Articles from UMB Financial Corporation

UMB Financial Corporation (Nasdaq: UMBF) announced that it will close the acquisition of Heartland Financial USA, Inc. (Nasdaq: HTLF) today, effective at 11:59 p.m. As a result of this successful completion, UMB’s asset size will increase to approximately $68 billion (based on assets as of Dec. 31, 2024), expanding its geographic footprint from eight to 13 states. The acquisition also increases UMB’s private wealth management AUM/AUA by 32% and significantly expands its retail deposit base.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the fourth quarter of 2024 of $120.0 million, or $2.44 per diluted share, compared to $109.6 million, or $2.23 per diluted share, in the third quarter (linked quarter) and $70.9 million, or $1.45 per diluted share, in the fourth quarter of 2023.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the fourth quarter 2024 after market hours on Tuesday, January 28, 2025. The company plans to host an investor conference call to discuss these results on Wednesday, January 29, at 8:30 a.m. (CT) / 9:30 a.m. (ET).

UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial USA, Inc. (Nasdaq: HTLF) are pleased to share that the necessary regulatory approvals from the Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System have been received to complete the previously announced acquisition of HTLF. These approvals follow shareholder approvals for both companies.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the third quarter of 2024 of $109.6 million, or $2.23 per diluted share, compared to $101.3 million, or $2.07 per diluted share, in the second quarter (linked quarter) and $96.6 million, or $1.98 per diluted share, in the third quarter of 2023.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the third quarter 2024 after market hours on Tuesday, October 29, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, October 30, at 8:30 a.m. (CT) / 9:30 a.m. (ET).

UMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), today announces the expansion of its CLO Trustee and Loan Administration team with the hire of Henry Brigham, Willis Hwang and David Knecht.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the second quarter of 2024 of $101.3 million, or $2.07 per diluted share, compared to $110.3 million, or $2.25 per diluted share, in the first quarter (linked quarter) and $90.1 million, or $1.85 per diluted share, in the second quarter of 2023.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the second quarter 2024 after market hours on Tuesday, July 30, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, July 31, at 8:30 a.m. (CT) / 9:30 a.m. (ET).

UMB Financial Corporation (NASDAQUMBF) (“UMB”) announced today that it priced an underwritten public offering of 2,800,000 shares of its common stock at a price of $75.00 per share (before underwriting discounts and commissions), for approximate net proceeds of $201.6 million (before offering expenses, assuming the underwriters do not exercise their option to purchase additional shares and upon, and assuming, full physical settlement of the forward sale agreement) in connection with the forward sale agreement described below.

UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial, USA Inc. (Nasdaq: HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the first quarter of 2024 of $110.3 million, or $2.25 per diluted share, compared to $70.9 million, or $1.45 per diluted share, in the fourth quarter of 2023 (linked quarter) and $92.4 million, or $1.90 per diluted share, in the first quarter of 2023. The results for the first quarter of 2024 and the fourth quarter of 2023 include pre-tax expense of $13.0 million and $52.8 million, respectively, for the industry-wide FDIC special assessment.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the first quarter 2024 after market hours on Tuesday, April 30, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, May 1, at 8:30 a.m. (CT) / 9:30 a.m. (ET).

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the fourth quarter of 2023 of $70.9 million, or $1.45 per diluted share, compared to $96.6 million, or $1.98 per diluted share, in the third quarter of 2023 (linked quarter) and $100.2 million, or $2.06 per diluted share, in the fourth quarter of 2022. The results for the fourth quarter of 2023 include a pre-tax expense of $52.8 million for the industry-wide FDIC special assessment.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the fourth quarter 2023 after market hours on Tuesday, January 30, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, January 31, at 8:30 a.m. (CT) / 9:30 a.m. (ET).

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the third quarter of 2023 of $96.6 million, or $1.98 per diluted share, compared to $90.1 million, or $1.85 per diluted share, in the second quarter of 2023 (linked quarter) and $88.0 million, or $1.81 per diluted share, in the third quarter of 2022.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the third quarter 2023 after market hours on Tuesday, October 24, 2023. The company plans to host an investor conference call to discuss these results on Wednesday, October 25, 2023, at 8:30 a.m. (CT) / 9:30 a.m. (ET).

