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 UMB Financial Corporation Reports Fourth Quarter Net Income of $42.9 Million or $0.87 Per Diluted Share and Record Full-Year 2016 Net Income of $158.8 Million
   Tuesday, January 24, 2017 5:00:12 PM ET

UMB Financial Corporation (UMBF ), a diversified financial holding company, announced GAAP earnings for the fourth quarter 2016 of $42.9 million or $0.87 per diluted share, compared to $41.9 million or $0.85 per diluted share in the third quarter 2016 (linked quarter) and $29.6 million or $0.60 per diluted share in the fourth quarter 2015. These results represent an increase of 2.4 percent on a linked-quarter basis and 44.8 percent compared to the fourth quarter 2015. For the year ended Dec. 31, 2016, GAAP earnings were $158.8 million or $3.22 per diluted share, an increase of 36.8 percent compared to $116.1 million or $2.44 per diluted share for the year-ended Dec. 31, 2015.



Net operating income, a non-GAAP financial measure which is reconciled to the nearest comparable GAAP measure later in this release, was $45.3 million or $0.91 per diluted share for the fourth quarter 2016, compared to $43.0 million or $0.87 per diluted share for the linked quarter and $34.2 million or $0.70 per diluted share for the fourth quarter 2015. These results represent an increase of 5.4 percent on a linked-quarter basis and 32.3 percent compared to the fourth quarter 2015. Full year 2016 net operating income was $166.5 million or $3.38 per diluted share, an increase of 34.9 percent compared to $123.4 million or $2.59 per diluted share for the full year 2015.

                                        
Summary of financial results                                                                                                                                      UMB Financial Corporation
-------------------------------------- -------------------- -------------------- ----------------------------------------- -------------------- ----------------------------------------- -------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------
(unaudited, dollars in thousands)                                                                                                                                                                                                                                             December                                               December
                                                                                          Q4                                                             Q3                                                             Q4                                                         YTD                                                    YTD
                                                                                         2016                     2016                     2015                 2016             2015      
                                                                                 ----------------------------------------- -------------------- ----------------------------------------- -------------------- ----------------------------------------- -------------------- --------------------------------- -------------------- ---------------------------------
GAAP
--------------------------------------
Net income                                                                     $     42,934             $                        41,946             $                        29,643             $                    158,801        $                    116,073
Earnings per share (diluted)                                                           0.87                                                           0.85                                                           0.60                                                        3.22                                                   2.44
Return on average assets                                                               0.86 %                                                         0.85 %                                                         0.63 %                                                      0.81 %                                                 0.65 %
Return on average equity                                                               8.58                                                           8.25                                                           6.15                                                        8.01                                                   6.43
Efficiency ratio                                                                       71.5 %                                                         70.2 %                                                         77.2 %                                                      72.4 %                                                 77.6 %
                                                                                                                                                                                                                                                                                                                                                   
Non-GAAP
--------------------------------------
Net operating income                                                           $     45,294             $                        42,985             $                        34,234             $                    166,474        $                    123,360
Operating earnings per share (diluted)                                                 0.91                                                           0.87                                                           0.70                                                        3.38                                                   2.59
Operating return on average assets                                                     0.90 %                                                         0.87 %                                                         0.72 %                                                      0.85 %                                                 0.69 %
Operating return on average equity                                                     9.05                                                           8.46                                                           7.10                                                        8.39                                                   6.83
Operating efficiency ratio                                                             70.1 %                                                         69.6 %                                                         74.1 %                                                      71.2 %                                                 76.3 %
                                                                                                                                                                                                                                                                                                                                                   

"Fourth quarter 2016 net income improved 2.4 percent, or $1.0 million, over the third quarter 2016," said Mariner Kemper, chairman and chief executive officer. "These results were driven in part by a $164 million increase in average loans, which helped drive a 5.4 percent increase in net interest income. For the full year, we earned a record $158.8 million. 2016 was a year of unprecedented market activity. UMB’s stock posted a 66 percent improvement, outperforming the 26 percent return for the KBW Nasdaq Bank index. During the year, we fully integrated our acquisition of Marquette Financial Companies, executed on our expense initiative, and continued our history of solid loan growth. We are looking forward to 2017 and continuing to improve operating leverage and invest in our business for the future."

                                                                                                                                                                                                                                                            
Summary of revenue                                                                                                                                                            UMB Financial Corporation
------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ------------------------------------------------------------------------------------------------------------------------------
(unaudited, dollars in thousands)
                                                                                                           Q4                                                             Q3                                                             Q4                                                           CQ vs.                                                         CQ vs.
                                                                                                          2016                     2016                     2015                      LQ                       PY
                                                                                                  -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
                                                                                                                                                                                                                                                                                                                                                               
Net interest income                                                                             $              131,456                    $                                   124,765                    $                                   114,454                      $                6,691                      $               17,002
Noninterest income:
   Trust and securities processing                                                                              60,431                                                         60,218                                                         62,194                                                            213                                                        (1,763)
   Trading and investment banking                                                                                5,040                                                          6,114                                                          5,559                                                        (1,074)                                                          (519)
   Service charges on deposit accounts                                                                          20,949                                                         21,832                                                         21,631                                                          (883)                                                          (682)
   Insurance fees and commissions                                                                                  833                                                            698                                                            894                                                            135                                                           (61)
   Brokerage fees                                                                                                4,674                                                          4,712                                                          3,005                                                           (38)                                                          1,669
   Bankcard fees                                                                                                16,113                                                         17,086                                                         17,369                                                          (973)                                                        (1,256)
   Gains on sales of securities available for sale, net                                                              -                                                          2,978                                                          1,998                                                        (2,978)                                                        (1,998)
   Equity earnings (losses) on alternative investments                                                             504                                                          1,594                                                        (5,189)                                                        (1,090)                                                          5,693
   Other                                                                                                         7,786                    6,716                    5,138                    1,070                    2,648
                                                                                                  -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
           Total noninterest income                                                             $              116,330                    $                121,948                    $                112,599                      $              (5,618)                      $                3,731
                                                                                                  -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
                                                                                                                           
                                                                                                  -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------
Total Revenue                                                                                   $              247,786                    $                246,713                    $                227,053                      $                1,073                      $               20,733
                                                                                                  ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ====================
                                                                                                                                                                                                                                                                                                                                                               
Net interest margin                                                                                               3.00 %                                                         2.87 %                                                         2.76 %
                                                                                                                                                                                                                                                                                                                                                               
Total noninterest income as a % of total revenue                                                                  46.9 %                                                         49.4 %                                                         49.6 %
                                                                                                                                                                                                                                                                                                                                                               

Net interest income

-- On a linked quarter basis, the increase in net interest income was driven by a 13 basis point improvement in net interest margin, coupled with a 6.5 percent annualized, or $164.2 million, increase in average loans.

-- Earning asset yields improved 14 basis points from the linked quarter while the cost of interest-bearing liabilities increased one basis point to 0.26 percent. Average loan yields improved 10 basis points from the linked quarter to 3.96 percent, in part driven by favorable re-pricing and mix changes within the loan portfolio.

-- On a year-over-year basis, the increase in net interest income was driven by a 12.5 percent or $1.1 billion increase in average loans as well as higher average loan yields, which increased 16 basis points from a year ago.

-- For the fourth quarter 2016, average earning assets stood at $18.6 billion, an increase of 1.0 percent over the linked quarter and 6.8 percent over the fourth quarter 2015.

Noninterest income

-- Fourth quarter 2016 noninterest income decreased $5.6 million, or 4.6 percent, on a linked quarter basis largely due to lower gains on available-for-sale securities and equity earnings on alternative investments, which decreased $3.0 million and $1.1 million, respectively.

-- Noninterest income improved $3.7 million, or 3.3 percent, compared to the same quarter in 2015 driven by: -- a $5.7 million increase in equity earnings on alternative investments from improvements in the valuation of the underlying Prairie Capital Management (PCM) fund investments;

-- a $1.5 million increase in 12b-1 income recorded in brokerage fees;

-- a $1.1 million increase in the fair value of company-owned life insurance, a $0.9 million increase in derivative income, and a $0.6 million gain on the sale of property recorded in other noninterest income;

-- a $1.5 million increase in trust and securities processing income related to the company’s private wealth business; and

-- partially offset by a decrease of $3.1 million, in advisory fee income from the Scout Funds recorded in trust and securities processing income and a $1.2 million decrease in bankcard fees driven by higher retail and commercial card program rewards and rebates expense.

