IPO - UMB FINANCIAL CORP

Form Type: 424B4

Filing Date: 2025-05-30

Corporate Action: Ipo

Type: New

Accession Number: 000119312525132102

Filing Summary: UMB Financial Corporation is offering 12,000,000 depositary shares, each representing a 1/400th ownership interest in its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B, with a par value of $0.01 per share. The liquidation preference for the preferred stock is $10,000 per share, translating to $25 per depositary share. Dividends will accrue at a rate of 7.750% until July 15, 2030, after which they will be reset based on the five-year treasury rate plus 3.743%. Dividends are non-cumulative and will be paid in arrears on specified dates starting from October 15, 2025. The underwriters for this offering include RBC Capital Markets, J.P. Morgan, Piper Sandler, and Wells Fargo Securities. The total public offering price is $300,000,000 with underwriting discounts affecting proceeds to UMB Financial Corporation, which are projected at approximately $295,604,000 before expenses. The depositary shares and preferred stock are unsecured, and neither is insured by the FDIC or any other governmental agency. The preferred shares will not have voting rights except under certain conditions, and application has been made to list the depositary shares on the NASDAQ under the symbol 'UMBFO'.

Form Type: 8-K

Filing Date: 2025-05-30

Corporate Action: Ipo

Type: New

Accession Number: 000119312525130904

Filing Summary: On May 29, 2025, UMB Financial Corporation announced the pricing of an underwritten public offering of 12,000,000 depositary shares, each representing a 1/400th ownership interest in a share of its 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B. The offering has a liquidation preference of $10,000 per share of the Series B Preferred Stock, equating to $25 per Depositary Share. The closing is expected on June 12, 2025, with RBC Capital Markets, LLC and J.P. Morgan Securities LLC serving as underwriters. The offering and the Series B Preferred Stock are registered under the Securities Act with a registration statement on Form S-3. A press release detailing the pricing of the offering is also included in the filings. Relevant risk factors affecting the offering include economic uncertainties and market volatility.