UMB Financial Corporation operates as the bank holding company for the UMB Bank that provides various banking and other financial services. The Commercial Banking segment provides commercial loans and credit cards; commercial real estate financing; letters of credit; loan syndication, and consultative services; various business solutions including asset-based lending, accounts receivable financing, mezzanine debt, and minority equity investments; and treasury management services, such as depository services, account reconciliation, cash management tools, accounts payable and receivable solutions, electronic fund transfer and automated payments, controlled disbursements, lockbox services, and remote deposit capture services. The Institutional Banking segment offers fund administration and accounting, investor services and transfer agency, marketing and distribution, custody, alternative investment services, fixed income sales, trading and underwriting, and corporate trust and escrow services, as well as institutional custody services. This segment also provides healthcare payment solutions comprising custodial services for health savings accounts and private label, multipurpose debit cards to insurance carriers, third-party administrators, software companies, employers, and financial institutions. The Personal Banking segment offers deposit accounts, retail credit cards, private banking, installment loans, home equity lines of credit, residential mortgages, and small business loans, as well as internet banking, ATM network, private banking, brokerage and insurance services, and advisory and trust services. It operates through a network of branches and offices in the states of Missouri, Kansas, Colorado, Illinois, Oklahoma, Texas, Arizona, Nebraska, Iowa, Pennsylvania, South Dakota, Indiana, Utah, Minnesota, California, and Wisconsin. UMB Financial Corporation was founded in 1913 and is headquartered in Kansas City, Missouri.
IPO Year:
Exchange: NASDAQ
Website: umb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2024 | $156.00 | Overweight | Morgan Stanley |
| 10/10/2024 | $127.00 | Buy | Citigroup |
| 5/31/2024 | $98.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 4/30/2024 | $95.00 | Equal Weight → Overweight | Barclays |
| 3/8/2024 | $91.00 | Equal Weight | Barclays |
| 10/26/2023 | $82.00 → $80.00 | Outperform → Strong Buy | Raymond James |
| 10/26/2023 | $73.00 | Neutral → Buy | Janney |
| 9/13/2023 | $74.00 | Neutral → Overweight | Piper Sandler |
| 1/26/2023 | $94.00 | Buy → Neutral | Janney |
| 1/4/2022 | $115.00 → $110.00 | Overweight → Equal Weight | Wells Fargo |
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Morgan Stanley initiated coverage of UMB Financial Corporation with a rating of Overweight and set a new price target of $156.00
Citigroup initiated coverage of UMB Financial Corporation with a rating of Buy and set a new price target of $127.00
Keefe Bruyette upgraded UMB Financial Corporation from Mkt Perform to Outperform and set a new price target of $98.00
Barclays upgraded UMB Financial Corporation from Equal Weight to Overweight and set a new price target of $95.00
Barclays initiated coverage of UMB Financial Corporation with a rating of Equal Weight and set a new price target of $91.00
Raymond James upgraded UMB Financial Corporation from Outperform to Strong Buy and set a new price target of $80.00 from $82.00 previously
Janney upgraded UMB Financial Corporation from Neutral to Buy and set a new price target of $73.00
Piper Sandler upgraded UMB Financial Corporation from Neutral to Overweight and set a new price target of $74.00
Janney downgraded UMB Financial Corporation from Buy to Neutral and set a new price target of $94.00
Wells Fargo downgraded UMB Financial Corporation from Overweight to Equal Weight and set a new price target of $110.00 from $115.00 previously
Third Quarter 2024 Financial Highlights GAAP net income of $109.6 million, or $2.23 per diluted share. Net operating income(i) of $110.4 million, or $2.25 per diluted share. Average loans increased 9.8% on a linked-quarter, annualized basis, to $24.4 billion. Average loans increased $1.6 billion, or 7.2%, as compared to the third quarter of 2023. Average deposits increased 11.1% on a linked-quarter, annualized basis, to $35.3 billion. Credit quality remained strong, with net charge-offs of just 0.08% of average loans for the nine months ended September 30, 2024. UMB Financial Corporation (NASDAQ:UMBF), a financial services company, announced net income for the third quarter of
UMB Financial Corporation (NASDAQ:UMBF), a financial services company, will release earnings results for the third quarter 2024 after market hours on Tuesday, October 29, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, October 30, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 961896. You may register in advance and receive a calendar invitation with call access details here: pre-registration. The live webcast may also be accessed by visiting investorrelations.umb.com or by using th
Three industry veterans bring more than five decades of CLO experience to UMB UMB Bank, n.a., a subsidiary of UMB Financial Corporation (NASDAQ:UMBF), today announces the expansion of its CLO Trustee and Loan Administration team with the hire of Henry Brigham, Willis Hwang and David Knecht. They join a seasoned team led by Senior Vice Presidents Alex Cormas and Vincent Pham, bringing with them a wealth of expertise that will significantly enhance UMB's capabilities in the CLO market. They will report to Pham, who is head of CLO Administration. Brigham, team manager, leads senior relationship management for the CLO group. Most recently he was with Wilmington Trust as vice president, CLO,
Saturna Capital Corporation announced it has revamped its Employer Health Savings Account (HSA) offering, a tax-advantaged savings account designed to help accountholders save and pay for qualified medical expenses. Saturna's employer HSA was designed to help employees overcome one of the most common hurdles to maximizing the benefit: moving contributions to the investment account. After each payroll deferral, most plans require employees to initiate a request to transfer money from their HSA Spending Account into their HSA Investment Account – a manual step that employees rarely take. In fact, as recently as 2022, only 13 percent of accountholders actually invested their HSA assets.1 S
