Summary
81.59 -0.87(-1.06%)07/05/2024
UMB Financial Corp. (UMBF)
UMB Financial Corp. (UMBF)
Key Facts
| 1 Day | 1 Week | 1 Month | 3 Months | 6 Months | 1 Year | 5 Years | All Time |
| -1.16 | -2.14 | 1.08 | -1.94 | 0.34 | 35.02 | 31.39 | 3,030.68 |
Last 730 data points are shown. To view all data, Upgrade to PRO plan with only $1
| Trading Data | ||
| Close | 81.59 | |
| Open | 82.29 | |
| High | 82.61 | |
| Low | 81.16 | |
| Volume | 187,645 | |
| Change | -0.96 | |
| Change % | -1.16 | |
| Avg Volume (20 Days) | 226,101 | |
| Volume/Avg Volume (20 Days) Ratio | 0.83 | |
| 52 Week Range | 57.84 - 87.36 | |
| Price vs 52 Week High | -6.60% | |
| Price vs 52 Week Low | 41.06% | |
| Range | -0.85 | |
| Gap Up/Down | -1.71 | |
Fundamentals | ||
| Market Capitalization (Mln) | 3,977 | |
| EBIDTA | 0 | |
| PE Ratio | 11.7326 | |
| PEG Ratio | 1.7300 | |
| WallStreet Target Price | 92.67 | |
| Book Value | 63.8550 | |
| Earnings Per Share | 7.1800 | |
| EPS Estimate Current Quarter | 1.7600 | |
| EPS Estimate Next Quarter | 1.6600 | |
| EPS Estimate Current Year | 7.2000 | |
| EPS Estimate Next Year | 7.7400 | |
| Diluted EPS (TTM) | 7.1800 | |
| Revenues | ||
| Profit Marging | 0.2464 | |
| Operating Marging (TTM) | 0.3831 | |
| Return on asset (TTM) | 0.0085 | |
| Return on equity (TTM) | 0.1214 | |
| Revenue TTM | 1,420,742,016 | |
| Revenue per share TTM | 29.2910 | |
| Quarterly Revenue Growth (YOY) | 0.0250 | |
| Quarterly Earnings Growth (YOY) | -0.2970 | |
| Gross Profit (TTM) | 1,430,130,000 | |
| Dividends | ||
| Dividend Share | 1.5300 | |
| Dividend Yield | 0.0185 | |
| Valuations | ||
| Trailing PE | 11.7326 | |
| Forward PE | 11.9760 | |
| Price Sales (TTM) | 0.0000 | |
| Price Book (MRQ) | 1.3229 | |
| Revenue Enterprise Value | 0.0000 | |
| EBITDA Enterprise Value | 0.0000 | |
| Shares | ||
| Shares Outstanding | 48,742,100 | |
| Shares Float | 45,548,333 | |
| Shares Short | 0 | |
| Shares Short (Prior Month) | 0 | |
| Shares Ratio | 0.00 | |
| Short Outstanding (%) | 0.00 | |
| Short Float (%) | 0.00 | |
| Insider (%) | 9.07 | |
| Institutions (%) | 89.04 | |
06/28 07:21 EST - seekingalpha.com
5 Stocks I Sold Due To "Fragile Stagflation" Risk
Fragile stagflation presents challenges for investors, with limited opportunities for good returns in stocks and bonds. It is likely markets will experience a lost decade in real terms when measured from 2022. I share 5 stocks I recently sold, why I sold them, my barbell strategy, and how much cash I am holding in my investment portfolios.
5 Stocks I Sold Due To "Fragile Stagflation" Risk
Fragile stagflation presents challenges for investors, with limited opportunities for good returns in stocks and bonds. It is likely markets will experience a lost decade in real terms when measured from 2022. I share 5 stocks I recently sold, why I sold them, my barbell strategy, and how much cash I am holding in my investment portfolios.
06/11 10:45 EST - zacks.com
Here's Why UMB Financial (UMBF) is a Must-Buy Stock Right Now
UMB Financial (UMBF) is well-poised to gain from robust loan and deposit balance, higher interest rates and a solid balance sheet position.
Here's Why UMB Financial (UMBF) is a Must-Buy Stock Right Now
UMB Financial (UMBF) is well-poised to gain from robust loan and deposit balance, higher interest rates and a solid balance sheet position.
