8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): 7/28/2015

UMB FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number: 0-4887

MO	43-0903811
(State or other jurisdiction of incorporation)	(IRS Employer Identification No.)

1010 Grand Blvd., Kansas City, MO 64106

(Address of principal executive offices, including zip code)

(816) 860-7000

(Registrant’s telephone number, including area code)

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act ( 17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13c-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On July 28, 2015, UMB Financial Corporation (the “Company”) issued a press release announcing the financial results for the Company for the quarter ending June 30, 2015. A copy of the press release is attached as Exhibit 99.1.

The information contained under Item 2.02 of this Current Report and in Exhibit 99.1 is being furnished and shall not be deemed filed for the purposes of Section 18 of the Exchange Act of 1934, as amended or otherwise subject to the liabilities of that section.

Item 7.01 Regulation FD Disclosure

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 SEC for the purposes of Section 18 of the Exchange Act of 1934, as amended or otherwise subject to the liabilities of that section.

The Company is furnishing a copy of materials that will be used in the Company’s shareholder conference call on July 29, 2015, at 8:30 a.m. (CDT). A copy of the materials is attached as Exhibit 99.2 and will be available on the Company’s website at www.umb.com. The materials are dated July 28, 2015, and the Company disclaims any obligation to correct or update any of the materials in the future.

Item 9.01 Financial Statements and Exhibits

Exhibit 99.1	Press release announcing 1st quarter financial results.
Exhibit 99.2	Presentation for Conference Call.

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/    Brian J. Walker
	Brian J. Walker
	EVP, Chief Financial Officer and Chief Accounting Officer

Date: July 28, 2015

EX-99.1

Exhibit 99.1

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 Gregory: 816.860.7106

UMB Financial Corporation Reports Second Quarter 2015 Earnings of $30.2 million, or $0.65 per Diluted Share

Selected second quarter financial highlights:

• Closed on the acquisition of Marquette Financial Companies on May 31, 2015, adding assets with an acquired value of $1.3 billion to the balance sheet

• Loans at June 30, 2015, increased 28.8 percent to $8.9 billion with legacy UMB loans having increased 14.4 percent to $7.9 billion compared to June 30, 2014

• Total deposits at June 30, 2015, increased 19.1 percent to $14.5 billion with legacy UMB deposits having increased 11.5 percent to $13.6 billion compared to June 30, 2014

• Noninterest income decreased 10.8 percent from the second quarter 2014 to $119.6 million, and was 55.1 percent of total revenue

• Total assets under management stood at $42.5 billion at June 30, 2015

• Tier 1 capital ratio remains strong at 12.77 percent

KANSAS CITY, Mo. (July 28, 2015) – UMB Financial Corporation (Nasdaq: UMBF), a diversified financial holding company, announced earnings for the three months ended June 30, 2015 of $30.2 million or $0.65 per share ($0.65 diluted). This is a decrease of $4.5 million, or 12.9 percent, compared to second quarter 2014 earnings of $34.7 million or $0.77 per share ($0.76 diluted). Earnings for the six months ended June 30, 2015, were $64.0 million or $1.40 per share ($1.39 diluted). This is an increase of $5.9 million, or 10.1 percent, compared to the earnings for the six months ended June 30, 2014 of $58.1 million or $1.30 per share ($1.28 diluted).

On May 31, 2015 the company completed its previously announced acquisition of Marquette Financial Companies (Marquette). This acquisition resulted in assets with an acquired value of $1.3 billion being added to the company’s balance sheet on that date.

“The highlight of the second quarter was closing on our acquisition of Marquette Financial Companies,” said Mariner Kemper, Chairman and Chief Executive Officer. “The combination is already producing positive results, helping drive a $2.0 billion, or 28.8 percent, end-of-period increase in total loan balances compared to the second quarter of 2014. At June 30, the acquired loans plus production in the legacy Marquette channels comprised $1.0 billion of the increase in total loan balances. The remaining increase of $1.0 billion was generated by legacy UMB lenders, for a year-over-year increase of 14.4 percent, and a linked-quarter increase of 5.6 percent. This is a testament to the strength of our commercial-lending franchise.

“While we experienced solid net-interest-income growth in the second quarter, noninterest income contracted, primarily due to continued revenue headwinds from Scout Investments. To address ongoing revenue and expense pressures, we remain focused on revenue growth but have increased attention on our expense structure as well. In the second quarter, we consolidated several customer-facing

lines of business—primarily in the bank—to more efficiently deliver our customer-service strategy. Additionally, we reorganized our technology, operations, and related support groups. These and related actions are a strategic first step to improve our efficiency ratio and are expected to provide an annualized cost savings of approximately $3.6 million. We have already begun to engage in additional planning and are committed to sharing details later in 2015.”

Net Interest Income and Margin

Net interest income for the second quarter of 2015 increased $11.2 million, or 13.0 percent, compared to the same period in 2014. Average earning assets increased $1.4 billion, or 10.0 percent, compared to the second quarter of 2014. This increase was primarily due to a $1.2 billion, or 17.0 percent, increase in average loans. Marquette added earning assets with an acquired value of $1.3 billion including loan balances with an acquired value of $980.3 million on May 31, 2015. Net interest margin increased six basis points to 2.59 percent for the three months ended June 30, 2015, compared to the same quarter in 2014.

Noninterest Income and Expense

Noninterest income decreased $14.5 million, or 10.8 percent, for the three months ended June 30, 2015, compared to the same period in 2014. This decrease is largely attributable to decreased trust and securities processing income of $6.0 million, or 8.1 percent, for the three months ended June 30, 2015, compared to the same period in 2014. This decrease in trust and securities processing income was primarily due to an $8.5 million, or 34.9 percent, decrease in advisory fee income from the Scout Funds. This decrease was offset by an increase in fees related to institutional and personal investment management services of $1.5 million, or 6.6 percent, an increase in fund administration and custody services of $0.5 million, or 2.2 percent, and an increase in corporate trust fees of $0.5 million, or 15.8 percent. Equity earnings on alternative investments decreased $4.6 million due to a decline in unrealized gains on Prairie Capital Management (PCM) equity method investments for the three months ended June 30, 2015, compared to the same period in 2014. Other noninterest income decreased $3.0 million primarily driven by a gain on the sale of a branch property of $2.8 million that was recorded in the second quarter of 2014.

Noninterest expense increased $5.8 million, or 3.5 percent, for the three months ended June 30, 2015, compared to the same period in 2014. Salary and benefits expense increased $10.1 million, or 11.2 percent, due to increases in salaries and wages of $7.4 million, or 13.4 percent, a $1.9 million, or 9.9 percent, increase in commissions and bonuses, and a $0.8 million, or 5.0 percent, increase in employee benefits expense. The acquisition of Marquette added approximately $3.4 million of salary and benefits expense for the second quarter of 2015. Equipment expense increased $2.5 million, or 19.3 percent, due to increased computer and hardware costs related to investments for regulatory requirements, cyber security and the ongoing modernization of our core systems. These increases were offset by a decrease in processing fees of $2.2 million, or 14.6 percent, due to decreased fees paid by the advisor to distributors of the Scout Funds. The second quarter of 2014 included an additional $5.3 million of contingency reserve expense related to the earn-out amount and related incentive bonus compensation for the employees of PCM that was not repeated in the second quarter of 2015. Total acquisition expenses recognized in noninterest expense during the second quarter totaled $0.7 million.

Balance Sheet

Average total assets for the three months ended June 30, 2015 were $17.4 billion compared to $15.6 billion for the same period in 2014, an increase of $1.8 billion, or 11.5 percent. Average earning assets increased by $1.4 billion for the period, or 10.0 percent.

