EX-99.1 2 rrd175763_22040.htm PRESS RELEASE ANNOUNCING 3RD QTR EARNINGS DC2887.pdf -- Converted by SEC Publisher 4.2, created by BCL Technologies Inc., for SEC Filing

UMB Financial Corporation

News Release

1010 Grand Boulevard
Kansas City, MO 64106
816.860.7000
umb.com

//FOR IMMEDIATE RELEASE//

Contact: Mandie Nelson, 816.860.5088

Investor Relations Contact: Begonya Klumb, 816.860.7906

UMB Financial Corporation Reports Third Quarter Earnings of $21.5 million

    Selected financial highlights 
·        Declared $0.15 quarterly dividend, representing the 6th 
       dividend increase since October, 2003 
·        Net interest margin increased 5 basis points to 3.48 percent 
·        Nonperforming loans decreased to 0.14 percent of total loans 
·        Net charge-offs decreased to 0.19 percent of average loans 
·        Total deposits increased 7.0 percent 

Kansas City, Mo. (October 23, 2007) – UMB Financial Corporation (NASDAQ: UMBF), a multi-bank holding company, announced earnings of $21.5 million or $0.52 per share ($0.51 diluted) for the three-month period ended September 30, 2007. This is an increase of $5.7 million, or 35.7 percent, compared to third quarter 2006 earnings of $15.9 million or $0.37 per share ($0.37 diluted). Revenue was higher due to a 19.4 percent increase in noninterest income and a 5.8 percent increase in net interest income. These revenue increases were partially offset by a 5.3 percent increase in noninterest expense.

“This quarter’s results were driven by double digit noninterest income growth, as well as increasing net interest income primarily due to loan growth and margin expansion,” commented Mariner Kemper, Chairman and CEO of UMB Financial Corporation. “As always, this growth was achieved without compromising our tradition of strong liquidity, and asset quality. While most in the industry are struggling with credit quality, our loan net charge offs decreased to just 0.19 percent of average loans, and our nonperforming loans represented just 0.14 percent of total loans. The recent challenging times have validated our time-tested model and heritage of quality, liquidity and safety and soundness.”

Net Interest Income

Net interest income for the third quarter of 2007 increased $3.2 million, or 5.8 percent, compared to the same period in 2006 due primarily to higher average earning assets while increasing net interest margin. Average earning assets increased by $322.1 million, or 4.8 percent, as compared to the third quarter of 2006. Most of this increase was due to a $284.0 million, or 7.8 percent, increase in average loans.

Net interest margin increased 5 basis points to 3.48 percent for the three months ended September 30, 2007 as compared to the same quarter in 2006. Net interest spread increased by 8 basis points

from the three months ended September 30, 2006, which was offset by a 3 basis point reduction in the benefit from interest free funds.

Noninterest Income and Expense

“Our fee based businesses continue to drive our success,” said Peter deSilva, President and Chief Operating Officer. “Noninterest income, which represented 57.0 percent of our revenue, grew for the tenth consecutive quarter over the prior year. This growth was driven by trust and securities processing income from our Asset Management and Fund Services divisions, as well as from the sale of our securities transfer product. A continued success story within Asset Management is our Corporate Trust division, which ranked fourth in Thomson Financial's third quarter ranking by number of transactions of municipal trusteeships and paying agencies combined. With dominant market shares of 56 percent in Missouri and 67 percent in Kansas, and 34 percent growth in assets under administration, Corporate Trust remains a key area of focus for the company.”

Noninterest income increased $12.5 million, or 19.4 percent, for the three months ended September 30, 2007 compared to the same period in 2006. Trust and securities processing income increased $3.9 million, or 15.4 percent, for the three months ended September 30, 2007 compared to the same period in 2006. This increase was primarily due to a $1.0 billion, or 22.0 percent, increase in total assets under management in the UMB Scout Funds at September 30, 2007 as compared to September 30, 2006. Deposit service charges were $1.8 million, or 9.6 percent, higher in the third quarter 2007 than in the same period in 2006. A $6.5 million net gain was recognized on the sale of the securities transfer product, which was completed during the quarter.

Noninterest expense increased $5.1 million, or 5.3 percent, for the three months ended September 30, 2007 compared to the same period in 2006. Salary expense increased by $2.5 million, or 5.2 percent, mostly due to higher base employee base salaries, higher commissions and bonuses, and higher cost of benefits. Occupancy expense increased $0.7 million, or 10.6 percent, mainly from increased repair and maintenance costs on existing facilities and additional facility security costs. Equipment expense increased by $0.8 million, or 6.0 percent, mostly due to amortization and maintenance costs related to software and associated equipment.

