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UMB Financial Corporation    News Release 
1010 Grand Boulevard     
Kansas City, MO 64106     
816.860.7000     
umb.com     

//FOR IMMEDIATE RELEASE//

Media Contact: Kelli Christman: 816.860.5088

Investor Relations Contact: Kay McMillan, 816.860.7106

UMB Financial Corporation Reports Record Full-Year 2012 Earnings of $122.7 Million

Selected fourth quarter financial highlights:

·      Average net loans increased 11.6 percent to $5.4 billion
 
·      Eleventh consecutive quarter of loan growth
 
·      Average deposits increased 12.0 percent to $11.1 billion
 
·      Total credit and debit card purchase volume increased 8.4 percent to $1.4 billion
 
·      Total company assets under management increased by 18.4 percent to $33.1 billion
 
·      Tier 1 capital ratio remains strong at 11.05 percent
 

KANSAS CITY, Mo. (Jan. 22, 2013) – UMB Financial Corporation (Nasdaq: UMBF), a diversified financial holding company, announced earnings for the three months ended December 31, 2012 of $21.1 million or $0.53 per share ($0.52 diluted). This is a decrease of $2.2 million, or 9.5 percent, compared to fourth quarter 2011 earnings of $23.3 million or $0.58 per share ($0.58 diluted). Earnings for the year ended December 31, 2012 were $122.7 million or $3.07 per share ($3.04 diluted). This is an increase of $16.2 million, or 15.3 percent, compared to the prior year-to-date earnings of $106.5 million or $2.66 per share ($2.64 diluted).

“Earnings grew 15.3 percent to $122.7 million in 2012, making it our third record year in the last five for UMB as we close out our first century in business,” said Mariner Kemper, Chairman and Chief Executive Officer. “2013 marks our 100th anniversary and we believe our diverse business model will continue to serve us well for the next century. I am pleased to report the eleventh consecutive quarter of loan growth, with average loan balances reaching $5.4 billion, or an increase of 11.6 percent over the same period a year ago. Compared to the industry, the nearly 1,000 regulated depositories that had announced fourth quarter results as of January 21 reported a median increase in loan balances of just 1.5 percent. Noninterest income increased $11.5 million or 11.8 percent during the fourth quarter. Negatively impacting our expenses for the quarter was a non-cash accounting entry of $4.2 million, compared to an entry of $1.8 million in the fourth quarter of 2011, related to the contingent consideration liabilities on acquisitions.”

Net Interest Income and Margin


Net interest income for the fourth quarter of 2012 increased $0.7 million, or 0.9 percent, compared to the same period in 2011. Average earning assets increased by $1.3 billion, or 11.4 percent, compared to the fourth quarter of 2011. This increase was due to a $915.7 million, or 15.3 percent, increase in average total securities, including trading securities and a $565.1 million, or 11.6 percent, increase in average loans offset by a $156.5 million decrease in average interest bearing due from banks. Net interest margin decreased 27 basis points to 2.64 percent for the three months ended December 31, 2012 compared to the same quarter in 2011.

Noninterest Income and Expense

Noninterest income increased $11.5 million, or 11.8 percent, for the three months ended December 31, 2012 compared to the same period in 2011. This increase is primarily attributed to an increase in trust and securities processing income of $7.2 million, or 14.2 percent, for the three months ended December 31, 2012 compared to the same period in 2011. The increase in trust and securities processing income was primarily due to a $4.3 million, or 28.5 percent, in advisory fee income from the Scout Funds and a $1.3 million, or 7.9 percent, increase in fund administration and custody services and a $1.4 million, or 8.5 percent, increase in fees related to institutional and personal investment management services.

Noninterest expense increased $15.7 million, or 11.1 percent, for the three months ended December 31, 2012 compared to the same period in 2011. This increase is driven by higher salary and benefits expense in 2012 of $9.1 million, or 12.3 percent. The higher salaries and benefits expense is due to increases in salaries and wages of $4.4 million, or 9.4 percent and a $2.8 million, or 25.8 percent, increase in employee benefits expense. Other expense increased $2.3 million, or 24.6 percent, due to fair value adjustments to the contingent consideration liabilities on acquisitions. In the fourth quarter of 2012, these adjustments totaled $4.2 million compared to $1.8 million for the same period in 2011.