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the second quarter of 2023 of $90.1 million, or $1.85 per diluted share, compared to $92.4 million, or $1.90 per diluted share, in the first quarter of 2023 (linked quarter) and $137.6 million, or $2.83 per diluted share, in the second quarter of 2022. The results for the second quarter of 2022 include a pre-tax gain of $66.2 million on the sale of the company's entire investment in Visa Inc. Class B common shares, and a pre-tax $5.0 million contribution to the company's charitable foundation.

UMB Financial Corporation (Nasdaq: UMBF) has announced the appointment of Phil Mason to the role of president, Institutional Banking. Brian Hutchin has been promoted to fill Mason’s prior role of director of UMB Healthcare Services.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the second quarter 2023 after market hours on Tuesday, July 25, 2023. The company plans to host an investor conference call to discuss these results on Wednesday, July 26, 2023, at 9:30 a.m. (CT) / 10:30 a.m. (ET).

UMB Fund Services announced today the addition of Jim Ross to the Investment Managers Series Trust (IMST) Board of Trustees.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the first quarter of 2023 of $92.4 million, or $1.90 per diluted share, compared to $100.2 million, or $2.06 per diluted share, in the fourth quarter of 2022 (linked quarter) and $106.0 million, or $2.17 per diluted share, in the first quarter of 2022.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the first quarter 2023 on Tuesday, April 25, 2023. The company plans to host an investor conference call to discuss these results on Wednesday, April 26, 2023, at 8:30 a.m. (CT).

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the fourth quarter of 2022 of $100.2 million, or $2.06 per diluted share, compared to $88.0 million, or $1.81 per diluted share, in the third quarter of 2022 (linked quarter) and $78.5 million, or $1.61 per diluted share, in the fourth quarter of 2021.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the fourth quarter 2022 after market hours on Tuesday, January 24, 2023. The company plans to host an investor conference call to discuss these results on Wednesday, January 25, 2023, at 8:30 a.m. (CT).

UMB announced today it has obtained regulatory approval to offer Delaware Statutory Trust services through its subsidiary UMB Delaware Inc. Delaware Statutory Trust services will be provided through a recently opened office in Wilmington, Delaware led by industry veteran Kristin Moore, SVP, President of UMB Delaware Inc., Team Manager.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the third quarter of 2022 of $88.0 million, or $1.81 per diluted share, compared to $137.6 million, or $2.83 per diluted share, in the second quarter of 2022 (linked quarter) and $94.5 million, or $1.94 per diluted share, in the third quarter of 2021. The results for the second quarter of 2022 include a pre-tax gain of $66.2 million on the sale of the company’s entire investment in Visa Inc. Class B common shares, and a pre-tax $5.0 million contribution to the company’s charitable foundation.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the third quarter 2022 after market hours on Tuesday, October 25, 2022. The company plans to host an investor conference call to discuss these results on Wednesday, October 26, 2022, at 8:30 a.m. (CT).

UMB Financial Corporation (Nasdaq: UMBF) (“UMB”) announced today that it priced an offering of $110 million aggregate principal amount of 6.250 percent fixed-to-fixed rate subordinated notes, due 2032 at a price to the public of 100 percent of their face value. Interest on these notes will accrue at a rate equal to (i) 6.250 percent per annum from and including the original issue date to, but excluding, September 28, 2027, the reset date, and (ii) a fixed rate per annum equal to the five-year U.S. Treasury rate as of the reset date, plus 2.298 percent per annum, from and including the reset date, but excluding, September 28, 2032.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the second quarter of 2022 of $137.6 million, or $2.83 per diluted share, compared to $106.0 million, or $2.17 per diluted share, in the first quarter of 2022 (linked quarter) and $87.4 million, or $1.79 per diluted share, in the second quarter of 2021. The results for the second quarter of 2022 include a pre-tax gain of $66.2 million on the sale of the company’s entire investment in Visa Inc. Class B common shares, and a pre-tax $5.0 million contribution to the company’s charitable foundation.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the second quarter 2022 after market hours on Tuesday, July 26, 2022. The company plans to host an investor conference call to discuss these results on Wednesday, July 27, 2022 at 9:30 a.m. (CT).

UMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), is pleased to announce the execution of a definitive agreement to acquire the health savings account (HSA) business of Old National Bank, a wholly owned subsidiary of Old National Bancorp (Nasdaq: ONB).The transaction contemplates the transfer of approximately $500 million in client assets of which approximately $400 million are held in deposit accounts (based on numbers as of March 31, 2022). The assets, which are comprised of approximately 157,000 accounts across more than 3,000 employer groups, will significantly expand UMB’s direct-to-employer accounts.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the first quarter of 2022 of $106.0 million, or $2.17 per diluted share, compared to $78.5 million, or $1.61 per diluted share, in the fourth quarter of 2021 (linked quarter) and $92.6 million, or $1.91 per diluted share, in the first quarter of 2021.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the first quarter 2022 after market hours on Tuesday, April 26, 2022. The company plans to host an investor conference call to discuss these results on Wednesday, April 27, 2022 at 8:30 a.m. (CT).

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the fourth quarter of 2021 of $78.5 million, or $1.61 per diluted share, compared to $94.5 million, or $1.94 per diluted share, in the third quarter of 2021 (linked quarter) and $156.3 million, or $3.24 per diluted share, in the fourth quarter of 2020. Results for the fourth quarter and full-year 2020 include a pre-tax gain of $108.8 million on the company’s investment in Tattooed Chef, Inc. (TTCF).

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the fourth quarter 2021 after market hours on Tuesday, January 25, 2022. The company plans to host an investor conference call to discuss these results on Wednesday, January 26, 2022 at 8:30 a.m. (CT).

UMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), today announces it has been selected to serve as custodian for the Texas Cooperative Liquid Assets Securities System Trust (Texas CLASS), a local government investment pool established in 1996 that is available to all Texas municipalities, counties, school districts, authorities, and local government entities.

UMB Bank, n.a., a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), announced today it has joined a consortium of community and mid-sized banks to more effectively and efficiently adopt technology. The goal of the consortium is to quicken the pace of innovation, helping to level the playing field and enable institutions like UMB to compete against large, national players.

UMB Healthcare Services, a leading national HSA provider, is excited to announce a new suite of tax-advantaged benefit accounts that complements its current health savings accounts solution offered to employers. In addition to HSAs, their comprehensive benefit accounts solution now includes flexible spending accounts (FSAs), health reimbursement arrangements (HRAs) and commuter benefit accounts.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the third quarter of 2021 of $94.5 million, or $1.94 per diluted share, compared to $87.4 million, or $1.79 per diluted share, in the second quarter of 2021 (linked quarter) and $73.1 million, or $1.52 per diluted share, in the third quarter of 2020.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the third quarter 2021 after market hours on Tuesday, October 26, 2021. The company plans to host an investor conference call to discuss these results on Wednesday, October 27, 2021 at 8:30 a.m. (CT).

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the second quarter of 2021 of $87.4 million, or $1.79 per diluted share, compared to $92.6 million, or $1.91 per diluted share, in the first quarter of 2021 (linked quarter) and $60.5 million, or $1.26 per diluted share, in the second quarter of 2020.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the second quarter 2021 after market hours on Tuesday, July 27, 2021. The company plans to host an investor conference call to discuss these results on Wednesday, July 28, 2021 at 8:30 a.m. (CT).

During a meeting of the Board of Directors (the “Board”) of UMB Financial Corporation (Nasdaq: UMBF) held today, the Board declared a $0.32 per share quarterly cash dividend, payable on July 1, 2021 to the company’s shareholders of record on the close of business on June 10, 2021.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the first quarter of 2021 of $92.6 million, or $1.91 per diluted share, compared to net income of $156.3 million, or $3.24 per diluted share, in the fourth quarter of 2020 (linked quarter) and net loss of $3.4 million, or $0.07 per diluted share, in the first quarter of 2020.

UMB Financial Corporation (Nasdaq: UMBF), a financial services company, will release earnings results for the first quarter 2021 before market hours on Tuesday, April 27, 2021. The company plans to host an investor conference call to discuss these results on Wednesday, April 28, 2021 at 8:30 a.m. (CT).