Last $57.30 USD
Change Today -0.69 / -1.19%
Volume 502.1K
As of 8:10 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

1010 Grand Boulevard

Kansas City, MO 64106

United States

Phone: 816-860-7000

Fax:

UMB Financial Corporation operates as a bank holding company for UMB Bank, National Association, which offers various banking and other financial services in the United States. The company supplies banking services, institutional investment management, asset servicing, and payment solutions to its customers worldwide. The company has principal office in Missouri and also has branches in Arizona, Colorado, Illinois, Kansas, Nebraska, Oklahoma, and Texas. It offers a full complement of banking services to commercial, retail, government, and correspondent-bank customers, including a range of asset-management, trust, bank-card, and cash-management services. The company’s significant nonbank subsidiaries include the following: Scout Investments, Inc. (Scout) is an institutional asset-management company that is headquartered in Kansas City, Missouri. Scout offers domestic and international equity strategies through its Scout Asset Management Division and fixed-income strategies through its Reams Asset Management Division. UMB Fund Services, Inc. (UMBFS) is located in Milwaukee, Wisconsin, Kansas City, Missouri, and Chadds Ford, Pennsylvania and provides fund accounting, transfer agency, and other services to mutual fund groups. JD Clark & Co., Inc., a subsidiary of UMBFS, is located in Ogden, Utah, and provides similar services to alternative-investment groups. Business Segments The company’s products and services are grouped into four segments: Bank, Institutional Investment Management, Asset Servicing, and Payment Solutions. The Bank provides a range of banking services to commercial, retail, government and correspondent bank customers through the company’s branches, call center, Internet banking, and ATM network. Services include traditional commercial and consumer banking, treasury management, leasing, foreign exchange, merchant bankcard, wealth management, brokerage, insurance, capital markets, investment banking, corporate trust, and correspondent banking. Payment Solutions provides consumer and commercial credit and debit card, prepaid debit card solutions, healthcare services, and institutional cash management. Healthcare services include health savings account and flexible savings account products for healthcare providers, third-party administrators and large employers. Institutional Investment Management provides equity and fixed income investment strategies in the intermediary and institutional markets via mutual funds, traditional separate accounts and sub-advisory relationships. Asset Servicing provides services to the asset management industry, supporting a range of investment products, including mutual funds, alternative investments and managed accounts. Services include fund administration, fund accounting, investor services, transfer agency, distribution, marketing, custody, alternative investment services, managed account services, and collective and multiple-series trust services. Investment Securities As of December 31, 2013, the company’s investment portfolio included U.S. treasury; U.S. agencies; mortgage-backed; state and political subdivisions; and corporates. Deposits The company’s deposits include noninterest-bearing demand; interest-bearing demand and savings; and time deposits. Strategy The first strategy is to grow the company’s fee-based businesses. The second strategy is a focus on net interest income through loan and deposit growth. Regulation and Supervision The company is a bank holding company under the Bank Holding Company Act of 1956 and a financial holding company under the Gramm-Leach-Bliley Act of 1999. As a result, the company and its subsidiaries, including all of its businesses and operations in the United States and abroad—are subject to the regulation, supervision, and examination of the Board of Governors of the Federal Reserve System and to restrictions on permissible activities. This scheme of regulation, supervision, and examination is intended primarily for the protection and benefit of depositors and other customers of the Bank, the Deposit Insurance Fund of the Federal Deposit Insurance Corporation (FDIC), the banking and financial systems as a whole, and the broader economy, not for the protection or benefit of its shareholders or its non-deposit creditors. Majority of the company’s subsidiaries are also subject to separate or related schemes of regulation, supervision, and examination: the Bank by the Office of the Comptroller of the Currency under the National Banking Acts, the FDIC under the Federal Deposit Insurance Act, and the Consumer Financial Protection Bureau under the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act); Scout, Scout Distributors, LLC, UMBFS, UMB Distribution Services, LLC, UMB Financial Services, Inc., and Prairie Capital Management, LLC by the Securities and Exchange Commission and State regulatory authorities under federal and State securities laws, and UMB Distribution Services, LLC and UMB Financial Services, Inc. by the Financial Industry Regulatory Authority, as well; and UMB Insurance, Inc. by State regulatory authorities under applicable State insurance laws. As a public company, the company is subject to the Securities Act of 1933, the Securities Exchange Act of 1934, the Sarbanes-Oxley Act of 2002, and other federal and State securities laws. History UMB Financial Corporation was founded as a corporation under Missouri law in 1967.

 

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Valuation UMBF Industry Range
Price/Earnings 20.0x
Price/Sales 3.1x
Price/Book 1.6x
Price/Cash Flow 20.5x
TEV/Sales NM Not Meaningful
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