Average loan balances for the three months ended June 30, 2015, increased $1.2 billion, or 17.0 percent, to $8.1 billion compared to the same period in 2014. Actual loan balances on June 30, 2015, were $8.9 billion, an increase of $2.0 billion, or 28.8 percent, compared to June 30, 2014. The overall actual loan increase at June 30, 2015 was driven by an increase in commercial real estate loans of $658.2 million, or 38.1 percent, a $593.3 million, or 16.8 percent, increase in commercial loans, a $211.3 million, or 100.0 percent, increase in asset-based loans, a $163.9 million, or 70.7 percent, increase in construction real estate loans, a $134.2 million, or 44.9 percent, increase in residential real estate loans, and a $109.2 million, or 100.0 percent, increase in factoring loans. A significant driver in

the increase in loans was the acquisition of Marquette and its loan portfolio with an acquired value of $980.3 million at May 31, 2015. These acquired Marquette loans and loans originated through the legacy Marquette channels had an actual balance at June 30, 2015 of $1.0 billion. This total includes $343.4 million in commercial real estate loans, $211.3 million in asset-based loans, $109.2 million in factoring loans, $105.7 million in commercial loans, and $98.3 million in residential real estate loans. The remaining increase in loans of $1.0 billion compared to June 30, 2014 is comprised of loans originated through the legacy UMB channels. This increase was primarily driven by an increase in commercial loans of $487.6 million and a $314.8 million increase in commercial real estate loans.

Nonperforming loans increased to $37.6 million on June 30, 2015, from $27.2 million on June 30, 2014. Nonperforming loans are defined as nonaccrual loans and restructured loans. As a percentage of loans, nonperforming loans increased to 0.42 percent as of June 30, 2015, compared to 0.39 percent on June 30, 2014. The company’s allowance for loan losses totaled $77.7 million, or 0.87 percent of loans, as of June 30, 2015, compared to $76.8 million, or 1.11 percent of loans, as of June 30, 2014.

For the three months ended June 30, 2015, average securities, including trading securities, totaled $7.4 billion. This is an increase of $442.3 million, or 6.3 percent, from the same period in 2014.

Average total deposits increased $1.1 billion, or 9.4 percent, to $13.4 billion for the three months ended June 30, 2015, compared to the same period in 2014. Deposit balances with an acquired value of $944.1 million at May 31, 2015 were acquired as part of the Marquette acquisition. Average noninterest-bearing demand deposits increased $351.4 million, or 6.8 percent, in the period compared to the same one in 2014. Average interest-bearing deposits increased by $798.1 million, or 11.2 percent, in the second quarter of 2015 as compared to the same period in 2014. Total actual deposits as of June 30, 2015, were $14.5 billion, compared to $12.2 billion as of June 30, 2014, a 19.1 percent increase. Also, for the three months ended June 30, 2015, average noninterest-bearing demand deposits were 41.0 percent of average total deposits.

As of June 30, 2015, UMB had total shareholders’ equity of $1.9 billion, an increase of 16.0 percent as compared to June 30, 2014. This increase is primarily attributable to the common stock issuance associated with the acquisition of Marquette of $179.7 million at May 31, 2015.

“The acquisition of Marquette furthers our strategy to shift the mix of earning assets,” said Brian Walker, Chief Financial Officer. “This continued shift, along with solid loan growth across our footprint, resulted in a 60.1 percent average loan-to-deposit ratio compared to 56.2 percent for the quarter ended June 30, 2014, and a net interest margin of 2.59 percent, an increase from 2.53 percent a year ago.”

Year-to-Date

Earnings for the six months ended June 30, 2015, were $64.0 million or $1.40 per share ($1.39 diluted). This is an increase of $5.9 million, or 10.1 percent, compared to earnings for the six months ended June 30, 2014, of $58.1 million or $1.30 per share ($1.28 diluted).

Net interest income for the six months ended June 30, 2015, increased $16.1 million, or 9.4 percent, compared to the same period in 2014. Net interest margin increased to 2.53 percent for the six months ended June 30, 2015, as compared to 2.45 percent for the same period in 2014.

Noninterest income decreased $12.2 million, or 4.8 percent, to $244.8 million for the six months ended June 30, 2015, as compared to the same period in 2014. The decrease in noninterest income is primarily driven by decreased trust and securities processing income of $10.2 million, or 7.1 percent. The decrease in trust and securities processing income was primarily due to a $17.4 million, or 35.2 percent, decrease in advisory fee income from the Scout Funds, partially offset by an increase of $3.7 million, or 8.1 percent, in fees related to institutional and personal investment management services and a $2.6 million, or 5.9 percent, increase in fund administration and custody services. Equity earnings on alternative investments decreased $8.0 million compared to the same period in 2014. Gains on securities available for sale of $8.3 million were recognized in the first six months of 2015 compared to $4.0 million for the same period in 2014, a $4.3 million increase.

Noninterest expense decreased $1.8 million, or 0.5 percent, for the six months ended June 30, 2015, compared to the same period in 2014. This decrease was driven by a $20.3 million contingency reserve expense recognized in 2014 in conjunction with the settlement agreement entered into on June 30, 2014, to resolve the PCM dispute. Of this amount $15.0 million was recognized in the first quarter of 2014 and $5.3 million was recognized in the second quarter of 2014. This decrease was largely offset by an increase in salaries and employee benefits of $19.7 million, or 11.0 percent, compared to the same period in 2014. The drivers of this increase include an increase in salary and wage expense of $12.2 million, or 11.3 percent, an increase in bonus and commission expense of $5.1 million, or 13.7 percent, and an increase in employee benefits expense of $2.4 million, or 7.2 percent. The acquisition of Marquette added approximately $3.4 million of salary and benefits expense for the first six months of 2015. Total acquisition expenses recognized in noninterest expense during the first six months of 2015 totaled $1.5 million.

Dividend Declaration

The Board of Directors declared during the company’s quarterly board meeting a $0.235 quarterly cash dividend, payable on Oct. 1, 2015, to shareholders of record at the close of business on Sept. 10, 2015.

Conference Call

The company plans to host a conference call to discuss its 2015 second quarter earnings results on July 29, 2015, at 8:30 a.m. (CDT).

Interested parties may access the call by dialing (toll-free) 877-267-8760 or (U.S.) 412-542-4148 and requesting to join the UMB Financial call. The live call can also be accessed by visiting the investor relations area of umbfinancial.com or by using the following the link:

UMB Financial 2Q 2015 Conference Call

A replay of the conference call may be heard through August 12, 2015, by calling (toll-free) 877-344-7529 or (U.S.) 412-317-0088. The replay pass code required for playback is 10068556. The call replay may also be accessed via the company’s website umbfinancial.com by visiting the investor relations area.

Forward-Looking Statements and Non-GAAP Reconciliation:

This release contains, and our other communications may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts—such as our statements about expected cost savings. Forward-looking statements often use words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “project,” “outlook,” “forecast,” “target,” “trend,” “plan,” “goal,” or other words of comparable meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our expectations, intentions, or forecasts about future events, circumstances, results, or aspirations. All forward-looking statements are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Our actual future objectives, strategies, plans, prospects, performance, condition, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events, circumstances, or aspirations to differ from those in forward-looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2014, our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the SEC. Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K, or other applicable document that is filed or furnished with the SEC.

In this release, we provide information using the tangible book value (TBV) of Marquette Financial Companies (MFC). This table is being provided as an update to materials furnished on December 15, 2014 in relation to our announcement of the agreement to acquire MFC. This information supplements the results that are reported according to generally accepted accounting principles (GAAP) and should not be viewed in isolation from, or as a substitute for, GAAP results. The difference between the TBV of MFC and the comparable GAAP measure is reconciled later in this release. We believe that this information and the reconciliation may be useful to investors because TBV is commonly used by investors as an additional measure of a company’s total value and the strength and adequacy of its capital-management strategies.

