For context on UMB Bank's small-business lending footprint, see its SBA lending profile on US Lender Metrics, including approval volume, loan sizes and industry mix. SBA approvals are not the same as funded loans or recognized revenue; the profile states its reporting period.
| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 29, 2026 | 7/12 | 1 high, 4 medium, 2 low flags | 2 | 1 | Call sheet → |
| Q1'26 | April 29, 2026 | 5/12 | 6 medium, 2 low flags | 2 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Pending | 2026 tax rate expected between 20% and 22% Full-year target; Q2 actual of 20.8% is within range but year not complete. |
| Q2'26 | Pending | Continue to expect positive operating leverage for full year 2026 despite lower contractual accretion benefits Full fiscal year not yet complete; management reaffirmed the same commitment this quarter. |
| Q2'26 | Delivered | Second quarter margin relatively flat vs. Q1 adjusted 3.05% core Core margin came in at 3.09%, up 4bps sequentially, within the 'relatively flat' framing and modestly ahead. |
| Q2'26 | Missed | Second quarter operating expense in line with consensus of ~$383 million Actual operating non-interest expense was $398 million, up 6% QoQ, roughly $15M above the guided figure, driven by deferred comp and the new unexplained operational losses line. |
| Q2'26 | Delivered | We will continue to remain opportunistic in the second quarter Repurchased 38,000 shares for $5 million, down sharply from 178,000 shares in Q1, but consistent with the non-quantified 'opportunistic' framing rather than a committed pace. |
| Q1'26 | Pending | FICA and other payroll taxes expected to decline by approximately $10 million in the second quarter Q2 2026 period has not ended as of this call; no resolution stated. |
| Q1'26 | Pending | Effective tax rate expected between 20% and 22% for 2026 Full-year period not ended; Q1 effective rate of 21.1% is within the previously guided range and was reaffirmed. |
| Q1'26 | Pending | Expect to achieve positive operating leverage in 2026 Full-year 2026 period has not ended; management reaffirmed the expectation this quarter. |
| Q1'26 | Exceeded | First quarter 2026 margin expected to be relatively flat versus Q4's adjusted 2.92% core margin Core margin actually rose 9bps sequentially to 3.05%, beating the 'flat' expectation. |
| Q1'26 | Exceeded | First quarter 2026 operating expense expected in the $385 to $390 million range Actual operating non-interest expense came in at $375.4 million, roughly $10M below the low end of guidance. |
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