“We continue to see momentum in our diversified fee businesses and are pleased with the 58 percent contribution to revenue they provided in the fourth quarter,” said Peter deSilva, President and Chief Operating Officer. “Institutional Investment Management, which is our Scout Investments business, grew assets under management to $23.5 billion at year-end, an increase of 19.6 percent from a year ago. In our Payment Solutions segment, spending in all of our card products increased by 8.4 percent versus the fourth quarter of 2011. Spending on commercial credit cards grew 16 percent, and this business continues to be a solid contributor to our fee income. Our wealth management platform for individuals ended the quarter with assets under management of $9.6 billion, which when combined with Scout, brought total company assets under management to $33.1 billion at the end of the quarter, an increase of 18.4 percent compared to year-end 2011.”

Balance Sheet

Average total assets for the three months ended December 31, 2012 were $13.9 billion compared to $12.5 billion for the same period in 2011, an increase of $1.3 billion, or 10.6 percent. Average earning assets increased by $1.3 billion for the period, or 11.4 percent.

Average loan balances for the three months ended December 31, 2012 increased $565.1 million, or 11.6 percent, to $5.4 billion compared to the same period in 2011. Actual loan balances on December 31, 2012 were $5.7 billion, an increase of $726.4 million, or 14.6 percent, compared to December 31, 2011. This increase was primarily driven by an increase in commercial loans of $638.9 million, or 28.6 percent.

Nonperforming loans increased to $28.1 million on December 31, 2012 from $25.6 million on December 31, 2011. As a percentage of loans, nonperforming loans decreased to 0.49 percent as


of December 31, 2012 compared to 0.52 percent on December 31, 2011. Nonperforming loans are defined as nonaccrual loans and restructured loans. The company’s allowance for loan losses totaled $71.4 million, or 1.26 percent of loans, as of December 31, 2012 compared to $72.0 million, or 1.45 percent of loans, as of December 31, 2011.

For the three months ended December 31, 2012, average securities, including trading securities, totaled $6.9 billion. This is an increase of $915.7 million, or 15.3 percent, from the same period in 2011.

Average total deposits increased $1.2 billion, or 12.0 percent, to $11.1 billion for the three months ended December 31, 2012 compared to the same period in 2011. Average noninterest-bearing demand deposits increased $848.3 million, or 22.0 percent, compared to 2011. Average interest-bearing deposits increased by $342.8 million, or 5.7 percent, in 2012 as compared to 2011. Total deposits as of December 31, 2012 were $11.7 billion, compared to $10.2 billion as of December 31, 2011, a 14.6 percent increase. Also, as of December 31, 2012, noninterest-bearing demand deposits were 42.2 percent of total deposits.

“We believe the strength of our balance sheet allows us to be nimble as the economic climate changes,” said Mike Hagedorn, Chief Financial Officer. “Our balance sheet grew 10.6 percent and average earning assets increased 11.4 percent compared to the fourth quarter of 2011. Our long-term strategy is to reduce our overall interest rate risk and evaluate our mix of earning assets in order to diminish our reliance on the securities portfolio. Additionally, our capital position increased 7.4 percent. We believe that a strong balance sheet, sound capital levels and low-cost funding are all essential to our continued success.”

As of December 31, 2012, UMB had total shareholders’ equity of $1.3 billion, an increase of 7.4 percent as compared to the same period in 2011.

Dividend Declaration

The Board of Directors declared during the company’s quarterly board meeting a $0.215 quarterly cash dividend, payable on April 1, 2013, to shareholders of record at the close of business on March 8, 2013.

Year-to-Date

Earnings for the year ended December 31, 2012 were $122.7 million or $3.07 per share ($3.04 diluted). This is an increase of $16.2 million, or 15.3 percent, compared to the prior year-to-date earnings of $106.5 million or $2.66 per share ($2.64 diluted).

Net interest income for the year ended December 31, 2012 increased $3.1 million, or 1.0 percent, compared to the same period in 2011. Net interest margin decreased to 2.75 percent for the year ended December 31, 2012 as compared to 2.94 percent for the same period in 2011.