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors. For more information, visit umb.com, umbfinancial.com, blog.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)

	June 30,
	2015			2014
Assets
Loans	$	8,916,128		$	6,920,683
Allowance for loan losses		(77,721	)		(76,802	)
Net loans		8,838,407			6,843,881
Loans held for sale		2,819			3,156
Investment securities:
Available for sale		6,925,115			6,700,623
Held to maturity		446,881			238,799
Trading securities		36,616			26,484
Other securities		77,800			67,527
Total investment securities		7,486,412			7,033,433
Federal funds and resell agreements		91,326			82,652
Interest-bearing due from banks		698,940			255,453
Cash and due from banks		490,171			639,878
Bank premises and equipment, net		279,996			250,655
Accrued income		84,979			73,805
Goodwill		228,217			209,758
Other intangibles		53,649			49,888
Other assets		163,811			120,131
Total assets	$	18,418,727		$	15,562,690
Liabilities
Deposits:
Noninterest-bearing demand	$	5,887,525		$	5,399,733
Interest-bearing demand and savings		7,303,306			5,754,573
Time deposits under $100,000		479,820			442,361
Time deposits of $100,000 or more		825,995			577,622
Total deposits		14,496,646			12,174,289
Federal funds and repurchase agreements		1,774,435			1,607,294
Long-term debt		88,346			5,745
Accrued expenses and taxes		155,246			131,996
Other liabilities		46,998			42,024
Total liabilities		16,561,671			13,961,348
Shareholders’ Equity
Common stock		55,057			55,057
Capital surplus		1,009,965			887,086
Retained earnings		1,005,563			922,268
Accumulated other comprehensive (loss) income		(2,141	)		16,901
Treasury stock		(211,388	)		(279,970	)
Total shareholders’ equity		1,857,056			1,601,342
Total liabilities and shareholders’ equity	$	18,418,727		$	15,562,690

Consolidated Statements of Income	UMB Financial Corporation
(unaudited, dollars in thousands except share and per share data)

	Three Months Ended					Six Months Ended
	June 30,					June 30,
	2015			2014		2015			2014
Interest Income
Loans	$	71,396		$	60,309	$	135,628		$	119,209
Securities:
Taxable interest		19,163			19,021		37,971			37,982
Tax-exempt interest		10,607			9,798		20,522			19,705
Total securities income		29,770			28,819		58,493			57,687
Federal funds and resell agreements		151			46		202			79
Interest-bearing due from banks		434			466		1,286			1,589
Trading securities		133			149		228			272
Total interest income		101,884			89,789		195,837			178,836
Interest Expense
Deposits		3,522			3,092		6,570			6,151
Federal funds and repurchase agreements		470			454		962			935
Other		532			73		587			135
Total interest expense		4,524			3,619		8,119			7,221
Net interest income		97,360			86,170		187,718			171,615
Provision for loan losses		5,000			5,000		8,000			9,500
Net interest income after provision for loan losses		92,360			81,170		179,718			162,115
Noninterest Income
Trust and securities processing		67,381			73,357		134,680			144,920
Trading and investment banking		5,568			6,409		11,690			10,732
Service charges on deposits		21,625			20,627		43,166			42,185
Insurance fees and commissions		586			732		1,156			1,335
Brokerage fees		2,936			3,075		5,790			4,890
Bankcard fees		18,035			17,185		34,218			32,808
Gains on sale of securities available for sale, net		967			2,569		8,303			4,039
Equity (loss) earnings on alternative investments		(1,125	)		3,462		(1,967	)		5,992
Other		3,577			6,585		7,721			10,064
Total noninterest income		119,550			134,001		244,757			256,965
Noninterest Expense
Salaries and employee benefits		99,585			89,532		198,122			178,413
Occupancy, net		10,312			9,705		20,322			19,410
Equipment		15,410			12,920		29,582			25,583
Supplies, postage and telephone		4,603			5,554		8,928			10,191
Marketing and business development		6,530			6,307		11,148			10,909
Processing fees		12,654			14,817		25,437			28,468
Legal and consulting		5,917			4,632		10,295			8,004
Bankcard		4,953			4,997		9,721			8,685
Amortization of other intangibles		2,569			3,074		5,324			6,176
Regulatory fees		2,873			2,709		5,629			5,225
Contingency reserve		—			5,272		—			20,272
Other		6,558			6,682		11,869			16,796
Total noninterest expense		171,964			166,201		336,377			338,132
Income before income taxes		39,946			48,970		88,098			80,948
Income tax provision		9,732			14,298		24,119			22,863
Net income	$	30,214		$	34,672	$	63,979		$	58,085
Per Share Data
Net income - basic	$	0.65		$	0.77	$	1.40		$	1.30
Net income - diluted		0.65			0.76		1.39			1.28
Dividends		0.235			0.225		0.470			0.450
Weighted average shares outstanding		46,240,869			44,823,370		45,624,276			44,782,944
Weighted average shares outstanding - diluted		46,611,096			45,421,148		46,029,978			45,409,289

Consolidated Statements of Comprehensive Income	UMB Financial Corporation
(unaudited, dollars in thousands, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Net Income	$	30,214		$	34,672		$	63,979		$	58,085
Other comprehensive income, net of tax:
Unrealized (losses) gains on securities:
Change in unrealized holding (losses) gains, net		(45,553	)		50,910			(12,877	)		83,369
Less: Reclassifications adjustment for gains included in net income		(967	)		(2,569	)		(8,303	)		(4,039	)
Change in unrealized (losses) gains on securities during the period		(46,520	)		48,341			(21,180	)		79,330
Income tax benefit (expense)		17,569			(18,143	)		8,033			(29,789	)
Other comprehensive (loss) income		(28,951	)		30,198			(13,147	)		49,541
Comprehensive income	$	1,263		$	64,870		$	50,832		$	107,626

Consolidated Statements of Shareholders’ Equity	UMB Financial Corporation
(unaudited, dollars in thousands, except per share data)

	Common Stock		Capital Surplus			Retained Earnings			Accumulated Other Comprehensive Income (Loss)			Treasury Stock			Total
Balance - January 1, 2014	$	55,057	$	882,407		$	884,630		$	(32,640	)	$	(283,389	)	$	1,506,065
Total comprehensive income		—		—			58,085			49,541			—			107,626
Cash dividends ($0.45 per share)		—		—			(20,447	)		—			—			(20,447	)
Purchase of treasury stock		—		—			—			—			(3,165	)		(3,165	)
Issuance of equity awards		—		(3,395	)		—			—			3,865			470
Recognition of equity based compensation		—		4,733			—			—			—			4,733
Net tax benefit related to equity compensation plans		—		1,202			—			—			—			1,202
Sale of treasury stock		—		300			—			—			159			459
Exercise of stock options		—		1,839			—			—			2,560			4,399
Balance - June 30, 2014	$	55,057	$	887,086		$	922,268		$	16,901		$	(279,970	)	$	1,601,342
Balance - January 1, 2015	$	55,057	$	894,602		$	963,911		$	11,006		$	(280,818	)	$	1,643,758
Total comprehensive income (loss)		—		—			63,979			(13,147	)		—			50,832
Cash dividends ($0.47 per share)		—		—			(22,327	)		—			—			(22,327	)
Purchase of treasury stock		—		—			—			—			(5,379	)		(5,379	)
Issuance of equity awards		—		(5,509	)		—			—			5,969			460
Recognition of equity based compensation		—		5,779			—			—			—			5,779
Net tax benefit related to equity compensation plans		—		664			—			—			—			664
Sale of treasury stock		—		306			—			—			197			503
Exercise of stock options		—		1,488			—			—			1,541			3,029
Common stock issuance for acquisition		—		112,635			—			—			67,102			179,737
Balance - June 30, 2015	$	55,057	$	1,009,965		$	1,005,563		$	(2,141	)	$	(211,388	)	$	1,857,056

