UMB Financial Announces Q3 2026 Earnings and Eldorado Savings Bank Acquisition
UMB Financial (UMBF) reported third-quarter 2026 net income of $272.3 million, highlighted by a strategic agreement to acquire Eldorado Savings Bank for approximately $560 million in a cash-and-stock deal. This acquisition is designed to expand the bank's footprint into California and Nevada, adding 35 branches and $2.1 billion in retail deposits to bolster low-cost liquidity. The company also reported strong organic growth with quarterly loan production reaching $3.1 billion, supported by strict credit discipline that kept non-performing loans at 28 basis points. Additionally, institutional banking fee income rose significantly due to expansion into ETF servicing, while private wealth teams secured $1.2 billion in net new assets during the first nine months of the year.
Tickers: $UMB
Topics: Acquisition Banking Loan Production Quarterly Earnings