UMB Financial Corporation Announces $300 Million Preferred Stock Offering

Reuters
05-30
UMB Financial Corporation Announces $300 Million Preferred Stock Offering

KANSAS CITY, Mo.--(BUSINESS WIRE)-- UMB Financial Corporation (Nasdaq: UMBF) has announced the pricing of an underwritten public offering of 12,000,000 depositary shares. Each depositary share represents a 1/400th ownership interest in a share of its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a par value of $0.01 per share. The Series B Preferred Stock comes with a liquidation preference of $10,000 per share, equivalent to $25 per depositary share. The offering is expected to close on June 12, 2025, subject to customary conditions. UMB has applied to list the depositary shares on The Nasdaq Global Select Market under the symbol "UMBFO." UMB estimates that the net proceeds from this offering, after accounting for underwriting discounts and estimated offering expenses, will be approximately $294,529,000. The company plans to use the net proceeds for general corporate purposes, which may include redemption of its existing Series A preferred stock and certain subordinated notes. For more details, the final prospectus supplement and accompanying prospectus will be available on the SEC's website at https://www.sec.gov.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UMB Financial Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20250529243671) on May 29, 2025, and is solely responsible for the information contained therein.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10