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 (UMBF) is a prominent provider of comprehensive financial services catering to both individuals and institutions. As a financial services holding company, UMBF offers a wide range of banking, asset management, and health spending solutions. The company operates through its primary banking subsidiary, UMB Bank, N.A., which is a member of the FDIC and an Equal Housing Lender.
UMB Financial Corp’s operations extend across the United States with a strong presence in the Midwest and Southwest regions. UMB Bank and its affiliates provide an extensive array of services including commercial banking, personal banking, and wealth management. Additionally, UMB Financial Corp’s subsidiaries specialize in mutual fund services, alternative investments, brokerage services, and insurance, further diversifying its financial offerings.
The company's revenue is balanced between interest income and noninterest income, showcasing a well-diversified portfolio. UMBF’s asset management arm delivers tailored investment advisory services, helping clients manage their financial health and achieve their long-term goals. The health spending solutions provided by UMB Financial Corp are designed to assist customers in efficiently managing their healthcare expenses.
UMB Financial Corp has continually demonstrated robust financial health, with consistent growth in its asset base and revenue streams. The company maintains a strong commitment to community involvement and corporate responsibility, contributing to various social and economic development projects.
Recent achievements include the expansion of their digital banking platforms, enhancing customer experience and accessibility. UMB Financial Corp has also formed key partnerships with fintech companies to innovate and streamline its service offerings. These strategic initiatives reflect UMBF’s dedication to adapting to evolving market needs and technological advancements.
For the latest updates and developments regarding UMB Financial Corporation, visit the company’s news section on their official website or stay tuned to financial news platforms.
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.
UMB Financial Corporation (Nasdaq: UMBF) reported a GAAP net income of $94.5 million for Q3 2021, equating to $1.94 per diluted share, marking an increase from $87.4 million in Q2 2021 and $73.1 million in Q3 2020. Average loans rose 6.5% to $16.8 billion, while average deposits jumped 22.0% to $29.4 billion. However, pre-tax, pre-provision income declined 16.4% from the previous quarter. The company declared a $0.37 dividend per share for payment on January 3, 2022.
UMB Financial Corporation (NASDAQ: UMBF) will announce its third-quarter 2021 earnings on October 26, 2021, after market close. An investor conference call is scheduled for October 27, 2021, at 8:30 a.m. CT. Interested investors can join the call by dialing (877) 267-8760 or accessing it online via investorrelations.umb.com. A replay will be available until November 10, 2021, at (877) 344-7529, using access code 10160723.
New York Community Bancorp (NYSE: NYCB) has appointed Douglas Pagliaro as Senior Managing Director and Deputy Chief Digital and Banking as a Service Officer. With 28 years of banking experience, including expertise in digital and BaaS, Pagliaro aims to enhance the bank's deposit gathering and BaaS capabilities. Previously, he was with UMB Financial (NASDAQ: UMBF), where he implemented significant BaaS initiatives. The company is in the process of merging with Flagstar Bancorp and expects combined assets of $85 billion post-merger.
UMB Financial Corporation (Nasdaq: UMBF) reported a net income of $87.4 million for Q2 2021, translating to $1.79 per diluted share. This marks a slight decrease from $92.6 million in Q1 2021 but a significant increase from $60.5 million in Q2 2020. The company experienced a 19.0% annualized increase in average loans, leading to a 20.8% rise in noninterest income compared to Q1. A 15.6% increase in quarterly cash dividend to $0.37 per share was also announced, payable on October 1, 2021.
FAQ
What is the current stock price of UMB Financial (UMBF)?
What is the market cap of UMB Financial (UMBF)?
What services does UMB Financial Corporation provide?
Where is UMB Financial Corporation located?
Is UMB Bank a member of the FDIC?
Does UMB Financial Corp provide services to both individuals and institutions?
What distinguishes UMB Financial Corporation’s revenue streams?
Has UMB Financial Corp made any recent technological advancements?
What is the ticker symbol for UMB Financial Corporation?
Does UMB Financial Corp engage in community involvement?
What types of investment services does UMB Financial Corp offer?
Where can I find the latest news about UMB Financial Corp?
