UMB Financial prices $300M preferred stock offering at 7.75%; net proceeds ~$294.5M

UMB FINANCIAL CORP

Priced 12M depositary shares representing Series B Preferred Stock, 7.750% fixed-rate, liquidation preference $25 per share.
Net proceeds estimated at $294.5M after underwriting discounts and expenses.
Proceeds may redeem all outstanding Series A Preferred (7.00%) and/or repurchase portion of 3.70% subordinated notes due 2030.
Offering expected to close June 12, 2025; RBC Capital Markets and J.P. Morgan act as joint book-running managers.
UMB has applied to list the depositary shares on Nasdaq under symbol 'UMBFO'.

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