Balance Sheet and Margin

“Loan growth for the quarter reflected increases in our commercial, credit cards and HELOC portfolios, offset by a decrease in indirect loan balances. We made the strategic decision to allow our indirect portfolio to run-off as part of our ongoing strategy to enhance earning asset yield,” said Mike Hagedorn, Chief Financial Officer. “We continued to increase margin year over year, partly due to loan growth and higher earning asset yields from both our investment and loan portfolios. Contributing to the margin increase this quarter was a more moderate increase in the cost of our interest-bearing liabilities, as the recent interest rate reduction lowered the cost of our short-term funding. Going forward, margin improvement may be more moderate as our earning assets re-price in a lower rate environment.”

Average total assets for the three months ended September 30, 2007 were $7.8 billion compared to $7.5 billion for the same period in 2006, an increase of $390.0 million, or 5.2 percent. Average earning assets increased by $322.1 million, or 4.8 percent. In addition to the increase in earning assets, the mix of higher yielding loans to overall earning assets was favorable. Average loans comprised 55.9 percent of the company’s earning asset base for 2007 as compared to 54.4 percent for 2006.

For the three months ended September 30, 2007, average loans were $3.9 billion compared to $3.6 billion for the same period in 2006, an increase of 7.8 percent. Actual loan balances on

September 30, 2007 were $4.0 billion, compared to $3.8 billion on September 30, 2006. These balances were as follows:

    September 30,    September 30,        Percent 
Loans by Category (in thousands)             2007             2006    Change    Change 
     Commercial, financial and agricultural    $1,801,190    $1,659,939    $141,251    8.5% 
     Real estate construction    64,320    72,198    (7,878)    (10.9)% 
     Consumer    863,320    999,183    (135,863)    (13.6)% 
     Real estate    1,218,869    1,060,893    157,976    14.9% 
     Leases    6,105    5,786    319    5.5% 
           Loans before loans held for sale    3,953,804    3,797,999    155,805    4.1% 
           Loans held for sale    12,987    17,658    (4,671)    (26.5)% 
                 Total loans and loans held for sale    $3,966,791    $3,815,657    $151,134    4.0% 

Nonperforming loans at September 30, 2007 totaled $5.7 million compared to $8.1 million a year earlier, a 29.7 percent reduction. As a percentage of total loans, nonperforming loans were 0.14 percent of loans as of September 30, 2007 and 0.21 percent at September 30, 2006.

Nonperforming loans are defined as nonaccrual loans and restructured loans. The company’s allowance for loan losses totaled $46.2 million, or 1.17 percent of total loans as of September 30, 2007 compared to $43.5 million, or 1.15 percent of total loans as of September 30, 2006.

For the three months ended September 30, 2007, average securities, including trading securities and other, totaled $2.7 billion. This is an increase of $78.9 million, or 3.0 percent from the same period in 2006. Average federal funds sold and resell agreements for the third quarter decreased $40.8 million, or 10.9 percent over the same period in 2006 to $331.4 million.

Average total deposits increased $269.3 million, or 5.0 percent, to $5.7 billion for the three months ended September 30, 2007, compared to the same period in 2006. The increase in deposits came primarily from our public funds, mutual fund processing and treasury management businesses. Average time deposit accounts increased by $107.7 million, or 9.2 percent, for the three months ended September 30, 2007 as compared to 2006. Average money market accounts increased by $126.1 million, or 12.2 percent, in 2007 as compared to 2006. Total deposits as of September 30, 2007 were $5.9 billion, compared to $5.5 billion at September 30, 2006, a 7.0 percent increase.

As of September 30, 2007, UMB had total shareholders’ equity of $884.3 million, a 3.5 percent increase from the prior year.

Year-to-Date

Earnings for the nine months ended September 30, 2007 were $58.9 million or $1.41 per share ($1.40 diluted). This is an increase of $14.9 million, or 34.0 percent, compared to the prior year earnings of $44.0 million or $1.03 per share ($1.03 diluted).

Net interest income for the year-to-date September 30, 2007 increased $11.2 million, or 7.0 percent, compared to the same period in 2006 due primarily to higher average earning assets and rates. Net interest margin increased to 3.41 percent for year-to-date September 30, 2007 as compared to 3.36 percent for the same period in 2006.

