UMB Financial Corporation

What UMB Financial Corporation does

UMB Financial Corporation (NASDAQ: UMBF) is a publicly traded regional bank holding company founded in 1913 and headquartered in Kansas City, Missouri. Following the January 2025 acquisition of Heartland Financial USA — the largest transaction in company history — UMB operates 192 branches and 347 ATMs across 13 states with $71.8 billion in total assets and a $10.4 billion market capitalization. The company is organized around three core segments: Commercial Banking (deposits, lending, and investment services for businesses), Personal Banking (wealth management and financial planning for individuals), and Institutional Banking (asset servicing, corporate trust, investment banking, and healthcare services).

UMB generates revenue primarily through net interest income (driven by $2.3 billion in Q1 2026 loan production and a 3.05% core net interest margin) and non-interest income from institutional services ($204.8 million in Q1 2026). Its Institutional Custody platform manages $250 billion in assets under custody (+19% YoY), serving municipal governments, insurance companies, and asset managers. Through its UMB Fund Services subsidiary, UMB serves as transfer agent for approximately half of U.S. assets in unlisted registered closed-end funds and, as of June 2026, integrates iCapital's distributed ledger technology network to enable blockchain-based data interoperability across alternative-investment onboarding, subscription processing, and servicing workflows.

The company's go-to-market combines an enterprise field sales motion for institutional custody, fund administration, and corporate trust with a 13-state branch network for commercial and personal banking. Distribution is supplemented by digital banking platforms (online, mobile, HSA). UMB maintains a 47.6% operating efficiency ratio, sub-0.2% net charge-offs, less than 1% private credit exposure, and 55 consecutive years of dividend payments — characteristics of a conservatively underwritten regional franchise currently scaling through acquisition-led geographic expansion and organic loan and custody growth.

Name

UMB Financial Corporation

Legal name

UMB Financial Corporation

Website

https://umbfinancial.com

Company type

Public

Founded year

1913

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

UMB Financial Corporation is a publicly traded regional bank (NASDAQ: UMBF) headquartered in Kansas City with $71.8B in assets across 13 states, providing commercial, personal, and institutional banking plus a $250B-asset custody and fund administration platform serving municipalities, insurers, and asset managers.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Commercial Banking (52211), Portfolio Management and Investment Advice (523940)

SIC

National Commercial Banks (6021)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC), Managed Accounts & Model Portfolios (SMA/UMA) (FSAAAAAG)

Keywords

• Commercial banking services
• Institutional custody services
• Fund administration
• Personal banking
• Wealth management solutions

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Net Interest Income: Interest income from loan portfolio including commercial and consumer lending. Q1 2026 showed 10.8% annualized loan growth driven by $2.3 billion in gross production and nine basis points of sequential core net interest margin expansion to 3.05%. Heartland Financial acquisition boosted earning assets by 52.7% year-over-year and net interest income by 90.5%.
2. Non-Interest Income: Fee income from institutional services including asset servicing, corporate trust, and investment banking. Q1 2026 non-interest income increased 3.2% to $204.8 million. Institutional business assets under administration surpassed $0.5 trillion.
3. Institutional Custody and Fund Administration Fees: Fees from custody services for institutional clients including municipal governments, insurance companies, and asset managers. UMB Fund Services serves as transfer agent for approximately half of U.S. assets for unlisted registered closed-end funds.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

UMB Financial Corporation operates a diversified regional banking platform providing commercial banking (deposits, lending, investment services), personal banking (wealth management and financial planning), and institutional banking (asset servicing, corporate trust, investment banking, healthcare services). Through its UMB Fund Services subsidiary, it offers fund administration for alternative investments, and its Institutional Custody business manages $250 billion in assets under custody for municipal governments, insurance companies, and asset managers.

Product overview

UMB Financial Corporation offers a diversified financial services platform consisting of three core business segments: commercial banking (deposits, lending, investment services), personal banking (wealth management, financial planning), and institutional banking (asset servicing, corporate trust, investment banking, healthcare services). The company operates UMB Fund Services as a subsidiary focused on fund administration for alternative investments, and maintains an Institutional Custody business that reached $250 billion in assets under custody as of March 2026.