Second Quarter 2024 Financial Highlights GAAP net income of $101.3 million, or $2.07 per diluted share. Net operating income(i) of $105.9 million, or $2.16 per diluted share. Average loans increased 7.7% on a linked-quarter, annualized basis, to $23.8 billion. Average loans increased $1.6 billion, or 7.3%, as compared to the second quarter of 2023. Average deposits increased 9.7% on a linked-quarter, annualized basis, to $34.3 billion. Net interest margin was 2.51%, an increase of three basis points from the linked quarter. Credit quality remained strong, with net charge-offs of just 0.05% of average loans in both the second quarter and the six months ended June 30, 202
Saturna Capital Corporation announced it has revamped its Consumer Direct Health Savings Account (HSA) offering to closely follow guidance from the 2023 Health Savings Account Landscape Report by Morningstar, an independent research firm focused on empowering investors. The plan provides a simpler, more effective experience for accountholders, with an enhanced emphasis on: A curated list of highly rated mutual funds with no investment minimum Intuitive user platform that makes selecting investments, paying for qualified medical expenses, and reimbursement of expenses a breeze Modern account features and benefits including easy receipt record retention A Spending Account that o
UMB Financial Corporation (NASDAQ:UMBF), a financial services company, will release earnings results for the second quarter 2024 after market hours on Tuesday, July 30, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, July 31, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 944750. You may register in advance and receive a calendar invitation with call access details here: pre-registration. The live webcast may also be accessed by visiting investorrelations.umb.com or by using the f
Acquisition expands ACA Foreside's distribution leadership, now distributing and servicing over an estimated $2 trillion in assets. 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 number of funds, currently distributing and servicing $2 trillion in assets across hundreds of fu
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 agreement) in connection with the forward sale agreement described below. The underwriters have been granted the option to purchase up to an additional 420,000 shares of UMB's common stock. If such option is exercised, then UMB plans to e
Largest acquisition in UMB history will increase total assets by more than 40% and significantly expand geographic footprint UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429502428/en/ Founded in 1981, HTLF is headq
Phil Mason promoted to President, Institutional Banking; Brian Hutchin succeeds Mason as Director, Healthcare Services UMB Financial Corporation (NASDAQ:UMBF) has announced the appointment of Phil Mason to the role of president, Institutional Banking. Brian Hutchin has been promoted to fill Mason's prior role of director of UMB Healthcare Services. As president, Institutional Banking, Mason oversees UMB's activities across corporate trust and agency services, institutional custody, fund services, the capital markets division, investor banking services, and healthcare services. "Phil is the ideal leader to continue our strong momentum in the institutional space," said Jim Rine, preside
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Third Quarter 2024 Financial Highlights GAAP net income of $109.6 million, or $2.23 per diluted share. Net operating income(i) of $110.4 million, or $2.25 per diluted share. Average loans increased 9.8% on a linked-quarter, annualized basis, to $24.4 billion. Average loans increased $1.6 billion, or 7.2%, as compared to the third quarter of 2023. Average deposits increased 11.1% on a linked-quarter, annualized basis, to $35.3 billion. Credit quality remained strong, with net charge-offs of just 0.08% of average loans for the nine months ended September 30, 2024. UMB Financial Corporation (NASDAQ:UMBF), a financial services company, announced net income for the third quarter of
UMB Financial Corporation (NASDAQ:UMBF), a financial services company, will release earnings results for the third quarter 2024 after market hours on Tuesday, October 29, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, October 30, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 961896. You may register in advance and receive a calendar invitation with call access details here: pre-registration. The live webcast may also be accessed by visiting investorrelations.umb.com or by using th
Second Quarter 2024 Financial Highlights GAAP net income of $101.3 million, or $2.07 per diluted share. Net operating income(i) of $105.9 million, or $2.16 per diluted share. Average loans increased 7.7% on a linked-quarter, annualized basis, to $23.8 billion. Average loans increased $1.6 billion, or 7.3%, as compared to the second quarter of 2023. Average deposits increased 9.7% on a linked-quarter, annualized basis, to $34.3 billion. Net interest margin was 2.51%, an increase of three basis points from the linked quarter. Credit quality remained strong, with net charge-offs of just 0.05% of average loans in both the second quarter and the six months ended June 30, 202
UMB Financial Corporation (NASDAQ:UMBF), a financial services company, will release earnings results for the second quarter 2024 after market hours on Tuesday, July 30, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, July 31, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 944750. You may register in advance and receive a calendar invitation with call access details here: pre-registration. The live webcast may also be accessed by visiting investorrelations.umb.com or by using the f
Largest acquisition in UMB history will increase total assets by more than 40% and significantly expand geographic footprint UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) 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. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240429502428/en/ Founded in 1981, HTLF is headq
UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) First Quarter 2024 Financial Highlights GAAP net income of $110.3 million, or $2.25 per diluted share. Net operating income(i) of $120.7 million, or $2.47 per diluted share. Average loans increased 4.2% on a linked-quarter, annualized basis, to $23.4 billion. Average loans increased $2.1 billion, or 9.8%, as compared to the first quarter of 2023. Average deposits increased 10.4% on a linked-quarter, annualized basis, to $33.5 billion. Net interest income increased 3.9% from the linked quarter. Net interest margin was 2.48%, an increase of two basis points from the linked quarter.
