Welcome to our dedicated page for Umb Financial news (Ticker: UMBF), a resource for investors and traders seeking the latest updates and insights on Umb Financial stock.
UMB Financial Corporation (NASDAQ: UMBF) is a financial services company headquartered in Kansas City, Missouri, operating in the commercial banking industry. The UMBF news feed on Stock Titan aggregates company announcements, earnings releases and other public disclosures that describe how the business is performing and evolving across its commercial, personal and institutional banking lines.
In its news releases, UMB regularly reports quarterly and year-to-date financial results, including net income available to common shareholders, net interest income, noninterest income, net interest margin, efficiency ratio and loan and deposit trends. These updates often explain how factors such as organic growth, changes in earning assets and the impact of acquisitions contribute to the company’s performance.
UMB’s news also covers strategic actions and corporate developments. Recent items include the completion of the acquisition of Heartland Financial USA, Inc., the subsequent systems and brand conversion of the acquired banks to UMB platforms, and the expansion of UMB’s branch footprint from eight to 13 states. Other releases highlight activities such as the acquisition of Health Savings Accounts and related deposits by UMB Healthcare Services and investment gains from portfolio companies like Voyager Technologies, Inc.
Investors can use the UMBF news page to review dividend declarations on common and preferred stock, details of investor conference calls, and commentary from management on business conditions and strategy. For those following commercial banking and regional financial institutions, this news stream provides a consolidated view of UMB’s public communications and the factors influencing its operations and financial results over time.
UMB Financial Corporation reported third quarter 2022 net income of $88.0 million ($1.81 per diluted share), down from $137.6 million in Q2 2022 and $94.5 million in Q3 2021. Average loans increased by 15.1% year-over-year, while deposits grew 1.3%. Noninterest income rose 19.3%, contributing 35.5% of total revenue. The net interest margin expanded to 2.76%. The Board approved a 2.7% increase in the quarterly cash dividend to $0.38, payable on January 3, 2023. Credit quality remained strong with low charge-offs of 0.02%.
UMB Financial Corporation (Nasdaq: UMBF) is set to announce its third quarter 2022 earnings results after market hours on October 25, 2022. An investor conference call will follow on October 26, 2022, at 8:30 a.m. CT. Investors can join the call by dialing 844-200-6205 (toll-free) or 646-904-5544 (international). The company offers a wide range of financial services, including commercial, personal, and institutional banking, with operations across several states. A replay of the call will be available until November 9, 2022.
UMB Financial Corporation (Nasdaq: UMBF) has priced a $110 million offering of 6.250% subordinated notes due in 2032, set at 100% of face value. Interest will be paid semi-annually, starting March 28, 2023. The offering aims to enhance Tier 2 capital with net proceeds estimated at approximately $107.9 million after expenses. Proceeds may be used for general corporate purposes, including supporting UMB Bank’s Tier 1 capital. The notes will close on September 28, 2022, pending customary conditions.
UMB Financial Corporation (Nasdaq: UMBF) reported strong second-quarter 2022 results with a net income of $137.6 million, or $2.83 per diluted share, up from $106.0 million in Q1 2022. Operating pre-tax, pre-provision income rose 56.7% to $187.1 million. Average loans increased 8.9% year-over-year, while average deposits grew 13.7%. The net interest margin expanded to 2.60%. A pre-tax gain of $66.2 million from selling Visa shares bolstered results, though net charge-offs rose due to a significant write-down on a commercial relationship. The company declared a $0.37 dividend payable on October 3, 2022.
UMB Financial Corporation (Nasdaq: UMBF) will release its second quarter 2022 earnings results on
UMB Financial Corporation (Nasdaq: UMBF) announced an agreement to acquire the health savings account (HSA) business of Old National Bank (Nasdaq: ONB). The deal involves approximately $500 million in client assets, enhancing UMB's direct-to-employer business with around 157,000 accounts across more than 3,000 employer groups. The transaction is part of UMB's strategy for growth in the HSA sector, aiming to leverage synergies from the experienced team transitioning from Old National. The acquisition is pending regulatory approval and expected to close in Q4 2022.
Intain Inc has launched a verification agent module for its Intain Admin platform, enhancing automated loan processing capabilities using artificial intelligence. This upgrade aims to reduce errors, cut costs, and expedite administration in structured finance. UMB Financial Corporation is the first to implement this module, improving efficiency in loan attribute validation. Intain's innovation supports better transaction servicing for financial institutions, potentially boosting their position in the market for verified loan pools. The introduction of blockchain technology aims to attract more institutional investors to the private structured credit market.
UMB Bank has donated $400,000 to CHES, Inc. to enhance credit scores for underserved communities via the rent-reporting platform Esusu. This partnership aims to assist clients in improving their credit ratings by reporting up to 24 months of on-time rent payments to major credit bureaus like Equifax and Transunion. CHES has been active in the Kansas City area since 2010, providing financial empowerment programs that help low-to-moderate income households achieve financial sustainability and readiness for homeownership.
UMB Financial Corporation (Nasdaq: UMBF) reported a strong financial performance for Q1 2022, achieving a GAAP net income of $106.0 million, or $2.17 per diluted share, marking a robust increase from $78.5 million in Q4 2021. Average loans and deposits increased by 19.1% and 21.5% respectively on an annualized basis. The company saw a 10.9% rise in pre-tax, pre-provision income (PTPP-FTE) compared to Q4 2021. Credit quality remained steady with net charge-offs at 0.20% of average loans. A $0.37 per share quarterly dividend was declared, demonstrating a return of capital to shareholders.
UMB Financial Corporation (NASDAQ: UMBF) will announce its first quarter 2022 earnings after market hours on April 26, 2022. An investor conference call to discuss the results is scheduled for April 27, 2022, at 8:30 a.m. (CT). Interested parties can access the call by dialing 844-200-6205 (toll-free) or 929-526-1599 (international). A replay will be available until May 11, 2022, by calling 866-813-9403. UMB Financial provides a range of financial services across several states, focusing on commercial and personal banking.
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