Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 287

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 8
Chunk 287
---
 of equity-based compensation

    —

    21,876

    —

    —

    —

    21,876

    Sale of treasury stock

    —

    342

    —

    —

    240

    582

    Exercise of stock options

    —

    1,690

    —

    —

    2,413

    4,103

    Common stock issuance costs

    —

    (1,413
    )

    —

    —

    —

    (1,413
    )

    Balance December 31, 2024
     
    $
    55,057

    $
    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