UMB Financial Corporation

Hello and welcome to the annual meeting of shareholders of UMB Financial Corporation. Please note that today's meeting is being recorded. During the meeting, we'll have a question and answer session. You can submit questions or comments at any time by clicking on the message icon. It is now my pleasure to turn today's meeting over to Mariner Kemper, UMB's Chairman and Chief Executive Officer. Mr. Kemper, the floor is yours.

Good morning, and thank you all for joining us virtually today for our annual meeting of shareholders. I typically start this meeting with a few comments about our prior year, and 2024 was a great year. It was a transformational year. We saw strong balance sheet growth with solid capital metrics and 26.1% year-over-year increase in net income. We've included a couple of slides in our presentation about 2024 performance, and you can Review those highlights on your own. One of the most exciting events of 2024 was the April announcement of our acquisition of Heartland Financial. Both UMBF and HDLF teams that worked tirelessly over the past year on integration and conversion planning created a seamless experience for our customers. This acquisition was closed on January 31st and is the largest in the company's history. We've seen great early progress as we expand and introduce new communities to UMB. We plan to release our first combined results after market today, and we'll have our call to the investment community tomorrow morning. As such, this meeting's remarks and Q&A will be limited to the business of the annual meeting. Finally, we just published our 2024 corporate citizenship report, which is now available on our website. I encourage you to take a look and read all about our new and ongoing initiatives take care of our resources and meet the needs of our associates and communities. Now I'd like to turn over the meeting to the business portion of today's business. So I will call the meeting to order. As Chairman of the Board of UMD Financial Corporation, I'll be presiding over the meeting. This annual meeting of shareholders is held pursuant to the bylaws of the company and a written notice to all eligible shareholders. The secretary delivered an affidavit of the mailing from our transportation affirming the notice of the meeting was duly given. A copy of that notice and the affidavit will be included in the meeting minutes. Common shareholders of record at the close of business on February 28th of 2025 are entitled to vote at this meeting. The rules of the meeting are available for review in the meeting portal. I'd now like to introduce all the directors Robin Berry, Janine Davidson, Casey Gallagher, Greg Graves, Brad Henderson, Gordon Lansford, Margaret Lazo, Susan Murphy, Tim Murphy, Tammy Peterman, Chris Robbins, John Schmidt, Josh Soslin, and Leroy Williams. In addition, we also have our advisory directors, Tom Wood and our president, Jim Ryan. For some of our board, this is their first time attending a shareholders meeting of UMB, and we're excited to welcome you all. Also attending the meeting are Sean Stoker and Noah Moravec from KPMG, our independent auditors. Although KPMG has indicated that they do not have a remark to make at this time, these representatives are available to respond to appropriate questions during the Q&A. In accordance with our bylaws, I will act as chairman of the meeting, and Ms. Mercer will act as secretary of the meeting. As chairman, I appoint Megan Mercer and Jason Bartel from UMB and Cassandra Shedd from our transportation as inspectors to receive and canvass the votes and certify the results. I request that the inspectors file their oath of office with the secretary for inclusion in the meeting minutes. The secretary has a list of the holders of record of common stock at the close of business on February 28th of 2025. This list has been open for examination at the company for any purpose relevant to this meeting for the past 10 days during ordering business hours. This list is also available during this meeting to any shareholder on the meeting website. The Secretary will please file a copy of this list of shareholders with the records of the company. Ms. Mercer, will you please present your report of attendance at this meeting so that we can determine whether we have a quorum present?

Mr. Chairman, on February 28, 2025, the record date for this annual meeting, there were outstanding and entitled to vote a total of 72,655,215 shares of common stock. I have been informed that there are 65,308,612 shares of common stock represented by proxy, or approximately 90% of all shares entitled to vote at this annual meeting. The shares represented exceed 50% of the total shares entitled to vote at this meeting and thus constitute the quorum.