                                                                                                                                                                                                                   
Summary of Noninterest expense                                                                                                                                                        UMB Financial Corporation
--------------------------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- --------------------------------------------------------------------------------------------------------------------------------------------------------
(unaudited, dollars in thousands)
                                                                                           Q4                                                             Q3                                                       Q4                                                        CQ vs.                                                                  CQ vs.
                                                                                          2016                     2016               2015                   LQ                                PY
                                                                                  -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ------- -------------------- -------------------- ------------------------------------------------ -------------------- --------------------------------
                                                                                                                                                                                                                                                                                                                                         
Salaries and employee benefits                                                  $              107,538                                         $              109,369                                         $ 103,617                                         $ (1,831 )                                                            $      3,921
Occupancy, net                                                                                  11,421                                                         11,394                                            11,791                                               27                                                                      (370 )
Equipment                                                                                       17,726                                                         16,231                                            16,723                                            1,495                                                                     1,003
Supplies and services                                                                            4,788                                                          4,624                                             4,280                                              164                                                                       508
Marketing and business development                                                               6,256                                                          5,332                                             6,816                                              924                                                                      (560 )
Processing fees                                                                                 11,045                                                         11,264                                            13,096                                             (219 )                                                                  (2,051 )
Legal and consulting                                                                             7,056                                                          4,450                                             7,447                                            2,606                                                                      (391 )
Bankcard                                                                                         4,558                                                          5,015                                             5,301                                             (457 )                                                                    (743 )
Amortization of other intangible assets                                                          2,928                                                          2,992                                             3,283                                              (64 )                                                                    (355 )
Regulatory fees                                                                                  3,687                                                          3,370                                             3,320                                              317                                                                       367
Other                                                                                            9,321                    5,742       6,406                                            3,579            2,915  
                                                                                  -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------                                           ------ -------------------- -------------------- -------------------- ---------- --------------------
        Total noninterest expense                                               $              186,324                      $              179,783                      $ 182,080                      $  6,541                        $      4,244  
                                                                                  ==================== ==================== ==================== ==================== ==================== ==================== ======= ==================== ==================== ====== ==================== ==================== ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                    

Noninterest expense

-- On a non-GAAP basis, operating noninterest expense, which excludes the impact of acquisition expenses and other items as reconciled later in this release, was $182.6 million for the fourth quarter 2016, an increase of $4.5 million, or 2.5 percent, compared to the linked quarter, and $7.7 million, or 4.4 percent, compared to the fourth quarter 2015.

-- On a linked quarter GAAP basis, the $6.5 million, or 3.6 percent, increase in noninterest expense was driven by: -- a $2.7 million non-recurring fee paid for marketing agent termination costs within the company’s institutional investment management business and $0.7 million in operational losses within the bank segment, both of which were recorded in other noninterest expense;

-- higher legal and consulting expenses driven by technology-related consulting services and year-end billings from professional services firms;

-- higher equipment expense for computer and hardware costs related to investments for regulatory requirements, cyber security, and the ongoing modernization of the company’s core systems;

-- an increase in $0.9 million of bonus and commission expense driven, in part, by higher one- and three-year performance-related incentives in the company’s institutional management business; and

-- partially offset by a $2.7 million decrease in salaries and employee benefits expense due to lower employee headcount and decreased benefits expense.

-- The increase in noninterest expense of $4.2 million, or 2.3 percent, compared to the fourth quarter 2015 was primarily driven by: -- a $2.7 million non-recurring fee paid for marketing agent termination costs within the company’s institutional investment management business recorded in other noninterest expense;

-- increased bonus and commission expense due to improved company performance;

-- higher equipment expense for computer and hardware costs related to investments for regulatory requirements, cyber security, and the ongoing modernization of the company’s core systems; and

-- partially offset by decreased processing fees paid to distributors of the Scout Funds.

Income Taxes

-- The company’s full year effective tax rate as of Dec. 31, 2016 decreased to 23.3 percent, as compared to 27.1 percent for full year Dec. 31, 2015. The decrease is primarily attributable to an increase in federal tax credits and a larger portion of income earned from excludable life insurance policy gains.

Balance Sheet

-- Average total assets for the fourth quarter 2016 were $19.9 billion compared to $18.8 billion for the same period in 2015, an increase of $1.2 billion, or 6.2 percent.

                                                                                                                                                                         
Summary of average loans and leases                                                                                                  UMB Financial Corporation
----------------------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------------------------------------------------------------------------------------------
(unaudited, dollars in thousands)
                                                                                       Q4                                                             Q3                                                             Q4                                                               CQ vs.                                              CQ vs.
                                                                                      2016                     2016                     2015                          LQ                               PY
                                                                              -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ------------------------------------------------- --------------------------------
                                                                                                                                                                                                                                                                                                                              
Averages:
     Commercial                                                             $            4,369,173                                         $            4,441,790                                         $            4,101,204                                         $ (72,617 )                                       $    267,969
     Asset based loans                                                                     231,035                                                        228,310                                                        228,709                                             2,725                                                2,326
     Factoring loans                                                                       110,866                                                        101,731                                                         93,535                                             9,135                                               17,331
     Commercial credit card                                                                150,630                                                        166,617                                                        125,361                                           (15,987 )                                             25,269
     Real estate - construction                                                            674,367                                                        591,584                                                        393,251                                            82,783                                              281,116
     Real estate - commercial                                                            3,089,946                                                      2,976,666                                                      2,573,135                                           113,280                                              516,811
     Real estate - residential                                                             553,770                                                        505,721                                                        478,653                                            48,049                                               75,117
     Real estate - HELOC                                                                   713,528                                                        735,527                                                        725,640                                           (21,999 )                                            (12,112 )
     Consumer credit card                                                                  271,909                                                        262,937                                                        303,887                                             8,972                                              (31,978 )
     Consumer other                                                                        146,779                                                        137,949                                                        135,378                                             8,830                                               11,401
     Leases                                                                                 34,020                   32,987                   41,208       1,033         (7,188 )
                                                                              -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ------- -------------------- -------------------- ---------- --------------------
       Total loans                                                          $           10,346,023                      $           10,181,819                      $            9,199,961                      $ 164,204                      $  1,146,062  
                                                                              ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ======= ==================== ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                         

-- Average loans for the fourth quarter 2016, increased 1.6 percent, on a linked-quarter basis, and 12.5 percent, compared to fourth quarter 2015.

                                                                                                                                                                               
Summary of average securities                                                                                                                                    UMB Financial Corporation
----------------------------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -----------------------------------------------------------------------------------------------------------------------------
(unaudited, dollars in thousands)                                                                                                                                                                                                                                                                               
                                                                                             Q4                                                             Q3                                                             Q4                                                                CQ vs.                                                                   CQ vs.
                                                                                            2016                     2016                     2015                           LQ                                 PY
                                                                                    -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------------------------------------- -------------------- --------------------------------
                                                                                                                                                                                                                                                                                                                                                          
Securities available for sale:
      U.S. Treasury                                                               $              182,891                                         $              340,144                                         $              351,191                                         $ (157,253 )                                                            $   (168,300 )
      U.S. Agencies                                                                              248,329                                                        369,022                                                        682,418                                           (120,693 )                                                                (434,089 )
      Mortgage-backed                                                                          3,586,040                                                      3,512,905                                                      3,444,351                                             73,135                                                                   141,689
      State and political subdivisions                                                         2,362,178                                                      2,314,875                                                      2,117,875                                             47,303                                                                   244,303
      Corporates                                                                                  67,100                   77,645                   80,316      (10,545 )                           (13,216 )
                                                                                    -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------- -------------------- -------------------- -------------------- ---------- --------------------
      Total securities available for sale                                                      6,446,538                                                      6,614,591                                                      6,676,151                                           (168,053 )                                                                (229,613 )
Securities held to maturity:
   State and political subdivisions                                                            1,073,509                                                        927,875                                                        631,127                                            145,634                                                                   442,382
Trading securities                                                                                50,925                                                         51,280                                                         27,439                                               (355 )                                                                  23,486
Other securities                                                                                  66,567                   65,986                   66,954          581             (387 )
                                                                                    -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------- -------------------- -------------------- -------------------- ---------- --------------------
      Total securities                                                            $            7,637,539                      $            7,659,732                      $            7,401,671                      $  (22,193 )                                         $    235,868  
                                                                                    ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ======== ==================== ==================== ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                          

-- The growth in the company’s held to maturity securities portfolio is attributed to increased activity in private placement bonds, primarily used to refinance existing revenue bonds in the healthcare and education sectors.

