Transcript : UMB Financial Corporation, Q4 2011 Earnings Call, Jan 25, 2012 (2024)

FAQs

What are the results of UMB financial? ›

Net income for the fourth quarter was $70.9 million, or $1.45 per share. Adjusting for the FDIC assessment, net operating income was $112 million, or $2.29 per share, an increase of 13.9% compared to the third quarter of 2023.

UMB Financial Corporation (Nasdaq: UMBF) is a financial services company headquartered in Kansas City, Missouri.

Kansas City, MO

UMB Financial Corporation / Headquarters

More than a century of service

Since the 1913 founding of the original bank in Kansas City, Missouri, UMB has grown into a dynamic financial services company.

Opened on March 15, 1972, UMB is a leading Ghanaian indigenous bank with considerable financial expertise.

UMB is very liquid with a loan-to-deposit ratio of 65%. It's also important to remember that a stock price is not an indicator of the strength of a bank. UMB's strengths are strong liquidity, our diversified deposit base, excellent capital ratios and strong credit metrics.

A subsidiary of UMB Financial Corp. has agreed to buy a J.P. Morgan business that provides back-office and middle-office services for asset managers' retail-managed accounts.

UMB Bank provides commercial banking, private wealth management, consumer, payment solutions and healthcare services across our footprint. Together, the businesses make UMB a strong, diversified company.

City National acquired several other banks over the years as banking laws changed. In 1969, it reorganized as a holding company, Missouri Bancshares, which changed its name to United Missouri Bancshares (UMB) in 1971.

Moody's Investors Service placed UMB Financial Corp. under review for a potential downgrade of all its long-term credit ratings. Kansas City-based UMB Bank (Nasdaq: UMBF) joined five other banks Moody's said Monday would be placed under potential downgrade review.

Is UMB Bank secure? ›

Digital banking security

UMB uses two-factor authentication to provide an added layer of protection when you bank online or through our mobile application. Two-factor authentication allows you to access UMB online and mobile banking by validating your identity each time you log in.

Mariner Kemper (May 2004–)

UMB Financial Corporation / CEO

That said, UMB's asset quality remains strong, with nonperforming assets to loans of only 0.08% as of March 31, 2023 and 0.09% annualized net charge-offs in the first quarter of 2023. Despite elevated deposit outflows in the first quarter of 2023, we continue to view UMB's funding and liquidity measures as adequate.

UMB is born as City Center Bank

First organized just before the start of World War I by a handful of business men - grocer, a bottler, a car dealer and an attorney - the bank charter was granted to City Center Bank in April 1913 by the State of Missouri.

Moody's Investors Service placed UMB Financial Corp. under review for a potential downgrade of all its long-term credit ratings. Kansas City-based UMB Bank (Nasdaq: UMBF) joined five other banks Moody's said Monday would be placed under potential downgrade review.

The banks placed under review for downgrade are First Republic Bank, Zions Bancorporation, Western Alliance Bancorp, Comerica Inc, UMB Financial Corp and Intrust Financial Corporation, Moody's said.

For the year ended December 31, 2023 , the Company reported net income of $178.7 million , or $2.38 per diluted share, compared to $285.0 million , or $3.54 per diluted share, for the year ended December 31, 2022 .

Total assets on the balance sheet as of December 2023 : $44.01 B. According to UMB Financial's latest financial reports the company's total assets are $44.01 B. A company's total assets is the sum of all current and non-current assets, such as inventories, cash and cash equivalents, properties and equipment.