Umb Financial - UMBF STOCK NEWS

UMB Financial (UMBF) has declared a dividend of $175 per share on its Series A 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, equivalent to $0.4375 per depositary share. The dividend will be paid on April 15, 2025, to stockholders of record as of March 31, 2025.

Following UMB Financial's acquisition of Heartland Financial (HTLF) on January 31, 2025, former HTLF Series E Preferred Stock shares were converted to UMB Preferred Stock at a one-for-one exchange rate, maintaining identical terms for stockholders.

UMB Financial operates as a comprehensive financial services company, providing commercial, personal, and institutional banking services through branches across 13 states, including Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, and Wisconsin.

UMB Financial (UMBF) has completed its largest acquisition in its 111-year history, acquiring Heartland Financial USA (HTLF). The transaction significantly expands UMB's presence, increasing total assets to approximately $68 billion and extending its geographic footprint from 8 to 13 states.

The acquisition adds 104 new branches and 115 ATMs to UMB's existing network of 93 banking centers and 235 ATMs. It also increases UMB's private wealth management AUM/AUA by 32% and expands its retail deposit base. New states added to UMB's footprint include California, Iowa, Minnesota, New Mexico, and Wisconsin.

HTLF will initially operate as a division of UMB, with banking centers and systems conversion anticipated in Q4 2025. Five HTLF board members have joined UMB's Board of Directors, expanding it to 16 members.

UMB Financial (UMBF) reported strong Q4 2024 results with net income of $120.0 million ($2.44 per diluted share) and net operating income of $122.6 million ($2.49 per diluted share). Key highlights include:

- Average loans increased 14.8% on a linked-quarter basis to $25.3 billion
- Average deposits grew 30.9% to $38.0 billion
- Net interest income rose 8.7% from Q3 2024
- Net interest margin improved by 11 basis points to 2.57%
- Credit quality remained strong with net charge-offs of 0.10%

For full-year 2024, UMBF achieved record results with:
- Net income of $441.2 million
- Net operating income of $461.7 million
- Net interest income exceeding $1.0 billion
- Noninterest income of $628.1 million

The company announced its merger with Heartland Financial is scheduled to close on January 31, 2025.

UMB Financial (Nasdaq: UMBF) has announced it will release its fourth quarter and full-year 2024 earnings results after market hours on Tuesday, January 28, 2025. The company will host an investor conference call on Wednesday, January 29, at 8:30 a.m. (CT) / 9:30 a.m. (ET) to discuss the results.

Investors can access the call via toll-free number 833-470-1428 or international number 404-975-4839 using access code 099512. A live webcast will be available through investorrelations.umb.com. A replay of the conference call will be accessible until February 12, 2025, through both phone and website options.

UMB Financial (UMBF) has received regulatory approvals from the OCC and Federal Reserve to acquire Heartland Financial USA (HTLF), following shareholder approvals from both companies. The acquisition is expected to close around January 31, 2025.

Post-acquisition, UMB will have approximately $66 billion in assets, positioning it in the top 4% of publicly traded U.S. banks. The transaction will increase UMB's private wealth management AUM/AUA by 31% and nearly double its retail deposit base, while expanding its presence from 8 to 13 states.

Five HTLF board members will join UMB's Board of Directors, expanding it to 16 members. UMB is finalizing a Community Benefits Agreement to detail support throughout its expanded footprint.

UMB Financial (UMBF) reported strong Q3 2024 financial results with net income of $109.6 million, or $2.23 per diluted share, up from $101.3 million in Q2 2024 and $96.6 million in Q3 2023. The company showed robust growth with average loans increasing 9.8% on a linked-quarter annualized basis to $24.4 billion, and average deposits growing 11.1% to $35.3 billion. Credit quality remained strong with net charge-offs of just 0.08% of average loans. The company is on track to complete its pending acquisition of Heartland Financial in Q1 2025.

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

Interested parties can access the call by dialing 833-470-1428 (toll-free) or 404-975-4839 (international) with access code 961896. A live webcast will be available at investorrelations.umb.com. A replay of the call will be accessible through November 13, 2024.

UMB Financial is a financial services company offering commercial banking, personal banking, and institutional banking services. It operates branches across several states and serves business clients nationwide and institutional clients internationally.

UMB Bank, a subsidiary of UMB Financial (Nasdaq: UMBF), has expanded its CLO Trustee and Loan Administration team with three industry veterans: Henry Brigham, Willis Hwang, and David Knecht. These new hires bring over 50 years of combined CLO experience to UMB, significantly enhancing the bank's capabilities in the CLO market.

The expansion is part of UMB's strategic initiative to strengthen its position in the CLO market. The CLO business, which is part of UMB's Corporate Trust and Agency Services group, provides trustee and collateral administration services for various investment structures. This move aims to meet the growing demands of both current and future clients in the CLO sector.

Saturna Capital has revamped its Employer Health Savings Account (HSA) offering, introducing innovative features to enhance employee benefits. The new HSA plan addresses a common issue by automating transfers from the HSA Spending Account to the HSA Investment Account, eliminating the need for manual requests. This improvement aims to increase the percentage of accountholders investing their HSA assets, which was only 13% in 2022.

Key features of Saturna's enhanced HSA include:

• Option to automate transfers into the Investment Account
• Ability to mirror 401(k) plan funds, reducing educational burden
• Partnership with UMB Financial (NASDAQ:UMBF) for account management and custodial services
• FDIC-insured bank accounts
• Associated debit cards
• $0 monthly maintenance fees

This revamp aims to simplify HSA management and encourage more employees to maximize their HSA benefits.