Kansas City-based UMB Financial Corporation (NASDAQ:UMBF) has addressed investor concerns regarding special mention loans, as detailed in a recent analyst report.

The report highlighted discussions with management about loans reported in the company’s Q1 2024 Form 10-Q.

The company clarified that while they anticipate minimal losses and an imminent resolution of the special mention relationship, it has not yet been fully resolved.

UMB Financial continues to believe that the overall credit quality of its portfolio is strong and within its expectations.

The clarification aims to reassure stakeholders regarding the stability and forecast of UMB Financial Corporation's loan portfolio quality.