Largest acquisition in UMB history will increase total assets by more than 40% and significantly expand geographic footprint UMB investment community call today, Monday, April 29, at 7:30 a.m. (CT) / 8:30 a.m. (ET) KANSAS CITY, Mo. and DENVER, April 29, 2024 (GLOBE NEWSWIRE) -- 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 bill
UMB Financial Corporation (NASDAQ:UMBF), a financial services company, will release earnings results for the first quarter 2024 after market hours on Tuesday, April 30, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, May 1, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 307364. The live call may also be accessed by visiting investorrelations.umb.com or by using the following the link: UMB Financial 1Q 2024 Conference Call A replay of the conference call may be heard through May
Fourth Quarter 2023 Financial Highlights GAAP net income of $70.9 million, or $1.45 per diluted share. Net operating income(i) of $112.0 million, or $2.29 per diluted share. Average loans increased 6.3% on a linked-quarter, annualized basis, to $23.1 billion. Average loans increased $2.8 billion, or 13.9%, as compared to the fourth quarter of 2022. Average deposits increased 17.2% on a linked-quarter, annualized basis, to $32.7 billion. Net interest income increased 3.7% from the linked quarter. Noninterest income increased 11.8% from the fourth quarter of 2022, equal to 37.8% of total revenue. Net interest margin was 2.46%, an increase of three basis points from the
UMB Financial Corporation (NASDAQ:UMBF), a financial services company, will release earnings results for the fourth quarter 2023 after market hours on Tuesday, January 30, 2024. The company plans to host an investor conference call to discuss these results on Wednesday, January 31, at 8:30 a.m. (CT) / 9:30 a.m. (ET). Interested parties may access the call by dialing (toll-free) 833-470-1428 or (international) 404-975-4839 and requesting to join the UMB Financial call with access code 269364. The live call may also be accessed by visiting investorrelations.umb.com or by using the following the link: UMB Financial 4Q 2023 Conference Call A replay of the conference call may be heard thro
In the last three months, 7 analysts have published ratings on UMB Financial (NASDAQ:UMBF), offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 4 0 0 Last 30D 0 1 0 0 0 1M Ago 0 1 0 0 0 2M Ago 0 1 3 0 0 3M Ago 0 0 1 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $93.86, a high estimate of $100.00, and a low estimate of $88.00. This current average has incre
Barclays analyst Jared Shaw maintains UMB Financial (NASDAQ:UMBF) with a Overweight and raises the price target from $95 to $100.
UMB Financial's (NYSE:UMBF) short percent of float has risen 204.11% since its last report. The company recently reported that it has 1.71 million shares sold short, which is 4.44% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.61 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interes
In the last three months, 7 analysts have published ratings on UMB Financial (NASDAQ:UMBF), offering a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 5 0 0 Last 30D 0 1 0 0 0 1M Ago 0 0 1 0 0 2M Ago 0 1 3 0 0 3M Ago 0 0 1 0 0 Insights from analysts' 12-month price targets are revealed, presenting an average target of $92.57, a high estimate of $98.00, and a low estimate of $88.00. Surpassing the previous average pr
Keefe, Bruyette & Woods analyst Christopher Mcgratty upgrades UMB Financial (NASDAQ:UMBF) from Market Perform to Outperform and raises the price target from $93 to $98.
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 number of funds, currently distributing and servicing $2 trillion in assets across hundreds of fund families. The lift out of UMB's distribution business expands ACA Foreside's internal distribution team, co-led by Teresa Cowan and C
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains UMB Financial (NASDAQ:UMBF) with a Market Perform and raises the price target from $86 to $93.
Wells Fargo analyst Timur Braziler maintains UMB Financial (NASDAQ:UMBF) with a Equal-Weight and raises the price target from $88 to $90.
6 analysts have shared their evaluations of UMB Financial (NASDAQ:UMBF) during the recent three months, expressing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 3 0 0 Last 30D 0 1 1 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 1 1 0 0 0 Analysts have recently evaluated UMB Financial and provided 12-month price targets. The average target is $94.67, accompanied by a high estimate of $102.00 and a low estimate of $88.00. Marking an inc
Barclays analyst Jared Shaw upgrades UMB Financial (NASDAQ:UMBF) from Equal-Weight to Overweight and raises the price target from $91 to $95.