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AI brief of an SEC Form 8-K · UMB Financial (UMBF)

UMB Financial Q1 net income rises to $110.3 million, or $2.25 per share

Positive Impact 3 of 5 earnings Written later

UMB Financial reported first-quarter 2024 GAAP net income of $110.3 million, or $2.25 per diluted share, up from $92.4 million, or $1.90 per diluted share, a year earlier. The results include $13.0 million of pre-tax expense for the FDIC special assessment. The board also declared a $0.39 per share quarterly dividend and authorized repurchases of up to 1,000,000 shares, which sets cash returned to shareholders and the potential share count for the coming period.

Key points

  • GAAP net income was $110.3 million, or $2.25 per diluted share, versus $92.4 million, or $1.90, in Q1 2023 and $70.9 million, or $1.45, in Q4 2023.
  • Net operating income, a non-GAAP measure, was $120.7 million, or $2.47 per diluted share.
  • Quarterly dividend of $0.39 per share, payable July 1, 2024, to shareholders of record on June 10, 2024.
  • Board authorized repurchase of up to 1,000,000 shares, with purchases possible until the board meeting after the 2025 annual meeting.

The filing

CompanyUMB Financial (UMBF)
Form8-K, current report
Filed with the SECApr 29, 2024, 7:51 AM ET
Accession number0001193125-24-119997

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 29, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.