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.
The board of directors of Molson Coors Beverage Company (NYSE: TAP) has nominated Leroy J. Williams, Jr. as an independent director for election at the Annual Meeting on May 18, 2022. Williams, CEO of CyberTekIQ, LLC, brings extensive experience from cybersecurity to business development. His past roles include Global Chief Information Officer at Ball Corporation and various cabinet positions in Colorado. His election is expected to enhance the board's strategic guidance as the company continues its growth trajectory.
UMB Financial Corporation reported a Q4 2021 net income of $78.5 million, or $1.61 per diluted share, a decline from $94.5 million in Q3 2021 and $156.3 million in Q4 2020. Net operating income was $78.9 million, down from $95.1 million linked quarter. Average loans increased 5.7% and average deposits grew 26.7% year-over-year. However, noninterest income dropped 48% year-over-year due to reduced investment securities gains. The bank declared a dividend of $0.37 per share, payable April 1, 2022, signifying ongoing shareholder returns amidst fluctuating earnings.
UMB Financial Corporation (NASDAQ: UMBF) will announce its fourth quarter 2021 earnings results after market hours on January 25, 2022. An investor conference call is scheduled for January 26, 2022, at 8:30 a.m. (CT) to discuss the results. Interested parties can join the call by dialing the provided numbers or via the company’s investor relations website. A replay will be available until February 9, 2022. UMB Financial offers a diverse range of financial services, including commercial and personal banking, throughout several states.
UMB Financial Corporation (NASDAQ: UMBF) has been selected as the custodian for the Texas Cooperative Liquid Assets Securities System Trust (Texas CLASS), which serves various local government entities in Texas. UMB will implement tailored custody solutions, enhancing its partnership with Public Trust Advisors, the program administrator. The custody business has seen significant growth, with UMB's assets under custody increasing by over 40% in 2021, surpassing $150 billion. UMB aims to provide high-touch client services and advanced technology to support its government clients.
UMB Financial Corporation (Nasdaq: UMBF) has been appointed as custodian for the Colorado Local Government Liquid Asset Trust (COLOTRUST), enhancing its custody solutions for local government investment pools. This partnership follows UMB's recent success with the Texas Cooperative Liquid Assets Securities System Trust. As of September 30, 2021, UMB's assets under custody (AUC) have surpassed $150 billion, reflecting a 150% growth since 2018. UMB aims to leverage high-touch client service and integrated banking solutions to support Public Trust Advisors, further strengthening its position in the government custody sector.
UMB Financial Corporation (Nasdaq: UMBF) has joined the Alloy Labs Alliance, a consortium aimed at facilitating technology adoption among community and mid-sized banks. This collaboration seeks to accelerate innovation and help UMB compete against larger financial institutions. The Alloy Labs Alliance, established in 2018, has expanded to over 50 members who work together to overcome industry challenges. UMB's executive vice president expressed enthusiasm for the potential insights and shared learning opportunities that this partnership will provide.
UMB Healthcare Services, a prominent national HSA provider, has launched a comprehensive suite of tax-advantaged benefit accounts to enhance its offerings. This includes flexible spending accounts, health reimbursement arrangements, and commuter benefit accounts, all powered by WEX. The initiative aims to streamline benefit administration for employers while providing employees with advanced financial wellness tools and secure member portals for claims and reimbursements. UMB currently manages over 1.4 million HSAs with assets exceeding $3 billion.
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.