Noninterest income increased $43.8 million, or 10.6 percent, to $458.1 million for the year ended December 31, 2012 as compared to the same period in 2011. Trust and securities processing income increased $16.7 million, or 8.0 percent, for year ended December 31, 2012 as compared to the same period in 2011. Gains from the sale of securities available for sale of $20.2 million were recognized during 2012 compared to $16.1 million for 2011. Other noninterest income increased $14.6 million, or 109.7 percent, primarily driven by an $8.7 million adjustment decreasing the contingent consideration liabilities on acquisitions. These adjustments were due to the adoption of new accounting guidance related to fair value measurements and additional changes in cash flow projections. Fair value adjustments on interest rate swap transactions increased $2.4 million compared to 2011. Gains of $0.6 million were recognized on the sale of two branches during 2012.


Noninterest expense increased $27.7 million, or 4.9 percent, for the year ended December 31, 2012 compared to the same period in 2011. Salary and employee benefit expense increased by $25.1 million, or 8.5 percent, offset by a $7.8 million escrow fund established during the second quarter of 2011 to settle a class action lawsuit. Marketing and business development increased $4.5 million compared to 2011 driven by increased advertising campaigns and business development. Other noninterest expense increased $3.0 million, or 10.2 percent, primarily driven by an increase in contingent consideration liabilities on acquisitions of $3.5 million compared to 2011.

Conference Call

The company plans to host a conference call to discuss its 2012 fourth quarter and year-end earnings results on January 23, 2013, at 8:30 a.m. (CDT).

Interested parties may access the call by dialing (toll-free) 877-941-9205 or (U.S.) 480-629-9771. The live call can also be accessed by visiting the investor relations area of umb.com or by using the following the link:

http://event.on24.com/r.htm?e=563113&s=1&k=844A2E5EA0BE866C7D426841E92F4343

A replay of the conference call may be heard until February 6, 2013 by calling (toll-free) 800-406-7325 or (U.S.) 303-590-3030. The replay pass code required for playback is conference identification number 4589273. The call replay may also be accessed via the company's website, umb.com, by visiting the investor relations area.

Forward-Looking Statements:

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements rely on a number of assumptions concerning future events and are subject to risks and uncertainties, which could cause actual results to differ materially from those contemplated by the forward-looking statements in this Current Report on Form 8-K, any exhibits to this Current Report and other public statements the company may make. While management of UMB believes their assumptions are reasonable, UMB cautions that changes in general economic conditions, changes in interest rates, changes in the securities markets, changes in operations, changes in competition, technology changes, legislative or regulatory changes, the ability of customers to repay loans, changes in loan demand, increases in employee costs, its ability to integrate acquisitions and other risks and uncertainties detailed in UMB’s filings with the Securities and Exchange Commission, may cause actual results to differ materially from those discussed in this release. UMB has no duty to update such statements, and undertakes no obligation to update or supplement forward-looking statements that become untrue because of new information, future events or otherwise.

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. It also has a loan production office in Texas. Subsidiaries of the holding company include mutual fund and alternative investment services groups, single-purpose companies that deal with brokerage services and insurance, and a registered investment advisor that manages the


company's proprietary mutual funds and investment advisory accounts for institutional customers. For more information, visit umb.com or follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank and LinkedIn at linkedin.com/company/umb-bank.


CONSOLIDATED BALANCE SHEETS        UMB Financial Corporation 



(unaudited, dollars in thousands)                 
        December 31,     
Assets        2012        2011 




 
Loans    $    5,686,749    $    4,960,343 
   Allowance for loan losses        (71,426)        (72,017) 




         Net loans        5,615,323        4,888,326 




Loans held for sale        3,877        10,215 
Investment securities:                 
   Available for sale        6,937,463        6,107,882 
   Held to maturity        114,756        89,246 
   Trading securities        55,764        58,142 
   Federal Reserve Bank Stock and other        26,333        22,212 




         Total investment securities        7,134,316        6,277,482 




Federal funds and resell agreements        89,868        66,078 
Interest-bearing due from banks        720,500        1,164,007 
Cash and due from banks        667,774        446,580 
Bank premises and equipment, net        244,600        227,936 
Accrued income        69,749        75,997 
Goodwill        209,758        211,114 
Other intangibles        68,803        84,331 
Other assets        102,628        89,332 




