UMBF News and Press, UMB Financial Corporation From 08/22/23

2023-08-22 06:35:13 ET Summary Arm Holdings plans to go public and trade on Nasdaq. Tingo Group postpones Q2 results after Hindenburg short report, stock drops 27%. S&P downgrades 5 regional US banks due to higher interest rates and asset quality risks. Listen be...

2023-08-22 04:54:25 ET S&P Global Ratings has downgraded five regional U.S. banks, citing tough operating conditions, although most of their outlooks are now stable on account of improved stability as deposit declines have been more modest than feared. "Amid higher for longer i...

Second registered funds platform will launch with Redwood Investment Management as first client UMB Fund Services, Inc. (UMBFS), a subsidiary of UMB Financial Corporation (NASDAQ: UMBF), announced today the launch of its second turnkey Registered Fund Solutions (RFS) platform service fo...

2023-07-29 07:30:00 ET Summary The S&P 500 is 16% to 27% overvalued depending on whether or not we get a recession. The top 8 stocks are driving 75% of the market's gains. Even in an irrational bubble, incredible bargains are available because it is always and forever a market...

2023-07-28 11:54:19 ET Summary UMB Financial Corporation reported EPS in line with expectations and has a solid dividend yield. UMBF has a strong track record of dividend growth and is not overleveraged. The company operates in the regional banking industry and has three segme...

2023-07-26 15:11:08 ET UMB Financial Corporation (UMBF) Q2 2023 Earnings Conference Call July 26, 2023 10:30 AM ET Company Participants Kay Gregory - Senior Vice President and Director, Investor Relations Mariner Kemper - President & Chief Executive Officer R...

2023-07-25 16:52:40 ET UMB Financial press release ( NASDAQ: UMBF ): Q2 GAAP EPS of $1.85 misses by $0.11 . Revenue of $363.69M (-9.3% Y/Y) misses by $10.79M . For further details see: UMB Financial GAAP EPS of $1.85 misses by $0.11, revenue of $363.69M m...

Second Quarter 2023 Financial Highlights GAAP net income of $90.1 million, or $1.85 per diluted share. Net operating income of $93.8 million, or $1.93 per diluted share. Average loans increased 17.3% on a linked-quarter, annualized basis. Deposit balances at June 30, 2023 to...

2023-07-20 14:00:34 ET Summary In my last USB article, I lowered my buy price to under $26 per share in preparation for a potential recession. USB stock nearly hit that price and has risen post-earnings. The risk of deposit flight and defaults are likely priced into the stock ...

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 prom...