Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 229

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 229
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 Long-term debt

    384.2

    27.8

    7.24

    382.3

    25.0

    6.54

    Federal funds purchased

    80.1

    4.1

    5.05

    170.0

    8.4

    4.97

    Securities sold under agreements to repurchase

    2,258.4

    102.5

    4.54

    2,005.4

    84.6

    4.22

    Total interest-bearing liabilities

    29,010.3

    1,170.1

    4.03

    25,609.0

    918.6

    3.59

    Noninterest-bearing demand deposits

    10,077.2

    10,640.4

    Other

    769.5

    618.2

    Total

    39,857.0

    36,867.6

    Total shareholders' equity

    3,332.8

    2,862.7

    Total liabilities and shareholders' equity
     
    $
    43,189.8

    $
    39,730.3

    Net interest income (FTE)

    $
    1,026.8

    $
    946.5

    Net interest spread (FTE)

    1.34
    %

    1.37
    %

    Net interest margin (FTE)

    2.51
    %

    2.52
    %

(1)Interest income and yields are stated on an FTE basis, using a federal income tax rate of 21% for 2024, 2023, and 2022.  The tax-equivalent interest income and yields give effect to tax-exempt interest income net of the disallowance of interest expense, for federal income tax purposes related to certain tax-free assets.  Rates earned/paid may not compute to the rates shown due to presentation in millions.  The tax-equivalent interest income totaled $25.9 million, $26.4 million, and $25.8 million in 2024, 2023, and 2022, respectively.

(2)Loan fees are included in interest income.  Such