         Total assets    $    14,927,196    $    13,541,398 




 
 
Liabilities                 
Deposits:                 
   Noninterest-bearing demand    $    4,920,581    $    3,941,372 
   Interest-bearing demand and savings        5,450,450        4,680,125 
   Time deposits under $100,000        540,269        615,475 
   Time deposits of $100,000 or more        742,065        932,939 




         Total deposits        11,653,365        10,169,911 




Federal funds and repurchase agreements        1,787,270        1,950,827 
Short-term debt        -        12,000 
Long-term debt        5,879        6,529 
Accrued expenses and taxes        182,468        186,380 
Other liabilities        18,869        24,619 




         Total liabilities        13,647,851        12,350,266 




 
Shareholders' Equity                 
Common stock        55,057        55,057 
Capital surplus        732,069        723,299 
Retained earnings        787,015        697,923 
Accumulated other comprehensive income        85,588        81,099 
Treasury stock        (380,384)        (366,246) 




         Total shareholders' equity        1,279,345        1,191,132 




         Total liabilities and shareholders' equity    $    14,927,196    $    13,541,398 






Consolidated Statements of Income                    UMB Financial Corporation 






(unaudited, dollars in thousands except share and per share data)                             
    Three Months Ended        Year Ended     
                               December 31,        December 31, 
Interest Income    2012           2011             2012        2011 







Loans    $ 54,778    $    54,557    $    217,391    $    219,076 
Securities:                             
Taxable interest    19,090        20,223        81,013        85,120 
   Tax-exempt interest    9,779        9,422        38,224        34,766 







       Total securities income    28,869        29,645        119,237        119,886 
Federal funds and resell agreements    32        28        121        102 
Interest-bearing due from banks    367        652        1,789        3,284 
Trading securities    577        623        1,147        1,305 







Total interest income    84,623        85,505        339,685        343,653 







 
Interest Expense                             
Deposits    3,973        5,660        17,416        24,628 
Federal funds and repurchase agreements    482        307        1,884        1,712 
Other    (61)        5        329        340 







       Total interest expense    4,394        5,972        19,629        26,680 







Net interest income    80,229        79,533        320,056        316,973 
Provision for loan losses    4,000        5,000        17,500        22,200 







                   Net interest income after provision for loan losses    76,229        74,533        302,556        294,773 







 
Noninterest Income                             
Trust and securities processing    58,338        51,101        225,094        208,392 
Trading and investment banking    6,421        7,270        30,359        27,720 
Service charges on deposits    20,503        18,990        78,694        74,659 
Insurance fees and commissions    1,146        968        4,095        4,375 
Brokerage fees    2,782        2,410        11,105        9,950 
Bankcard fees    14,536        12,898        60,567        59,767 
Gains on sale of available for sale securities, net    210        234        20,232        16,125 
Other    5,338        3,898        27,976        13,344 







       Total noninterest income    109,274        97,769        458,122        414,332 







 
Noninterest Expense                             
Salaries and employee benefits    83,124        74,030        319,852        294,756 
Occupancy, net    9,568        9,825        37,927        38,406 
Equipment    11,466        10,593        43,465        42,728 
Supplies and services    5,788        5,496        21,045        22,166 
Marketing and business development    6,990        5,958        24,604        20,150 
Processing fees    12,819        11,788        51,191        49,985 
Legal and consulting    6,142        5,637        17,980        15,601 
Bankcard    4,582        3,528        18,154        15,600 
Amortization of intangible assets    3,547        3,913        14,775        16,100 
Regulatory fees    2,351        2,154        9,447        10,395 
Class action litigation settlement    -        -        -        7,800 
Other    11,582        9,299        32,014        29,059 







       Total noninterest expense    157,959        142,221        590,454        562,746 
 
Income before income taxes    27,544        30,081        170,224        146,359 
Income tax provision    6,484        6,815        47,507        39,887 







Net income    $ 21,060    $    23,266    $    122,717    $    106,472 







 
Per Share Data                             
Net income - basic    $ 0.53    $    0.58    $    3.07    $    2.66 
Net income – diluted    0.52        0.58        3.04        2.64 
Dividends    0.215        0.205        0.830        0.790 
Weighted average shares outstanding    39,996,209        39,967,448        40,034,428        40,034,435 


