UMB Financial Corporation Announces Dividend on Series A Preferred Stock; Nasdaq UMBFP

Rhea-AI Summary

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.

Positive

• Consistent dividend payment maintains steady income for preferred stockholders
• Successful completion of Heartland Financial acquisition expands market presence
• Geographic diversification across 13 states strengthens market position

Negative

• Non-cumulative preferred stock structure means missed dividends won't accumulate

KANSAS CITY, Mo.--(BUSINESS WIRE)-- UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced today that its Board of Directors approved a dividend of $175 per share of the Company’s Series A 7.00% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock (the “UMB Preferred Stock”), which results in a dividend of $0.4375 per depositary share. The dividend is payable April 15, 2025, to holders of record of the UMB Preferred Stock as of the close of business on March 31, 2025.

UMB Financial acquired Heartland Financial (HTLF) on January 31, 2025. Shares of the former HTLF Series E Preferred Stock (the “HTLF Preferred Stock”), were converted to shares of UMB Preferred Stock at an exchange rate of one-for-one in connection with the acquisition, providing stockholders of the HTLF Preferred Stock with shares of UMB Preferred Stock with the same terms.

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Missouri. UMB offers commercial banking, which includes comprehensive deposit, lending, investment and retirement plan services; personal banking, which includes comprehensive deposit, lending, wealth management and financial planning services; and institutional banking, which includes asset servicing, corporate trust solutions, investment banking and healthcare services. UMB operates branches throughout Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, and Wisconsin. As the company’s reach continues to grow, it also serves business clients nationwide and institutional clients in several countries. For more information, visit UMB.com, UMB Blog, UMB Facebook and UMB LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250312804853/en/

Media Contact: Stephanie Hollander: 816.729.1027

Investor Relations Contact: Kay Gregory: 816.860.7106

Source: UMB Financial Corporation

FAQ

When will UMB Financial (UMBF) pay its Series A Preferred Stock dividend in 2025?

UMB Financial will pay the Series A Preferred Stock dividend on April 15, 2025, to shareholders of record as of March 31, 2025.

How much is UMBF's Series A Preferred Stock dividend payment for 2025?

The dividend is $175 per share of Series A Preferred Stock, or $0.4375 per depositary share.

What happened to Heartland Financial's Series E Preferred Stock after UMBF's acquisition?

HTLF Series E Preferred Stock was converted to UMB Preferred Stock at a one-for-one exchange rate, maintaining the same terms for stockholders.

When did UMB Financial complete its acquisition of Heartland Financial?

UMB Financial completed its acquisition of Heartland Financial on January 31, 2025.

How many states does UMB Financial (UMBF) operate in as of 2025?

UMB Financial operates branches across 13 states, including Missouri, Arizona, California, Colorado, Iowa, Kansas, Illinois, Minnesota, Nebraska, New Mexico, Oklahoma, Texas, and Wisconsin.