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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 (Nasdaq: UMBF) will release its second-quarter 2021 earnings results on July 27, 2021, after market hours. An investor conference call is scheduled for July 28, 2021, at 8:30 a.m. (CT) to discuss these results. Interested participants can access the call by dialing toll-free 877-267-8760 or internationally at 412-542-4148. The call will also be available online. A replay can be accessed until August 11, 2021, using the toll-free number or through the investor relations website.
UMB Financial Corporation (Nasdaq: UMBF) announced a quarterly cash dividend of $0.32 per share, set for payment on July 1, 2021. Shareholders of record must hold their shares by the close of business on June 10, 2021. In addition, the Board approved a new share repurchase program allowing the buyback of up to 2,000,000 shares of common stock. This program will remain active until the regular Board meeting following the 2022 annual shareholder meeting, with shares potentially used for compensation plans and dividend reinvestment.
UMB Financial Corporation (Nasdaq: UMBF) reported a first-quarter 2021 net income of $92.6 million, or $1.91 per diluted share, down from $156.3 million in Q4 2020, yet improved compared to a net loss of $3.4 million in Q1 2020. The net interest income was $194.1 million, a slight decrease from the prior quarter but an increase of 11.6% year-over-year. Noninterest income fell significantly by 52.3% due to reduced investment securities gains. Overall, the company's average loans rose by 8.4% on a linked-quarter basis.
UMB Financial Corporation (Nasdaq: UMBF) will release its Q1 2021 earnings before market hours on April 27, 2021. An investor conference call is scheduled for April 28, 2021, at 8:30 AM CT to discuss the results. Interested investors can join the call by dialing 877-267-8760 (toll-free) or 412-542-4148 (international). A replay will be available until May 12, 2021. UMB Financial provides a range of financial services including commercial, personal, and institutional banking.
UMB Bank, a subsidiary of UMB Financial Corporation (Nasdaq: UMBF), has opened a new office in Dublin, Ireland, expanding its trust services into a key international hub for structured finance. The office, managed by Katherine O’Brien, will enable UMB to provide the Irish Owner Trustee product to clients globally. This move signifies UMB's commitment to growth in the aviation trust market, aligning with industry trends. UMB's inclusion as an approved trustee for the Global Aircraft Trading System in 2020 further supports this expansion.
UMB Financial Corporation (Nasdaq: UMBF) reported a strong performance in Q4 2020, achieving net income of $156.3 million, or $3.24 per diluted share, up from $73.1 million in Q3 2020 and $66.5 million in Q4 2019. For the year, net income increased 17.6% to $286.5 million. The noteworthy results include a pre-tax gain of $108.8 million from investments. Furthermore, pre-tax, pre-provision income surged by 91.1% quarter-over-quarter. Loan balances excluding PPP increased 10.4% from the previous year, showcasing robust growth. Credit quality remains strong with net charge-offs at 0.13%.
UMB Financial Corporation (Nasdaq: UMBF) will announce its fourth quarter and full-year 2020 earnings after market close on January 26, 2021. A conference call to discuss these results is scheduled for January 27, 2021, at 8:30 a.m. (CT). Interested parties can access the call through toll-free numbers or via the company’s investor relations website. A replay of the call will be available until February 10, 2021. UMB Financial offers a range of services including commercial, personal, and institutional banking across several states.
UMB Financial Corporation (Nasdaq: UMBF) has rebranded its Investment Banking Division to UMB Bank Capital Markets Division, offering a wider array of capital solutions. The move follows significant growth, highlighted by a new office in New York City and a 44% increase in market share in 2020. The division provides various services, including fixed income sales, public finance, corporate bond underwriting, and municipal advisory, positioning UMB Bank to serve diverse clients efficiently across the nation.
UMB Financial Corporation (Nasdaq: UMBF) reported a strong Q3 2020 with net income of $73.1 million ($1.52 per diluted share), up from $60.5 million in Q2 2020 and $62.4 million in Q3 2019. Pre-tax, pre-provision income rose to $99.4 million, marking a 10.2% increase quarter-over-quarter and 23.5% year-over-year. The bank also announced a $0.32 cash dividend, a 3.2% increase, payable on January 4, 2021. Average loans increased by 9.7% and noninterest income grew by 9.0% compared to last year, reflecting solid operational performance.
UMB Financial Corporation (Nasdaq: UMBF) will release its third quarter 2020 earnings results after market hours on October 27, 2020. Following this, the company will conduct a conference call on October 28, 2020, at 8:30 a.m. (CT) to discuss the results. Interested parties can join the call by dialing 877-267-8760 or accessing it through the company's investor relations website. A replay of the conference call will be available until November 11, 2020. UMB offers a range of financial services including commercial and personal banking.
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