UMB Financial Corporation Stock News

UMB Financial shares gained over 35% in 2024, driven by strong credit quality, deposit growth, and a pending acquisition of Heartland Financial. UMB's smaller size offers a lighter regulatory burden, aiding its community-centric approach and strong loan book, with substantial excess liquidity and robust credit quality. Fixed reinvestment and the Heartland acquisition are expected to boost earni...

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UMB Financial Corporation (NASDAQ:UMBF ) Q3 2024 Earnings Conference Call October 30, 2024 9:30 AM ET Company Participants Kay Gregory - IR Mariner Kemper - President & CEO Ram Shankar - CFO Jim Rine - CEO, UMB Bank Tom Terry - Chief Credit Officer Conference Call Participants Ben Gerlinger - Citi Jared Shaw - Barclays Timur Braziler - Wells Fargo Nathan Race - Piper Sandler David Long - Raymon...

KANSAS CITY, Mo.--(BUSINESS WIRE)--UMB Financial Corporation (Nasdaq: UMBF), a financial services company, announced net income for the third quarter of 2024 of $109.6 million, or $2.23 per diluted share, compared to $101.3 million, or $2.07 per diluted share, in the second quarter (linked quarter) and $96.6 million, or $1.98 per diluted share, in the third quarter of 2023. Net operating income...

KANSAS CITY, Mo.--(BUSINESS WIRE)--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 d...

Shares of Missouri-based UMB Financial have recovered most of their lost ground over the past 12 months. This bank has typically excelled on asset quality, meaningfully outperforming the industry in terms of net charge-offs. The deal to acquire Heartland Financial looks solid from UMB's perspective, pointing to strong EPS growth ahead.

As financial stocks bounced back Tuesday from steep losses, KBW Research has recommended 11 financial stocks for investors to consider buying based on two categories: oversold or idiosyncratic with catalysts.

UMB Financial stock rallied 3% after strong Q2 results, up 47% for the year, as it has weathered the downturn in CRE loan quality exceptionally well. Deposit growth has been strong and despite higher deposit costs, its focus on institutional clients should generate further growth. Loan quality has been stellar, with low delinquencies and its conservative lending model blunting CRE risk, making ...