05/31 13:08 EST - marketwatch.com
KBW cuts Valley National rating and upgrades UMB in bank balance sheet study
UMB Financial Corp. drew its first upgrade to outperform in at least 20 years while Valley National Bancorp was downgraded to market perform as KBW weighed bank balance sheet strength in the current higher-for-longer interest rate environment
KBW cuts Valley National rating and upgrades UMB in bank balance sheet study
UMB Financial Corp. drew its first upgrade to outperform in at least 20 years while Valley National Bancorp was downgraded to market perform as KBW weighed bank balance sheet strength in the current higher-for-longer interest rate environment
05/31 11:50 EST - zacks.com
UMB Financial's (UMBF) Arm to Sell Broker-Dealer Business
UMB Financial's (UMBF) subsidiary, UMB Fund Services, is set to divest its broker-dealer distribution business to ACA Group.
UMB Financial's (UMBF) Arm to Sell Broker-Dealer Business
UMB Financial's (UMBF) subsidiary, UMB Fund Services, is set to divest its broker-dealer distribution business to ACA Group.
05/30 06:00 EST - businesswire.com
ACA Group Announces Agreement to Acquire UMB Distribution Services, LLC
NEW YORK--(BUSINESS WIRE)--ACA Group (ACA), the leading provider of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, today announced its intent to acquire the broker-dealer distribution business from UMB Fund Services, a subsidiary of UMB Financial Corporation (Nasdaq: UMBF) (UMB). The transaction is expected to close in the fourth quarter of 2024. ACA's distribution division, ACA Foreside, is the industry's largest third-party distributor by numbe.
ACA Group Announces Agreement to Acquire UMB Distribution Services, LLC
NEW YORK--(BUSINESS WIRE)--ACA Group (ACA), the leading provider of governance, risk, and compliance (GRC) solutions to clients in the financial services industry, today announced its intent to acquire the broker-dealer distribution business from UMB Fund Services, a subsidiary of UMB Financial Corporation (Nasdaq: UMBF) (UMB). The transaction is expected to close in the fourth quarter of 2024. ACA's distribution division, ACA Foreside, is the industry's largest third-party distributor by numbe.
05/29 12:35 EST - zacks.com
Why Is UMB (UMBF) Up 1.2% Since Last Earnings Report?
UMB (UMBF) reported earnings 30 days ago. What's next for the stock?
Why Is UMB (UMBF) Up 1.2% Since Last Earnings Report?
UMB (UMBF) reported earnings 30 days ago. What's next for the stock?
05/24 09:25 EST - zacks.com
4 Must-Buy Efficient Stocks to Enrich Your Portfolio
Invest in companies like Veracyte (VCYT), Signet Jewelers (SIG), UMB Financial (UMBF) and NVIDIA (NVDA) to make the most of higher efficiency levels.
4 Must-Buy Efficient Stocks to Enrich Your Portfolio
Invest in companies like Veracyte (VCYT), Signet Jewelers (SIG), UMB Financial (UMBF) and NVIDIA (NVDA) to make the most of higher efficiency levels.