Noninterest income increased $26.0 million, or 13.7 percent, for year-to-date September 30, 2007 as compared to the same period in 2006. The increase was primarily attributable to higher trust and securities processing income, deposit service charges, trading and investment income and brokerage fees. A $6.5 million net gain was recognized on the sale of the securities transfer product, which was completed during the third quarter. Trust and securities processing income increased $12.4 million, or 17.1 percent, for year-to-date September 30, 2007 as compared to the same period in 2006. Deposit service charges were $4.7 million, or 8.6 percent, higher for the nine months ended September 30, 2007 than the same period in 2006 due mostly to greater individual overdraft and return item charges as well as pricing changes implemented at the beginning of the year.

Noninterest expense increased $14.5 million, or 5.1 percent, for the nine months ended September 30, 2007 compared to the same period in 2006. Salary expense increased by $8.6 million, or 6.0 percent, mostly due to higher employee base salaries, higher commissions and bonuses and higher cost of benefits. Occupancy expense increased $2.1 million, or 10.5 percent, mainly from increased repair and maintenance costs of existing facilities and increased facility security expense. Equipment expense increased by $3.7 million, or 10.3 percent, for year-to-date September 30, 2007 as compared to the same period in 2006 due mostly to higher amortization and maintenance costs related to software and associated equipment.

The company plans to host a conference call to discuss its third quarter results on October 24, 2007, at 8:30 a.m. (CST). Interested parties may access the call by dialing U.S./Canada (toll-free) 800-218-9073 or access the following Web link at least 10 minutes before the call begins: http://w.on24.com/r.htm?e=95042&s=1&k=801EE2F28B754C56A4BBA56E3AEA338F or visit www.umb.com, investor relations, to access the link to the live call.

A replay of the conference call may be heard until November 7, 2007, by calling U.S./Canada (toll-free) 800-405-2236 or 303-590-3000. The replay pass code required for playback is conference ID 11098473#. The call replay may also be accessed via the company's Web site, www.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, 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 multi-bank holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to both individual and business customers nationwide. Its banking subsidiaries own and operate 136 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include an investment services group based in Milwaukee, Wisc., single-purpose companies that deal with brokerage services and insurance and a registered investment advisor that manages the company’s proprietary mutual funds.

                UMB 
                Financial 
CONSOLIDATED BALANCE SHEETS                Corporation 
(all dollars in thousands) (unaudited)                 
        September 30, 
Assets        2007             2006 
 
 
Loans    $    3,953,804    $    3,797,999 
Allowance for loan losses        (46,174)        (43,538) 
 
Net loans        3,907,630        3,754,461 
 
Loans held for sale        12,987        17,658 
Investment Securities:                 
 
Available for sale        2,709,973        2,636,811 
 
Held to maturity        39,803        51,606 
Federal Reserve Bank stock and other        19,926        15,158 
Trading securities        60,652        48,160 
 
Total investment securities        2,830,354        2,751,735 
Federal funds and resell agreements        305,553        280,910 
Cash and due from banks        499,535        408,094 
Bank premises and equipment, net        237,283        241,290 
Accrued income        60,845        56,300 
Goodwill on purchased affiliates        94,512        96,017 
Other intangibles        17,181        19,136 
Other assets        54,180        47,156 
 
Total assets    $    8,020,060    $    7,672,757 
 
 
Liabilities
Deposits:
 
Noninterest - bearing demand    $    1,755,443    $    1,900,220 
Interest - bearing demand and savings        2,853,488        2,493,922 
Time deposits under $100,000        820,701        797,068 
Time deposits of $100,000 or more        491,412        344,716 
 
Total deposits        5,921,044        5,535,926 
Federal funds and repurchase agreements        1,060,585        1,148,677 
Short-term debt        16,468        22,644 
Long-term debt        36,693        36,798 

Accrued expenses and taxes        63,612        46,039 
Other liabilities        37,349        27,834 
 
Total liabilities        7,135,751        6,817,918 
 
Shareholders' Equity                 
 
Common stock        55,057        55,057 
Capital surplus        701,620        699,029 
Retained earnings        421,729        370,184 
Accumulated other comprehensive income (loss)        (1,417)        (15,765) 
Treasury stock        (292,680)        (253,666) 
 
