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UMB Financial Corporation - UMBF STOCK NEWS

Welcome to our dedicated page for UMB Financial Corporation news (Ticker: UMBF), a resource for investors and traders seeking the latest updates and insights on UMB Financial Corporation stock.

UMB Financial Corporation (UMBF) is a prominent provider of comprehensive financial services catering to both individuals and institutions. As a financial services holding company, UMBF offers a wide range of banking, asset management, and health spending solutions. The company operates through its primary banking subsidiary, UMB Bank, N.A., which is a member of the FDIC and an Equal Housing Lender.

UMB Financial Corp’s operations extend across the United States with a strong presence in the Midwest and Southwest regions. UMB Bank and its affiliates provide an extensive array of services including commercial banking, personal banking, and wealth management. Additionally, UMB Financial Corp’s subsidiaries specialize in mutual fund services, alternative investments, brokerage services, and insurance, further diversifying its financial offerings.

The company's revenue is balanced between interest income and noninterest income, showcasing a well-diversified portfolio. UMBF’s asset management arm delivers tailored investment advisory services, helping clients manage their financial health and achieve their long-term goals. The health spending solutions provided by UMB Financial Corp are designed to assist customers in efficiently managing their healthcare expenses.

UMB Financial Corp has continually demonstrated robust financial health, with consistent growth in its asset base and revenue streams. The company maintains a strong commitment to community involvement and corporate responsibility, contributing to various social and economic development projects.

Recent achievements include the expansion of their digital banking platforms, enhancing customer experience and accessibility. UMB Financial Corp has also formed key partnerships with fintech companies to innovate and streamline its service offerings. These strategic initiatives reflect UMBF’s dedication to adapting to evolving market needs and technological advancements.

For the latest updates and developments regarding UMB Financial Corporation, visit the company’s news section on their official website or stay tuned to financial news platforms.

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Saturna Capital has upgraded its Consumer Direct Health Savings Account (HSA) to align with top industry standards, as outlined in Morningstar's 2023 Health Savings Account Landscape Report. The revamped HSA offers:

  • A curated list of highly rated mutual funds with no investment minimum
  • An intuitive user platform for easy investment selection and expense management
  • Modern account features including receipt record retention
  • A Spending Account with enhanced benefits and stability

Saturna has partnered with UMB Financial (NASDAQ:UMBF) for account management and custodial services, providing FDIC-insured bank accounts, debit cards, and $0 monthly maintenance fees. This upgrade aims to provide a simpler, more effective experience for accountholders while maintaining Saturna's commitment to putting investors first.

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UMB Financial (Nasdaq: UMBF) will release its second quarter 2024 earnings results after market close on July 30, 2024. The company will host an investor conference call on July 31, 2024, at 8:30 a.m. (CT) / 9:30 a.m. (ET) to discuss these results. Interested parties can join the call by dialing the provided numbers and using access code 944750. A live webcast of the call will be available on UMB's investor relations website. A replay of the call will be accessible until August 14, 2024.

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ACA Group, a leader in governance, risk, and compliance solutions, announced plans to acquire UMB Distribution Services, a unit of UMB Financial (Nasdaq: UMBF). Expected to close in Q4 2024, this acquisition will add over $48 billion in client assets to ACA's portfolio, expanding ACA Foreside's distribution leadership, which currently services $2 trillion in assets. The acquisition will enhance ACA's service offerings with a comprehensive suite of compliance and technology solutions. Financial terms were not disclosed.

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UMB Financial (NASDAQ:UMBF) announced the pricing of an underwritten public offering of 2,800,000 shares of common stock at $75.00 per share, expected to generate approximately $201.6 million in net proceeds. The offering is set to close on May 1, 2024, with an option for the underwriters to purchase an additional 420,000 shares. UMB entered into a forward sale agreement with BofA Securities, with plans to physically settle the agreement in approximately 18 months. The proceeds will be used for general corporate purposes, including contributing Tier 1 capital into UMB Bank.

