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) delivers comprehensive financial services through its banking, wealth management, and specialized advisory divisions. This news hub provides investors and professionals with centralized access to official announcements and market-moving developments.
Key resources include quarterly earnings reports, strategic partnership announcements, leadership updates, and regulatory filings. Users will find detailed coverage of UMBF's regional banking operations, asset management initiatives, and innovations in health spending solutions.
Bookmark this page for real-time updates on financial performance metrics, dividend declarations, and corporate responsibility initiatives. Our curated news feed ensures you never miss critical developments affecting this Midwest-focused financial institution's market position.
UMB Bank has donated $400,000 to CHES, Inc. to enhance credit scores for underserved communities via the rent-reporting platform Esusu. This partnership aims to assist clients in improving their credit ratings by reporting up to 24 months of on-time rent payments to major credit bureaus like Equifax and Transunion. CHES has been active in the Kansas City area since 2010, providing financial empowerment programs that help low-to-moderate income households achieve financial sustainability and readiness for homeownership.
UMB Financial Corporation (Nasdaq: UMBF) reported a strong financial performance for Q1 2022, achieving a GAAP net income of $106.0 million, or $2.17 per diluted share, marking a robust increase from $78.5 million in Q4 2021. Average loans and deposits increased by 19.1% and 21.5% respectively on an annualized basis. The company saw a 10.9% rise in pre-tax, pre-provision income (PTPP-FTE) compared to Q4 2021. Credit quality remained steady with net charge-offs at 0.20% of average loans. A $0.37 per share quarterly dividend was declared, demonstrating a return of capital to shareholders.
UMB Financial Corporation (NASDAQ: UMBF) will announce its first quarter 2022 earnings after market hours on April 26, 2022. An investor conference call to discuss the results is scheduled for April 27, 2022, at 8:30 a.m. (CT). Interested parties can access the call by dialing 844-200-6205 (toll-free) or 929-526-1599 (international). A replay will be available until May 11, 2022, by calling 866-813-9403. UMB Financial provides a range of financial services across several states, focusing on commercial and personal banking.
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 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 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 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.
