UMB Financial Stock Price, News & Analysis

UMBFP is the ticker symbol for depositary shares that represented a fractional interest in UMB Financial Corporation’s 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. These preferred securities were associated with UMB Financial Corporation, a financial services company whose common stock trades on the Nasdaq Global Select Market under the symbol UMBF.

According to UMB Financial Corporation’s public disclosures, the company is headquartered in Kansas City, Missouri and is incorporated in the state of Missouri. UMB Financial Corporation operates in the financial services sector and is classified within the Banks – Regional industry. Its business activities include commercial banking, personal banking and institutional banking services.

UMB Financial Corporation states that its commercial banking activities include deposit, lending, investment and retirement plan services. Its personal banking activities include deposit, lending, wealth management and financial planning services. The company also offers institutional banking services, which include asset servicing, corporate trust solutions, investment banking and healthcare services. UMB operates branches in multiple U.S. states and serves business clients across the United States, as well as institutional clients in several countries.

The UMBFP preferred shares were originally related to the Series A preferred stock. UMB Financial Corporation reported that it filed a Termination of Certificate of Designation of 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A with the Secretary of State of the State of Missouri. The company further disclosed that it completed the redemption of all outstanding shares of the Series A preferred stock and the corresponding depositary shares representing fractional interests in that Series A preferred stock.

In a separate regulatory filing, a Form 25 was filed with respect to the depositary shares representing a 1/400th interest in the 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock. This Form 25 relates to the removal of that class of securities from listing and/or registration on the Nasdaq Stock Market LLC. This indicates that the UMBFP depositary shares, as a listed security, were removed from listing and registration under Section 12(b) of the Securities Exchange Act of 1934.

UMB Financial Corporation has also disclosed the existence of another preferred stock series, its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, which is associated with Nasdaq-listed depositary shares under the symbol UMBFO. This highlights that while the Series A preferred stock and related UMBFP depositary shares were redeemed and removed from listing, UMB Financial Corporation continues to have other classes of preferred securities outstanding and listed.

UMB Financial Corporation’s broader operations, which underpin its preferred and common equity securities, span commercial, personal and institutional banking. The company operates branches in Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas and Wisconsin. In addition to its regional branch network, UMB Financial Corporation serves business clients across the United States and institutional clients in several countries, reflecting a mix of regional branch-based banking and broader client relationships.

For investors researching UMBFP, it is important to understand that this ticker historically represented depositary shares tied to the Series A preferred stock of UMB Financial Corporation, and that the company has reported the redemption of all such Series A preferred shares and depositary shares, as well as the removal of that class from listing on Nasdaq via Form 25.