UMB Financial Corp | Dep Shares RPRSTG 7.750% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B (UMBFO)
Prospectus excerpt: We are offering 12,000,000 depositary shares (the “depositary shares”) each representing a 1/400th ownership interest in a share of our 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, par value $0.01 per share (“Preferred Stock”), with a liquidation preference of $10,000 per share of Preferred Stock (equivalent to $25 per depositary share). As a holder of depositary shares, you will be entitled to all proportional rights and preferences of the Preferred Stock (including dividend, voting, redemption and liquidation rights). You must exercise these rights through the depositary.
Full Prospectus PDF », UMBF Page »
| Series: | B | | Redeemable?: | Yes | | Call Date: | 7/15/2030 | | Perpetual?: | Yes | | Cumulative?: | No | | Shares Offered: | 12,000,000 | | Overallotment: | 2,400,000 | | Liquidation Preference: | $25.00 | | Recent Market Price: | $26.22 | Premium to Liquidation Preference: (More Preferreds Trading at a Premium ») | $1.22 (4.88%) | | Annualized Dividend: | 1.9375 | | Recent Ex-Date: | 9/30/2026 | | Current Yield: | 7.39% | | Original Coupon: | 7.75% | | Pay Period: | Quarterly | | Pay Dates: | 15-Jan, 15-Apr, 15-Jul, 15-Oct | | "Compliance Score" Rating: |
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UMB Financial Corporation is a financial services company that provides a broad range of financial services through three main segments: Commercial Banking, Institutional Banking, and Personal Banking. The Commercial Banking segment serves small to middle-market businesses with deposit, lending, investment, and treasury management services. Institutional Banking offers banking, fund services, asset management, and healthcare services to institutional clients. Personal Banking delivers consumer banking and wealth management through personal relationships, branches, ATMs, and internet banking, ensuring comprehensive financial solutions. Preferreds: UMBFP, UMBFO Open the UMBF Information Page »
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UMBFO is UMBF issuer's Depositary Shares RPRSTG 7.750% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. UMBF issuer uses preferred stock as one layer of its overall capital structure, alongside common equity and other forms of financing. This preferred stock ranks ahead of UMBF common shares in the capital structure.
UMBF issuer uses preferred stock within its capital structure to leverage common equity and potentially enhance returns for common shareholders. Investors evaluating UMBFO typically compare the 7.75% coupon, non-cumulative dividend treatment, quarterly dividend schedule, $25.00 liquidation preference, and call risk around the 7/15/2030 call date against current yield, dividend history, trading price, and similar preferred stocks.
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