UMB Financial to redeem 2.75% notes due 2031
UMB Financial Corporation (UMBF) announced that it will redeem all of its outstanding 2.75% Fixed-to-Floating Rate Subordinated Notes due 2031 on September 15, 2026.
Rhea-AI Filing Summary
UMB Financial Corporation (UMBF) announced that it will redeem all of its outstanding 2.75% Fixed-to-Floating Rate Subordinated Notes due 2031 on September 15, 2026. Holders will receive 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.
The redemption will be carried out under the terms of the indenture, with notices, pricing details, and instructions provided to noteholders. Payment of the redemption price will be processed through the facilities of The Depository Trust Company. The company states this disclosure is not an offer to sell or solicit an offer to buy any securities.
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8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Coupon rate: 2.75%
Maturity year of Notes: 2031
Redemption price: 100% of principal amount
+2 more
5 metrics
Coupon rate
2.75%
Interest rate on Fixed-to-Floating Rate Subordinated Notes due 2031
Maturity year of Notes
2031
Stated maturity of the subordinated notes being redeemed
Redemption price
100% of principal amount
Price at which Notes will be redeemed, plus accrued and unpaid interest
Redemption date
September 15, 2026
Date on which all outstanding Notes will be redeemed
Announcement date
September 1, 2026
Date the company announced the redemption under Regulation FD
Key Terms
Fixed-to-Floating Rate Subordinated Notes, Regulation FD Disclosure, Depository Trust Company, forward-looking statements, +1 more
5 terms
Fixed-to-Floating Rate Subordinated Notes financial
"all of its outstanding 2.75% Fixed-to-Floating Rate Subordinated Notes due 2031"
A fixed-to-floating rate subordinated note is a debt security that pays a set interest rate for an initial period and then switches to a variable rate tied to a market benchmark; it ranks below senior debt for repayment if the issuer has financial trouble. Investors care because it offers higher initial yield than senior bonds but carries greater credit and repayment risk and exposes holders to changing interest costs after the switch, like moving from a steady paycheck to one that fluctuates with the economy.
Regulation FD Disclosure regulatory
"Item 7.01 Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
Depository Trust Company financial
"Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company."
A central securities depository that holds stocks, bonds and other securities in electronic form and handles the transfer and finalizing of trades between brokerages. For investors it acts like a secure electronic vault and central bookkeeping hub that speeds transactions, reduces the chance of lost or duplicated certificates, and determines whether holdings are eligible for trading, dividends and other corporate actions through your broker.
forward-looking statements regulatory
"This report contains, and our other communications may contain, forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Non-Cumulative Perpetual Preferred Stock financial
"7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
FAQ
What did UMBF announce regarding its subordinated notes on September 1, 2026?
UMB Financial Corporation announced it will redeem all outstanding 2.75% Fixed-to-Floating Rate Subordinated Notes due 2031 on September 15, 2026 at 100% of principal plus accrued and unpaid interest to, but excluding, the redemption date.
What is the redemption price for UMBF's 2.75% subordinated notes?
The redemption price will be 100% of the principal amount of the Notes redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date of September 15, 2026.
Which UMBF securities are being redeemed under this 8-K?
UMB Financial Corporation is redeeming all outstanding 2.75% Fixed-to-Floating Rate Subordinated Notes due 2031, identified by CUSIP 42234Q AE2.
How will UMBF’s redemption payments be made to noteholders?
Payment of the redemption price for the Notes will be made through the facilities of The Depository Trust Company, following notice and instructions provided under the indenture governing the Notes.
Does this UMBF 8-K represent an offer to sell or buy securities?
No. UMB Financial Corporation states that this report does not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities in any jurisdiction.
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