UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 | Regulation FD Disclosure |
An analyst report published on June 7, 2024 referred to discussions with the Company’s management regarding, among other things, loans rated special mention disclosed in our Form 10-Q for the quarter ended March 31, 2024, and specifically noted comments from management that the relationship considered to be the primary driver for the sequential increase in special mention loans for the first quarter of 2024 had been resolved following the end of the quarter. The Company would like to clarify that, while management believes that such special mention relationship will be resolved with minimal losses in the near term, it has not yet been fully resolved. Management continues to believe that the overall credit quality of the portfolio is strong and within its expectations.
The information provided under Item 7.01 of this Current Report on Form 8-K is being furnished and is not deemed to be “filed” with the Securities and Exchange Commission for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section and is not incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Current Report on Form 8-K in such a filing.
Item 9.01 | Financial Statements and Exhibits |
104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
UMB FINANCIAL CORPORATION | ||
By: | /s/ Ram Shankar | |
Ram Shankar | ||
Chief Financial Officer |
Date: June 10, 2024
Document and Entity Information |
Jun. 07, 2024 |
---|---|
Cover [Abstract] | |
Entity Registrant Name | UMB FINANCIAL CORP |
Amendment Flag | false |
Entity Central Index Key | 0000101382 |
Document Type | 8-K |
Document Period End Date | Jun. 07, 2024 |
Entity File Number | 001-38481 |
Entity Incorporation State Country Code | MO |
Entity Tax Identification Number | 43-0903811 |
Entity Address, Address Line One | 1010 Grand Blvd. |
Entity Address, City or Town | Kansas City |
Entity Address, State or Province | MO |
Entity Address, Postal Zip Code | 64106 |
City Area Code | (816) |
Local Phone Number | 860-7000 |
Written Communications | false |
Soliciting Material | false |
Pre Commencement Tender Offer | false |
Pre Commencement Issuer Tender Offer | false |
Security 12b Title | Common Stock, $1.00 Par Value |
Trading Symbol | UMBF |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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