | $143.8 | +1.6% | Jul 6, 2026 |
| Morgan Stanley | Analyst unavailable | $159 | $142.84 | +16.2% | Jun 29, 2026 |
| Piper Sandler | Analyst unavailable | $161 | $143.41 | +17.7% | Jun 26, 2026 |
| Neuberger Berman | Brandon Berman | $152 | $128.9 | +11.1% | May 4, 2026 |
| Truist Financial | Analyst unavailable | $140 | $128.64 | +2.3% | May 1, 2026 |
| RBC Capital | Analyst unavailable | $142 | $124.95 | +3.8% | Apr 30, 2026 |
| Piper Sandler | Analyst unavailable | $155 | $124.22 | +13.3% | Apr 30, 2026 |
| Barclays | Analyst unavailable | $170 | $124.22 | +24.3% | Apr 30, 2026 |
| Truist Financial | Brian Foran | $150 | $126.6 | +9.6% | Jan 30, 2026 |
| Raymond James | Analyst unavailable | $145 | $124.66 | +6.0% | Jan 29, 2026 |
| Piper Sandler | Analyst unavailable | $152 | $124.66 | +11.1% | Jan 29, 2026 |
| Barclays | Analyst unavailable | $160 | $124.66 | +17.0% | Jan 29, 2026 |
| RBC Capital | Jon Arfstrom | $134 | $119.51 | -2.1% | Jan 12, 2026 |
| Piper Sandler | Analyst unavailable | $145 | $108.68 | +6.0% | Oct 30, 2025 |
| RBC Capital | Jon Arfstrom | $128 | $118.67 | -6.4% | Oct 10, 2025 |
| Barclays | Analyst unavailable | $155 | $118.39 | +13.3% | Oct 8, 2025 |
| Morgan Stanley | Analyst unavailable | $154 | $119.43 | +12.6% | Sep 29, 2025 |
| Wells Fargo | Analyst unavailable | $130 | $119.43 | -5.0% | Sep 29, 2025 |
| Barclays | Jared Shaw | $150 | $110.8 | +9.6% | Jul 31, 2025 |
| Neuberger Berman | Brandon Berman | $124 | $110.21 | -9.4% | Jul 13, 2025 |
| Truist Financial | Brian Foran | $128 | $110.21 | -6.4% | Jul 11, 2025 |
| Piper Sandler | Nathan Race | $135 | $100.7 | -1.3% | Jun 13, 2025 |
| Wells Fargo | Timur Braziler | $110 | $97.78 | -19.6% | May 1, 2025 |
| Neuberger Berman | Brandon Berman | $105 | $91.05 | -23.2% | Apr 16, 2025 |
| Morgan Stanley | Brian Wilczynski | $156 | $93.35 | +14.0% | Nov 21, 2024 |
| Barclays | Jared Shaw | $123 | $111.14 | -10.1% | Oct 31, 2024 |
| Citigroup | Benjamin Gerlinger | $130 | $111.14 | -5.0% | Oct 31, 2024 |
| Barclays | Jared Shaw | $118 | $103.62 | -13.7% | Sep 26, 2024 |
| Barclays | Jared Shaw | $114 | $102.02 | -16.7% | Aug 1, 2024 |
| Barclays | Jared Shaw | $100 | $79.6 | -26.9% | Jun 24, 2024 |
| Barclays | Jared Shaw | $95 | $77.75 | -30.6% | Apr 30, 2024 |
| Wells Fargo | Timur Braziler | $90 | $77.75 | -34.2% | Apr 30, 2024 |
| Raymond James | Analyst unavailable | $110 | $90.32 | -19.6% | Jul 28, 2022 |
| Raymond James | Analyst unavailable | $108 | $88.75 | -21.1% | Jul 7, 2022 |
| Wells Fargo | Analyst unavailable | $100 | $92.02 | -26.9% | Apr 28, 2022 |
| Raymond James | Analyst unavailable | $113 | $94.58 | -17.4% | Apr 28, 2022 |
Track every rating change on UMBF the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationUMB Financial Corporation serves as the holding company for UMB Bank, delivering a comprehensive array of banking and financial solutions. Its Commercial Banking division provides businesses with essential services, including commercial loans, credit cards, and real estate financing. This segment also offers letters of credit, loan syndication, and consultative support. Furthermore, it delivers specialized business solutions such as asset-based lending, accounts receivable financing, mezzanine debt, and minority equity investments. Comprehensive treasury management services are also available, encompassing depository functions, account reconciliation, cash management tools, accounts payable and receivable solutions, electronic funds transfers, automated payments, controlled disbursements, lockbox services, and remote deposit capture. The Institutional Banking division caters specifically to institutional clients, offering asset management and healthcare services.…
Historical context
All UMBF earningsFinancial Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| APO Apollo Global Management, Inc. | FY2026 Q3 · Calendar Q4 2026 | — | -4.4% | Apollo posts record Q3 earnings; maintains 2027 growth outlook |
| EQH-PA Equitable Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +14.5% | — | Equitable Holdings: EPS Growth, Corebridge Synergies in Focus |
| CRBG Corebridge Financial, Inc. | FY2026 Q3 · Calendar Q4 2026 | -0.8% | +2.5% | Corebridge’s operating earnings grew, while revenue fell short of consensus |
Latest beats and misses
Who reports nextBeat on EPS
- EQH-PAFY2026 Q3 · November 2, 2026+14.5% EPS— move
- WMBFY2026 Q3 · November 2, 2026+0.2% EPS+3.5% move
- TSEMFY2026 Q3 · November 2, 2026+7.5% EPS-6.7% move
- CLXFY2027 Q1 · November 2, 2026+44.9% EPS+2.2% move
- AAPLFY2026 Q4 · November 2, 2026+3.0% EPS-1.8% move
- PLTRFY2026 Q3 · November 2, 2026+8.3% EPS-3.1% move
Missed on EPS
- CRBGFY2026 Q3 · November 2, 2026-0.8% EPS+2.5% move
- VRTXFY2026 Q3 · November 2, 2026-1.2% EPS-1.0% move
- PEGFY2026 Q3 · November 2, 2026-3.4% EPS+0.1% move
- RYAAYFY2027 Q2 · November 2, 2026-0.3% EPS+2.9% move
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
Get the UMBF recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-03T15:50:46.133162+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T15:50:46.130403+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-03. For educational purposes only; not investment advice.