UMB Financial Corporation (NASDAQ:UMBF) Q1 2024 Earnings Conference Call May 1, 2024 9:30 AM ET
Company Participants
Kay Gregory - Investor Relations
Mariner Kemper - Chairman and CEO
Ram Shankar - Chief Financial Officer
Jim Rine - Chief Executive Officer, UMB Bank
Tom Terry - Chief Credit Officer
Conference Call Participants
Timur Braziler - Wells Fargo
Chris McGratty - KBW
Jared Shaw - Barclays
Terry McEvoy - Stephens, Inc.
David Long - Raymond James
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the UMB Financial Conference Call. All lines have been placed on mute during the presentation portion of the call with an opportunity for question-and-answer at the end. [Operator Instructions]
I would now like to hand this conference call over to our host, Kay Gregory, Investor Relations. Please go ahead.
Kay Gregory
Good morning and thank you for joining us on our call with such short notice. Earlier this morning, we announced our agreement to acquire Heartland Financial, USA or HTLF, a $19.4 billion asset bank headquartered in Denver. Both companies also released first quarter 2024 results and these materials can be found on our respective Investor Relations website.
You will note that we have posted two presentations to our website, our typical quarterly review and an overview of the announced transaction. We will provide some brief comments about UMB’s first quarter results and we’ll spend most of the call discussing the announcement.
On the call today is Mariner Kemper, Chairman and CEO of UMB Financial; and Ram Shankar, CFO. Following our comments, we’ll open the call for questions. Jim Rine, CEO of UMB Bank; and Tom Terry, Chief Credit Officer, will be available for the question-and-answer session.
Before we begin, let me remind you that today’s presentation contains forward-looking statements, including the discussion of future financial and operating results, benefits, synergies, gains and costs that the company expects to realize from this transaction, as well as other opportunities management foresees.
Forward-looking statements are subject to assumptions, risks and uncertainties. These risks are included in our SEC filings and are summarized on Slide 2 of our presentation. Actual results may differ from those set forth in forward-looking statements, which speak only as of today. We undertake no obligation to update them except to the extent required by securities laws.
Reconciliations of non-GAAP financial measures have been included in the press release and the accompanying presentation. Pro forma financial information presented is based on March 31, 2024 results for both companies. Presentation materials are available online at investorrelations.umb.com.