                                                                                                                                                                                                                                                                      
Summary of average deposits                                                                                                                                                                        UMB Financial Corporation
------------------------------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- ----------------------------------------------------------------------------------------------------------------------------
(unaudited, dollars in thousands)
                                                                                                     Q4                                                                        Q3                                                                        Q4                                                                    CQ vs.                                                                   CQ vs.
                                                                                                    2016                                2016                                2015                               LQ                                 PY
                                                                                      ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ---------------------------------------------------- -------------------- ------------------------------------------------- -------------------- --------------------------------
                                                                                                                                                                                                                                                                                                                                                                                            
Deposits:
    Noninterest-bearing demand                                                      $  6,193,787                                                              $  5,690,838                                                              $  6,734,309                                                              $ 502,949                                                              $   (540,522 )
    Interest-bearing demand and savings                                                8,439,920                                                                 8,276,491                                                                 7,285,061                                                                163,429                                                                 1,154,859
    Time deposits                                                                      1,112,781        1,154,762        1,243,147       (41,981 )                          (130,366 )
                                                                                      ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- ------- -------------------- -------------------- -------------------- ---------- --------------------
        Total deposits                                                              $ 15,746,488                        $ 15,122,091       15,262,517       624,397                        $    483,971  
                                                                                      ========== ==================== ==================== ==================== ========== ==================== ==================== ==================== ========== ==================== ==================== ==================== ======= ==================== ==================== ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                            
Non-interest bearing deposits as % of total                                                 39.3 %                                                                    37.6 %                                                                    44.1 %
                                                                                                                                                                                                                                                                                                                                                                                            

-- The cost of interest-bearing liabilities for the fourth quarter 2016 was 26 basis points, and total cost of funds including noninterest-bearing deposits was 13 basis points.

Full Year 2016 Financial Discussion                                                                                       
                                                                                                                                                                                     
Year-to-date results summary                                                                         UMB Financial Corporation
------------------------------------------ -------------------- -------------------- -------------------- -------------------- -------------------- --------------------------------------------------------------------------
(unaudited, dollars in thousands)
                                                                                                                                                                                                                CY vs.
As of and for the years-ended December 31,                                                   2016                2015                 PY
                                                                                     -------------------- -------------------- -------------------- ---------- -------------------- -------------------- --------------------
Earnings - GAAP
------------------------------------------
Net interest income                                                                $              495,323                                         $    412,067                                         $               83,256
Noninterest income                                                                                476,075                                              466,454                                                          9,621
Noninterest expense                                                                               731,894                                              703,736                                                         28,158
Net income                                                                                        158,801                                              116,073                                                         42,728
                                                                                                                                                                                                          
Average Balances
------------------------------------------
Loans                                                                              $            9,992,874                                         $  8,425,107                                         $            1,567,767
Total earnings assets                                                                          18,256,621                                           16,496,213                                                      1,760,408
Total assets                                                                                   19,592,685                                           17,786,442                                                      1,806,243
Deposits                                                                                       15,338,741                                           14,078,290                                                      1,260,451
Total equity                                                                                    1,983,749                                            1,805,856                                                        177,893
                                                                                                                                                                                                          

-- The 20.2 percent year-over-year increase in net interest income was driven by a volume variance of $63.0 million and a rate variance of $20.2 million. In 2016, average loan balances increased $1.6 billion and average loan yields increased 21 basis points.

-- Full year noninterest income increased $9.6 million, or 2.1 percent, due to: -- a $14.9 million increase in equity earnings on alternative investments from improvements in the valuation of the underlying PCM fund investments;

-- a $7.8 million increase in bank-owned and company-owned life insurance income recorded in other noninterest income;

-- a $5.3 million increase in 12b-1 income recorded in brokerage fees; and

-- partially offset by a decrease in trust and securities processing income primarily due to a $22.9 million, or 40.9 percent, decrease in advisory fee income from the Scout Funds.

-- Full year noninterest expense increased 28.2 million, or 4.0 percent, primarily due to increases in bonus and commission expense of $11.4 million, salary expense of $9.1 million, and deferred compensation plan fair-value adjustments of $5.1 million.

-- On a non-GAAP basis, operating noninterest expense, which excludes the impact of acquisition expenses and other items as reconciled later in this release, was $719.9 million for full-year 2016, an increase of $27.6 million, or 4.0 percent, compared to the full-year 2015.

                                                                                                       
Capital information                                                                                UMB Financial Corporation
-------------------------------------------------------- -------------------- ----------------------------------------- --------------------------------------------------------------
(unaudited, dollars in thousands, except per share data)
                                                                                  December 31,                              September 30,                            December 31,
                                                                                      2016                   2016                  2015
                                                                              ----------------------------------------- ---------------------------------------- ---------------------
                                                                                                                                                                  
Total equity                                                                       $ 1,962,384                             $ 2,024,628                                $ 1,893,694
Book value per common share                                                              39.51                                   40.86                                      38.34
                                                                                                                                                                  
Regulatory capital:
Common equity Tier 1 capital                                                       $ 1,789,581                             $ 1,749,738                                $ 1,664,815
Tier 1 capital                                                                       1,789,581                               1,749,738                                  1,681,222
Total capital                                                                        1,951,078                               1,909,583                                  1,814,705
                                                                                                                                                                  
Regulatory capital ratios:
Common equity Tier 1 capital ratio                                                       11.76 %                                 11.75 %                                    11.74 %
Tier 1 risk-based capital ratio                                                          11.76                                   11.75                                      11.86
Total risk-based capital ratio                                                           12.82                                   12.82                                      12.80
Tier 1 leverage ratio                                                                     9.09                                    8.99                                       9.08
                                                                                                                                                                  
Credit quality                                                                                                                                                                                                                                                            UMB Financial Corporation
------------------------------------------------------- -------------------- --------------------------------------------------------------------- --------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(unaudited, dollars in thousands)                                                                                                                                                                                                                                    
                                                                                                    Q4                                                                    Q3                                                                    Q2                                                                    Q1                                                                    Q4
                                                                                                   2016                                               2016                                               2016                                               2016                                               2015
                                                                             --------------------------------------------------------------------- --------------------------------------------------------------------- --------------------------------------------------------------------- --------------------------------------------------------------------- -------------------------------------------------
                                                                                                                                                                                                                                                                                                                                                                      
Net charge-offs (recoveries) - Commercial loans                                                 $  1,127                                                              $  5,538                                                              $    (59 )                                                            $  2,586                                                              $    178
Net charge-offs (recoveries) - Real estate loans                                                   3,373                                                                   (67 )                                                               1,164                                                                 1,301                                                                   (50 )
Net charge-offs - Consumer credit card loans                                                       1,692                                                                 1,658                                                                 1,575                                                                 1,781                                                                 1,628
Net charge-offs - Consumer other loans                                             63          133           52           77          130  
                                                                             -------------------- ------ -------------------- -------------------- -------------------- ------ -------------------- -------------------- -------------------- ------ -------------------- -------------------- -------------------- ------ -------------------- -------------------- -------------------- ------ --------------------
Net charge-offs - Total loans                                                                   $  6,255                                                              $  7,262                                                              $  2,732                                                              $  5,745                                                              $  1,886
Net loan charge-offs as a % of total average loans                                                  0.24 %                                                                0.28 %                                                                0.11 %                                                                0.24 %                                                                0.08 %
Loans over 90 days past due                                                                     $  3,365                                                              $  2,678                                                              $  4,700                                                              $  3,334                                                              $  7,324
Loans over 90 days past due as a % of total loans                                                   0.03 %                                                                0.03 %                                                                0.05 %                                                                0.03 %                                                                0.08 %
Nonaccrual and restructured loans                                                               $ 70,259                                                              $ 79,607                                                              $ 58,423                                                              $ 54,933                                                              $ 61,152
Nonaccrual and restructured loans as a % of total loans                                             0.67 %                                                                0.77 %                                                                0.58 %                                                                0.57 %                                                                0.65 %
Provision for loan losses                                                                       $  7,500                                                              $ 13,000                                                              $  7,000                                                              $  5,000                                                              $  5,000
                                                                                                                                                                                                                                                                                                                                                                                                  

-- Nonperforming loans, defined as restructured loans on nonaccrual and all other nonaccrual loans, decreased $9.4 million from the linked quarter driven primarily due to the sale of one large commercial credit that migrated to nonperforming status last quarter.

Dividend Declaration

At the company’s quarterly board meeting, the Board of Directors declared a $0.255 per share quarterly cash dividend, payable on April 3, 2017, to shareholders of record at the close of business on March 10, 2017.

