Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 174

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 174
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        3,477,634

        11.21

        1,861,164

        6.00

        2,481,551

        8.00

        Total Capital:

        UMB Financial Corporation

        4,014,910

        12.85

        2,500,215

        8.00

        N/A

        N/A

        UMB Bank, n. a.

        3,690,378

        11.90

        2,481,551

        8.00

        3,101,939

        10.00

        Tier 1 Leverage:

        UMB Financial Corporation

        3,418,676

        8.49

        1,611,076

        4.00

        N/A

        N/A

        UMB Bank, n. a.

        3,477,634

        8.52

        1,633,347

        4.00

        2,041,684

        5.00

11. EMPLOYEE BENEFITSThe Company has a discretionary noncontributory profit-sharing plan, which features an employee stock ownership plan.  This plan is for the benefit of substantially all eligible officers and employees of the Company and its subsidiaries.  The Company recognized expense related to such contributions of $2.0 million for each of the years ended December 31, 2024, 2023, and 2022. The Company has a qualified 401(k) profit sharing plan that permits participants to make contributions by salary deduction, to which the Company makes matching contributions.  The Company recognized expense related to matching contributions of $15.2 million, $15.2 million, and $13.6 million for the years ended December 31, 2024, 2023 and 2022, respectively.The Company recognized $21.3 million, $16.2 million, and $20.6 million in expense related to outstanding restricted stock unit grants for the years ended December 31, 2024, 2023 and 2022, respectively.  The Company did not recognize any expense related to outstanding restricted stock grants for the years ended December 31, 2024 or 2023.  The Company recognized $196 thousand in expense related to outstanding restricted stock grants for the year ended December 31, 202