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UMBF (UMB Financial) Piotroski F-Score : 6 (As of Jul. 12, 2025)


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What is UMB Financial Piotroski F-Score?

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

UMB Financial has an F-score of 6 indicating the company's financial situation is typical for a stable company.

The historical rank and industry rank for UMB Financial's Piotroski F-Score or its related term are showing as below:

UMBF' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 6

During the past 13 years, the highest Piotroski F-Score of UMB Financial was 9. The lowest was 3. And the median was 6.


UMB Financial Piotroski F-Score Historical Data

The historical data trend for UMB Financial's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

UMB Financial Piotroski F-Score Chart

UMB Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.00 5.00 5.00 6.00 5.00

UMB Financial Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Piotroski F-Score Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 6.00 4.00 5.00 6.00

Competitive Comparison of UMB Financial's Piotroski F-Score

For the Banks - Regional subindustry, UMB Financial's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


UMB Financial's Piotroski F-Score Distribution in the Banks Industry

For the Banks industry and Financial Services sector, UMB Financial's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where UMB Financial's Piotroski F-Score falls into.


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How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar25) TTM:Last Year (Mar24) TTM:
Net Income was 101.345 + 109.643 + 119.997 + 81.333 = $412 Mil.
Cash Flow from Operations was 112.366 + 123.647 + -66.871 + 363.021 = $532 Mil.
Revenue was 348.508 + 363.94 + 394.222 + 510.192 = $1,617 Mil.
Average Total Assets from the begining of this year (Mar24)
to the end of this year (Mar25) was
(45343.375 + 44469.414 + 47496.428 + 50409.664 + 69347.313) / 5 = $51413.2388 Mil.
Total Assets at the begining of this year (Mar24) was $45,343 Mil.
Long-Term Debt & Capital Lease Obligation was $654 Mil.
Total Assets was $69,347 Mil.
Total Liabilities was $62,599 Mil.
Net Income was 90.11 + 96.554 + 70.923 + 110.258 = $368 Mil.

Revenue was 328.814 + 320.736 + 334.828 + 360.175 = $1,345 Mil.
Average Total Assets from the begining of last year (Mar23)
to the end of last year (Mar24) was
(40607.19 + 41243.042 + 41464.682 + 44011.674 + 45343.375) / 5 = $42533.9926 Mil.
Total Assets at the begining of last year (Mar23) was $40,607 Mil.
Long-Term Debt & Capital Lease Obligation was $384 Mil.
Total Assets was $45,343 Mil.
Total Liabilities was $42,191 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

UMB Financial's current Net Income (TTM) was 412. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

UMB Financial's current Cash Flow from Operations (TTM) was 532. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Mar24)
=412.318/45343.375
=0.00909324

ROA (Last Year)=Net Income/Total Assets (Mar23)
=367.845/40607.19
=0.00905862

UMB Financial's return on assets of this year was 0.00909324. UMB Financial's return on assets of last year was 0.00905862. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

UMB Financial's current Net Income (TTM) was 412. UMB Financial's current Cash Flow from Operations (TTM) was 532. ==> 532 > 412 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Mar25)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar24 to Mar25
=654.38/51413.2388
=0.01272785

Gearing (Last Year: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=383.742/42533.9926
=0.00902201

UMB Financial's gearing of this year was 0.01272785. UMB Financial's gearing of last year was 0.00902201. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

* Note that for banks and insurance companies, there's no Total Current Assets and Total Current Liabilities reported. Thus, we use Total Assets and Total Liabilities to calculate current ratio for banks and insurance companies.

Current Ratio (This Year: Mar25)=Total Assets/Total Liabilities
=69347.313/62598.879
=1.10780439

Current Ratio (Last Year: Mar24)=Total Assets/Total Liabilities
=45343.375/42190.559
=1.074728

UMB Financial's current ratio of this year was 1.10780439. UMB Financial's current ratio of last year was 1.074728. ==> This year's current ratio is higher. ==> Score 1.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

UMB Financial's number of shares in issue this year was 65.496. UMB Financial's number of shares in issue last year was 48.921. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

* Note that for banks and insurance companies, there's no Gross Profit reported. Thus, we use net income instead of gross profit and calculate Net Margin for this score.

Net Margin (This Year: TTM)=Net Income/Revenue
=412.318/1616.862
=0.25501125

Net Margin (Last Year: TTM)=Net Income/Revenue
=367.845/1344.553
=0.27358163

UMB Financial's net margin of this year was 0.25501125. UMB Financial's net margin of last year was 0.27358163. ==> Last year's net margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Mar24)
=1616.862/45343.375
=0.03565817

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar23)
=1344.553/40607.19
=0.03311121

UMB Financial's asset turnover of this year was 0.03565817. UMB Financial's asset turnover of last year was 0.03311121. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+0+1+0+0+1
=6

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

UMB Financial has an F-score of 6 indicating the company's financial situation is typical for a stable company.

UMB Financial  (NAS:UMBF) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


UMB Financial Piotroski F-Score Related Terms

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UMB Financial Business Description

Traded in Other Exchanges
Address
1010 Grand Boulevard, Kansas City, MO, USA, 64106
UMB Financial Corp, or UMBF, is a financial services holding company offering a suite of banking services and asset servicing to its customers in the United States and around the world. Its client base includes commercial, institutional, and personal customers. Along with its subsidiaries, the company operates in the following business segments: Commercial Banking, Institutional Banking, and Personal Banking. A majority of its revenue is generated from the Commercial Banking segment, which serves the commercial banking and treasury management needs of small to middle-market businesses through various products and services such as commercial loans, commercial real estate financing, commercial credit cards, letters of credit, loan syndication services, consultative services, and others.
Executives
Uma Wilson officer: Executive Vice President 1010 GRAND BLVD, KANSAS CITY MO 64106
Nikki Farentino Newton officer: President, Private Wealth Mgmt 1010 GRAND BLVD, KANSAS CITY MO 64106
Tamara Peterman director 1010 GRAND BLVD, KANSAS CITY MO 64106
Greg M Graves director 1010 GRAND BLVD, KANSAS CITY MO 64106
J Mariner Kemper officer: Vice Chairman 1010 GRAND BLVD., KANSAS CITY MO 64106
Kevin Charles Gallagher director 370 17TH ST, SUITE 5600, DENVER CO 80202
Robert Brian Beaird officer: Chief Human Resource Officer 1010 GRAND BLVD, KANSAS CITY MO 64106
Thomas S Terry officer: Chief Lending Officer 1010 GRAND BOULEVARD, KANSAS CITY MO 64106
David Carl Odgers officer: Chief Accounting Officer 1010 GRAND BLVD, KANSAS CITY MO 64106
James D Rine officer: Executive Vice President 1010 GRAND BOULEVARD, KANSAS CITY MO 64106
John Pauls officer: EVP & General Counsel 1010 GRAND BLVD, KANSAS CITY MO 64106
Kris A Robbins director
Ram Shankar officer: Chief Financial Officer 1010 GRAND BLVD., KANSAS CITY MO 64106
Phillip James Mason officer: President, Inst. Banking 1010 GRAND BLVD, KANSAS CITY MO 64106
Stacy H King officer: Chief Risk Officer 1010 GRAND BLVD, KANSAS CITY MO 64106