UMB Financial Corp Completes Asset Acquisition, Reports Financial Changes
Ticker: UMBFO · Form: 8-K · Filed: Feb 3, 2025 · CIK: 101382
| Field | Detail |
|---|---|
| Company | Umb Financial Corp (UMBFO) |
| Form Type | 8-K |
| Filed Date | Feb 3, 2025 |
| Risk Level | medium |
| Pages | 13 |
| Reading Time | 16 min |
| Key Dollar Amounts | $1.00, $3,093,000, $10,310,000, $7,732,000, $5,155,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, financial-obligation, corporate-governance
TL;DR
UMB Financial just bought assets, took on debt, and changed some execs. Watch this space.
AI Summary
UMB FINANCIAL CORP announced on January 31, 2025, that it has completed the acquisition of assets from a third party. The filing also details the creation of a direct financial obligation and modifications to security holder rights. Additionally, the company reported on the departure of directors or officers and changes in compensatory arrangements.
Why It Matters
This filing indicates significant corporate actions, including an acquisition and changes in financial obligations, which could impact the company's financial structure and future performance.
Risk Assessment
Risk Level: medium — The filing involves an acquisition, new financial obligations, and changes in corporate governance, all of which can introduce financial and operational risks.
Key Players & Entities
- UMB FINANCIAL CORP (company) — Filer
- 1010 GRAND AVE (location) — Business Address
- KANSAS CITY (location) — Business Address City
- MO (location) — Business Address State
- 64106 (location) — Business Address Zip
- 8168607000 (phone_number) — Business Phone
- UNITED MISSOURI BANCSHARES INC (company) — Former Company Name
- MISSOURI BANCSHARES INC (company) — Former Company Name
FAQ
What specific assets were acquired by UMB FINANCIAL CORP?
The filing does not specify the exact assets acquired, only that the 'Completion of Acquisition or Disposition of Assets' is an item of disclosure.
What is the nature of the direct financial obligation created?
The filing lists 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant' as an item of disclosure, but does not provide details on the obligation itself.
When did the reported changes in security holder rights occur?
The filing indicates 'Material Modifications to Rights of Security Holders' as an item of disclosure, but the specific date of modification is not provided in this excerpt.
Who were the departing directors or officers, or newly appointed ones?
The filing mentions 'Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers' as an item of disclosure, but does not name the individuals involved.
What is the effective date of the report?
The filing was made on February 3, 2025, and the date as of which the changes are reported is January 31, 2025.
Filing Stats: 3,958 words · 16 min read · ~13 pages · Grade level 14.3 · Accepted 2025-02-03 07:54:12
Key Financial Figures
- $1.00 — nge on which registered Common Stock, $1.00 Par Value UMBF The Nasdaq Global Se
- $3,093,000 — preferred securities consisting of (i) $3,093,000 of its floating rate junior subordinate
- $10,310,000 — debentures due September 30, 2032, (ii) $10,310,000 of its floating rate junior subordinate
- $7,732,000 — debentures due December 26, 2032, (iii) $7,732,000 of its floating rate junior subordinate
- $5,155,000 — debentures due September 17, 2033, (v) $5,155,000 of its floating rate junior subordinate
- $25,774,000 — debentures due December 17, 2033, (vii) $25,774,000 of its floating rate junior subordinate
- $6,186,000 — securities due December 15, 2034, (ix) $6,186,000 of its junior subordinated debt securit
- $7,217,000 — t securities due December 15, 2034, (x) $7,217,000 of its floating rate junior subordinate
- $11,856,000 — t securities due January 23, 2034, (xi) $11,856,000 of its unsecured junior subordinated de
- $20,619,000 — est notes due September 30, 2035, (xii) $20,619,000 of its junior subordinated debt securit
- $15,464,000 — bt securities due April 7, 2036, (xiii) $15,464,000 of its junior subordinated debt securit
- $150,000,000 — he "Indenture"), with respect to HTLF's $150,000,000 aggregate principal amount of 2.75% fix
- $231.8 m — ment, before expenses, of approximately $231.8 million, based upon the initial forward s
- $72.00 — upon the initial forward sale price of $72.00 per share. The forward sale price is su
Filing Documents
- d827883d8k.htm (8-K) — 56KB
- d827883dex31.htm (EX-3.1) — 11KB
- d827883dex32.htm (EX-3.2) — 55KB
- d827883dex991.htm (EX-99.1) — 14KB
- g827883g0202105804051.jpg (GRAPHIC) — 2KB
- 0001193125-25-018885.txt ( ) — 328KB
- umbf-20250131.xsd (EX-101.SCH) — 4KB
- umbf-20250131_def.xml (EX-101.DEF) — 13KB
- umbf-20250131_lab.xml (EX-101.LAB) — 22KB
- umbf-20250131_pre.xml (EX-101.PRE) — 14KB
- d827883d8k_htm.xml (XML) — 6KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UMB FINANCIAL CORPORATION By: /s/ Ram Shankar Name: Ram Shankar Title: Chief Financial Officer Date: February 3, 2025