UMB Financial (UMBF) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with a welcome and overview, highlighting a transformational 2024 with strong balance sheet growth and a 26.1% increase in net income.

• Noted the successful acquisition of Heartland Financial USA, the largest in company history, closed January 31.

• Announced the release of the 2024 Corporate Citizenship Report and availability of meeting materials online.

Financial performance review

• 2024 saw significant balance sheet growth and a 26.1% year-over-year increase in net income.

• Integration and conversion planning for the Heartland Financial USA acquisition progressed well.

Board and executive committee updates

• Introduced all directors and advisory directors present, including several first-time attendees.

• KPMG representatives attended as independent auditors, available for Q&A.