M&A
confidence high
sentiment neutral
materiality 0.60
UMB Financial corrects asset-to-goodwill allocation in HTLF merger pro forma
UMB FINANCIAL CORP
- Goodwill adjusted by $743M in corrected purchase price allocation, reallocating previously misallocated assets.
- Pro forma 2024 net income $407M ($5.28 diluted EPS); UMB standalone was $441M.
- Total consideration $2.78B based on 23.6M UMB shares at $117.90 per share.
- Forward sale agreement settled Mar 2025 for $235.1M; $215M nonrecurring transaction costs.
- Other intangibles of $511M (core deposit, wealth, credit card relationships) amortized over 3-10 years.