# UMB Financial Q3 2026 Earnings Results

> UMB Financial reports record loan growth and announces Eldorado Savings Bank acquisition to expand West Coast retail presence.
- Title: UMB Financial Q3 2026 Earnings Results · The Motley Fool
- Summary: UMB Financial reports record loan growth and announces Eldorado Savings Bank acquisition to expand West Coast retail presence. UMB Financial achieved $272.3…
- Keywords: umb financial, umbf, q3 2026, eldorado savings bank, acquisition, loan production, net income, institutional banking, fund services, corporate trust, finance, money
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/10/28/umb-financial-umbf-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-10-28T16:24:39+00:00
- Read time: 2 min
- Topics: umb financial, umbf, q3 2026, eldorado savings bank, acquisition, loan production, net income, institutional banking, fund services, corporate trust, finance, money
## Q3 2026 Results
UMB Financial reported net income of $272.3 million, or $3.56 per diluted share, representing a 51.0% increase versus the prior year.
## Record Loan Production
The company achieved $3.1 billion in total gross loan production, driving net loan growth of $1.4 billion for the quarter.
## Average Loans Growth
Average loans increased to $41.7 billion, representing 11.1% annualized growth compared to the previous quarter.
## Commercial and Industrial Growth
Commercial and industrial loan balances grew to $18.5 billion, reflecting a 21.5% annualized increase driven by activity in St. Louis, Texas, and Utah.
## Operating Return on Tangible Equity
Operating return on tangible common equity reached 19.5% for the third quarter, supported by strong fee income and balance sheet growth.
## Net Charge-offs and NPLs
Net charge-offs totaled 13 basis points of average loans, while nonperforming loans improved to 28 basis points from 31 basis points in the second quarter.
## Institutional Banking Fee Growth
Institutional banking fee income increased 3.2% linked-quarter, contributing to an 18% year-to-date increase.
## Fund Services Revenue
Fund services revenue increased $4.8 million linked quarter, reflecting 8.8% growth in trust and securities processing income.
## Private Wealth Growth
Private wealth teams added $1.2 billion in net new assets through September, matching full-year 2025 levels.
## Operating Leverage
Operating leverage reached 11.5% year to date as management maintained expense discipline alongside revenue growth.
## Eldorado Savings Bank Acquisition
UMB Financial agreed to acquire Eldorado Savings Bank for approximately $500 million cash and stock, adding 35 branches, $2.1 billion in deposits, and $500 million in loans.
## Acquisition Deposit Costs
Eldorado's deposit cost of 88 basis points is expected to lower total cost of deposits by four basis points upon closing.
## Net Interest Margin
Net interest margin remained flat at 3.32% on a fully taxable equivalent basis compared to the linked quarter.
## Average Deposits Growth
Average deposits increased to $58.2 billion, an increase of 1.1% from the linked quarter despite expected seasonal disbursements.
## Demand Deposit Decline
Demand deposit account balances declined 6.1% linked-quarter, reflecting expected seasonal outflows within institutional banking.
## Noninterest Expense
Noninterest expense totaled $399.5 million with fourth quarter operating expense projected to range from $404 million to $405 million.
## Key takeaway

UMB Financial achieved $272.3 million net income with 51% year-over-year increase and announced acquisition of Eldorado Savings Bank for $500 million to boost West Coast retail deposits.