Conference Call

The company plans to host a conference call to discuss its fourth quarter and year-end 2016 earnings results on Wednesday, Jan. 25, 2017, at 8:30 a.m. (CT).

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 4Q & Year-End 2016 Conference Call

A replay of the conference call may be heard through Feb. 8, 2017, by calling (toll-free) 877-344-7529 or (U.S.) 412-317-0088. The replay pass code required for playback is 10098797. The call replay may also be accessed via the company’s website umbfinancial.com by visiting the investor relations area.

Non-GAAP Financial Information

In this release, we provide information about net operating income, operating earnings per share - diluted (operating EPS), operating return on average equity (operating ROE), operating return on average assets (operating ROA), operating noninterest expense, and operating efficiency ratio, all of which are non-GAAP financial measures. 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 differences between the non-GAAP financial measures--net operating income, operating EPS, operating ROE, operating ROA, operating noninterest expense and operating efficiency ratio--and the nearest comparable GAAP financial measures are reconciled later in this release. The company believes that these non-GAAP financial measures and the reconciliations may be useful to investors because they adjust for fair value adjustments, acquisition- and severance-related items and one-time marketing agent termination costs that management does not believe reflect the company’s fundamental operating performance.

Net operating income for the relevant period is defined as GAAP net income, adjusted to reflect the impact of excluding the following: (i) fair value adjustments on contingent consideration for the acquisitions of Prairie Capital Management, LLC (PCM) and Reams Asset Management Company (Reams), (ii) expenses related to acquisitions (iii) non-acquisition related severance expense (iv) expenses related to the buy-out and termination of certain marketing and referral agreements in the company’s institutional investment management business, and (v) the tax impact of the previous adjustments. The company believes that the financial impact of excluding non-acquisition related severance expense will be immaterial in the near future. It is excluded from certain GAAP financial measures as it has an unusually large impact on the company’s financial statements.

Operating EPS (basic and diluted) is calculated as earnings per share as reported, adjusted to reflect, on a per share basis, the impact of excluding the non-GAAP adjustments described in clauses (i)-(v) above for the relevant period. Operating ROE is calculated as net operating income, divided by the company’s average total shareholders’ equity for the relevant period. Operating ROA is calculated as net operating income, divided by the company’s average assets for the relevant period. Operating noninterest expense for the relevant period is defined as GAAP noninterest expense, adjusted to reflect the pre-tax impact of non-GAAP adjustments described in clauses (i)-(iv) above. Operating efficiency ratio is calculated as the company’s operating noninterest expense, net of amortization of other intangibles, divided by the company’s total revenue (tax equivalent net interest income plus noninterest income less gains on sales of securities available for sale, net).

Forward-Looking Statements:

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 and other results of efficiency initiatives and our statements about reduced regulation, tax reform and our ability to capitalize on changes. 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, 2015, 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 U.S. 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.

About UMB:

UMB Financial Corporation (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
-------------------------------------------------- -------------------- -------------------- -------------------- -------------------------------------------------------------------------------------------------------------------------------
(dollars in thousands)                                                                                                                               
                                                                                                                                                                           December 31,
Assets                                                                                                       2016                                  2015
--------------------------------------------------                                           -------------------- ------------------------------  -------------------- -------------------- -------------------- ------------------------------
                                                                                                                             (unaudited)                                                                                     (audited)
Loans                                                                                                           $ 10,540,383                                                                                   $  9,430,761
    Allowance for loan losses                                                                     (91,649 )                             (81,143 )
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
        Net loans                                                                              10,448,734          9,349,618  
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
Loans held for sale                                                                                                    5,279                                                                                            589
Investment securities:
    Available for sale                                                                                             6,466,334                                                                                      6,806,949
    Held to maturity                                                                                               1,115,932                                                                                        667,106
    Trading securities                                                                                                39,536                                                                                         29,617
    Other securities                                                                               68,306             65,198  
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
        Total investment securities                                                             7,690,108          7,568,870  
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
Federal funds and resell agreements                                                                                  324,327                                                                                        173,627
Interest-bearing due from banks                                                                                      715,823                                                                                        522,877
Cash and due from banks                                                                                              422,117                                                                                        458,217
Premises and equipment, net                                                                                          289,007                                                                                        281,471
Accrued income                                                                                                        99,045                                                                                         90,127
Goodwill                                                                                                             228,396                                                                                        228,346
Other intangibles, net                                                                                                34,491                                                                                         46,782
Other assets                                                                                      425,205            373,721  
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
        Total assets                                                                                            $ 20,682,532                          $ 19,094,245  
                                                                                             ==================== ========== ==================== ==================== ==================== ==================== ========== ====================
                                                                                                                                                                                                                  
                                                                                                                                                                                                                  
Liabilities
--------------------------------------------------
Deposits:
    Noninterest-bearing demand                                                                                  $  6,654,584                                                                                   $  6,306,895
    Interest-bearing demand and savings                                                                            8,780,309                                                                                      7,529,972
    Time deposits under $250,000                                                                                     613,589                                                                                        771,973
    Time deposits of $250,000 or more                                                             522,132            483,912  
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
        Total deposits                                                                         16,570,614         15,092,752  
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
Federal funds and repurchase agreements                                                                            1,856,937                                                                                      1,818,062
Short-term debt                                                                                                            -                                                                                          5,009
Long-term debt                                                                                                        76,772                                                                                         86,070
Accrued expenses and taxes                                                                                           172,967                                                                                        161,245
Other liabilities                                                                                  42,858             37,413  
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
        Total liabilities                                                                      18,720,148         17,200,551  
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                  
Shareholders’ Equity
--------------------------------------------------
Common stock                                                                                                          55,057                                                                                         55,057
Capital surplus                                                                                                    1,033,419                                                                                      1,019,889
Retained earnings                                                                                                  1,142,887                                                                                      1,033,990
Accumulated other comprehensive loss, net                                                                            (57,542 )                                                                                       (3,718 )
Treasury stock                                                                                   (211,437 )                            (211,524 )
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
        Total shareholders’ equity                                                              1,962,384          1,893,694  
                                                                                             -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
        Total liabilities and shareholders’ equity                                                              $ 20,682,532                          $ 19,094,245  
                                                                                             ==================== ========== ==================== ==================== ==================== ==================== ========== ====================
                                                                                                                                                                                                                  
