UMB Financial Corporation (UMBF) Bundle
A Brief History of UMB Financial Corporation (UMBF)
Company Overview
UMB Financial Corporation (UMBF) is headquartered in Kansas City, Missouri. As of 2024, the company operates with total assets of $41.2 billion.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.28 billion |
| Net Income | $322 million |
| Market Capitalization | $4.6 billion |
| Return on Equity | 12.7% |
Business Segments
- Commercial Banking
- Institutional Banking
- Healthcare Services
- Asset Management
Key Financial Metrics
As of Q4 2023, UMB reported the following key financial indicators:
- Tier 1 Capital Ratio: 13.2%
- Loan Portfolio: $24.7 billion
- Deposits: $33.5 billion
- Non-Performing Loans Ratio: 0.65%
Stock Performance
UMBF stock traded at $66.45 as of December 31, 2023, with a year-to-date performance of 8.3%.
Corporate Structure
Leadership: CEO is Mariner Kemper, who has been with the company since 1998.
Geographic Presence
UMB operates in multiple states, with primary concentrations in:
- Missouri
- Kansas
- Colorado
- Illinois
- Ohio
A Who Owns UMB Financial Corporation (UMBF)
Institutional Ownership
As of Q4 2023, institutional investors own 87.4% of UMB Financial Corporation shares.
| Top Institutional Shareholders | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 4,562,404 | 9.83% |
| BlackRock Inc. | 4,221,787 | 9.09% |
| Dimensional Fund Advisors LP | 3,467,839 | 7.47% |
Insider Ownership
Insider ownership stands at 1.2% of total shares.
- CEO: J. Mariner Kemper owns 0.4% of shares
- CFO: Ram Shankar owns 0.2% of shares
Major Shareholders
UMB Financial Corporation has 46,442,000 total shares outstanding as of December 31, 2023.
| Shareholder Category | Percentage of Ownership |
|---|---|
| Institutional Investors | 87.4% |
| Insider Owners | 1.2% |
| Retail Investors | 11.4% |
UMB Financial Corporation (UMBF) Mission Statement
Corporate Overview
UMB Financial Corporation (UMBF) as of 2024 operates with a mission focused on delivering comprehensive financial services.
Financial Performance Metrics
| Total Assets | $42.8 billion |
| Total Deposits | $34.6 billion |
| Net Income (2023) | $356.7 million |
| Market Capitalization | $4.2 billion |
Strategic Focus Areas
- Commercial Banking Services
- Institutional Investment Management
- Payment Solutions
- Healthcare Banking
Key Operational Segments
| Banking Segment Revenue | $1.2 billion |
| Asset Management Revenue | $278.5 million |
| Payment Solutions Revenue | $412.3 million |
Geographic Presence
Operational Locations: 25 states across the United States
Corporate Governance
- Publicly Traded on NASDAQ
- Ticker Symbol: UMBF
- Independent Board of Directors
How UMB Financial Corporation (UMBF) Works
Company Overview
UMB Financial Corporation is headquartered in Kansas City, Missouri. As of Q4 2023, the company reported total assets of $44.4 billion. The company operates through four primary business segments: Commercial Banking, Institutional Banking, Personal Banking, and Healthcare Services.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $1.2 billion |
| Net Income | $331 million |
| Return on Equity | 12.1% |
| Tier 1 Capital Ratio | 13.5% |
Business Segments
- Commercial Banking: Provides lending, treasury management, and payment solutions for mid-sized businesses
- Institutional Banking: Offers investment services for corporations, municipalities, and financial institutions
- Personal Banking: Delivers consumer banking products, including checking, savings, and mortgage services
- Healthcare Services: Provides payment and banking solutions specifically for healthcare organizations
Geographic Presence
UMB operates in 11 states, with primary markets in Missouri, Kansas, Colorado, Illinois, and Arizona. The bank maintains 222 branches and 374 ATMs as of December 2023.
Digital Banking Metrics
| Digital Banking Indicator | 2023 Statistics |
|---|---|
| Mobile Banking Users | 387,000 |
| Online Banking Transactions | 42.6 million annually |
| Digital Account Openings | 68% of new accounts |
Corporate Structure
UMB Financial Corporation is publicly traded on NASDAQ under the ticker UMBF. As of January 2024, the company has 1,987 full-time employees and a market capitalization of approximately $3.2 billion.
Key Financial Products
- Business checking and savings accounts
- Commercial lending solutions
- Treasury management services
- Investment management platforms
- Corporate payment systems
How UMB Financial Corporation (UMBF) Makes Money
Banking Segment Revenue Breakdown
UMB Financial Corporation generates revenue through multiple banking segments with specific financial contributions:
| Segment | Annual Revenue (2023) | Percentage of Total Revenue |
|---|---|---|
| Commercial Banking | $487.3 million | 42.6% |
| Institutional Banking | $312.5 million | 27.3% |
| Personal Banking | $246.7 million | 21.5% |
| Trust and Investment Services | $100.2 million | 8.6% |
Key Revenue Streams
- Net Interest Income: $621.4 million in 2023
- Non-Interest Income: $324.6 million in 2023
- Fee-based Services: $215.8 million in 2023
Lending Portfolio Breakdown
| Loan Category | Total Outstanding Loans | Average Interest Rate |
|---|---|---|
| Commercial Loans | $8.3 billion | 6.75% |
| Real Estate Loans | $5.6 billion | 5.92% |
| Consumer Loans | $2.1 billion | 5.45% |
Investment Services Revenue
UMB generates significant revenue from trust and investment management services:
- Assets Under Management: $68.4 billion
- Trust Services Revenue: $72.6 million
- Investment Advisory Fees: $45.3 million
Geographic Revenue Distribution
| Region | Revenue Contribution | Number of Branches |
|---|---|---|
| Midwest | $523.7 million | 186 |
| Southwest | $276.4 million | 92 |
| Other Regions | $112.5 million | 47 |
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