Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 180

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 180
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 health savings accounts (HSAs) and private label, multipurpose debit cards to insurance carriers, third-party administrators, software companies, employers, and financial institutions.Personal Banking combines consumer banking and wealth management services offered to clients and delivered through personal relationships and the Company’s bank branches, ATM network and internet banking.  Products offered include deposit accounts, retail credit cards, private banking, installment loans, home equity lines of credit, and residential mortgages.  The range of client services extends from a basic checking account to estate planning and trust services and includes private banking, brokerage services, and insurance services in addition to a full spectrum of investment advisory, trust, and custody services.BUSINESS SEGMENT INFORMATIONSegment financial results were as follows (in thousands): 

        Year Ended December 31, 2024

        Commercial Banking

        Institutional Banking

        Personal Banking

        Total

        Net interest income
         
        $
        665,587

        $
        199,821

        $
        135,484

        $
        1,000,892

        Provision for credit losses

        50,155

        2,781

        8,114

        61,050

        Noninterest income

        130,187

        398,306

        99,624

        628,117

        Salaries and employee benefits

        110,719

        168,669

        93,326

        372,714

        Processing fees

        9,117

        30,611

        13,186

        52,914

        Bankcard

        9,158

        23,658

        10,873

        43,689

        Amortization of other intangible assets

        —

        7,182

        524

        7,706

        Allocated technology, service, overhead

        192,706

        137,180

        116,749

        446,635

        Other segment items*

        34,436

        41,023

        27,569

        103,028

        Noninterest expense

        356,136

        408,323

        262,227

        1,026,686

        Income (loss) before taxes

        389,483

        187,023

        (35,233