Total shareholders' equity        884,309        854,839 
 
Total liabilities and shareholders' equity    $    8,020,060    $    7,672,757 

                        UMB 
                        Financial 
Consolidated Statements of Income                        Corporation 
(unaudited, dollars in thousands except share and per share                 
data)                         
        Three Months Ended         Nine Months Ended 
               September 30,        September 30, 
Interest Income        2007    2006        2007           2006 
 
Loans    $       68,972 $    62,157    $    203,385 $    172,931 
Securities:                         
   Taxable Interest        23,251    21,004        71,200    61,937 
   Tax-exempt interest        6,490    5,864        18,642    17,388 
         Total securities income        29,741    26,868        89,842    79,325 
Federal funds and resell agreements        4,326    5,025        15,658    15,152 
Trading securities and other        561    579        1,824    2,029 
 
   Total interest income        103,600    94,629        310,709    269,437 
 
Interest Expense                         
 
Deposits        31,412    25,942        89,191    69,533 
Federal funds and repurchase agreements        13,647    13,443        47,987    37,686 
Short-term debt        161    105        441    429 
Long-term debt        373    311        1,265    1,206 
 
   Total interest expense        45,593    39,801        138,884    108,854 
 
Net interest income        58,007    54,828        171,825    160,583 
Provision for loan losses        2,833    1,500        6,333    7,734 
         Net interest income after provision for                         
loan losses        55,174    53,328        165,492    152,849 

Noninterest Income                                 
Trust and securities processing        28,889        25,038        85,131        72,698 
Trading and investment banking        4,353        4,757        14,747        13,437 
Service charges on deposits        20,361        18,581        59,936        55,191 
Insurance fees and commisions        913        1,056        2,544        3,149 
Brokerage fees        1,959        1,508        6,024        4,626 
Bankcard fees        10,135        9,945        29,431        28,750 
Other gains, net        96        (188)        87        408 
Gain on sale of securities transfer, net        6,490                 -        6,490                 - 
Gains (losses) on sales of securities                                 
available for sale        1        37        3        120 
Other        3,700        3,669        11,519        11,553 
Total noninterest income        76,897        64,403        215,912        189,932 
Noninterest Expense                                 
Salaries and employee benefits        51,439        48,894        152,538        143,928 
Occupancy, net        7,667        6,932        22,421        20,288 
Equipment        13,385        12,623        39,810        36,086 
Supplies, postage and telephone        5,814        5,514        17,327        16,988 
Marketing and business development        3,880        4,001        11,574        11,645 
Processing fees        7,491        7,137        21,268        20,692 
Legal and consulting        2,329        2,080        5,795        5,736 
Bankcard        2,648        3,410        8,084        10,220 
Amortization of other intangibles        754        365        2,222        868 
Other        5,992        5,309        16,107        16,238 
Total noninterest expense        101,399        96,265        297,146        282,689 
 
Income before income taxes        30,672        21,466        84,258        60,092 
Income tax provision        9,145        5,601        25,344        16,127 
Net income    $    21,527    $    15,865    $    58,914    $    43,965 
Per Share Data                                 
Net income- Basic    $    0.52    $    0.37    $    1.41    $    1.03 
Net income- Diluted        0.51        0.37        1.40        1.03 
Dividends        0.14        0.13        0.42        0.39 
Weighted average shares outstanding        41,687,476        42,531,525        41,857,927        42,675,173 

UMB FINANCIAL CORPORATION
STATEMENTS OF CHANGES IN CONSOLIDATED SHAREHOLDERS' EQUITY
(unaudited, dollars in thousands)
 
                                        Accum-             
                                         Ulated             
                                        Other             
                        Unearned                Compre-             
        Common        Capital        Compen-        Retained        hensive           Treasury         
        Stock        Surplus        sation        Earnings        Income               Stock         Total 
Balance - January 1, 2006    $    27,528    $    728,108    $         (1,904)    $     342,675    $    (21,550)    $ (241,394)    $    833,463 
Adoption of SFAS 123( R)        -         (1,904)                 1,904        -        -           -        - 
Comprehensive income/(loss)                                                     
   Net income        -        -        -             43,965        -           -        43,965 
   Change in unrealized losses on                                                     
securities        -        -        -        -               5,785           -        5,785 
Total comprehensive income                                                    49,750 
Cash dividends ($0.39 per                                                     
share)        -        -        -         (16,456)        -           -        (16,456) 
Stock split two for one        27,529        (27,529)                                    - 
Purchase of treasury stock        -        -        -        -        -             (13,813)        (13,813) 
Issuance of stock awards        -             (938)                                             1,088        150 
Recognition of restricted stock                                                     
   compensation        -             1,046        -        -        -           -        1,046 
Sale of treasury stock        -                 182        -        -        -                         132        314 
Exercise of stock options        -                   64        -        -        -                         321        385 
Balance - September 30, 2006    $    55,057    $    699,029    $    -    $     370,184    $    (15,765)    $ (253,666)    $    854,839 
 
