Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 123

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 123
---
forming loans
     
    13.44x

    16.63x

67

Table 25

SUMMARY OF NET CHARGE-OFFS (in thousands)

    2024

    2023

    Net Charge-Offs (Recoveries)

    Average Loans Outstanding

    Net Charge-Offs (Recoveries) to Average Loans Outstanding

    Net Charge-Offs (Recoveries)

    Average Loans Outstanding

    Net Charge-Offs (Recoveries) to Average Loans Outstanding

    At December 31:

    Commercial and industrial
     
    $
    3,551

    $
    10,169,805

    0.03
    %
     
    $
    (248
    )
     
    $
    9,669,378

    (0.00
    )%

    Specialty lending

    (4
    )

    497,301

    (0.00
    )

    761

    540,371

    0.14

    Commercial real estate

    250

    9,517,745

    0.00

    155

    8,359,937

    0.00

    Consumer real estate

    (216
    )

    3,036,136

    (0.01
    )

    1,140

    2,858,510

    0.04

    Consumer real estate

    1,283

    166,278

    0.77

    1,021

    147,240

    0.69

    Credit cards

    18,397

    587,958

    3.13

    7,645

    478,328

    1.60

    Leases and other

    1

    234,324

    0.00

    —

    281,178

    —

    Total
     
    $
    23,262

    $
    24,209,547

    0.10
    %
     
    $
    10,474

    $
    22,334,942

    0.05
    %

Net charge-offs for the year ended December 31, 2024 were $23.3 million, compared to $10.5 million for the