UMB Financial reported higher second-quarter net interest income and net income compared with a year earlier, and announced a 16.3% increase in its quarterly common dividend. The stock has returned 25.11% year to date and 36.36% over one year. The most followed fair value estimate stands at $164.38, above the last close of $145.73, implying the stock is undervalued. The integration of the Heartland acquisition is expected to unlock $124 million in cost savings, most of which will be realized by early 2026. The stock trades at 12.1 times earnings, slightly above the US Banks industry and peer average of 11.9 times, but below an estimated fair ratio of 13.9 times.
UMB Financial CorporationHigher Q2 earnings and dividend increase, with cost savings from Heartland acquisition expected.