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UMB Financial (UMBF) seeks to raise up to $242.2 million next week from a common stock offering that priced Tuesday.
September 11 -
UMB Financial (UMBF) in Kansas City, Mo., is planning a stock sale that could bring in as much as $257 million.
September 9 -
UMB Financial in Kansas City, Mo., disclosed in a regulatory filing Thursday that a client is expected to move about $1.1 billion in deposits to an unnamed depository institution in the next 120 days.
September 5 -
Asset management fees helped push UMB Financial in Kansas City, Mo., to a higher quarterly profit.
July 24
UMB Financial Corp. (UMBF) in Kansas City, Mo., posted its 14th consecutive quarter of loan growth for the period ending Sept. 30.
The $14.9 billion-asset company earned $34.4 million in the third quarter, up 32% from the same quarter in 2012. Net interest income rose 6.4% to $5.2 million, buoyed by a 21% increase in loans and a 7% increase in securities. The company's net interest margin decreased 19 basis points, to 2.61%.
UMB's noninterest income climbed 14% to $15.3 million, primarily because of a 22% increase in trust and securities processing revenue. Noninterest expenses increased 5% to $7.2 million, driven largely by higher salary and benefits costs.
UMB's loan-loss provision climbed 44% to $6.5 million. However, net loan chargeoffs fell 45% to $3.2 million.
