The quarter included $39.7 million of acquisition expenses, compared with$35.6 million in the prior quarter. Excluding acquisition costs and “smaller non-recurring items,” Kemper said net operating income was $235.2 million, or$3.08 per diluted share.Efficiency ratio of 55.5, improving from 58.1 in the third quarter and 61.8 a year earlierReturn on average assets of 1.20%, up from 1.04% in the third quarterChairman and CEO Mariner Kemper said UMB closed 2025 with “another year of record earnings,” noting ...