umb financial corp (UMBF) Key Developments
UMB Financial Corporation Announces Executive Changes
May 6 15
UMB Financial Corporation announced that it has promoted Shannon Johnson to become executive vice president and chief human resources officer. The role makes Johnson responsible for managing talent and helping to shape the culture of the company. Johnson replaces Larry Smith, who held the position for the past ten years and retired in April. Johnson has been with the company since 2002, most recently serving as senior vice president and executive director of talent management and development. Johnson also serves as vice president of the board for CASA of Johnson and Wyandotte Counties.
UMB Financial Corporation Declares Quarterly Cash Dividend, Payable on July 1, 2015
Apr 28 15
The Board of Directors of UMB Financial Corporation declared during a meeting on April 28, 2015, a $0.235 per share quarterly cash dividend, payable on July 1, 2015, to the company’s shareholders of record at the close of business on June 10, 2015.
UMB Financial Corporation, Board Meeting, Apr 28, 2015
Apr 28 15
UMB Financial Corporation, Board Meeting, Apr 28, 2015. Agenda: To declare quarterly cash dividend.
UMB Financial Corporation Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Announces Net Loan Charge-Offs for the First Quarter Ended March 31, 2015
Apr 28 15
UMB Financial Corporation reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total interest income was $93,953,000 against $89,047,000 a year ago. Net interest income was $90,358,000 against $85,445,000 a year ago. Income before income taxes was $48,152,000 against $31,668,000 a year ago. Net income was $33,765,000 or $0.74 per diluted share against $23,413,000 or $0.52 per diluted share a year ago. Return on average assets was 0.81% against 0.58% a year ago. Return on average equity was 8.18% against 6.13% a year ago. Book value per share was $36.76 against $33.94 a year ago.
For the quarter, the company reported net loan charge-offs of $1,661,000 against $3,737,000 a year ago.
UMB Financial Corporation Announces Executive Changes, Effective June 1, 2015
Apr 21 15
In a strategic move that will support the continued growth of its Healthcare Services division of UMB Bank, n.a., UMB Financial Corporation announced several key leadership changes that will be effective June 1, 2015. Dennis Triplett will be named chairman, Begonya Klumb will be promoted to chief executive officer and Ben Morris will become president. Triplett will assume the role of chairman following his current tenure as CEO. Triplett has led the UMB Healthcare Services division for the past 11 years. In his new role, Triplett will continue to provide strategic direction and insights to the leadership team, as well as focus on government relations, business development and acquisition opportunities for Healthcare Services. Klumb will be promoted to CEO from her current position as executive vice president, chief strategy officer, UMB Financial. Klumb has been with UMB for 12 years where she has held various roles, and most recently had responsibility for leading all mergers and acquisition activity. Morris will be promoted to president from his current position as senior vice president, sales manager for wholesale partnerships. Morris has been with UMB for 16 years and has spent the last 12 years as a leader in the Healthcare Services organization.