What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does UMB Financial (UMBF) spend its free cash flow?

For TTM through Q1 2026, UMB Financial generated $1.02B of operating cash flow and $981M of free cash flow — a free cash flow margin of 95.7% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did UMB Financial (UMBF) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent UMB Financial's shareholder returns for TTM through Q1 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

UMB Financial (UMBF) Cash Flow Waterfall

Operating CF

$1.02B

Capex

-$44.3M

Free Cash Flow

$981M

FCF Margin

+95.7%

Cash flow waterfall for UMB Financial (UMBF) — TTM through Q1 2026

Free cash flow: $981M

Note: Other Investing is large — driven mainly by acquisitions and investment activity.

Cash flow breakdown for UMB Financial (UMBF) — TTM through Q1 2026

Line item	Amount	Running total
Operating Cash Flow	$1.02B	$1.02B
Capital Expenditure	-$44.3M	$981M
Free Cash Flow	$981M	$981M
Other Investing	-$7.59B	-$6.61B
Share Buybacks	-$35M	-$6.64B
Dividends Paid	-$145M	-$6.79B
Net Debt Change	-$189M	-$6.98B
Other Financing & FX	$2.63B	-$4.35B
Net Cash Decrease	-$4.35B	-$4.35B

Operating Cash Flow$1.02B
Capital Expenditure-$44.3M
Free Cash Flow$981M
Other Investing-$7.59B
Share Buybacks-$35M
Dividends Paid-$145M
Net Debt Change-$189M
Other Financing & FX$2.63B
Net Cash Decrease-$4.35B

Want to see what drove the FCF change?Free Cash Flow Bridge

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