John Arfstrom's questions to UMB Financial Corp (UMBF) leadership • Q1 2025
Question
John Arfstrom asked for an outlook on noninterest income, particularly the card business, the timeline for Heartland's full integration, and whether the current environment makes bank M&A more attractive to UMB.
Answer
CEO J. Kemper and President James Rine highlighted strong underlying fee income trends and significant synergy opportunities in the card business. Kemper stated that cultural integration is immediate, while systems conversion is set for October. Regarding M&A, he said the focus is 100% on executing the Heartland integration, though relationship-building for future deals continues.