Balance - January 1, 2007    $    55,057    $    699,794    $    -    $     380,464    $    (17,259)    $ (269,181)    $    848,875 
Comprehensive income                                                     
   Net income        -        -        -             58,914        -           -        58,914 
   Change in unrealized losses on                                                     
securities        -        -        -        -           15,842           -        15,842 
Total comprehensive income                                                    74,756 
Cash dividends ($0.42 per        -                         (17,649)                     

share)            -    -        -    -        (17,649) 
Purchase of treasury stock        -    -    -           -    -    (25,223)        (25,223) 
Issuance of stock awards            (928)    -            1,065        137 
Recognition of stock based                                     
   compensation        -    2,299    -                    2,299 
Sale of treasury stock        -    232    -           -    -    138        370 
Exercise of stock options        -    223    -           -    -    521        744 
Balance - September 30, 2007    $    55,057 $    701,620 $    -    $ 421,729 $       (1,417)    $ (292,680)    $    884,309 
See Notes to Condensed Consolidated Financial Statements.

Average Balances / Yields and Rates                UMB Financial Corporation     
(tax - equivalent basis)                                 
(all dollars in thousands)(unaudited)            Nine Months Ended September 30,         
        2007            2006     
        Average     Average            Average    Average     
Assets        Balance    Yield/Rate            Balance    Yield/Rate     
Loans, net of unearned interest    $    3,897,257    6.98    %    $    3,513,171    6.59    % 
Securities:                                 
 Taxable        2,019,521    4.71            2,051,522    4.04     
 Tax-exempt        716,106    5.11            675,102    5.01     
   Total securities        2,735,627    4.82            2,726,624    4.28     
Federal funds and resell agreements        392,659    5.33            409,080    4.95     
Trading securities and other        62,397    4.06            57,910    4.81     
   Total earning assets        7,087,940    6.03            6,706,785    5.53     
Allowance for loan losses        (45,289)                (41,524)         
Other assets        929,192                863,284         
   Total assets    $    7,971,843            $    7,528,545         
 
Liabilities and Shareholders' Equity                                 
Interest-bearing deposits    $    3,884,511    3.07    %    $    3,612,891    2.57    % 
Federal funds and repurchase agreements        1,320,837    4.86            1,122,993    4.49     
Borrowed funds            4.64            50,549    4.32     
49,147

49,147
   Total interest-bearing liabilities        5,254,495    3.53            4,786,433    3.04     
Noninterest-bearing demand deposits        1,769,917                1,851,588         
Other liabilities        80,368                52,041         
Shareholders' equity        867,063                838,483         
   Total liabilities and shareholders' equity    $    7,971,843            $    7,528,545         
Net interest spread            2.50    %            2.49    % 
Net interest margin            3.41                3.36     
 
            Three Months Ended September 30,         
        2007            2006     
        Average    Average            Average    Average     
Assets        Balance    Yield/Rate            Balance    Yield/Rate     
Loans, net of unearned interest    $    3,905,847    7.01    %    $    3,621,883    6.81    % 
Securities:                                 
 Taxable        1,948,907    4.73            1,930,684    4.32     
Tax-exempt        736,715    5.21            686,237    4.95     
   Total securities        2,685,622    4.86            2,616,921    4.48     
Federal funds and resell agreements        331,443    5.18            372,198    5.36     
Trading securities and other        58,750    3.98            48,525    4.78     
   Total earning assets        6,981,662    6.07            6,659,527    5.80     
Allowance for loan losses        (45,913)                (42,863)         
Other assets        904,440                833,500         
   Total assets    $    7,840,189            $    7,450,164         
 
Liabilities and Shareholders' Equity                                 
Interest-bearing deposits    $    3,947,820    3.16    %    $    3,625,766    2.84    % 
Federal funds and repurchase agreements        1,159,531    4.67            1,091,492    4.89     
Borrowed funds        49,981    4.24            45,706    3.61     
   Total interest-bearing liabilities        5,157,332    3.51            4,762,964    3.32     
Noninterest-bearing demand deposits        1,731,499                1,784,278         
Other liabilities        71,081                57,270         
Shareholders' equity        880,277                845,652         
   Total liabilities and shareholders' equity    $                $    7,450,164         

