Umb Financial Stock Price, News & Analysis

UMB Financial Corporation (UMBF) has announced the pricing of a significant public offering of 12 million depositary shares at $25 per share, representing interests in its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. The offering, expected to close on June 12, 2025, will be listed on Nasdaq under symbol UMBFO. The company anticipates net proceeds of approximately $294.5 million, which will be used for general corporate purposes, including potential redemption of its Series A Preferred Stock and partial repurchase of its 3.70% Fixed-to-Fixed Rate Subordinated Notes due 2030. RBC Capital Markets and J.P. Morgan Securities are serving as joint book-running managers, with Piper Sandler and Wells Fargo Securities as co-managers.

UMB Financial Corporation (UMBF) has announced the launch of an underwritten public offering of depositary shares, each representing a 1/400th ownership interest in its Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. The Series B Preferred Stock has a liquidation preference of $10,000 per share (equivalent to $25 per depositary share). The company plans to list these depositary shares on The Nasdaq Global Select Market.

The offering is being jointly managed by RBC Capital Markets and J.P. Morgan Securities as book-running managers, with Piper Sandler and Wells Fargo Securities acting as co-managers. UMB intends to use the proceeds for general corporate purposes, including potentially redeeming its outstanding 7.00% Series A Preferred Stock and repurchasing part of its 3.70% Fixed-to-Fixed Rate Subordinated Notes due 2030.

UMB Bank (NASDAQ: UMBF) has announced a significant expansion of its Corporate Trust and Agency Services group in California, welcoming 13 professionals from Wilmington Trust. The expansion includes the opening of a new office in Costa Mesa, Orange County, led by National Sales Managers John Deleray and Ali Naqvi, along with Regional Managers Jeanie Mar and Jane Snyder.

The expansion builds on UMB's recent acquisition of HTLF Bank and its California division, Premier Valley Bank. The new team will focus on municipal and corporate trustee services, as well as complex mergers and acquisitions transactions. This move strengthens UMB's corporate trust business, which has been experiencing double-digit growth year over year.

UMB Financial reported strong Q1 2025 results following its merger with Heartland Financial on January 31, 2025. The company posted GAAP net income of $79.3 million ($1.21 per share) and operating income of $168.9 million ($2.58 per share).

Key highlights:

• Net interest margin rose to 2.96%, up 39 basis points from previous quarter
• Average loans increased 27.8% to $32.3 billion
• Average deposits grew 32.3% to $50.3 billion
• Operating efficiency ratio improved to 55.56%

The Heartland acquisition added $17.9 billion in assets, $9.8 billion in loans, and $14.3 billion in deposits. The combined company maintains #1 deposit market share in Missouri and ranks top 10 in Colorado, New Mexico, Kansas, and Arizona. Total revenue reached $563.8 million, with net interest income at $397.6 million, up 47.8% from previous quarter.

UMB Financial (UMBF) has announced it will release its first quarter 2025 earnings results after market hours on Tuesday, April 29, 2025. The company will host an investor conference call on Wednesday, April 30, at 8:30 a.m. (CT) to discuss the results.

Investors can access the call through toll-free and international dial-in numbers, with pre-registration available. A live webcast will be accessible via the company's investor relations website, and a replay will be available until May 14, 2025.

UMB Financial operates as a financial services company headquartered in Kansas City, Missouri, offering:

• Commercial banking services
• Personal banking services
• Institutional banking services

The company maintains branches across 13 states and serves business clients nationwide and institutional clients internationally.

UMB Financial (UMBF) has declared a dividend of $175 per share on its Series A 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, equivalent to $0.4375 per depositary share. The dividend will be paid on April 15, 2025, to stockholders of record as of March 31, 2025.

Following UMB Financial's acquisition of Heartland Financial (HTLF) on January 31, 2025, former HTLF Series E Preferred Stock shares were converted to UMB Preferred Stock at a one-for-one exchange rate, maintaining identical terms for stockholders.

UMB Financial operates as a comprehensive financial services company, providing commercial, personal, and institutional banking services through branches across 13 states, including Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, and Wisconsin.

UMB Financial (UMBF) has completed its largest acquisition in its 111-year history, acquiring Heartland Financial USA (HTLF). The transaction significantly expands UMB's presence, increasing total assets to approximately $68 billion and extending its geographic footprint from 8 to 13 states.

The acquisition adds 104 new branches and 115 ATMs to UMB's existing network of 93 banking centers and 235 ATMs. It also increases UMB's private wealth management AUM/AUA by 32% and expands its retail deposit base. New states added to UMB's footprint include California, Iowa, Minnesota, New Mexico, and Wisconsin.

HTLF will initially operate as a division of UMB, with banking centers and systems conversion anticipated in Q4 2025. Five HTLF board members have joined UMB's Board of Directors, expanding it to 16 members.

UMB Financial (UMBF) reported strong Q4 2024 results with net income of $120.0 million ($2.44 per diluted share) and net operating income of $122.6 million ($2.49 per diluted share). Key highlights include:

- Average loans increased 14.8% on a linked-quarter basis to $25.3 billion
- Average deposits grew 30.9% to $38.0 billion
- Net interest income rose 8.7% from Q3 2024
- Net interest margin improved by 11 basis points to 2.57%
- Credit quality remained strong with net charge-offs of 0.10%

For full-year 2024, UMBF achieved record results with:
- Net income of $441.2 million
- Net operating income of $461.7 million
- Net interest income exceeding $1.0 billion
- Noninterest income of $628.1 million

The company announced its merger with Heartland Financial is scheduled to close on January 31, 2025.

UMB Financial (Nasdaq: UMBF) has announced it will release its fourth quarter and full-year 2024 earnings results after market hours on Tuesday, January 28, 2025. The company will host an investor conference call on Wednesday, January 29, at 8:30 a.m. (CT) / 9:30 a.m. (ET) to discuss the results.

Investors can access the call via toll-free number 833-470-1428 or international number 404-975-4839 using access code 099512. A live webcast will be available through investorrelations.umb.com. A replay of the conference call will be accessible until February 12, 2025, through both phone and website options.