Average Balances / Yields and Rates	UMB Financial Corporation
(tax - equivalent basis)
(unaudited, dollars in thousands)

	Three Months Ended June 30,
	2015						2014
	Average Balance			Average Yield/Rate			Average Balance			Average Yield/Rate
Assets
Loans, net of unearned interest	$	8,071,991			3.55	%	$	6,897,840			3.51	%
Securities:
Taxable		4,974,668			1.55			4,836,080			1.58
Tax-exempt		2,407,759			2.72			2,104,368			2.88
Total securities		7,382,427			1.93			6,940,448			1.97
Federal funds and resell agreements		69,053			0.88			32,692			0.56
Interest-bearing due from banks		414,446			0.42			619,094			0.30
Trading securities		37,063			1.70			36,785			1.80
Total earning assets		15,974,980			2.70			14,526,859			2.63
Allowance for loan losses		(77,667	)					(75,929	)
Other assets		1,515,687						1,167,262
Total assets	$	17,413,000					$	15,618,192
Liabilities and Shareholders’ Equity
Interest-bearing deposits	$	7,924,696			0.18	%	$	7,126,614			0.17	%
Federal funds and repurchase agreements		1,715,836			0.11			1,592,986			0.11
Borrowed funds		49,827			4.28			5,771			5.07
Total interest-bearing liabilities		9,690,359			0.19			8,725,371			0.17
Noninterest-bearing demand deposits		5,504,333						5,152,980
Other liabilities		473,676						154,229
Shareholders’ equity		1,744,632						1,585,612
Total liabilities and shareholders’ equity	$	17,413,000					$	15,618,192
Net interest spread					2.51	%					2.46	%
Net interest margin					2.59						2.53
	Six Months Ended June 30,
	2015						2014
	Average Balance			Average Yield/Rate			Average Balance			Average Yield/Rate
Assets
Loans, net of unearned interest	$	7,772,709			3.52	%	$	6,788,991			3.54	%
Securities:
Taxable		4,921,907			1.56			4,861,475			1.58
Tax-exempt		2,331,422			2.73			2,107,119			2.90
Total securities		7,253,329			1.93			6,968,594			1.98
Federal funds and resell agreements		51,793			0.79			29,939			0.53
Interest-bearing due from banks		759,238			0.34			1,154,811			0.28
Trading securities		33,661			1.76			37,682			1.63
Total earning assets		15,870,730			2.63			14,980,017			2.55
Allowance for loan losses		(77,124	)					(75,466	)
Other assets		1,330,476						1,160,124
Total assets	$	17,124,082					$	16,064,675
Liabilities and Shareholders’ Equity
Interest-bearing deposits	$	7,764,368			0.17	%	$	7,545,182			0.16	%
Federal funds and repurchase agreements		1,713,386			0.11			1,630,169			0.12
Borrowed funds		29,193			4.05			5,738			4.74
Total interest-bearing liabilities		9,506,947			0.17			9,181,089			0.16
Noninterest-bearing demand deposits		5,582,180						5,160,206
Other liabilities		325,066						156,608
Shareholders’ equity		1,709,889						1,566,772
Total liabilities and shareholders’ equity	$	17,124,082					$	16,064,675
Net interest spread					2.46	%					2.39	%
Net interest margin					2.53						2.45

SECOND QUARTER 2015
FINANCIAL HIGHLIGHTS	UMB Financial Corporation
(unaudited, dollars in thousands, except share and per share data)

Six Months Ended June 30	2015			2014
Net interest income	$	187,718		$	171,615
Provision for loan losses		8,000			9,500
Noninterest income		244,757			256,965
Noninterest expense		336,377			338,132
Income before income taxes		88,098			80,948
Net income		63,979			58,085
Net income per share - Basic		1.40			1.30
Net income per share - Diluted		1.39			1.28
Return on average assets		0.75	%		0.73	%
Return on average equity		7.55	%		7.48	%
Three Months Ended June 30
Net interest income	$	97,360		$	86,170
Provision for loan losses		5,000			5,000
Noninterest income		119,550			134,001
Noninterest expense		171,964			166,201
Income before income taxes		39,946			48,970
Net income		30,214			34,672
Net income per share - Basic		0.65			0.77
Net income per share - Diluted		0.65			0.76
Return on average assets		0.70	%		0.89	%
Return on average equity		6.95	%		8.77	%
At June 30
Assets	$	18,418,727		$	15,562,690
Loans, net of unearned interest		8,916,128			6,920,683
Securities		7,486,412			7,033,433
Deposits		14,496,646			12,174,289
Shareholders’ equity		1,857,056			1,601,342
Book value per share		37.68			35.21
Market price per share		57.02			63.39
Equity to assets		10.08	%		10.29	%
Allowance for loan losses	$	77,721		$	76,802
As a % of loans		0.87	%		1.11	%
Nonaccrual and restructured loans	$	37,649		$	27,175
As a % of loans		0.42	%		0.39	%
Loans over 90 days past due	$	7,645		$	4,522
As a % of loans		0.09	%		0.07	%
Other real estate owned	$	2,553		$	1,455
Net loan charge-offs quarter-to-date	$	4,758		$	3,713
As a % of average loans		0.24	%		0.22	%
Net loan charge-offs year-to-date	$	6,419		$	7,449
As a % of average loans		0.17	%		0.22	%
Common shares outstanding		49,288,971			45,475,197
Average Balances Six Months Ended June 30
Assets	$	17,124,082		$	16,064,675
Loans, net of unearned interest		7,772,709			6,788,991
Securities		7,286,990			7,006,276
Deposits		13,346,548			12,705,388
Shareholders’ equity		1,709,889			1,566,772

Business Segment Information	UMB Financial Corporation
(unaudited, dollars in thousands)

	Three Months Ended June 30, 2015
	Bank		Payment Solutions		Institutional Investment Management			Asset Servicing		Total
Net interest income	$	82,758	$	13,599	$	—		$	1,003	$	97,360
Provision for loan losses		2,612		2,388		—			—		5,000
Noninterest income		47,548		23,293		25,684			23,025		119,550
Noninterest expense		107,293		26,399		18,285			19,987		171,964
Income before taxes		20,401		8,105		7,399			4,041		39,946
Income tax expense		4,915		2,046		1,785			986		9,732
Net income	$	15,486	$	6,059	$	5,614		$	3,055	$	30,214
Average assets	$	13,423,000	$	2,980,000	$	70,000		$	940,000	$	17,413,000
	Three Months Ended June 30, 2014
	Bank		Payment Solutions		Institutional Investment Management			Asset Servicing		Total
Net interest income	$	72,481	$	12,390	$	(1	)	$	1,300	$	86,170
Provision for loan losses		2,686		2,314		—			—		5,000
Noninterest income		56,024		21,201		33,999			22,777		134,001
Noninterest expense		100,788		24,506		22,053			18,854		166,201
Income before taxes		25,031		6,771		11,945			5,223		48,970
Income tax expense		7,482		1,931		3,389			1,496		14,298
Net income	$	17,549	$	4,840	$	8,556		$	3,727	$	34,672
Average assets	$	12,008,000	$	2,148,000	$	69,000		$	1,393,000	$	15,618,000
	Six Months Ended June 30, 2015
	Bank		Payment Solutions		Institutional Investment Management			Asset Servicing		Total
Net interest income	$	158,085	$	27,632	$	1		$	2,000	$	187,718
Provision for loan losses		4,211		3,789		—			—		8,000
Noninterest income		99,099		46,432		52,768			46,458		244,757
Noninterest expense		207,861		51,062		36,227			41,227		336,377
Income before taxes		45,112		19,213		16,542			7,231		88,098
Income tax expense		12,313		5,373		4,511			1,922		24,119
Net income	$	32,799	$	13,840	$	12,031		$	5,309	$	63,979
Average assets	$	13,089,000	$	3,031,000	$	72,000		$	932,000	$	17,124,000
	Six Months Ended June 30, 2014
	Bank		Payment Solutions		Institutional Investment Management			Asset Servicing		Total
Net interest income	$	143,602	$	24,778	$	(3	)	$	3,238	$	171,615
Provision for loan losses		5,112		4,388		—			—		9,500
Noninterest income		103,458		41,420		68,094			43,993		256,965
Noninterest expense		208,337		45,453		47,943			36,399		338,132
Income before taxes		33,611		16,357		20,148			10,832		80,948
Income tax expense		9,801		4,524		5,532			3,006		22,863
Net income	$	23,810	$	11,833	$	14,616		$	7,826	$	58,085
Average assets	$	12,204,000	$	2,023,000	$	71,000		$	1,767,000	$	16,065,000