                                                                                                                                                                     
Consolidated Statements of Income                                                                                                                                            UMB Financial Corporation
---------------------------------------------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- -------------------- -----------------------------------------------------------------------------------------------------------
(dollars in thousands except share and per share data)                                                                                                                                                                                                                                                                                         
                                                                                                                                                                           Three Months Ended                                                                                                                                                                Year Ended
                                                                                                                                                                              December 31,                                                                                                                                                                  December 31,
Interest Income                                                                                                2016                             2015                                  2016                                 2015
----------------------------------------------------------                                           -------------------- -------------------- -------------------- -------------------- -------------------- ------------------------------  -------------------- -------------------- -------------------- -------------------------------  -------------------- -------------------- ------------------------------
                                                                                                                               (unaudited)                                                                               (unaudited)                                                                          (unaudited)                                                                           (audited)
Loans                                                                                                                   $              102,961                                                              $     88,011                                                                                   $     386,274                                                              $    308,325
Securities:
 Taxable interest                                                                                                                       18,339                                                                    18,858                                                                                          73,560                                                                    75,327
 Tax-exempt interest                                                                                                                    16,139           11,756              57,516           43,598  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
   Total securities income                                                                                                              34,478                                                                    30,614                                                                                         131,076                                                                   118,925
Federal funds and resell agreements                                                                                                        769                                                                       320                                                                                           2,708                                                                       697
Interest-bearing due from banks                                                                                                            569                                                                       595                                                                                           2,341                                                                     2,356
Trading securities                                                                                                                         233               75                 632              378  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
    Total interest income                                                                                                              139,010          119,615             523,031          430,681  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                         
Interest Expense
----------------------------------------------------------
Deposits                                                                                                                                 5,119                                                                     3,836                                                                                          17,936                                                                    14,269
Federal funds and repurchase agreements                                                                                                  1,774                                                                       396                                                                                           6,524                                                                     1,785
Other                                                                                                                                      661              929               3,248            2,560  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
   Total interest expense                                                                                                                7,554            5,161              27,708           18,614  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
Net interest income                                                                                                                    131,456                                                                   114,454                                                                                         495,323                                                                   412,067
Provision for loan losses                                                                                                                7,500            5,000              32,500           15,500  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
       Net interest income after provision for loan losses                                                                             123,956          109,454             462,823          396,567  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                         
Noninterest Income
----------------------------------------------------------
Trust and securities processing                                                                                                         60,431                                                                    62,194                                                                                         239,879                                                                   262,056
Trading and investment banking                                                                                                           5,040                                                                     5,559                                                                                          21,422                                                                    20,218
Service charges on deposits                                                                                                             20,949                                                                    21,631                                                                                          86,662                                                                    86,460
Insurance fees and commissions                                                                                                             833                                                                       894                                                                                           4,188                                                                     2,530
Brokerage fees                                                                                                                           4,674                                                                     3,005                                                                                          17,833                                                                    11,753
Bankcard fees                                                                                                                           16,113                                                                    17,369                                                                                          68,749                                                                    69,211
Gains on sale of securities available for sale, net                                                                                          -                                                                     1,998                                                                                           8,509                                                                    10,402
Equity earnings (loss) on alternative investments                                                                                          504                                                                    (5,189 )                                                                                         2,695                                                                   (12,188 )
Other                                                                                                                                    7,786            5,138              26,138           16,012  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
   Total noninterest income                                                                                                            116,330          112,599             476,075          466,454  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                         
Noninterest Expense
----------------------------------------------------------
Salaries and employee benefits                                                                                                         107,538                                                                   103,617                                                                                         432,754                                                                   406,472
Occupancy, net                                                                                                                          11,421                                                                    11,791                                                                                          44,926                                                                    43,861
Equipment                                                                                                                               17,726                                                                    16,723                                                                                          67,271                                                                    63,533
Supplies, postage and telephone                                                                                                          4,788                                                                     4,280                                                                                          19,080                                                                    18,579
Marketing and business development                                                                                                       6,256                                                                     6,816                                                                                          22,342                                                                    23,730
Processing fees                                                                                                                         11,045                                                                    13,096                                                                                          45,235                                                                    51,328
Legal and consulting                                                                                                                     7,056                                                                     7,447                                                                                          21,242                                                                    26,390
Bankcard                                                                                                                                 4,558                                                                     5,301                                                                                          20,757                                                                    20,288
Amortization of other intangibles                                                                                                        2,928                                                                     3,283                                                                                          12,291                                                                    12,090
Regulatory fees                                                                                                                          3,687                                                                     3,320                                                                                          14,178                                                                    12,125
Other                                                                                                                                    9,321            6,406              31,818           25,340  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
   Total noninterest expense                                                                                                           186,324                                                                   182,080                                                                                         731,894                                                                   703,736
Income before income taxes                                                                                                              53,962                                                                    39,973                                                                                         207,004                                                                   159,285
Income tax provision                                                                                                                    11,028           10,330              48,203           43,212  
                                                                                                                          -------------------- -------------------- -------------------- -------------------- ---------- -------------------- -------------------- -------------------- -------------------- ----------- -------------------- -------------------- -------------------- ---------- --------------------
Net income                                                                                                              $               42,934                        $     29,643                          $     158,801                        $    116,073  
                                                                                                                          ==================== ==================== ==================== ==================== ========== ==================== ==================== ==================== ==================== =========== ==================== ==================== ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                         
Per Share Data
----------------------------------------------------------
Net income - basic                                                                                                      $                 0.88                                                              $       0.61                                                                                   $        3.25                                                              $       2.46
Net income - diluted                                                                                                         0.87                                                                      0.60                                                                                            3.22                                                                      2.44
Dividends                                                                                                                                0.255                                                                     0.245                                                                                           0.990                                                                     0.950
                                                                                                                                                                                                                                                                                                                                                                                         
Weighted average shares outstanding                                                                                                 48,935,216                                                                48,630,195                                                                                      48,828,313                                                                47,126,252
Weighted average shares outstanding - diluted                                                                          49,616,121                                                                49,066,566                                                                                      49,277,055                                                                47,579,334
                                                                                                                                                                                                                                                                                                                                                                                         
                                                                           
Consolidated Statements of Comprehensive (Loss) Income                                                                                                                                                                                                                                                           UMB Financial Corporation
----------------------------------------------------------------------- -------------------- -------------------- ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(dollars in thousands)                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                Three Months Ended                                                                                                                                                                 Year Ended
                                                                                                                                                                                   December 31,                                                                                                                                                                   December 31,
                                                                                                                                         2016                                                   2015                                                  2016                                                 2015
                                                                                                                  ----------------------------------------------------------------------- -------------------- ---------------------------------------------------------------------- -------------------- ----------------------------------------------------------------------- ---------------------------------------------------
                                                                                                                                                         (unaudited)                                           (unaudited)                                                                                  (unaudited)                                                               (audited)
Net Income                                                                                                                           $   42,934                                                                                   $  29,643                                                                                    $ 158,801                                                               $ 116,073
Other comprehensive loss, net of tax:
  Unrealized gains (losses) on securities:
    Change in unrealized holding losses, net                                                                                           (168,433 )                                                                                   (46,682 )                                                                                    (77,794 )                                                               (13,393 )
    Less: Reclassifications adjustment for gains included in net income                                                    -          (1,998 )                            (8,509 )                         (10,402 )
                                                                                                                  -------------------- -------- -------------------- -------------------- -------------------- -------------------- ------- -------------------- -------------------- -------------------- ----------------------------- -------------------- -------------------- ----------------------------- --------------------
    Change in unrealized losses on securities during the period                                                                        (168,433 )                                                                                   (48,680 )                                                                                    (86,303 )                                                               (23,795 )
    Change in unrealized gains (losses) on derivatives                                                                 7,161             (10 )                              (516 )                             (10 )
                                                                                                                  -------------------- -------- -------------------- -------------------- -------------------- -------------------- ------- -------------------- -------------------- -------------------- ----------------------------- -------------------- -------------------- ----------------------------- --------------------
Income tax benefit                                                                                                    61,218          18,442           32,995          9,081  
                                                                                                                  -------------------- -------- -------------------- -------------------- -------------------- -------------------- ------- -------------------- -------------------- -------------------- ----------------------------- -------------------- -------------------- ----------------------------- --------------------
Other comprehensive loss                                                                                            (100,054 )                          (30,248 )                           (53,824 )                         (14,724 )
                                                                                                                  -------------------- -------- -------------------- -------------------- -------------------- -------------------- ------- -------------------- -------------------- -------------------- ----------------------------- -------------------- -------------------- ----------------------------- --------------------
Comprehensive (loss) income                                                                                                          $  (57,120 )                                           $    (605 )                                            $ 104,977                         $ 101,349  
                                                                                                                  ==================== ======== ==================== ==================== ==================== ==================== ======= ==================== ==================== ==================== ============================= ==================== ==================== ============================= ====================
                                                                                                                                                                                                                                                                                                                                                                                                                  