Condensed Statements of Consolidated Comprehensive Income (Loss)                UMB Financial Corporation 





(unaudited, dollars in thousands, except per share data)                             
        Three Months Ended    Year Ended 
               December 31,    December 31, 
        2012        2011    2012        2011 







Net Income    $    21,060    $    23,266    $ 122,717    $    106,472 
Other comprehensive income, net of tax:                             
 Unrealized gains on securities:                             
   Change in unrealized holding gains, net        (25,456)        5,931    27,164        104,204 
   Less: Reclassifications adjustment for gains included in net income        (210)        (234)    (20,232)        (16,125) 







 Change in unrealized gains on securities during the period        (25,666)        5,697    6,932        88,079 
Income tax expense        9,708        (2,033)    (2,443)        (32,445) 







Other comprehensive (loss) income        (15,958)        3,664    4,489        55,634 







Comprehensive income    $    5,102    $    26,930    $ 127,206    $    162,106 








Consolidated Statements of                                                 
Shareholders' Equity                                        UMB Financial Corporation 











(unaudited, dollars in thousands, except per share data)                                     
 
 
                                Accumulated                 
                                Other                 
        Common        Capital        Retained        Comprehensive           Treasury         
         Stock        Surplus        Earnings        Income        Stock           Total 












Balance - January 1, 2011    $    55,057    $    718,306    $    623,415    $    25,465    $    (361,383)    $    1,060,860 
Total Comprehensive income                        106,472        55,634                162,106 
Cash dividends ($0.79 per share)        -        -        (31,964)        -        -        (31,964) 
Purchase of treasury stock        -        -        -        -        (9,142)        (9,142) 
Issuance of equity awards        -        (2,244)        -        -        2,484        240 
Recognition of equity based                                                 
     compensation        -        6,510        -        -        -        6,510 
Net tax benefit related to equity                                                 
     compensation plans        -        79        -        -        -        79 
Sale of treasury stock        -        295        -        -        315        610 
Exercise of stock options        -        353        -        -        1,480        1,833 












 
Balance – December 31, 2011    $    55,057    $    723,299    $    697,923    $    81,099    $    (366,246)    $    1,191,132 












 
 
Balance - January 1, 2012    $    55,057    $    723,299    $    697,923    $    81,099    $    (366,246)    $    1,191,132 
Total Comprehensive income                        122,717        4,489                127,206 
Cash dividends ($0.83 per share)        -        -        (33,625)        -        -        (33,625) 
Purchase of treasury stock        -        -        -        -        (20,419)        (20,419) 
Issuance of equity awards        -        (1,911)        -        -        2,156        245 
Recognition of equity based                                                 
     compensation        -        6,917        -        -        -        6,917 
Net tax benefit related to equity                                                 
     compensation plans        -        359        -        -        -        359 
Sale of treasury stock        -        587        -        -        389        976 
Exercise of stock options        -        2,818        -        -        3,736        6,554 












Balance – December 31, 2012    $    55,057    $    732,069    $    787,015    $    85,588    $    (380,384)    $    1,279,345 














Average Balances / Yields and Rates                UMB Financial Corporation         







(tax - equivalent basis)                                 

(unaudited, dollars in thousands)            Year Ended December 31,         
        2012            2011         







        Average    Average            Average    Average     
Assets        Balance    Yield/Rate            Balance    Yield/Rate     








Loans, net of unearned interest    $    5,251,278    4.14    %    $    4,756,165    4.61    % 
Securities:                                 
 Taxable        4,612,510    1.76            4,224,456    2.01     
 Tax-exempt        1,862,786    3.11            1,497,834    3.54     




   Total securities        6,475,296    2.14            5,722,290    2.41     
Federal funds and resell agreements        26,459    0.46            31,273    0.32     
Interest-bearing due from banks        547,817    0.33            837,807    0.39     
Trading securities        53,227    2.34            51,927    2.64     




   Total earning assets        12,354,077    2.91            11,399,462    3.18     
Allowance for loan losses        (72,984)                (73,002)         
Other assets        1,108,099                1,090,814         




   Total assets    $    13,389,192            $    12,417,274         




 
 