Non-GAAP Reconciliation Schedule	UMB Financial Corporation
(unaudited, dollars in thousands)

Price to MFC Tangible Book Value at May 31, 2015
GAAP Total Shareholders’ Equity (1)	$	127,277
Deduct: Goodwill and Other Intangibles		(7,626	)
Tangible Book Value	$	119,651
Total Consideration (2)	$	179,737
Price to Tangible Book Value		150	%
Price to GAAP Total Shareholders’ Equity		141	%

(1) Source: MFC financial statements as of May 31, 2015.

(2) Based on UMBF 05/29/15 closing price per share of $51.79 and consideration of 3.47 million shares of UMBF stock, subject to post-closing adjustments.

EX-99.2

Strength in Balance.

July 28, 2015

UMB Financial

Exhibit 99.2

2

Cautionary Notice about Forward-Looking Statements

This presentation contains, and our other communications may contain, forward-looking statements within the meaning of the Private

Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or

current facts—such as our statements about expected cost savings. Forward-looking statements often use words such as “believe,”

“expect,” “anticipate,” “intend,” “estimate,” “project,” “outlook,” “forecast,” “target,” “trend,” “plan,” “goal,” or other words of comparable

meaning or future-tense or conditional verbs such as “may,” “will,” “should,” “would,” or “could.” Forward-looking statements convey our

expectations, intentions, or forecasts about future events, circumstances, results, or aspirations.

All forward-looking statements are subject to assumptions, risks, and uncertainties, which may change over time and many of which are

beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Our actual future

objectives, strategies, plans, prospects, performance, condition, or results may differ materially from those set forth in any forward-

looking

statement.

Some

of

the

factors

that

may

cause

actual

results

or

other

future

events,

circumstances,

or

aspirations

to

differ

from

those in forward-looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2014, our

subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished

with the Securities and Exchange Commission (SEC).

Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update

any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was

made. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any

subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form 8-K, or other applicable document

that is filed or furnished with the SEC.

2Q 2015 Performance Highlights

$ in thousands, except per-share data; unaudited

4

2Q'15

2Q'14

1Q'15

vs. 2Q'14

vs. 1Q'15

Net Interest Income

97,360

$     

86,170

$     

90,358

$     

13.0

7.7

Noninterest Income

119,550

134,001

125,207

(10.8)

(4.5)

Pre-Provision Net Revenue

216,910

220,171

215,565

(1.5)

0.6

Noninterest Expense

171,964

166,201

164,413

3.5

4.6

Income Before Provision & Taxes

44,946

53,970

51,152

(16.7)

(12.1)

Provision for loan losses

5,000

5,000

3,000

-

66.7

Income before Taxes

39,946

48,970

48,152

(18.4)

(17.0)

Income Tax Provision

9,732

14,298

14,387

(31.9)

(32.4)

Net Income

30,214

$     

34,672

$     

33,765

$     

(12.9)

(10.5)

Diluted EPS

0.65

$        

0.76

$        

0.74

$        

(14.5)

(12.2)

Dividends per share

0.235

0.225

0.235

4.4

0.0

WASO (diluted)

46,611,096

45,421,148

45,437,654

2.6

2.6

% variance

Earnings Summary – 2Q 2015

Key Performance Metrics

5

*Tier 1 Capital calculated under Basel III requirements beginning in 1Q’15.

2Q'15

1Q'15

4Q'14

3Q'14

2Q'14

ROAE

6.95%

8.18%

6.47%

8.77%

8.77%

ROAA

0.70%

0.81%

0.66%

0.90%

0.89%

Efficiency Ratio

76.41%

75.67%

77.46%

72.25%

73.18%

Net Interest Margin

2.59%

2.46%

2.52%

2.53%

2.53%

Noninterest Income % of revenue

55.1%

58.1%

55.9%

59.1%

60.9%

Avg. Loan/Deposit Ratio

60.1%

56.3%

57.0%

55.9%

56.2%

Assets Under Mgmt. (billions)

42.5

$ 

42.3

$  

42.8

$  

42.1

$  

43.7

$  

Tier 1 Capital Ratio

12.77%*

12.91%*

13.29%

13.72%

13.81%

Diluted EPS

0.65

$ 

0.74

$  

0.59

$  

0.78

$  

0.76

$  

Select Balance Sheet Items

6

$ in thousands, average balances; unaudited

Three Months Ended

vs. June '14

vs. Mar '15

Avg. Balance

Avg. Balance

Avg. Balance

Assets

Loans, net of unearned interest

8,071,991

$ 

3.55

6,897,840

$ 

3.51

7,470,101

$ 

3.49

17.0

8.1

Total securities

7,419,490

1.93

6,977,233

1.97

7,153,018

1.94

6.3

3.7

Total earning assets

15,974,980

2.70

14,526,859

2.63

15,765,321

2.56

10.0

1.3

Allowance for loan losses

(77,667)

(75,929)

(76,574)

2.3

1.4

Total assets

17,413,000

$

15,618,192

$

16,831,955

$

11.5

3.5

Liabilities and Shareholders' Equity

Interest-bearing deposits

7,924,696

$ 

0.18

7,126,614

$ 

0.17

7,602,258

$ 

0.16

11.2

4.2

Total interest-bearing liabilities

9,690,359

0.19

8,725,371

0.17

9,321,497

0.16

11.1

4.0

Noninterest-bearing demand deposits

5,504,333

5,152,980

5,660,893

6.8

(2.8)

Shareholders' Equity

1,744,632

1,585,612

1,674,761

10.0

4.2

Total liabilities and shareholders' equity

17,413,000

$

15,618,192

$

16,831,955

$

11.5

3.5

Net interest spread

2.51

2.46

2.40

Net interest margin

2.59

2.53

2.46

% variance

June 30, 2015

June 30, 2014

March 31, 2015

Avg Yield

/ Rate %

Avg Yield

/ Rate %

Avg Yield

/ Rate %

Consistent Loan Growth

7

End-of-Period Total Loans

*On May 31, 2015, we closed the acquisition of Marquette Financial Companies and loans with an acquired value of $980.3 million were added to

the UMB portfolio. At June 30, the acquired loans plus production in the legacy Marquette channels totaled $1.0 billion.

