Umb Financial Corp. (UMBF) intrinsic value & 10-year financials
Umb Financial Corp. (UMBF) has a Graham intrinsic value of $268.34 per share. At $131.10 on Oct 17, 2026, the stock trades 51% below that value. Over the last 10 fiscal years revenue grew 17.0% a year to $73.4M, with an average return on invested capital of 15.3%.
- Graham intrinsic value
- $268.34
- Share price (Oct 17, 2026)
- $131.10
- Price vs Graham value
- 51% below
- Market cap
- $9.7B
- Revenue (FY2025)
- $73.4M
- Revenue growth (10-yr CAGR)
- 17.0%
- ROIC (10-yr avg)
- 15.3%
- Free cash flow (FY2025)
- $978.1M
UMBF 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $73.4M | $702.4M | $9.29 | $978.1M | — | -33.4% |
| FY2024 | $54.5M | $441.2M | $8.99 | $201.1M | — | -18.2% |
| FY2023 | $24.5M | $350.0M | $7.18 | $445.7M | — | 56.2% |
| FY2022 | $75.1M | $431.7M | $8.86 | $717.8M | — | -20.0% |
| FY2021 | $40.1M | $353.0M | $7.24 | $500.4M | — | -11.8% |
| FY2020 | $160.6M | $286.5M | $5.93 | $313.4M | — | 69.6% |
| FY2019 | $24.1M | $243.6M | $4.96 | $269.1M | — | 29.1% |
| FY2018 | $7.6M | $195.5M | $3.93 | $239.2M | — | 33.1% |
| FY2017 | $23.2M | $247.1M | $4.96 | $290.1M | — | 32.5% |
| FY2016 | $17.8M | $158.8M | $3.22 | $245.6M | — | 16.3% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
UMB FINANCIAL CORP is a consistent compounder, expanding top-line revenue at 17.0% annually over the past decade.
UMB FINANCIAL CORP has earned high returns on invested capital, averaging 15.3% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
UMB FINANCIAL CORP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, UMB FINANCIAL CORP is modeled at 12.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $268.34 per share.