05/20 00:00 EST - https://www.zacks.com
Associated Banc-Corp. (ASB) Loans & Deposits Aid Amid High Costs
Associated Banc-Corp. (ASB Quick QuoteASB - Free Report) remains well-positioned for revenue growth on the back of solid loans and deposit balance alongside higher rates. Further, strategic initiatives and a strong balance sheet are likely to bolster operational efficiency. However, an elevated expense base, worsening asset quality and concentrated loan portfolio remain challenges.Associated Banc-Corp.’s organic growth strategy is reflected in its robust loans and deposit balances and efforts to boost fee income. Though the company’s revenues dipped in the first quarter of 2024, the metric witnessed a compound annual growth rate (CAGR) of 3.2% over the six years ended 2023. Loans and deposits saw a CAGR of 5.8% and 6.6% over the same time period, respectively. The uptrend continued in the first quarter of 2024 for both metrics. The company aims to expand its lending capabilities under its strategic plan through the addition of “higher-margin” lending portfolios and digital investments. This will boost revenues and help the company achieve positive operating leverage over time. We project total revenues-Full-Time Equivalent to witness a CAGR of 2.5% by 2026. Amid the current high interest rates scenario, Associated Banc-Corp.’s net interest margin (NIM) is likely to witness a moderate expansion as high funding costs are weighing on it. The metric witnessed a decline in 2023 and the first quarter of 2024 due to a substantial increase in funding and deposit costs. Nonetheless, ASB’s balance sheet repositioning actions undertaken in the fourth quarter of 2023 and steady stabilization in funding costs are likely to support NIM expansion in 2024. We estimate NIM to be 2.85%, 3.02% and 3.10% in 2024, 2025 and 2026, respectively.Furthermore, ASB has been undertaking numerous measures to enhance operational efficiency and strengthen its balance sheet. In November 2023, the firm announced the second phase of its strategic plan, under which it aims to leverage the success of the first phase (announced in September 2021) and emphasize loan and deposit growth by 2025. Phase 1 of the plan boosted the lending capabilities and will continue to aid core business growth through the transformation of digital capabilities. The full impact of the initiatives undertaken in phase 2 is expected to be observed in the second half of 2024 and in 2025 by the company.Moreover, as of Mar 31, 2024, Associated Banc-Corp.’s total debt was $1.87 billion, while its cash and due from banks and interest-bearing deposits in other financial institutions were $850 million. The company enjoys investment-grade ratings of Baa3 and BBB- from Moody’s and Standard and Poor’s, respectively. Thus, given its earnings strength, the company is likely to meet its debt obligations in the near term in any case of economic downturn.Associated Banc-Corp. currently carries a Zacks Rank #3 (Hold). Over the past six months, shares of the company have rallied 23.3%, outperforming the industry’s growth of 19.2%. Image Source: Zacks Investment ResearchHowever, ASB’s elevated expense base remains a concern. Expenses witnessed a 2.3% CAGR over the past six years ended 2023, with the uptrend persisting in the first quarter of 2024. The increase was primarily due to higher personnel costs and technological expenses. Operating expenses are likely to remain elevated in light of the company’s strategic initiatives, digitization and inflationary pressure. Management expects a $25-$30 million reduction in non-interest expenses for 2024 under its strategic plan. Despite this, the overall expense base is expected to remain high due to business expansionary measures. We project adjusted total non-interest expenses to grow 2.7% in 2024.Worsening asset quality is another headwind for Associated Banc-Corp. Provision for credit losses witnessed an increase in 2022 and 2023. The uptrend persisted in the first quarter of 2024 as well. Even though the near-term recession risks have been reduced, expectations of an economic slowdown are likely to put pressure on asset quality. We estimate provision for credit losses to rise 16.7% this year.Additionally, a concentrated loan portfolio is another challenge for ASB. As of Mar 31, 2024, 62% of the loan portfolio comprised total commercial loans. A tough operating backdrop is likely to subdue the demand for such loans. Moreover, an economic slowdown might lead to a deterioration of the quality of these loans. Hence, economic turmoil could have a significant impact on the business.Banking Stocks Worth ConsideringSome better-ranked bank stocks worth a look are 1st Source Corporation (SRCE Quick QuoteSRCE - Free Report) and UMB Financial Corporation (UMBF Quick QuoteUMBF - Free Report) , sporting a Zacks Rank #1 (Strong Buy) each. Estimates for SRCE current-year earnings have been revised 2.8% upward in the past month. The company’s shares have increased 7% over the past six months.Estimates for UMBF current-year earnings have been revised 14.4% upward in the past 30 days. The company’s shares have risen 19.1% over the past six months. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
Associated Banc-Corp. (ASB) Loans & Deposits Aid Amid High Costs