*

$7.5

2Q’15

Total Loans

+28.8%

vs. 2Q’14

$4.4

$4.7

$5.3

$6.3

$6.9

$8.9

UMBF

UMB and Marquette Loans

8

$8.9

Legacy Marquette

Loans

(000s)

June 30, 2014

March 31, 2015

May 31, 2015*

June 30, 2015

vs. June '14

vs. Mar '15

vs. May '15

Legacy UMB Loans

6,920,683

7,498,308

-

7,916,178

14.4%

5.6%

n/a

Legacy Marquette Loans

-

-

980,250

999,950

n/a

n/a

2.0%

Total

6,920,683

7,498,308

n/a

8,916,128

28.8%

18.9%

*acquisition value of Marquette loans at close

Legacy UMB           

Loans

$7.9

$6.9

$7.5

2Q'14

1Q'15

2Q'15

Legacy UMB

Legacy Marquette

$1.0

Quality Credit Metrics

Net Charge-Offs

$000’s

9

Nonperforming Loans

$000’s

$3,713

$3,985

$4,176

$1,661

$4,758

0.22%

0.23%

0.23%

0.09%

0.24%

2Q'14

3Q'14

4Q'14

1Q'15

2Q'15

NCOs/Avg. Loans

$27,175

$32,662

$27,382

$29,187

$37,649

0.39%

0.46%

0.37%

0.39%

0.42%

2Q'14

3Q'14

4Q'14

1Q'15

2Q'15

Nonperforming Loans

NPLs/Loans

Net Charge-offs

2

Quarter 2015

Average Balance, AFS:

$6.9 billion

Average Yield:

1.81%

Investment Mix

Securities Available for Sale

$6.9 billion June 30, 2015

Agencies

High Quality Investment Portfolio

10

Corporates

Municipals

Mortgage-Backed Securities

Treasuries

AFS Portfolio Statistics

Roll off

Purchased

($ millions)

Yield

($ millions)

Yield

3Q'14

$244

1.98%

$311

1.45%

4Q'14

$285

2.12%

$382

1.55%

1Q'15

$333

2.02%

$709

1.89%

2Q'15

$299

1.98%

$498

1.90%

Scheduled Cash Flow

3Q'15

$247

1.76%

Next 12 months

$1,267

1.53%

Duration/Life

(in months)

at 06/30/15

at 03/31/15

Avg. Life Total

45.83

43.67

Duration Total

39.29

37.57

Securities Gains

$ in thousands

2Q'14

2,569

$          

3Q'14

26

$               

4Q'14

62

$               

1Q'15

7,336

$          

2Q'15

967

$             

50.9%

31.1%

11.7%

5.1%

1.2%

nd

38.5%

40.8%

41.7%

44.4%

40.6%

$0.0

$3.0

$6.0

$9.0

$12.0

$15.0

Deposit Growth

Deposits & Percent of Free Funds

Actual EOP Balances; $ billions

11

2Q 2015

Cost of Interest-Bearing Liabilities   0.19%

Including DDA   0.12%

$9.9

$11.7

$10.3

$12.2

$14.5

Interest Bearing

Non-Interest Bearing

11.92

14.43

14.04

13.77

11.05

13.61

13.29

12.77

6.81

8.41

8.72

9.56

12.64

2012

2013

2014

2Q'15*

13.07%

12.64%

Industry

Median

Common Equity Tier 1 Ratio vs. Industry

2Q 2015

12

$1.05

$1.74

2Q'10

2Q'15

Average Equity

($ billions)

Capital Ratio Trends

Industry Median as of 1Q15; Source: SNL Financial

*2Q’15 ratios calculated under Basel III requirements

Total Risk-Based Capital

Tier 1 Capital

Tier 1 Leverage

Common Equity Tier 1

Balance Sheet – Strong Capital Position

Noninterest Income

13

Noninterest income decreased $14.5

million, or 10.8%, compared to 2Q’14

Trust and securities processing

income fell by $6 million, or 8.1%, to

$67.4 million

Equity earnings on alternative

investments decreased $4.6 million

compared  to 2Q’14, due to a decline

in unrealized gains on PCM equity

method investments

“Other” noninterest income decreased

$3.0 million, due primarily to a gain on

the sale of a branch property of $2.8

million recorded in 2Q’14

Gains on sales of securities of $967

thousand represented a decrease of

$1.6 million compared to 2Q’14

2

nd

Quarter ‘15 Highlights

000's

2Q'15

1Q'15

4Q'14

3Q'14

2Q'14

Trust and securities processing

67,381

67,299

69,072

74,062

73,357

Trading and investment banking

5,568

6,122

4,840

3,826

6,409

Service charges on deposits

21,625

21,541

21,480

21,634

20,627

Insurance fees and commisions

586

570

765

911

732

Brokerage fees

2,936

2,854

2,595

3,276

3,075

Bankcard fees

18,035

16,183

17,321

17,121

17,185

Gains on sales of securities

967

7,336

62

26

2,569

Equity earnings on alt. investments

(1,125)

(842)

(4,487)

2,470

3,462

Other

3,577

4,144

3,600

3,149

6,585

    Total noninterest income

119,550

$

125,207

$

115,248

$

126,475

$

134,001

$

Bankcard Fees

Trust & Securities Processing Revenue

Trust & Securities Processing Composition:

Deposit Service Charges

Trust & Securities Processing

Brokerage

Fees

Trading & Investment Banking

Other

Gains on Sale of Securities

($ millions)

Insurance Fees

14

Source of income:

2Q'15

2Q'14

Institutional

Investment Mgmt.

$25.7

$33.8

Asset

Servicing

$22.9

$22.4

Bank (inst. & personal asset mgmt.)

$18.8

$17.2

$67.4

$73.4

Excludes ($1.1MM) from Equity Earnings on Alternative Investments, which represents (0.9%) of noninterest income

$38.6

$53.6

$55.8

$63.5

$73.4

$67.4

56.4%

18.1%

15.1%

4.6%

3.0%

2.4%

0.8%

0.5%

Noninterest Income Composition – 2Q 2015

Noninterest Expense

15

Noninterest expense increased  $5.8

million, or 3.5%, compared to 2Q’14.

Salaries and employee benefits expense

increased $10.1 million, or 11.2%, year-

over-year; Marquette added approximately

$3.4 million in 2Q’15

Equipment expense increased $2.5 million,

or 19.3%, due to software maintenance and

amortization expense

Regulatory environment

Cyber security

Modernization of systems

Processing fees decreased 14.6% or $2.2

million, primarily due to lower fees paid to

the distributors of the Scout Funds

2Q’14 included $5.3 million of contingency

reserve expense related to the earn-out

amount and related incentive bonus

compensation for PCM employees

2

nd

Quarter ’15 Highlights

000's

2Q'15

1Q'15

4Q'14

3Q'14

2Q'14

Salaries and employee benefits

99,585

98,537

90,115

90,041

89,532

Occupancy, net

10,312

10,010

10,312

10,475

9,705

Equipment

15,410

14,172

14,618

13,408

12,920

Supplies, postage and telephone

4,603

4,325

5,403

4,817

5,554

Marketing and business dev

6,530

4,618

7,182

6,057

6,307

Processing fees

12,654

12,783

13,496

14,085

14,817

Legal and consulting 

5,917

4,378

7,907

4,496

4,632

Bankcard

4,953

4,768

6,812

4,097

4,997

Amortization of other intangibles

2,569

2,755

2,974

3,043

3,074

Regulatory fees

2,873

2,756

2,643

2,577

2,709

Contingency reserve

-

-

-

-

5,272

Other

6,558

5,311

5,251

8,365

6,682

    Total noninterest expense

171,964

$

164,413

$

166,713

$

161,461

$

166,201

$

Prairie Capital Management Summary

16

Select Components of Noninterest Income and Expense Related to PCM

***Represents contingent consideration changes related to the settlement agreement for specific private equity funds.

**Represents contingent consideration changes related to operational performance and hedge fund performance fees.

*  Represents a contingency reserve related to the calculation of the earn-out amount and related incentive bonus compensation

to PCM employees. A settlement agreement was executed on June 30, 2014 and subsequent entries are included in the

Contingent

Consideration

Expense

–

Private

Equity

Unrealized

Gains

(or

Losses)

(unaudited)

2Q'14

1Q'15

2Q'15

Related Component of Noninterest Income - Equity Earnings on Alternative Investments

Hedge Fund Performance Fees / Investment Returns

(2)

15,559

223,789

Private Equity Unrealized Gains (or Losses)

