UMB Financial : 4Q20 UMBF Earnings Presentation

Different by Design.

UMB Financial

Fourth Quarter 2020 January 26, 2021

Cautionary Notice about Forward-Looking Statements

This presentation of UMB Financial Corporation (the "company," "our," "us," or "we") contains, and our other communications may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often use words such as "believe," "expect," "anticipate," "intend," "estimate," "project," "outlook," "forecast," "target," "trend," "plan," "goal," or other words of comparable meaning or future-tense or conditional verbs such as "may," "will," "should," "would," or "could."

Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, results, or aspirations. All forward-looking statements are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Our actual future objectives, strategies, plans, prospects, performance, condition, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events, circumstances, or aspirations to differ from those in forward-looking statements are described in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the U.S. Securities and Exchange Commission (SEC).

In addition to such factors that have been disclosed previously, the COVID-19 pandemic (the "pandemic") may also cause actual results or other future events, circumstances, or aspirations to differ from our forward-looking statements. The pandemic has created a global public- health crisis that has resulted in widespread volatility and deteriorations in household, business, economic, and market conditions. It is currently adversely affecting the company and its customers, counterparties, employees, and third-party service providers, and the continued adverse impacts on our business, financial position, results of operations, and prospects could be significant. We are not able to accurately predict the extent of the impact of the pandemic on our capital, liquidity, and other financial positions and on our business, results of operations, and prospects at this time, and we believe it will depend on a number of evolving factors, including: (i) the duration, extent and severity of the pandemic; (ii) the response of governmental and non-governmental authorities to the pandemic, which is rapidly changing and not always coordinated or consistent across jurisdictions; (iii) the effect of the pandemic on our customers, counterparties, employees and third-party service providers, which may vary widely, and which is generally expected to increase our credit, operational, and other risks and

1. the effect of the pandemic on economies and markets, which in turn could adversely affect, among other things, the origination of new loans and the performance of our existing loans. The pandemic is also expected to have a significant impact on our current expected credit loss (CECL) calculation and related provision under a new accounting standard that we were required to adopt in January 2020. The CECL calculation includes periodic estimates of the net amount expected to be collected over the contractual term of certain financial assets, and requires us to take into account, among other things, economic conditions forecasted over the life of the financial asset, including the current and anticipated effects of the pandemic. Any forward-looking statement should be evaluated in light of these considerations.

Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made, except to the extent required by applicable securities laws. You, however, should consult disclosures (including disclosures of a forward- looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K, or other applicable document that is filed or furnished with the SEC.

2

Corporate Snapshot

Financial Highlights

(at, or for the 3 months ended, 12/31/20)

($ in millions)
Founded	1913
Ticker	UMBF
Exchange	Nasdaq
Market Cap	$3,312
Total Assets	33,128
Gross Loans	16,104
Total Deposits	27,051
Common Equity	3,017
Loans / Deposits	64%
CET1	12.10%
Total Risk Based Capital	14.26%
ACL(1) / Total Loans	1.34%
ACL(1) / Total Loans ex. PPP	1.45%
NPLs / Total Loans	0.55%
Net Charge-Offs / Avg Loans	0.04%
Fee Income / Revenue	54%

1. Allowance for credit losses for loans only, excludes ACL related to HTM securities.

Our Footprint

UMB Financial Corporation Headquarters

UMB Bank Presence		Recent Expansion Markets
•	91 banking centers		•	Twin Cities - MN
•	232 ATMs		•	Salt Lake City - UT

National Presence

• Corporate Trust / Investment Banking Division
• Fund Services
• Asset-basedlending
• Accounts receivable financing
• Healthcare Services
• Prairie Capital Management
• Private Wealth Management / Personal Trust

3

Highlights - 4Q 2020

Variance

$ millions except per share data	4Q20	3Q20	4Q19	vs. 3Q20	vs. 4Q19
Net Interest Income	$ 194.7	$ 184.4	$ 172.4	5.6%	12.9%

Highlights / Primary Drivers

Linked-quarter ("LQ") increase due to 3.7% higher earning asset balances and acceleration of PPP origination fees

Noninterest Income	228.3	113.0	110.4	102.0%	106.9%	4Q included gain of $108.8MM from investment in Tattooed Chef; see
slides 7-8 for details
Noninterest Expense	226.9	198.0	203.5	14.6%	11.5%	4Q included approximately $15 million in operating losses and other
expenses from a few unrelated matters that are not expected to
						repeat; see slide 12 for details
Pre-Tax,Pre-Provision Income (1)	196.1	99.4	79.3	97.2%	147.4%
Provision for Credit Losses	5.0	16.0	2.0	-68.8%	150.0%	Lower 4Q provision reflects our asset quality, loan growth and
reduction in modified loans. Provision = 2.8x net charge-offs of
						$1.8MM.
Net Income	156.3	73.1	66.5	113.9%	135.0%
Net Income per Share - Diluted	$ 3.24	$ 1.52	$ 1.35	113.2%	140.0%

(1) Non-GAAP measure. See reconciliation and additional information on slide 39.

4