                                                                                                                                                                                                                                                                          
Consolidated Statements of Shareholders’ Equity                                                                                                                                                                                                                                                                                                                                                                          UMB Financial Corporation
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(dollars in thousands, except per share data)                                                                                                                                                                                                                                                                                                                                                                                                                            
                                                                                                                                                                                                                                                                                                                     Accumulated
                                                                                                                                                                                                                                                                                                                                                                                 Other
                                                                                               Common                                                                            Capital                                                                                 Retained                                                                                            Comprehensive                                                                                               Treasury
(audited)                                                                    Stock                   Surplus                        Earnings                Income (Loss)                     Stock                                Total
                                                                          -------------------- ------ -------------------- -------------------- -------------------- --------------------------------------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ------------- -------------------- -------------------- -------------------- -------------------- -------------------------------------------------- -------------------- -------------------- --------------------------------
Balance - January 1, 2015                                                                    $ 55,057                                                              $   894,602                                                                                   $              963,911                                                                                   $        11,006                                                                                   $ (280,818 )                                                                                 $  1,643,758
Total comprehensive income                                                                          -                                                                        -                                                                                                  116,073                                                                                           (14,724 )                                                                                          -                                                                                        101,349
Cash dividends ($0.95 per share)                                                                    -                                                                        -                                                                                                  (45,994 )                                                                                               -                                                                                            -                                                                                        (45,994 )
Purchase of treasury stock                                                                          -                                                                        -                                                                                                        -                                                                                                 -                                                                                       (8,457 )                                                                                       (8,457 )
Issuance of equity awards                                                                           -                                                                   (3,278 )                                                                                                      -                                                                                                 -                                                                                        3,737                                                                                            459
Recognition of equity based compensation                                                            -                                                                   10,292                                                                                                        -                                                                                                 -                                                                                            -                                                                                         10,292
Net tax benefit related to equity compensation plans                                                -                                                                      944                                                                                                        -                                                                                                 -                                                                                            -                                                                                            944
Sale of treasury stock                                                                              -                                                                      611                                                                                                        -                                                                                                 -                                                                                          445                                                                                          1,056
Exercise of stock options                                                                           -                                                                    4,083                                                                                                        -                                                                                                 -                                                                                        6,467                                                                                         10,550
Common stock issuance                                                            -         112,635                            -                     -           67,102            179,737  
                                                                          -------------------- ------ -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ------------- -------------------- -------------------- -------------------- -------------------- -------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
Balance - December 31, 2015                                                     $ 55,057                        $ 1,019,889                          $            1,033,990                          $        (3,718 )                                           $ (211,524 )                                           $  1,893,694  
                                                                          ==================== ====== ==================== ==================== ==================== ========= ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ============= ==================== ==================== ==================== ==================== ======== ==================== ==================== ==================== ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
(unaudited)
Balance - January 1, 2016                                                                    $ 55,057                                                              $ 1,019,889                                                                                   $            1,033,990                                                                                   $        (3,718 )                                                                                 $ (211,524 )                                                                                 $  1,893,694
Total comprehensive income                                                                          -                                                                        -                                                                                                  158,801                                                                                           (53,824 )                                                                                          -                                                                                        104,977
Cash dividends ($0.99 per share)                                                                    -                                                                        -                                                                                                  (49,048 )                                                                                               -                                                                                            -                                                                                        (49,048 )
Purchase of treasury stock                                                                          -                                                                        -                                                                                                        -                                                                                                 -                                                                                      (16,367 )                                                                                      (16,367 )
Issuance of equity awards                                                                           -                                                                   (3,011 )                                                                                                      -                                                                                                 -                                                                                        3,440                                                                                            429
Recognition of equity based compensation                                                            -                                                                   11,306                                                                                                        -                                                                                                 -                                                                                            -                                                                                         11,306
Sale of treasury stock                                                                              -                                                                      480                                                                                                        -                                                                                                 -                                                                                          616                                                                                          1,096
Exercise of stock options                                                                           -                                                                    3,417                                                                                                        -                                                                                                 -                                                                                       12,398                                                                                         15,815
Cumulative effect adjustment                                                     -           1,338                         (856 )                                      -                -                482  
                                                                          -------------------- ------ -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ------------- -------------------- -------------------- -------------------- -------------------- -------- -------------------- -------------------- -------------------- -------------------- ---------- --------------------
Balance - December 31, 2016                                                     $ 55,057                        $ 1,033,419                          $            1,142,887                          $       (57,542 )                                           $ (211,437 )                                           $  1,962,384  
                                                                          ==================== ====== ==================== ==================== ==================== ========= ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ==================== ============= ==================== ==================== ==================== ==================== ======== ==================== ==================== ==================== ==================== ========== ====================
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                           
Average Balances / Yields and Rates                                                                                                                                                                                                         UMB Financial Corporation
---------------------------------------------- -------------------- -------------------- -------------------- ---------------------------------------------------- -------------------- -------------------- ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(tax - equivalent basis)                                                                                                                                                                                                                                                                      
(unaudited, dollars in thousands)                                                                                                                                                                                                            Three Months Ended December 31,
                                                                                                                                                   2016                                                                                                                 2015
                                                                                         -------------------- ---------------------------------------------------------------------------------------------------------------------------------------- -------------------- -------------------- ----------------------------------------------------------------------------------------------------------
                                                                                                                           Average                                                             Average                                                                                                        Average                                                        Average
Assets                                                                                                  Balance                     Yield/Rate                           Balance                Yield/Rate  
----------------------------------------------                                           -------------------- ------------------------------  -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- -------------------- ------------------------------  -------------------- -------------------- ---------- --------------------
Loans, net of unearned interest                                                                             $ 10,346,023                                                                                3.96 %                                                                                 $  9,199,961                                                                      3.80 %
Securities:
  Taxable                                                                                                      4,232,002                                                                                1.72                                                                                      4,704,102                                                                      1.59
  Tax-exempt                                                                                                   3,354,612                       2.94                                                                                      2,670,130             2.71
                                                                                                              ---------- -------------------- -------------------- -------------------- --------------------                                                                                     ---------- -------------------- -------------------- -------------------- ----------
    Total securities                                                                                           7,586,614                                                                                2.26                                                                                      7,374,232                                                                      2.00
Federal funds and resell agreements                                                                              208,581                                                                                1.47                                                                                        117,005                                                                      1.09
Interest-bearing due from banks                                                                                  365,512                                                                                0.62                                                                                        662,036                                                                      0.36
Trading securities                                                                                                50,925                       2.18                                                                                         27,439             1.29
                                                                                                              ---------- -------------------- -------------------- -------------------- --------------------                                                                                     ---------- -------------------- -------------------- -------------------- ----------
    Total earning assets                                                                                      18,557,655                                                                                3.17                                                                                     17,380,673                                                                      2.88
Allowance for loan losses                                                                                        (91,833 )                                                                                                                                                                          (78,906 )
Other assets                                                                                1,454,616                                                                                                                                    1,453,790  
                                                                                         -------------------- ---------- --------------------                                                                                                                               -------------------- ---------- --------------------
    Total assets                                                                                            $ 19,920,438                                                                                                                                                    $ 18,755,557  
                                                                                         -------------------- ---------- --------------------                                                                                                                               -------------------- ---------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                                                                                                                                                                                                                                       
Liabilities and Shareholders’ Equity
----------------------------------------------
Interest-bearing deposits                                                                                   $  9,552,701                                                                                0.21 %                                                                                 $  8,528,207                                                                      0.18 %
Federal funds and repurchase agreements                                                                        1,899,196                                                                                0.37                                                                                      1,305,939                                                                      0.12
Borrowed funds                                                                                                    76,831                       3.42                                                                                         88,862             4.15
                                                                                                              ---------- -------------------- -------------------- -------------------- --------------------                                                                                     ---------- -------------------- -------------------- -------------------- ----------
    Total interest-bearing liabilities                                                                        11,528,728                                                                                0.26                                                                                      9,923,008                                                                      0.21
Noninterest-bearing demand deposits                                                                            6,193,787                                                                                                                                                                          6,734,309
Other liabilities                                                                                                206,576                                                                                                                                                                            185,586
Shareholders’ equity                                                                        1,991,347                                                                                                                                    1,912,654  
                                                                                         -------------------- ---------- --------------------                                                                                                                               -------------------- ---------- --------------------
    Total liabilities and shareholders’ equity                                                              $ 19,920,438                                                                                                                                                    $ 18,755,557  
                                                                                         -------------------- ---------- --------------------                                                                                                                               -------------------- ---------- --------------------
Net interest spread                                                                                                                                                                                     2.91 %                                                                                                                                                                   2.67 %
Net interest margin                                                                                                                                                                                     3.00 %                                                                                                                                                                   2.76 %
                                                                                                                                                                                                                                                                                                                                                                                       
