Umb Financial Stock Price, News & Analysis

UMB Financial Corporation (Nasdaq: UMBF) reported a GAAP net income of $94.5 million for Q3 2021, equating to $1.94 per diluted share, marking an increase from $87.4 million in Q2 2021 and $73.1 million in Q3 2020. Average loans rose 6.5% to $16.8 billion, while average deposits jumped 22.0% to $29.4 billion. However, pre-tax, pre-provision income declined 16.4% from the previous quarter. The company declared a $0.37 dividend per share for payment on January 3, 2022.

UMB Financial Corporation (NASDAQ: UMBF) will announce its third-quarter 2021 earnings on October 26, 2021, after market close. An investor conference call is scheduled for October 27, 2021, at 8:30 a.m. CT. Interested investors can join the call by dialing (877) 267-8760 or accessing it online via investorrelations.umb.com. A replay will be available until November 10, 2021, at (877) 344-7529, using access code 10160723.

New York Community Bancorp (NYSE: NYCB) has appointed Douglas Pagliaro as Senior Managing Director and Deputy Chief Digital and Banking as a Service Officer. With 28 years of banking experience, including expertise in digital and BaaS, Pagliaro aims to enhance the bank's deposit gathering and BaaS capabilities. Previously, he was with UMB Financial (NASDAQ: UMBF), where he implemented significant BaaS initiatives. The company is in the process of merging with Flagstar Bancorp and expects combined assets of $85 billion post-merger.

UMB Financial Corporation (Nasdaq: UMBF) reported a net income of $87.4 million for Q2 2021, translating to $1.79 per diluted share. This marks a slight decrease from $92.6 million in Q1 2021 but a significant increase from $60.5 million in Q2 2020. The company experienced a 19.0% annualized increase in average loans, leading to a 20.8% rise in noninterest income compared to Q1. A 15.6% increase in quarterly cash dividend to $0.37 per share was also announced, payable on October 1, 2021.

UMB Financial Corporation (Nasdaq: UMBF) will release its second-quarter 2021 earnings results on July 27, 2021, after market hours. An investor conference call is scheduled for July 28, 2021, at 8:30 a.m. (CT) to discuss these results. Interested participants can access the call by dialing toll-free 877-267-8760 or internationally at 412-542-4148. The call will also be available online. A replay can be accessed until August 11, 2021, using the toll-free number or through the investor relations website.

UMB Financial Corporation (Nasdaq: UMBF) announced a quarterly cash dividend of $0.32 per share, set for payment on July 1, 2021. Shareholders of record must hold their shares by the close of business on June 10, 2021. In addition, the Board approved a new share repurchase program allowing the buyback of up to 2,000,000 shares of common stock. This program will remain active until the regular Board meeting following the 2022 annual shareholder meeting, with shares potentially used for compensation plans and dividend reinvestment.

UMB Financial Corporation (Nasdaq: UMBF) reported a first-quarter 2021 net income of $92.6 million, or $1.91 per diluted share, down from $156.3 million in Q4 2020, yet improved compared to a net loss of $3.4 million in Q1 2020. The net interest income was $194.1 million, a slight decrease from the prior quarter but an increase of 11.6% year-over-year. Noninterest income fell significantly by 52.3% due to reduced investment securities gains. Overall, the company's average loans rose by 8.4% on a linked-quarter basis.

UMB Financial Corporation (Nasdaq: UMBF) will release its Q1 2021 earnings before market hours on April 27, 2021. An investor conference call is scheduled for April 28, 2021, at 8:30 AM CT to discuss the results. Interested investors can join the call by dialing 877-267-8760 (toll-free) or 412-542-4148 (international). A replay will be available until May 12, 2021. UMB Financial provides a range of financial services including commercial, personal, and institutional banking.

UMB Bank, a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), has opened a new office in Dublin, Ireland, expanding its trust services into a key international hub for structured finance. The office, managed by Katherine O’Brien, will enable UMB to provide the Irish Owner Trustee product to clients globally. This move signifies UMB's commitment to growth in the aviation trust market, aligning with industry trends. UMB's inclusion as an approved trustee for the Global Aircraft Trading System in 2020 further supports this expansion.