LongUMBFJune 30, 2026

Aristotle Small Cap Equity Fund on UMB Financial Corporation

Thesis

UMB Financial is a diversified regional bank with commercial banking, asset servicing, private wealth, healthcare payments and specialty financial-services businesses. Its meaningful fee-based revenue base reduces reliance on net interest income and contributes to a more stable earnings profile than many regional-bank peers. Aristotle expects improving loan growth, expanding fee income and continued market-share gains, supported by disciplined underwriting, strong credit quality, a conservative balance sheet and attractive returns on equity.

We believe UMB is well positioned to benefit from improving loan growth, expanding fee income, and continued market share gains.
Aristotle Small Cap Equity Fund — Aristotle Small Cap Equity Fund Commentary