                                                                                                                                                                        
Average Balances / Yields and Rates                                                                                                                                                                                                                                 UMB Financial Corporation
---------------------------------------------- -------------------- -------------------- -------------------- ------------------------------------------------------------------------------------------------------------------------------------ -------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------
(tax - equivalent basis)                                                                                                                                                                                                                                                     
(unaudited, dollars in thousands)                                                                                                                                                                                                                            Year Ended December 31,
                                                                                                                                                 2016                                                                                                                                           2015
                                                                                         -------------------- ------------------------------------------------------------------------------------------------------------------------------------ -------------------- -----------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                           Average                     Average                                                                                                                                  Average                  Average
Assets                                                                                                  Balance                   Yield/Rate                                                     Balance                Yield/Rate  
----------------------------------------------                                           -------------------- ------------------------------  -------------------- -------------------- ---------------  -------------------- -------------------- -------------------- ----------------------------------------------   ------------------------------  -------------------- -------------------- ---------  --------------------
Loans, net of unearned interest                                                                             $  9,992,874                                                                            3.87 %                                                                                                             $  8,425,107                                                                      3.66 %
Securities:
  Taxable                                                                                                      4,545,013                                                                            1.62                                                                                                                  4,823,710                                                                      1.56
  Tax-exempt                                                                                                   3,077,562                   2.87                                                                                                                  2,473,811             2.72
                                                                                                              ---------- -------------------- -------------------- -------------------- -----------------                                                                                                                ---------- -------------------- -------------------- -------------------- -----------
    Total securities                                                                                           7,622,575                                                                            2.12                                                                                                                  7,297,521                                                                      1.95
Federal funds and resell agreements                                                                              188,572                                                                            1.44                                                                                                                     76,108                                                                      0.92
Interest-bearing due from banks                                                                                  410,163                                                                            0.57                                                                                                                    664,752                                                                      0.35
Trading securities                                                                                                42,437                   1.85                                                                                                                     32,725             1.46
                                                                                                              ---------- -------------------- -------------------- -------------------- -----------------                                                                                                                ---------- -------------------- -------------------- -------------------- -----------
    Total earning assets                                                                                      18,256,621                                                                            3.03                                                                                                                 16,496,213                                                                      2.75
Allowance for loan losses                                                                                        (85,201 )                                                                                                                                                                                                  (77,899 )
Other assets                                                                                1,421,265                                                                                                                                                            1,368,128  
                                                                                         -------------------- ---------- --------------------                                                                                                                           ----------------------------------------------------------- --------------------
    Total assets                                                                                            $ 19,592,685                                                                                                                                                                            $ 17,786,442  
                                                                                         -------------------- ---------- --------------------                                                                                                                           ----------------------------------------------------------- --------------------
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                                                                                                                                                                                                                                                               
Liabilities and Shareholders’ Equity
----------------------------------------------
Interest-bearing deposits                                                                                   $  9,432,720                                                                            0.19 %                                                                                                             $  8,150,588                                                                      0.18 %
Federal funds and repurchase agreements                                                                        2,005,631                                                                            0.33                                                                                                                  1,590,776                                                                      0.11
Borrowed funds                                                                                                    85,658                   3.79                                                                                                                     59,174             4.33
                                                                                                              ---------- -------------------- -------------------- -------------------- -----------------                                                                                                                ---------- -------------------- -------------------- -------------------- -----------
    Total interest-bearing liabilities                                                                        11,524,009                                                                            0.24                                                                                                                  9,800,538                                                                      0.19
Noninterest-bearing demand deposits                                                                            5,906,021                                                                                                                                                                                                  5,927,702
Other liabilities                                                                                                178,906                                                                                                                                                                                                    252,346
Shareholders’ equity                                                                        1,983,749                                                                                                                                                            1,805,856  
                                                                                         -------------------- ---------- --------------------                                                                                                                           ----------------------------------------------------------- --------------------
    Total liabilities and shareholders’ equity                                                              $ 19,592,685                                                                                                                                                                            $ 17,786,442  
                                                                                         -------------------- ---------- --------------------                                                                                                                           ----------------------------------------------------------- --------------------
Net interest spread                                                                                                                                                                                 2.79 %                                                                                                                                                                                               2.56 %
Net interest margin                                                                                                                                                                                 2.88                                                                                                                                                                                                 2.64
                                                                                                                                                                                                                                                                                                                                                                                                               
                                                                                                                                                                            
Business Segment Information                                                                                                                                                                                                                                                                                       UMB Financial Corporation
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
(unaudited, dollars in thousands)
                                                                                                                                                  Three Months Ended December 31, 2016
                                                                       ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                     Bank                           Institutional                     Asset Servicing                               Total
                                                                                                                                                           Investment
                                                                                                                                                           Management
                                                                       ------------------------------  -------------------- -------------------- ----------------------------   -------------------- -------------------- -----------------------------  -------------------- -------------------- ----------------------------------------
Net interest income                                                                       $    128,869                        $         -                        $     2,587                        $              131,456
Provision for loan losses                                                                        7,500                                                                        -                                                                        -                                                                               7,500
Noninterest income                                                                              75,393                                                                   18,858                                                                   22,079                                                                             116,330
Noninterest expense                                                         145,959          20,448          19,917                    186,324
                                                                       -------------------- ---------- -------------------- -------------------- -------------------- ------------------------------ -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------------------
Income (loss) before taxes                                                                      50,803                                                                  (1,590)                                                                    4,749                                                                              53,962
Income tax expense (benefit)                                                 10,145           (102)             985                     11,028
                                                                       -------------------- ---------- -------------------- -------------------- -------------------- ------------------------------ -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------------------
Net income (loss)                                                                         $     40,658                        $   (1,488)                        $     3,764                        $               42,934
                                                                       ==================== ========== ==================== ==================== ==================== ============================== ==================== ==================== ========= ==================== ==================== ==================== ====================
                                                                                                                                                                                                                                                                                                                         
Average assets                                                                            $ 18,821,000                                                              $    60,000                                                              $ 1,039,000                                                              $           19,920,000
                                                                        
                                                                        
                                                                                                                                                                                        Three Months Ended December 31, 2015
                                                                       ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                     Bank                           Institutional                     Asset Servicing                               Total
                                                                                                                                                           Investment
                                                                                                                                                           Management
                                                                       ------------------------------  -------------------- -------------------- ----------------------------   -------------------- -------------------- -----------------------------  -------------------- -------------------- ----------------------------------------
Net interest income                                                                       $    112,647                                                              $         -                                                              $     1,807                                                              $              114,454
Provision for loan losses                                                                        5,000                                                                        -                                                                        -                                                                               5,000
Noninterest income                                                                              69,202                                                                   20,882                                                                   22,515                                                                             112,599
Noninterest expense                                                         144,525          18,690          18,865                    182,080
                                                                       -------------------- ---------- -------------------- -------------------- -------------------- ------------------------------ -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------------------
Income before taxes                                                                             32,324                                                                    2,192                                                                    5,457                                                                              39,973
Income tax expense                                                            8,346             573           1,411                     10,330
                                                                       -------------------- ---------- -------------------- -------------------- -------------------- ------------------------------ -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------------------
Net income                                                                                $     23,978                        $     1,619                        $     4,046                        $               29,643
                                                                       ==================== ========== ==================== ==================== ==================== ============================== ==================== ==================== ========= ==================== ==================== ==================== ====================
                                                                                                                                                                                                                                                                                                                         
Average assets                                                                            $ 17,660,000                                                              $    65,000                                                              $ 1,031,000                                                              $           18,756,000
                                                                                                                                                                                                                                                                                                                         
                             
                                                                                                                                                                                       Year Ended December 31, 2016
                                                                    ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                  Bank                          Institutional                   Asset Servicing                               Total
                                                                                                                                                       Investment
                                                                                                                                                       Management
                                                                    ------------------------------  -------------------- -------------------- --------------------------  -------------------- -------------------- -----------------------------  -------------------- -------------------- ----------------------------------------
Net interest income                                                                    $    484,716                        $      -                        $    10,607                        $              495,323
Provision for loan losses                                                                    32,500                                                                     -                                                                        -                                                                              32,500
Noninterest income                                                                          311,309                                                                75,822                                                                   88,944                                                                             476,075
Noninterest expense                                                      577,683       73,442          80,769                    731,894
                                                                    -------------------- ---------- -------------------- -------------------- -------------------- ------ -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------------------
Income before taxes                                                                         185,842                                                                 2,380                                                                   18,782                                                                             207,004
Income tax expense                                                        43,039          798           4,366                     48,203
                                                                    -------------------- ---------- -------------------- -------------------- -------------------- ------ -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------------------
Net income                                                                             $    142,803                        $  1,582                        $    14,416                        $              158,801
                                                                    ==================== ========== ==================== ==================== ==================== ====== ==================== ==================== ==================== ========= ==================== ==================== ==================== ====================
                                                                                                                                                                                                                                                                                                                   
Average assets                                                                         $ 18,314,000                                                              $ 61,000                                                              $ 1,218,000                                                              $           19,593,000
                                                                     
                                                                     
                                                                                                                                                                                       Year Ended December 31, 2015
                                                                    ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                  Bank                          Institutional                   Asset Servicing                               Total
                                                                                                                                                       Investment
                                                                                                                                                       Management
                                                                    ------------------------------  -------------------- -------------------- --------------------------  -------------------- -------------------- -----------------------------  -------------------- -------------------- ----------------------------------------
Net interest income                                                                    $    406,884                                                              $      -                                                              $     5,183                                                              $              412,067
Provision for loan losses                                                                    15,500                                                                     -                                                                        -                                                                              15,500
Noninterest income                                                                          279,897                                                                95,064                                                                   91,493                                                                             466,454
Noninterest expense                                                      552,514       71,498          79,724                    703,736
                                                                    -------------------- ---------- -------------------- -------------------- -------------------- ------ -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------------------
Income before taxes                                                                         118,767                                                                23,566                                                                   16,952                                                                             159,285
Income tax expense                                                        32,208        6,469           4,535                     43,212
                                                                    -------------------- ---------- -------------------- -------------------- -------------------- ------ -------------------- -------------------- -------------------- --------- -------------------- -------------------- -------------------- --------------------
Net income                                                                             $     86,559                        $ 17,097                        $    12,417                        $              116,073
                                                                    ==================== ========== ==================== ==================== ==================== ====== ==================== ==================== ==================== ========= ==================== ==================== ==================== ====================
                                                                                                                                                                                                                                                                                                                   
