Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 283

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 283
---
 50,409,664

    $
    44,011,674

See Notes to Consolidated Financial Statements.

74

UMB FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF INCOME

(dollars in thousands, except share and per share data)

    Year Ended December 31,

    2024

    2023

    2022

    INTEREST INCOME

    Loans
     
    $
    1,612,948

    $
    1,399,961

    $
    810,007

    Securities:

    Taxable interest

    257,562

    214,981

    192,121

    Tax-exempt interest

    99,375

    102,197

    97,190

    Total securities income

    356,937

    317,178

    289,311

    Federal funds and resell agreements

    17,628

    17,647

    19,109

    Interest-bearing due from banks

    182,145

    103,190

    18,582

    Trading securities

    1,351

    729

    511

    Total interest income

    2,171,009

    1,838,705

    1,137,520

    INTEREST EXPENSE

    Deposits

    982,302

    704,210

    167,553

    Federal funds and repurchase agreements

    106,558

    93,026

    40,703

    Other

    81,257

    121,353

    15,467

    Total interest expense

    1,170,117

    918,589

    223,723

    Net interest income

    1,000,892

    920,116

    913,797

    Provision for credit losses

    61,050

    41,227

    37,900

    Net interest income after provision for credit losses

    939,842

    878,889

    875,897

    NONINTEREST INCOME

    Trust and securities processing

    290,571

    257,200

    237,207

    Trading and investment banking

    24,226

    19,630