Liabilities and Shareholders' Equity                                 
Interest-bearing deposits    $    6,265,040    0.28    %    $    6,178,795    0.40    % 
Federal funds and repurchase agreements        1,410,478    0.13            1,471,011    0.12     
Borrowed funds        11,514    2.86            36,580    0.93     




   Total interest-bearing liabilities        7,687,032    0.26            7,686,386    0.35     
Noninterest-bearing demand deposits        4,256,618                3,414,843         
Other liabilities        187,258                177,420         
Shareholders' equity        1,258,284                1,138,625         




   Total liabilities and shareholders' equity    $    13,389,192            $    12,417,274         




Net interest spread            2.65    %            2.83    % 
Net interest margin            2.75                2.94     
 
 
            Three Months Ended December 31,         
        2012            2011         







        Average    Average            Average    Average     
Assets        Balance    Yield/Rate            Balance    Yield/Rate     








Loans, net of unearned interest    $    5,440,463    4.01    %    $    4,875,327    4.45    % 
Securities:                                 
 Taxable        4,871,764    1.56            4,209,819    1.91     
 Tax-exempt        1,950,812    2.98            1,704,167    3.33     




   Total securities        6,822,576    1.98            5,913,986    2.32     
Federal funds and resell agreements        22,804    0.56            35,307    0.30     
Interest-bearing due from banks        471,405    0.31            627,953    0.41     
Trading securities        63,608    3.79            56,505    4.45     




   Total earning assets        12,820,856    2.78            11,509,078    3.11     
Allowance for loan losses        (72,204)                (72,682)         
Other assets        1,132,727                1,109,799         




   Total assets    $    13,881,379            $    12,546,195         




 
 
Liabilities and Shareholders' Equity                                 
Interest-bearing deposits    $    6,365,088    0.25    %    $    6,022,262    0.37    % 
Federal funds and repurchase agreements        1,305,573    0.15            1,248,200    0.10     
Borrowed funds        5,944    (4.08)            41,513    0.04     




   Total interest-bearing liabilities        7,676,605    0.23            7,311,975    0.32     
Noninterest-bearing demand deposits        4,711,790                3,863,446         
Other liabilities        198,609                192,059         
Shareholders' equity        1,294,375                1,178,715         




   Total liabilities and shareholders' equity    $    13,881,379            $    12,546,195         




Net interest spread            2.55    %            2.79    % 
Net interest margin            2.64                2.91     


FOURTH QUARTER 2012                         
FINANCIAL HIGHLIGHTS        UMB Financial Corporation     




(unaudited, dollars in thousands, except share and per share data)                     
 
Year Ended December 31        2012            2011     







Net interest income    $    320,056        $    316,973     
Provision for loan losses        17,500 17            22,200     
Noninterest income        458,122            414,332     
Noninterest expense        590,454            562,746     
Income before income taxes        170,224            146,359     
Net income        122,717            106,472     
Net income per share - Basic        3.07            2.66     
Net income per share - Diluted        3.04            2.64     
Return on average assets        0.92    %        0.86    % 
Return on average equity        9.75    %        9.35    % 
 
Three Months Ended December 31                         

Net interest income    $    80,229        $    79,533     
Provision for loan losses        4,000            5,000     
Noninterest income        109,274            97,769     
Noninterest expense        157,959            142,221     
Income before income taxes        27,544            30,081     
Net income        21,060            23,266     
Net income per share - Basic        0.53            0.58     
Net income per share - Diluted        0.52            0.58     
Return on average assets        0.60    %        0.74    % 
Return on average equity        6.47    %        7.83    % 
 
At December 31                         

Assets    $    14,927,196        $    13,541,398     
Loans, net of unearned interest        5,686,749            4,960,343     
Securities        7,134,316            6,277,482     
Deposits        11,653,365            10,169,911     
Shareholders' equity        1,279,345            1,191,132     
Book value per share        31.71            29.46     
Market price per share        43.82            37.25     
Equity to assets        8.57    %        8.80    % 
Allowance for loan losses    $    71,426        $    72,017     
   As a % of loans        1.26    %        1.45    % 
Nonaccrual and restructured loans    $    28,103        $    25,581     
   As a % of loans        0.49    %        0.52    % 
Loans over 90 days past due    $    3,554        $    5,998     
   As a % of loans        0.06    %        0.12    % 
Other real estate owned    $    3,524        $    5,959     
Net loan charge-offs quarter-to-date    $    3,941        $    5,859     
   As a % of average loans        0.29    %        0.48    % 
Net loan charge-offs year-to-date    $    18,091        $    24,135     
   As a % of average loans        0.35    %        0.51    % 
 