Associated Banc-Corp. (ASB Quick QuoteASB - Free Report) remains well-positioned for revenue growth on the back of solid loans and deposit balance alongside higher rates. Further, strategic initiatives and a strong balance sheet are likely to bolster operational efficiency. However, an elevated expense base, worsening asset quality and concentrated loan portfolio remain challenges.Associated Banc-Corp.’s organic growth strategy is reflected in its robust loans and deposit balances and efforts to boost fee income. Though the company’s revenues dipped in the first quarter of 2024, the metric witnessed a compound annual growth rate (CAGR) of 3.2% over the six years ended 2023. Loans and deposits saw a CAGR of 5.8% and 6.6% over the same time period, respectively. The uptrend continued in the first quarter of 2024 for both metrics. The company aims to expand its lending capabilities under its strategic plan through the addition of “higher-margin” lending portfolios and digital investments. This will boost revenues and help the company achieve positive operating leverage over time. We project total revenues-Full-Time Equivalent to witness a CAGR of 2.5% by 2026. Amid the current high interest rates scenario, Associated Banc-Corp.’s net interest margin (NIM) is likely to witness a moderate expansion as high funding costs are weighing on it. The metric witnessed a decline in 2023 and the first quarter of 2024 due to a substantial increase in funding and deposit costs. Nonetheless, ASB’s balance sheet repositioning actions undertaken in the fourth quarter of 2023 and steady stabilization in funding costs are likely to support NIM expansion in 2024. We estimate NIM to be 2.85%, 3.02% and 3.10% in 2024, 2025 and 2026, respectively.Furthermore, ASB has been undertaking numerous measures to enhance operational efficiency and strengthen its balance sheet. In November 2023, the firm announced the second phase of its strategic plan, under which it aims to leverage the success of the first phase (announced in September 2021) and emphasize loan and deposit growth by 2025. Phase 1 of the plan boosted the lending capabilities and will continue to aid core business growth through the transformation of digital capabilities. The full impact of the initiatives undertaken in phase 2 is expected to be observed in the second half of 2024 and in 2025 by the company.Moreover, as of Mar 31, 2024, Associated Banc-Corp.’s total debt was $1.87 billion, while its cash and due from banks and interest-bearing deposits in other financial institutions were $850 million. The company enjoys investment-grade ratings of Baa3 and BBB- from Moody’s and Standard and Poor’s, respectively. Thus, given its earnings strength, the company is likely to meet its debt obligations in the near term in any case of economic downturn.Associated Banc-Corp. currently carries a Zacks Rank #3 (Hold). Over the past six months, shares of the company have rallied 23.3%, outperforming the industry’s growth of 19.2%. Image Source: Zacks Investment ResearchHowever, ASB’s elevated expense base remains a concern. Expenses witnessed a 2.3% CAGR over the past six years ended 2023, with the uptrend persisting in the first quarter of 2024. The increase was primarily due to higher personnel costs and technological expenses. Operating expenses are likely to remain elevated in light of the company’s strategic initiatives, digitization and inflationary pressure. Management expects a $25-$30 million reduction in non-interest expenses for 2024 under its strategic plan. Despite this, the overall expense base is expected to remain high due to business expansionary measures. We project adjusted total non-interest expenses to grow 2.7% in 2024.Worsening asset quality is another headwind for Associated Banc-Corp. Provision for credit losses witnessed an increase in 2022 and 2023. The uptrend persisted in the first quarter of 2024 as well. Even though the near-term recession risks have been reduced, expectations of an economic slowdown are likely to put pressure on asset quality. We estimate provision for credit losses to rise 16.7% this year.Additionally, a concentrated loan portfolio is another challenge for ASB. As of Mar 31, 2024, 62% of the loan portfolio comprised total commercial loans. A tough operating backdrop is likely to subdue the demand for such loans. Moreover, an economic slowdown might lead to a deterioration of the quality of these loans. Hence, economic turmoil could have a significant impact on the business.Banking Stocks Worth ConsideringSome better-ranked bank stocks worth a look are 1st Source Corporation (SRCE Quick QuoteSRCE - Free Report) and UMB Financial Corporation (UMBF Quick QuoteUMBF - Free Report) , sporting a Zacks Rank #1 (Strong Buy) each. Estimates for SRCE current-year earnings have been revised 2.8% upward in the past month. The company’s shares have increased 7% over the past six months.Estimates for UMBF current-year earnings have been revised 14.4% upward in the past 30 days. The company’s shares have risen 19.1% over the past six months. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>
05/14 13:21 EST - zacks.com
Surging Earnings Estimates Signal Upside for UMB (UMBF) Stock
UMB (UMBF) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Surging Earnings Estimates Signal Upside for UMB (UMBF) Stock
UMB (UMBF) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
05/01 18:30 EST - businesswire.com
HEARTLAND FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Heartland Financial, USA Inc. - HTLF
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Heartland Financial, USA Inc. (NasdaqGS: HTLF) to UMB Financial Corporation (NasdaqGS: UMBF). Under the terms of the proposed transaction, shareholders of Heartland will receive 0.55 shares of UMB for each share of Heartland that they own. KSF is seeking to determine whether this consideration and the process.