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UMB Financial (Nasdaq: UMBF) has announced the acquisition of Heartland Financial USA, Inc. (Nasdaq: HTLF) in an all-stock transaction valued at $2.0 billion. This will increase UMB's total assets by more than 40% and expand its geographic footprint across 13 states. The deal, the largest in UMB's history, will create a regional banking powerhouse with $64.5 billion in assets, elevating it to the top 5% of publicly traded banks in the U.S. The transaction is expected to close in the first quarter of 2025.

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UMB Financial reported first quarter 2024 net income of $110.3 million and net operating income of $120.7 million. Key highlights include GAAP net income of $110.3 million, average loans increased by 4.2% on a linked-quarter basis to $23.4 billion, average deposits increased by 10.4% to $33.5 billion, and noninterest income increased by 22.3% from the first quarter of 2023. Credit quality remained strong with net charge-offs at 0.05% of average loans.

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UMB Financial (Nasdaq: UMBF) announces a conference call to discuss its first-quarter 2024 earnings results. The call will take place on May 1, 2024, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties can join by dialing the provided numbers or accessing the call online. A replay will be available until May 15, 2024.
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UMB Financial Corporation (Nasdaq: UMBF) announced strong financial results for the fourth quarter of 2023, with GAAP net income of $70.9 million and net operating income of $112.0 million. Average loans and deposits increased, and noninterest income grew by 11.8% from the fourth quarter of 2022. However, the results were affected by a pre-tax expense of $52.8 million for the FDIC special assessment.
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UMB Financial Corporation (Nasdaq: UMBF) will release earnings results for the fourth quarter 2023 after market hours on Tuesday, January 30, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, January 31, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 269364. The live call may also be accessed by visiting investorrelations.umb.com or by using the following the link: UMB Financial 4Q 2023 Conference Call A replay of the conference call may be heard through February 14, 2024, by calling (toll-free) 866-813-9403 or (international) 929-458-6194. The replay access code required for playback is 190379. The call replay may also be accessed at investorrelations.umb.com.
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UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), has expanded its services for StepStone Group Private Wealth LLC, part of StepStone Group Inc. (NASDAQ: STEP), by assisting in the transition to daily net asset value (NAV) and daily admittance of StepStone's flagship fund, a $1.6 billion multi-asset-class private markets fund. UMBFS also helped with the recent launch of StepStone's new infrastructure fund. This expansion has allowed investors to purchase shares on a daily basis, eliminating the need for paper subscription documents. StepStone is among the first managers to offer a daily NAV for a multi-asset-class registered fund invested in private markets. UMB Fund Services is providing comprehensive servicing for both funds.
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FAQ

What services does UMB Financial Corporation provide?

UMB Financial Corp offers banking, asset management, health spending solutions, mutual fund services, alternative investments, brokerage services, and insurance.

Where is UMB Financial Corporation located?

The company operates primarily in the Midwest and Southwest regions of the United States.

Is UMB Bank a member of the FDIC?

Yes, UMB Bank, N.A. is a member of the FDIC.

Does UMB Financial Corp provide services to both individuals and institutions?

Yes, UMB Financial Corp caters to both individual and institutional customers.

What distinguishes UMB Financial Corporation’s revenue streams?

The company’s revenue is split nearly evenly between interest income and noninterest income.

Has UMB Financial Corp made any recent technological advancements?

Yes, UMB Financial Corp has expanded its digital banking platforms and formed partnerships with fintech companies.

What is the ticker symbol for UMB Financial Corporation?

The ticker symbol for UMB Financial Corp is UMBF.

Does UMB Financial Corp engage in community involvement?

Yes, UMB Financial Corp is committed to corporate responsibility and contributes to various social and economic development projects.

What types of investment services does UMB Financial Corp offer?

The company offers mutual fund services, alternative investments, and tailored investment advisory services through its asset management arm.

Where can I find the latest news about UMB Financial Corp?

You can find the latest updates on UMB Financial Corp on their official website or financial news platforms.

UMB Financial Corporation

Nasdaq:UMBF

UMBF Rankings

UMBF Stock Data

4.67B
48.74M
8.9%
88.4%
4.88%
Commercial Banking
Finance and Insurance
Link
United States of America
KANSAS CITY