Umb Financial Corp 8-K, filed Jun 10, 2024
Umb Financial Corp (UMBF)
About this 8-K
Umb Financial Corp filed this 8-K on June 10, 2024, reporting on events of June 7, 2024.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form
CURRENT REPORT
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| Item 7.01 | Regulation FD Disclosure |
An analyst report published on June 7, 2024 referred to discussions with the Company’s management regarding, among other things, loans rated special mention disclosed in our Form 10-Q for the quarter ended March 31, 2024, and specifically noted comments from management that the relationship considered to be the primary driver for the sequential increase in special mention loans for the first quarter of 2024 had been resolved following the end of the quarter. The Company would like to clarify that, while management believes that such special mention relationship will be resolved with minimal losses in the near term, it has not yet been fully resolved. Management continues to believe that the overall credit quality of the portfolio is strong and within its expectations.
The information provided under Item 7.01 of this Current Report on Form 8-K is being furnished and is not deemed to be “filed” with the Securities and Exchange Commission for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section and is not incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference to this Current Report on Form 8-K in such a filing.
| Item 9.01 | Financial Statements and Exhibits |
| 104 | The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| UMB FINANCIAL CORPORATION | ||
| By: | /s/ Ram Shankar | |
| Ram Shankar | ||
| Chief Financial Officer | ||
Date: June 10, 2024