HEARTLAND FINANCIAL INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Heartland Financial, USA Inc. - HTLF
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Heartland Financial, USA Inc. (NasdaqGS: HTLF) to UMB Financial Corporation (NasdaqGS: UMBF). Under the terms of the proposed transaction, shareholders of Heartland will receive 0.55 shares of UMB for each share of Heartland that they own. KSF is seeking to determine whether this consideration and the process.
05/01 13:26 EST - zacks.com
UMB Financial (UMBF) to Buy Heartland Financial in $2B Deal
In the largest acquisition in UMB Finanical's (UMBF) history, the bank will acquire Heartland Financial, increase total assets by more than 40% and expand its geographic footprint.
UMB Financial (UMBF) to Buy Heartland Financial in $2B Deal
In the largest acquisition in UMB Finanical's (UMBF) history, the bank will acquire Heartland Financial, increase total assets by more than 40% and expand its geographic footprint.
05/01 13:20 EST - seekingalpha.com
UMB Financial Corporation (UMBF) Q1 2024 Earnings Call Transcript
UMB Financial Corporation (NASDAQ:UMBF ) Q1 2024 Earnings Conference Call May 1, 2024 9:30 AM ET Company Participants Kay Gregory - Investor Relations Mariner Kemper - Chairman and CEO Ram Shankar - Chief Financial Officer Jim Rine - Chief Executive Officer, UMB Bank Tom Terry - Chief Credit Officer Conference Call Participants Timur Braziler - Wells Fargo Chris McGratty - KBW Jared Shaw - Barclays Terry McEvoy - Stephens, Inc. David Long - Raymond James Operator Ladies and gentlemen, thank you for standing by. Welcome to the UMB Financial Conference Call.
UMB Financial Corporation (UMBF) Q1 2024 Earnings Call Transcript
UMB Financial Corporation (NASDAQ:UMBF ) Q1 2024 Earnings Conference Call May 1, 2024 9:30 AM ET Company Participants Kay Gregory - Investor Relations Mariner Kemper - Chairman and CEO Ram Shankar - Chief Financial Officer Jim Rine - Chief Executive Officer, UMB Bank Tom Terry - Chief Credit Officer Conference Call Participants Timur Braziler - Wells Fargo Chris McGratty - KBW Jared Shaw - Barclays Terry McEvoy - Stephens, Inc. David Long - Raymond James Operator Ladies and gentlemen, thank you for standing by. Welcome to the UMB Financial Conference Call.
04/30 10:56 EST - zacks.com
UMB Financial (UMBF) Q1 Earnings Top Estimates, Stock Falls 6.5%
UMB Financial's (UMBF) first-quarter 2024 earnings reflect higher loan and deposit balances, as well as lower provisions. However, lower NII and a rise in expenses are near-term concerns.
UMB Financial (UMBF) Q1 Earnings Top Estimates, Stock Falls 6.5%
UMB Financial's (UMBF) first-quarter 2024 earnings reflect higher loan and deposit balances, as well as lower provisions. However, lower NII and a rise in expenses are near-term concerns.
04/29 16:28 EST - prnewswire.com
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Heartland Financial, USA Inc.
NEW YORK , April 29, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Heartland Financial, USA Inc. (NASDAQ: HTLF) and its board of directors concerning the proposed acquisition of the company by UMB Financial Corporation (NASDAQ: UMBF). Stockholders will receive 0.55 shares of UMB Financial common stock for each share of Heartland Financial stock that they hold.
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Heartland Financial, USA Inc.
NEW YORK , April 29, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Heartland Financial, USA Inc. (NASDAQ: HTLF) and its board of directors concerning the proposed acquisition of the company by UMB Financial Corporation (NASDAQ: UMBF). Stockholders will receive 0.55 shares of UMB Financial common stock for each share of Heartland Financial stock that they hold.
04/29 10:30 EST - zacks.com
Here's What Key Metrics Tell Us About UMB (UMBF) Q1 Earnings
While the top- and bottom-line numbers for UMB (UMBF) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Here's What Key Metrics Tell Us About UMB (UMBF) Q1 Earnings
While the top- and bottom-line numbers for UMB (UMBF) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
04/29 09:09 EST - businesswire.com
UMBF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of UMB Financial Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of UMB Financial Corporation (NASDAQ: UMBF) and Heartland Financial, USA Inc. is fair to UMB shareholders. Halper Sadeh encourages UMB shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether UMB and its board violated t.