Average assets                                                                         $ 16,732,000                                                              $ 69,000                                                              $   985,000                                                              $           17,786,000
                                                                                                                                                                                                                                                                                                                   
                                                                                                                                                                                             
Non-GAAP Financial Measures                                                                                                                                                                                                       UMB Financial Corporation
---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- -------------------- -------------------------------------------------------------------------------
Net operating income and operating earnings per share non-GAAP                                                                                                                                                                                 
reconciliations:
(unaudited, dollars in thousands, except share and per share data)
                                                                                                     
                                                                                                                                                  Three Months Ended                                                                                          Year Ended
                                                                                                                                                     December 31,                                                                                            December 31,
                                                                                                             2016            2015        2016        2015   
                                                                                                     -------------------- ------------------------------------ -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
Net income (GAAP)                                                                                                       $          42,934                                         $  29,643                                         $ 158,801                                         $ 116,073
Adjustments:
    Fair value adjustments on contingent consideration (i)                                                                              -                                               469                                                67                                           (3,008)
    Acquisition expenses (ii)                                                                                                         547                                             3,427                                             5,020                                             9,833
    Non-acquisition severance expense (iii)                                                                                           415                                             3,278                                             4,177                                             4,561
    Marketing agent termination costs (iv)                                                                                          2,725                                                 -                                             2,725                                                 -
    Tax-impact of adjustments (v)                                                                              (1,327)     (2,583)     (4,316)     (4,099)  
                                                                                                     -------------------- ------------------------------------ -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
Total Non-GAAP adjustments (net of tax)                                                                          2,360       4,591       7,673       7,287  
                                                                                                     -------------------- ------------------------------------ -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
Net operating income (Non-GAAP)                                                                                         $          45,294                      $  34,234                      $ 166,474                      $ 123,360  
                                                                                                     ==================== ==================================== ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ====================
                                                                                                                                                                                                                                                                                                 
Earnings per share as reported - diluted                                                                                $            0.87                                         $    0.60                                         $    3.22                                         $    2.44
    Fair value adjustments on contingent consideration (i)                                                                              -                                              0.01                                                 -                                            (0.06)
    Acquisition expenses (ii)                                                                                                        0.01                                              0.07                                              0.11                                              0.20
    Non-acquisition severance expense (iii)                                                                                          0.01                                              0.07                                              0.08                                              0.10
    Marketing agent termination costs (iv)                                                                                           0.05                                                 -                                              0.06                                                 -
    Tax-impact of adjustments (v)                                                                               (0.03)      (0.05)      (0.09)      (0.09)  
                                                                                                     -------------------- ------------------------------------ -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
Operating earnings per share - diluted                                                                                  $            0.91                      $    0.70                      $    3.38                      $    2.59  
                                                                                                     ==================== ==================================== ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ====================
                                                                                                                                                                                                                                                                                                 
GAAP
----------------------------------------------------------
Return on average assets                                                                                                             0.86                                %             0.63                                %             0.81                      %                       0.65           %
Return on average equity                                                                                                             8.58                                              6.15                                              8.01                                              6.43
                                                                                                                                                                                                                                                                                                 
Non-GAAP
----------------------------------------------------------
Operating return on average assets                                                                                                   0.90                                %             0.72                                %             0.85                      %                       0.69           %
Operating return on average equity                                                                                                   9.05                                              7.10                                              8.39                                              6.83
                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                            
Operating noninterest expense and operating efficiency ratio                                                                                                                                                                   UMB Financial Corporation  
non-GAAP reconciliations:
-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------        -------------------- -------------------- ------------------------------------------------------    --------------------
(unaudited, dollars in thousands except share and per share data)                                                                                                                                       
                                                                                                                                          Three Months Ended                                                                                                 Year Ended
                                                                                                                                             December 31,                                                             December 31,
                                                                                                            --------------------------------------------------------------------------------------------------- -------------------- ----------------------------------------------------------
                                                                                                                2016        2015        2016        2015   
                                                                                                            -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
Noninterest expense                                                                                                            $ 186,324                      $ 182,080                                         $ 731,894                                         $ 703,736
Adjustments to arrive at operating noninterest expense (pre-tax):
     Fair value adjustments on contingent consideration (i)                                                                            -                                               469                                                67                                           (3,008)
     Acquisition expenses (ii)                                                                                                       547                                             3,427                                             5,020                                             9,833
     Non-acquisition severance expense (iii)                                                                                         415                                             3,278                                             4,177                                             4,561
     Marketing agent termination costs (iv)                                                                     2,725           -       2,725           -  
                                                                                                            -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
     Total Non-GAAP adjustments (pre-tax)                                                                       3,687       7,174      11,989      11,386  
                                                                                                            -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
Operating noninterest expense                                                                                                  $ 182,637                      $ 174,906                      $ 719,905                      $ 692,350  
                                                                                                            ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ====================
                                                                                                                                                                                                                                                                                                
Noninterest expense                                                                                                            $ 186,324                                         $ 182,080                                         $ 731,894                                         $ 703,736
     Less: Amortization of other intangibles                                                                    2,928       3,283      12,291      12,090  
                                                                                                            -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
Noninterest expense, net of amortization of other intangibles                                                                  $ 183,396                      $ 178,797                      $ 719,603                      $ 691,646  
(numerator A)
                                                                                                            ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ====================
                                                                                                                                                                                                                                                                                                
Operating noninterest expense                                                                                                  $ 182,637                                         $ 174,906                                         $ 719,905                                         $ 692,350
     Less: Amortization of other intangibles                                                                    2,928       3,283      12,291      12,090  
                                                                                                            -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
Operating expense, net of amortization of other intangibles                                                                    $ 179,709                      $ 171,623                      $ 707,614                      $ 680,260  
(numerator B)
                                                                                                            ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ====================
                                                                                                                                                                                                                                                                                                
Net interest income (tax equivalent) (vi)                                                                                      $ 140,147                                         $ 120,966                                         $ 526,337                                         $ 435,852
Noninterest income                                                                                                               116,330                                           112,599                                           476,075                                           466,454
    Less: Gains on sales of securities available for sale, net                                                      -       1,998       8,509      10,402  
                                                                                                            -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- -------------------- -------------------- ------- --------------------
Total (denominator A)                                                                                                          $ 256,477                      $ 231,567                      $ 993,903                      $ 891,904  
                                                                                                            ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ==================== ==================== ======= ====================
                                                                                                                                                                                                                                                                                                
Efficiency ratio (numerator A/denominator A)                                                                                       71.51                                %            77.21                                %            72.40                                %            77.55           %
Operating efficiency ratio (numerator B/denominator A)                                                                             70.07                                             74.11                                             71.20                                             76.27
(i) Represents fair value adjustments to contingent consideration
for the acquisitions of PCM and Reams.
(ii) Represents expenses related to the acquisition of Marquette.
(iii) Represents non-acquisition severance expense related to
UMB-legacy employees as management excludes severance expense from
its internal evaluation of company performance. Severance expense
for Marquette-legacy employees is included in item (ii).
(iv) Represents expenses related to the buy-out and termination of
certain marketing and referral agreements in the company’s
institutional investment management business.
(v) Calculated using the company’s marginal tax rate of 36%.
(vi) Tax-exempt interest income has been adjusted to a tax
equivalent basis. The amount of such adjustment was an addition to
net interest income of $8.7 million and $6.5 million for the three
months ended December 31, 2016 and 2015, respectively and $31.0
million and $23.8 million for the year ended December 31, 2016 and
2015, respectively.
 

http://cts.businesswire.com/ct/CT?id=bwnews&sty=20170124006545r1&sid=cmtx6&distro=nx&lang=en

View source version on businesswire.com: http://www.businesswire.com/news/home/20170124006545/en/

SOURCE: UMB Financial Corporation

UMB Financial Corporation 
Media Contact: 
Rachael Crocker, 816-860-7775 
or 
Investor Relations Contact: 
Kay Gregory, 816-860-7106


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