Common shares outstanding        40,340,878            40,426,342     
 
Average Balances                         
Year Ended December 31                         

Assets    $    13,389,192        $    12,417,274     
Loans, net of unearned interest        5,251,278            4,756,165     
Securities        6,528,523            5,774,217     
Deposits        10,521,658            9,593,638     
Shareholders' equity        1,258,284            1,138,625     


Business Segment Information                            UMB Financial Corporation 








(unaudited, dollars in thousands)                                     
                Three Months Ended December 31, 2012         






 
                        Institutional                 
                Payment                   Asset         
        Bank                Investment                Total 
                Solutions                Servicing         
                    Management                 









Net interest income    $    68,566    $    11,227    $    -    $    436    $    80,229 
Provision for loan losses        1,674        2,326        -        -        4,000 
Noninterest income        47,804        17,601        25,508        18,361        109,274 
Noninterest expense        100,892        19,873        20,152        17,042        157,959 










Income before taxes        13,804        6,629        5,356        1,755        27,544 
Income tax expense        2,905        1,851        1,202        526        6,484 










Net income    $    10,899    $    4,778    $    4,154    $    1,229    $    21,060 










 
Average assets    $    11,245,000    $    941,000    $    79,000    $    1,616,000    $    13,881,000 
 
 
                Three Months Ended December 31, 2011         






 
                        Institutional                 
                Payment                   Asset         
        Bank                Investment                Total 
                Solutions                Servicing         
                    Management                 









 
Net interest income    $    68,814    $    10,504    $    2    $    213    $    79,533 
Provision for loan losses        2,211        2,789        -        -        5,000 
Noninterest income        47,828        12,944        19,800        17,197        97,769 
Noninterest expense        96,422        15,233        14,712        15,854        142,221 










Income before taxes        18,009        5,426        5,090        1,556        30,081 
Income tax expense        3,809        1,444        1,153        409        6,815 










Net income    $    14,200    $    3,982    $    3,937    $    1,147    $    23,266 










 
Average assets    $    10,635,000    $    792,000    $    93,000    $    1,026,000    $    12,546,000 


Business Segment Information                            UMB Financial Corporation 








(unaudited, dollars in thousands)                                     
                Three Months Ended December 31, 2012         






 
                        Institutional                 
                Payment                   Asset         
        Bank                Investment                Total 
                Solutions                Servicing         
                    Management                 









Net interest income    $    68,566    $    11,227    $    -    $    436    $    80,229 
Provision for loan losses        1,674        2,326        -        -        4,000 
Noninterest income        47,804        17,601        25,508        18,361        109,274 
Noninterest expense        100,892        19,873        20,152        17,042        157,959 










Income before taxes        13,804        6,629        5,356        1,755        27,544 
Income tax expense        2,905        1,851        1,202        526        6,484 










Net income    $    10,899    $    4,778    $    4,154    $    1,229    $    21,060 










 
Average assets    $    11,245,000    $    941,000    $    79,000    $    1,616,000    $    13,881,000 
 
 
                Three Months Ended December 31, 2011         






 
                        Institutional                 
                Payment                   Asset         
        Bank                Investment                Total 
                Solutions                Servicing         
                    Management                 









 
Net interest income    $    68,814    $    10,504    $    2    $    213    $    79,533 
Provision for loan losses        2,211        2,789        -        -        5,000 
Noninterest income        47,828        12,944        19,800        17,197        97,769 
Noninterest expense        96,422        15,233        14,712        15,854        142,221 










Income before taxes        18,009        5,426        5,090        1,556        30,081 
Income tax expense        3,809        1,444        1,153        409        6,815 










Net income    $    14,200    $    3,982    $    3,937    $    1,147    $    23,266 










 
Average assets    $    10,635,000    $    792,000    $    93,000    $    1,026,000    $    12,546,000