Differentiator

Problem solved

Functional benefit

Products and services

• Commercial Banking Comprehensive commercial banking services including deposit products, lending solutions, and investment services for business customers across UMB's 13-state regional network.
• Personal Banking Personal banking services including wealth management and financial planning services for individual customers, delivered through the branch network, ATMs, and digital banking channels.
• Institutional Banking Institutional banking services including asset servicing, corporate trust solutions, investment banking, and healthcare services for institutional clients.
• Institutional Custody Services Custodial services for institutional clients including municipal governments and insurance sectors, supporting private and semi-liquid funds with liquidity solutions; manages $250 billion in assets under custody as of March 2026.
• UMB Fund Services Fund administration operations for alternative investments provided through UMB Fund Services, integrating distributed ledger technology for secure exchange of investor and fund data across participants. UMB Fund Services serves as transfer agent for approximately half of U.S. assets for unlisted registered closed-end funds.

Quantifiable outcome

• 29.37% year-over-year revenue growth in Q1 2026
• +5 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• iCapitalcoreTechnology or Integration · 22 June 2026iCapital, a global fintech company, partnered with UMB Fund Services (a subsidiary of UMB Financial Corporation) to expand its distributed ledger technology network into fund administration operations for alternative investments. The integration creates a shared data model across onboarding, subscription processing, and servicing workflows, reducing manual touchpoints, minimizing reconciliation requirements, and improving operational coordination throughout the investment lifecycle. This collaboration reflects iCapital's continued advancement of blockchain technology from early use cases to real-world deployment, connecting wealth managers, general partners, and fund administrators through a shared data framework to support industry growth.

Scale indicators11 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Webster Financial Corporation: Webster Financial is a $80B+ regional commercial and consumer bank with a growing HSA and institutional-banking franchise, similar in scale and segment mix to UMB post-Heartland.
• Cullen/Frost Bankers: Cullen/Frost is a Texas-based regional bank of comparable scale ($50B+ assets) with commercial, personal, and institutional banking divisions, directly comparable to UMB's tri-segment model and regional commercial-banking focus.
• Wintrust Financial Corporation: Wintrust is a Chicago-based regional bank with a diversified commercial, wealth, and specialty-finance model built significantly via acquisitions — directly analogous to UMB's acquisition-led scaling strategy around Heartland.
• Old National Bancorp: Old National is a Midwest-headquartered regional bank of similar asset size with a comparable commercial, wealth, and treasury-services model, often cited alongside UMB as a Midwest super-regional peer.
• Comerica Incorporated: Comerica is a $80B+ regional bank with a commercial-banking focus and meaningful institutional treasury-management and wealth-management businesses, directly comparable to UMB's institutional custody and commercial lending franchise.
• Western Alliance Bancorporation: Western Alliance is a $80B+ regional commercial bank with strong commercial, real estate, and institutional banking exposure, closely mirroring UMB's diversified regional-banking strategy post-Heartland.
• Pinnacle Financial Partners: Pinnacle is a Southeast-focused commercial bank with a similar relationship-driven, tri-segment model (commercial, personal, wealth), and a comparable post-acquisition growth and asset-quality profile to UMB.
• Zions Bancorporation: Zions is a $80B-asset regional bank holding company operating commercial and wealth-management businesses across multiple western and southwestern states, comparable to UMB in scale and diversified regional banking model.

Broad incumbents

• Northern Trust Corporation: Northern Trust is a larger, established custody and asset-servicing franchise serving institutional and ultra-high-net-worth clients, directly comparable to UMB's institutional custody business but at significantly greater scale.
• State Street Corporation: State Street is a global custodian and fund-services giant, directly comparable to UMB's institutional custody and UMB Fund Services offerings — particularly the transfer-agent role for U.S. closed-end funds — though at vastly larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/umb-financial-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UMB Financial Corporation