UMB Financial Corporation's UMBFO preferred shares offer a 7.75% fixed-to-reset yield from a decent regional bank, with adequate dividend coverage and investment-grade credit ratings. The preferred stock is fairly priced relative to sector peers, with a reset feature that could boost yield if not called in 2030. UMB Financial's stable performance, robust capital structure, and consistent dividend growth provide confidence in the preferred's safety.
UMB (UMBF) reported earnings 30 days ago. What's next for the stock?
Shares of UMB Financial have been roughly flat since my opening piece last October. The Heartland deal resulted in some messy numbers last quarter, but core interest margin trends and asset quality remain solid. UMB has a solid track record of conservative underwriting, historically realizing much lower loan losses than peers. Loans also account for a slightly lower share of its assets.
UMB Financial's strong loan quality and accretive acquisition of Heartland Financial have driven a 19% stock increase over the past year. Despite a 16% decline amid the market sell-off, UMBF's Q1 earnings beat expectations, though results were influenced by acquisition-related adjustments. UMBF's expanded deposit base and low-cost funding from Heartland provide significant opportunities for accretive loan growth and margin expansion.
Call Start: 09:30 January 1, 0000 10:31 AM ET UMB Financial Corporation (NASDAQ:UMBF ) Q1 2025 Earnings Conference Call April 30, 2025, 09:30 AM ET Company Participants Kay Gregory - Investor Relations Mariner Kemper - President & Chief Executive Officer Ram Shankar - Chief Financial Officer Jim Rine - Chief Executive Officer, UMB Bank Conference Call Participants Chris McGratty - KBW David Long - Raymond James Nathan Race - Piper Sandler Jared Shaw – Barclays Timur Braziler - Wells Fargo Brian Wilczynski - Morgan Stanley Jon Arfstrom - RBC Capital Markets Operator Hello everyone. Thank you for attending today's UMB Financial First Quarter 2025 Financial Results Conference Call.
UMBF first-quarter 2025 results benefit from a rise in NII and fee income. Yet, a rise in expenses was a spoilsport.
Although the revenue and EPS for UMB (UMBF) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
UMB Financial (UMBF) came out with quarterly earnings of $2.58 per share, beating the Zacks Consensus Estimate of $2.21 per share. This compares to earnings of $2.47 per share a year ago.
UMB (UMBF) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
UMB Financial Corporation (NASDAQ:UMBF ) Q4 2024 Earnings Conference Call January 29, 2025 9:30 AM ET Company Participants Kay Gregory - Investor Relations Mariner Kemper - President & Chief Executive Officer Ram Shankar - Chief Financial Officer Jim Rine - Chief Executive Officer, UMB Bank Conference Call Participants Jared Shaw - Barclays Brian Wilczynski - Morgan Stanley David Long - Raymond James Ben Gerlinger - Citi Nathan Race - Piper Sandler Chris McGratty - KBW Jon Arfstrom - RBC Timur Braziler - Wells Fargo Operator Good morning. Thank you for attending today's UMB Financial Fourth Quarter 2024 Financial Results Conference Call.
UMBF's fourth-quarter 2024 results benefit from an increase in net interest income and non-interest income. A decline in expenses is another positive.
Although the revenue and EPS for UMB (UMBF) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.