3,461,584

(857,783)

(1,348,228)

Equity Earnings on Alternative Investments

3,461,582

(842,224)

(1,124,439)

Related Components of Noninterest Expense - Contingency Reserve Expense and Other

Contingency Reserve Expense*

(5,272,422)

-

-

Other - Contingent Consideration Expense - PCM Purchase Agreement**

(196,251)

262,802

(56,241)

Other - Contingent Consideration Expense - Private Equity Unrealized (Gains) or Losses***

-

772,005

1,213,405

Sum of These Components of Noninterest Expense

(5,468,673)

1,034,807

1,157,164

Business Segment Updates -

2Q 2015

Bank 

18

Loans at June 30, 2015 stood at $8.9 billion, an increase of 28.8% year-over-year

Total deposits at June 30 increased 19.1% vs. a year ago to $14.5 billion

Private banking average loans increased 32.2% year-over-year to $475.7 million

HELOC’s continue to grow, standing at $698.8 million, a 16.6% increase vs. June 30, 2014

Highlights

Segment

Results

$

in

000s,

unaudited

3 mos Ended

% Change

3 mos Ended

% Change

June 30,

Y/Y

March 31,

LQ

2015

2014

2015

$    82,758

$    72,481

14.2%

$        75,327

9.9%

2,612

2,686

-2.8%

1,600

63.3%

47,548

56,024

-15.1%

51,551

-7.8%

107,293

100,788

6.5%

100,748

6.5%

20,401

25,031

-18.5%

24,530

-16.8%

4,915

7,482

-34.3%

7,344

-33.1%

Net income

$    15,486

$    17,549

-11.8%

$        17,186

-9.9%

pre-tax profit margin

15.7%

19.5%

19.3%

42.6%

49.9%

53.0%

51.5%

46.8%

2.4%

3.4%

4.4%

28.3%

25.4%

24.8%

25.0%

26.8%

4.2%

3.7%

3.9%

4.3%

4.9%

10.6%

10.5%

9.0%

8.7%

7.8%

6.7%

6.0%

4.9%

4.4%

3.2%

2.8%

1.0%

0.9%

1.0%

1.1%

2Q'11

2Q'12

2Q'13

2Q'14

2Q'15

Bank –

Loan Composition

19

Diverse Loan Book

(Actual Loan Balances at June 30)

$4.7B

$5.3B

$6.3B

$6.9B

$8.9B

Commercial Credit Card

Commercial & Industrial*

HELOC

Residential Real Estate

Real Estate Construction

Commercial Real Estate

Consumer Credit Card

Consumer Other

1.4%

1.2%

1.7%

1.7%

1.8%

1.5%

2.0%

2.8%

2.0%

Factoring Loans

Asset Based Loans

*Includes Leases

Bank –Lending

High Growth Regions

2Q’15 vs. 2Q’14

20

Texas +96%

Kansas +22%

Arizona +32%

Loans by Region

(Actual Loan Balances at June 30)

$111.4

$205.8

$109.1

$145.9

$146.1

$189.2

$229.8

$201.8

$88.5

$223.1

$4.7B

$5.3B

$6.3B

$6.9B

$8.9B

Colorado

Kansas City

Kansas

Greater MO

St. Louis

Arizona

Texas

Oklahoma

Marquette Transportation Fin (Natl. Sales)

Nebraska

Marquette Business Credit (Natl. Sales)

$219.4

$107.4

** Arizona loan balances include $448.2MM legacy UMB loans and $346.1MM legacy Marquette loans.

* Texas loan balances include $173.8 MM legacy UMB loans and $327.1MM legacy Marquette loans.

*

**

$2,353.4

$2,544.3

$2,913.9

$3,127.3

$3,559.0

$582.2

$730.2

$899.6

$979.0

$1,023.7

$460.9

$557.3

$723.2

$748.9

$889.9

$340.1

$794.3

$503.0

$509.3

$591.1

$637.9

$692.0

$405.5

$404.6

$437.0

$452.2

$550.7

$277.9

$355.1

$345.0

$355.7

2Q'11

2Q'12

2Q'13

2Q'14

2Q'15

$500.9

30.7%

34.1%

27.2%

33.6%

33.5%

33.4%

31.7%

27.6%

25.9%

24.8%

7.4%

8.2%

7.9%

3.8%

4.7%

6.2%

7.4%

8.2%

8.9%

14.1%

7.6%

6.7%

6.3%

7.6%

7.0%

7.2%

6.0%

5.8%

11.5%

7.2%

7.4%

5.4%

4.3%

4.2%

4.7%

4.5%

4.6%

3.6%

2Q'11

2Q'12

2Q'13

2Q'14

2Q'15

21

Diverse Sources of Deposits

(Actual Deposits at June 30)

$9.9B

$10.3B

$11.7B

$12.2B

$14.5B

Commercial

Asset Servicing

Healthcare

Small Business

Other

2.6%

1.9%

0.1%

1.3%

1.3%

0.1%

1.8%

Personal Banking - Consumer

Institutional - IAM

Institutional - IBIS

Personal Banking - Private Wealth

Bank – Deposits

$5,366

$6,390

$7,044

$7,610

$8,370

$2,035

$2,219

$2,853

$3,603

$3,677

$188

$226

$351

$419

$432

2011

2012

2013

2014

2Q'15

Prairie Capital Management

Brokerage

22

$7.6B

$8.8B

$10.2B

$11.6B

$12.5B

$1.1B

$1.2B

$1.2B

$1.4B

$1.5B

Home Equity Lines of Credit

$ in millions

Assets Under Management

$ in millions

Bank –

Asset Mgmt. & Home

Equity Lending

*

*Includes $736.4 million from Marquette Asset Management

$533

$574

$566

$644

$699

$559

$608

$663

$755

$836

48.8%

48.5%

46.1%

46.0%

45.5%

2011

2012

2013

2014

2Q'15

Balances

Unused Commitments

Utilization

Personal Banking - Private Wealth & Institutional - IAM

Institutional Investment Management

23

Highlights

Institutional Investment Management Segment Results

$ in 000s, unaudited

3 mos Ended

% Change

3 mos Ended

% Change

June 30,

Y/Y

March 31,

LQ

2015

2014

2015

Net Interest income

$            -

$           (1)

100.0%

$                1

-100.0%

Noninterest income

25,684

33,999

-24.5%

27,084

-5.2%

Noninterest expense

18,285

22,053

-17.1%

17,973

1.7%

NI before taxes

7,399

11,945

-38.1%

9,112

-18.8%

Income tax provision

1,785

3,389

-47.3%

2,717

-34.3%

Net income

$     5,614

$     8,556

-34.4%

$          6,395

-12.2%

pre-tax profit margin

28.8%

35.1%

33.6%

Scout assets under management now stand at $30.0 billion; 71% fixed

income / 29% equity

Net flows for 2Q were +$262.6 million fixed income and -$682.1 million

equity

Total AUM

$30.0B

$19.7B

$23.5B

Institutional Investment Management

24

$31.2B

$31.2B

$8.2

$10.4

$12.6

$7.8

$6.7

$0.6

$0.9

$3.2

$2.4

$2.1

$10.3

$11.4

$12.6

$18.1

$18.5

$0.6

$0.8

$2.8

$2.9

$2.7

2011

2012

2013

2014

2Q'15

Equity Mutual Funds

Equity Institutional & Other

Fixed Income Institutional & Other

Fixed Income Mutual Funds

AUM Drivers

$ in millions

Institutional Investment Management

25

2Q’15

1Q’15

4Q’14

3Q’14

2Q’14

($1,287.0)

($1,366.6)

($2,314.6)

($1,111.0)

($682.1)

$455.4

($645.6)

($166.3)

$447.5

($51.0)

$908.9

$263.8

$2,976.0

($79.3)