    7,840,189                 
Net interest spread        2.56    %    2.48    % 
Net interest margin        3.48        3.43     

THIRD QUARTER 2007                     
                                 UMB 
                         Financial 
FINANCIAL HIGHLIGHTS                    Corporation 
(all dollars in thousands, except per share data) (unaudited)                     
 
Nine Months Ended September 30,    2007            2006     
 
Net interest income    $ 171,825        $    160,583     
Provision for loan losses    6,333            7,734     
Noninterest income    215,912            189,932     
Noninterest expense    297,146            282,689     
Income before income taxes    84,258            60,092     
Net income    58,914            43,965     
Net income per share - Basic    1.41            1.03     
Net income per share - Diluted    1.40            1.03     
Return on average assets    0.99    %        0.78    % 
Return on average equity    9.08    %        7.01    % 
 
Three Months September 30                     
 
Net interest income    $ 58,007        $    54,828     
Provision for loan losses    2,833            1,500     
Noninterest income    76,897            64,403     
Noninterest expense    101,399            96,265     
Income before income taxes    30,672            21,466     
Net income    21,527            15,865     
Net income per share - Basic    0.52            0.37     
Net income per share - Diluted    0.51            0.37     
Return on average assets    1.09    %        0.84    % 
Return on average equity    9.70    %        7.44    % 
 
At September 30                     
 
Assets    $ 8,020,060        $    7,672,757     
Loans, net of unearned interest    3,953,804            3,797,999     
Securities    2,830,354            2,751,735     
Deposits    5,921,044            5,535,926     
Shareholders' equity    884,309            854,839     
Book value per share    21.18            20.03     
Market price per share    42.86            36.57     
Equity to assets    11.03    %        11.14    % 
 
Allowance for loan losses    $ 46,174        $    43,538     
As a % of loans    1.17    %        1.15    % 
 
Nonaccrual and restructured loans    $ 5,709        $    8,121     
As a % of loans    0.14    %        0.21    % 
 
Loans over 90 days past due    $ 1,946        $    5,924     
As a % of loans    0.05    %        0.16    % 
 
Other real estate owned    $ 1,230        $    157     

Net loan charge-offs quarter-to-date            $    1,907             $    2,440     
As a % of average loans                0.19    %    0.27    % 
Net loan charge-offs year-to-date            $    5,085             $    7,379     
As a % of average loans                0.18    %    0.28    % 
 
Common shares outstanding                41,755,015        42,685,009     
 
Average Balances                             
Nine Months Ended September 30                             
Assets            $    7,971,843             $    7,528,545     
Loans, net of unearned interest                3,897,257        3,513,171     
Securities                2,735,627        2,726,624     
Deposits                5,654,428        5,464,479     
Shareholders' equity                867,063        838,483     
 
 
 
 
Selected Financial Data                             
                            UMB Financial 
of Affiliate Banks                            Corporation 
(all dollars in thousands)(unaudited)                September 30, 2007     
                Loans             
                Net of             
         Total        Unearned           Total    Shareholder's 
Missouri        Assets        Interest        Deposits    Equity 
 
UMB Bank, n.a.    $    6,606,849     $    3,200,029     $    4,941,778 $    569,274 
 
UMB Bank Warsaw, N.A.        101,637        41,890        68,023    7,331 
 
Colorado                             
 
UMB Bank Colorado, n. a.        787,085        458,896        568,333    133,933 
 
Kansas                             
 
UMB National Bank of America        539,796        212,025        386,672    62,527 
 
Arizona                             
UMB Bank Arizona, n.a.        20,143        19,666        10,283    9,281 
 
Banking - Related Subsidiaries                             
UMB Community Development Corporation                             
UMB Banc Leasing Corp.                             
UMB Financial Services, Inc.                             
UMB Scout Insurance Services, Inc.                             
UMB Capital Corporation                             
United Missouri Insurance Company                             
UMB Trust Company of South Dakota                             
Scout Investment Advisors, Inc.                             

UMB Fund Services, Inc. UMB Consulting Services, Inc. Kansas City Realty Company Kansas City Financial Corporation UMB Redevelopment Corporation UMB Realty Company, LLC UMB National Sales Corporation Grand Distribution Services, LLC UMB Distribution Service, LLC Warsaw Financial Corporation