other_material
confidence high
sentiment neutral
materiality 0.50
UMB Financial issues 12M depositary shares of 7.750% Series B Perpetual Preferred Stock
UMB FINANCIAL CORP
- Issued 12M depositary shares, each representing a 1/400th interest in 7.750% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series B.
- Liquidation preference of $25 per depositary share ($10,000 per share of Series B Preferred Stock).
- Certificate of Designation filed with Missouri Secretary of State on June 11, effective June 12, 2025.
- Dividends and repurchases of junior/parity stock restricted if Series B dividends not declared for prior period.
item 3.03item 5.03item 9.01