$262.6

$153.4

($18.6)

$55.6

$172.0

($97.2)

-$2,500

-$1,500

-$500

$500

$1,500

$2,500

$3,500

$550.7

($1,767.0)

Total Change

($millions)

$31,178.1

$30,627.3

Total AUM

($millions)

$230.7

$32,394.3

($570.7)

$30,607.4

($567.7)

$30,039.7

Equity Flows

Equity Market Impact

Fixed Income Flows

Fixed Income Market Impact

AUM by Strategy –

As of June 30, 2015

Equity Strategies

International

Mid Cap

International ADR

Emerging Markets

Global

Small Cap

Other:

26

Fixed Income Strategies

Core Plus

Low Duration

Long Duration

Intermediate

Core

Unconstrained

Real Return

Equity

Fixed Income

Other:

Equity Opportunity

Global Aggregate

3.8%

0.5%

35.9%

56.8%

3.0%

71%

29%

31.3%

30.2%

18.4%

11.5%

4.3%

4.3%

Payment Solutions

27

Highlights

Payment Solutions Segment Results $ in 000s, unaudited

3 mos Ended

% Change

3 mos Ended

% Change

June 30,

Y/Y

March 31,

LQ

2015

2014

2015

Net interest income

$   13,599

$     12,390

9.8%

$         14,033

-3.1%

Provision for loan losses

2,388

2,314

3.2%

1,400

70.6%

Noninterest income

23,293

21,201

9.9%

23,138

0.7%

Noninterest expense

26,399

24,506

7.7%

24,396

8.2%

NI before taxes

8,105

6,771

19.7%

11,375

-28.7%

Income tax provision

2,046

1,931

6.0%

3,406

-39.9%

Net income

$     6,059

$       4,840

25.2%

$           7,969

-24.0%

pre-tax profit margin

22.0%

20.2%

30.6%

Credit and debit card purchase volume for the second quarter was $2.3 billion,

generating $19.6 million in interchange revenue

The number of HSA accounts reached 621 thousand, for a nearly 35 percent year-

over-year growth rate

Successfully launched Apple Pay in the second quarter

Launched

a

general

purpose

reloadable

card

pilot

program

with

a

NetSpend

branded

“ReCharge

Card”

Payment Solutions

Total Card Purchase Volume

& Interchange Revenue

28

Commercial Credit

Consumer Credit

Consumer Debit

Healthcare Debit

Institutional Banking –

IBIS Debit

Interchange ($millions)

$2.3B

$1.4B

$1.5B

$1.7B

$2.2B

1.5%

1.3%

1.1%

1.6%

1.4%

Interchange Sources

2Q'15 ($millions)

Credit

13.1

Debit

2.6

Healthcare

3.9

TOTAL

$   19.6

17.5%

16.4%

14.0%

11.0%

9.3%

19.5%

19.7%

18.8%

16.2%

16.8%

27.7%

26.3%

22.6%

18.5%

12.3%

33.8%

36.3%

43.5%

52.7%

60.2%

$16.5

$15.6

$17.1

$18.4

$19.6

2Q '11

2Q '12

2Q '13

2Q '14

2Q '15

29

Healthcare Purchase Volume Trends

$millions

* Interchange revenue from Healthcare cards divided by purchase volume on Healthcare cards

8.9%

16.9%

23.4%

22.7%

32.5%

37.7%

41.0%

29.0%

34.3%

$461.2

$393.8

$350.0

$682.2

$536.4

$448.0

$421.4

$881.3

$748.6

$680.2

$649.1

$1,150.0

$1,152.1

$1,082.9

$1,052.3

$1,393.0

$1,379.7

0.33%

0.36%

0.36%

0.29%

0.28%

Virtual Card Volume

Other Healthcare Volume

Effective Interchange Rate *

Payment Solutions – Healthcare Services

$298.4

$399.6

$595.0

$841.7

$1,078.5

$24.9

$30.9

$47.4

$75.8

$99.4

2011

2012

2013

2014

2Q'15

HSA Deposits

HSA Investment Assets

Payment

Solutions

–

Healthcare

Services

30

Healthcare Deposits and Assets

$millions

$323.3

$430.5

$642.4

$917.5

$1,177.9

Investment assets as a

2011

2012

2013

2014

2Q'15

% of total

healthcare deposits & assets

7.7%

7.2%

7.4%

8.3%

8.4%

Healthcare

provided

7.4% of Total

Deposits

in 2Q’15

Asset Servicing

31

$159.5

$203.1

Assets Under Administration

$billions

Added 52 net new funds as transfer agent clients in the past 12

months

Added 12 net new funds and increased assets under

administration by 18.3% in the alternative space in the past 12

months

UMB Fund Services named Top Workplace by Milwaukee

Journal Sentinel for 6th straight year

Fund Services ranks as the top Transfer Agent in US for

Registered Closed-End Funds in the 2015 Mutual Fund Guide

(ranking based on number of shareholders)

Highlights

Asset Servicing Segment Results

$ in 000s, unaudited

3 mos Ended

% Change

3 mos Ended

% Change

June 30,

Y/Y

March 31,

LQ

2015

2014

2015

Net interest income

$     1,003

$       1,300

-22.8%

$              997

0.6%

Noninterest income

23,025

22,777

1.1%

23,434

-1.7%

Noninterest expense

19,987

18,854

6.0%

21,296

-6.1%

NI before taxes

4,041

5,223

-22.6%

3,135

28.9%

Income tax provision

986

1,496

-34.1%

920

7.2%

Net income

$     3,055

$       3,727

-18.0%

$           2,215

37.9%

pre-tax profit margin

16.8%

21.7%

12.8%

Asset Servicing

32

Fund Accounting & Administration

Alternative Asset Servicing

Custody

Transfer Agency

$54.9

$68.0

$62.4

$63.1

$62.7

443

411

454

459

461

2012

2013

2014

1Q'15

2Q'15

Assets Under Administration

# of Custody Accounts

$26.3

$27.9

$31.5

$35.8

$37.1

532

514

579

579

604

2012

2013

2014

1Q'15

2Q'15

Assets Under Administration

# of Funds Serviced

946.8

1,280.1

1,111.2

1,157.7

1,205.9

270

301

349

349

370

2012

2013

2014

1Q'15

2Q'15

# of Shareholders

# of Funds Serviced

$44.1

$63.0

$72.1

$72.0

$71.9

179

219

249

252

248

2012

2013

2014

1Q'15

2Q'15

Assets Under Administration

# of Funds Serviced

Appendix

UMB Financial Corporation

Second Quarter 2015

Non-GAAP Reconciliation

Price to MFC Tangible

Book Value at

May 31, 2015

GAAP Total Shareholders’ Equity

(1)

$127,277

Deduct: Goodwill and Other Intangibles

($7,626)

Tangible

Book Value

$119,651

Total Consideration

(2)

$179,737

Price to Tangible

Book Value

150%

Price to GAAP Total Shareholders’ Equity

141%

Note: Unaudited. Dollars in thousands.

34

(1)

Source: MFC financial statements as of May 31, 2015.

(2)

Based on UMBF 05/29/15 closing share price of $51.79 and consideration of 3.47 million shares of UMBF stock,  

subject to post-closing adjustments.

We provide information using the tangible book value (TBV) of Marquette Financial Companies

(MFC). This information supplements the results that are reported according to generally accepted

accounting principles (GAAP) and should not be viewed in isolation from, or as a substitute for,

GAAP results. The difference between the TBV of MFC and the comparable GAAP measure is

reconciled in this slide. We believe that this information and the reconciliation may be useful to

investors because TBV is commonly used by investors as an additional measure of a company’s

total value and the strength and adequacy of its capital-management strategies.

Strength in balance –

today and tomorrow.

Second Quarter 2015

UMB Financial