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Last $49.66 USD
Change Today +0.06 / 0.12%
Volume 173.0K
UMBF On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

umb financial corp (UMBF) Key Developments

UMB Financial Corporation Hires Jig Patel as its New Executive Vice President and Chief Information Officer

UMB Financial Corporation announced that it hired Jig Patel as its new executive vice president and chief information officer. Patel will be responsible for developing and implementing the company's enterprise technology strategy, hiring and developing technical talent and using technology to grow the business. Patel is a 15-year veteran of the technology industry. Prior to joining UMB, he spent a year as vice president of enterprise information technology at Epiq Systems Inc. of Kansas City, Kan., and nine years at IBM. He has a master's degree in business administration, and bachelor degrees in biology and chemistry from the University of Tennessee.

UMB Financial Corporation to Lay Off Executives

With expenses for interest and noninterest income rising during the second quarter, UMB Financial Corporation has been quietly laying off executives as it seeks ways to find better efficiency. The company's chairman Mariner Kemper declined to disclose how many executives have been laid off and said it is an ongoing process.

UMB Financial Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Reports Net Loan Charge-Offs for the Second Quarter Ended June 30, 2015; Declares Quarterly Cash Dividend, Payable on October 1, 2015

UMB Financial Corporation reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total interest income of $101,884,000 against $89,789,000 a year ago. Net interest income was $97,360,000 against $86,170,000 a year ago. Income before income taxes was $39,946,000 against $48,970,000 a year ago. Net income was $30,214,000 or $0.65 basic and diluted per share against $34,672,000 or $0.76 diluted per share a year ago. Return on average assets was 0.70% against 0.89% a year ago. Return on average equity was 6.95% against 8.77% a year ago. For the six months, the company reported total interest income of $195,837,000 against $178,836,000 a year ago. Net interest income was $187,718,000 against $171,615,000 a year ago. Income before income taxes was $88,098,000 against $80,948,000 a year ago. Net income was $63,979,000 or $1.39 diluted per share against $58,085,000 or $1.28 diluted per share a year ago. Return on average assets was 0.75% against 0.73% a year ago. Return on average equity was 7.55% against 7.48% a year ago. Book value per share as on June 30, 2015 was $37.68 against $35.21 as at June 30, 2014. For the second quarter ended June 30, 2015, the company reported net loan charge-offs of $4,758,000 compared to $3,713,000 a year ago. The board of directors of the company declared during the company’s quarterly board meeting a $0.235 quarterly cash dividend, payable on October 1, 2015, to shareholders of record at the close of business on September 10, 2015.

UMB Financial Corporation, Q2 2015 Earnings Call, Jul 29, 2015

UMB Financial Corporation, Q2 2015 Earnings Call, Jul 29, 2015

UMB Financial Corporation to Report Q2, 2015 Results on Jul 28, 2015

UMB Financial Corporation announced that they will report Q2, 2015 results After-Market on Jul 28, 2015

 

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UMBF Competitors

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Company Last Change
EverBank Financial Corp $19.70 USD +0.08
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IBERIABANK Corp $60.36 USD +0.44
MB Financial Inc $32.28 USD +0.14
Wintrust Financial Corp $50.48 USD -0.26
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Industry Analysis

UMBF

Industry Average

Valuation UMBF Industry Range
Price/Earnings 18.0x
Price/Sales 2.7x
Price/Book 1.3x
Price/Cash Flow 19.4x
TEV/Sales NM Not Meaningful
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