Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 136

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 136
---
,057

    $
    1,145,638

    $
    3,174,948

    $
    (573,050
    )
     
    $
    (336,052
    )
     
    $
    3,466,541

See Notes to Consolidated Financial Statements.

77

UMB FINANCIAL CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS

(dollars in thousands)

    Year Ended December 31,

    2024

    2023

    2022

    OPERATING ACTIVITIES

    Net income
     
    $
    441,243

    $
    350,024

    $
    431,682

    Adjustments to reconcile net income to net cash provided by operating activities:

    Provision for credit losses

    61,050

    41,227

    37,900

    Net amortization of premiums and discounts from acquisition

    3,573

    1,060

    1,340

    Depreciation and amortization

    52,771

    58,723

    54,022

    Amortization of debt issuance costs

    876

    876

    556

    Deferred income tax benefit

    (16,174
    )

    (20,439
    )

    (6,308
    )

    Net (increase) decrease in trading securities and other earning assets

    (10,440
    )

    (113
    )

    13,895

    (Gains) losses on investment securities, net

    (10,720
    )

    3,139

    (58,444
    )

    Gains on sales of assets

    (3,197
    )

    (4,343
    )

    (3,063
    )

    Amortization of securities premiums, net of discount accretion

    44,323

    42,037

    45,184

    Originations of loans held for sale

    (87,129
    )

    (68,673
    )

    (47,639
    )

    Gains on sales of loans held for sale, net

    (2,279
    )

    (1,693
    )

    (1,195
    )

    Proceeds from sales of loans held for sale

    91