UMBF Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of UMB Financial Corporation Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of UMB Financial Corporation (NASDAQ: UMBF) and Heartland Financial, USA Inc. is fair to UMB shareholders. Halper Sadeh encourages UMB shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@halpersadeh.com or zhalper@halpersadeh.com. The investigation concerns whether UMB and its board violated t.
04/29 07:44 EST - marketwatch.com
Regional bank UMB Financial buying Heartland Financial in $2B all-stock deal
Heartland Financial USA Inc. HTLF, +0.68% said Monday it agreed to be acquired by UMB Financial Corp. UMBF, -0.59% in an all-stock deal valued at about $2 billion. Heartland Financial stockholders will receive 0.55 shares of UMB common stock for each share that they own.
Regional bank UMB Financial buying Heartland Financial in $2B all-stock deal
Heartland Financial USA Inc. HTLF, +0.68% said Monday it agreed to be acquired by UMB Financial Corp. UMBF, -0.59% in an all-stock deal valued at about $2 billion. Heartland Financial stockholders will receive 0.55 shares of UMB common stock for each share that they own.
04/29 07:32 EST - businesswire.com
UMB Financial Corporation Announces Pricing of an Underwritten Offering of 2,800,000 Shares of Common Stock
KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (NASDAQ:UMBF) (“UMB”) announced today that it priced an underwritten public offering of 2,800,000 shares of its common stock at a price of $75.00 per share (before underwriting discounts and commissions), for approximate net proceeds of $201.6 million (before offering expenses, assuming the underwriters do not exercise their option to purchase additional shares and upon, and assuming, full physical settlement of the forward sale agree.
UMB Financial Corporation Announces Pricing of an Underwritten Offering of 2,800,000 Shares of Common Stock
KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (NASDAQ:UMBF) (“UMB”) announced today that it priced an underwritten public offering of 2,800,000 shares of its common stock at a price of $75.00 per share (before underwriting discounts and commissions), for approximate net proceeds of $201.6 million (before offering expenses, assuming the underwriters do not exercise their option to purchase additional shares and upon, and assuming, full physical settlement of the forward sale agree.
04/29 07:31 EST - businesswire.com
UMB Announces Agreement to Acquire Heartland Financial
KANSAS CITY, Mo. & DENVER--(BUSINESS WIRE)--UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial, USA Inc. (Nasdaq: HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion. Founded in 1981, HTLF is headquartered in Denver and has $19.4 billion in assets, $16.2 billion in total deposits and $12.1 billio.
UMB Announces Agreement to Acquire Heartland Financial
KANSAS CITY, Mo. & DENVER--(BUSINESS WIRE)--UMB Financial Corporation (Nasdaq: UMBF) and Heartland Financial, USA Inc. (Nasdaq: HTLF) announced today that they have entered into a definitive merger agreement under which UMB Financial Corporation (UMB) will acquire Heartland Financial USA, Inc. (HTLF), in an all-stock transaction valued at approximately $2.0 billion. Founded in 1981, HTLF is headquartered in Denver and has $19.4 billion in assets, $16.2 billion in total deposits and $12.1 billio.
04/29 07:30 EST - businesswire.com
UMB Financial Corporation Reports First Quarter 2024 Net Income of $110.3 Million and Net Operating Income(i) of $120.7 Million.
KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the first quarter of 2024 of $110.3 million, or $2.25 per diluted share, compared to $70.9 million, or $1.45 per diluted share, in the fourth quarter of 2023 (linked quarter) and $92.4 million, or $1.90 per diluted share, in the first quarter of 2023. The results for the first quarter of 2024 and the fourth quarter of 2023 include pre-tax expense of $13.0 million a.
UMB Financial Corporation Reports First Quarter 2024 Net Income of $110.3 Million and Net Operating Income(i) of $120.7 Million.
KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the first quarter of 2024 of $110.3 million, or $2.25 per diluted share, compared to $70.9 million, or $1.45 per diluted share, in the fourth quarter of 2023 (linked quarter) and $92.4 million, or $1.90 per diluted share, in the first quarter of 2023. The results for the first quarter of 2024 and the fourth quarter of 2023 include pre-tax expense of $13.0 million a.