secwatch.observer — SEC 8-K summary
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Issuer:     UMB FINANCIAL CORP (UMBF)
CIK:        0000101382
Form:       8-K
Filed at:   2025-05-30T23:59:59+00:00
Accession:  0001193125-25-130904
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/101382/000119312525130904/0001193125-25-130904-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/101382/000119312525130904/d92024d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-130904

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