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



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

Selected fourth quarter financial highlights:

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

Business Wire

KANSAS CITY, Mo -- January 22, 2013

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

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

Net Interest Income and Margin

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

Noninterest Income and Expense

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

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

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

Balance Sheet

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

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

Nonperforming loans increased to $28.1 million on December 31, 2012 from $25.6
million on December 31, 2011. As a percentage of loans, nonperforming loans
decreased to 0.49 percent as of December 31, 2012 compared to 0.52 percent on
December 31, 2011. Nonperforming loans are defined as nonaccrual loans and
restructured loans. The company’s allowance for loan losses totaled $71.4
million, or 1.26 percent of loans, as of December 31, 2012 compared to $72.0
million, or 1.45 percent of loans, as of December 31, 2011.

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

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

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

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

Dividend Declaration

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

Year-to-Date

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

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

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

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

Conference Call

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

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

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

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

Forward-Looking Statements:

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

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a financial services holding
company headquartered in Kansas City, Mo., offering complete banking, payment
solutions, asset servicing and institutional investment management to
customers. UMB operates banking and wealth management centers throughout
Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. It also
has a loan production office in Texas. Subsidiaries of the holding company
include mutual fund and alternative investment services groups, single-purpose
companies that deal with brokerage services and insurance, and a registered
investment advisor that manages the company's proprietary mutual funds and
investment advisory accounts for institutional customers. For more
information, visit umb.com or follow us on Twitter at @UMBBank, Facebook at
facebook.com/UMBBank and LinkedIn at linkedin.com/company/umb-bank.

                                            
CONSOLIDATED BALANCE SHEETS                    UMB Financial Corporation
(unaudited, dollars in thousands)                              
                                               December 31,
Assets                                         2012               2011        
                                                                   
Loans                                        $ 5,686,749        $ 4,960,343
Allowance for loan losses                      (71,426    )       (72,017    )
Net loans                                      5,615,323          4,888,326   
Loans held for sale                            3,877              10,215
Investment securities:
Available for sale                             6,937,463          6,107,882
Held to maturity                               114,756            89,246
Trading securities                             55,764             58,142
Federal Reserve Bank Stock and other           26,333             22,212      
Total investment securities                    7,134,316          6,277,482   
Federal funds and resell agreements            89,868             66,078
Interest-bearing due from banks                720,500            1,164,007
Cash and due from banks                        667,774            446,580
Bank premises and equipment, net               244,600            227,936
Accrued income                                 69,749             75,997
Goodwill                                       209,758            211,114
Other intangibles                              68,803             84,331
Other assets                                   102,628            89,332      
Total assets                                 $ 14,927,196       $ 13,541,398  
                                                                   
                                                                   
Liabilities
Deposits:
Noninterest-bearing demand                   $ 4,920,581        $ 3,941,372
Interest-bearing demand and savings            5,450,450          4,680,125
Time deposits under $100,000                   540,269            615,475
Time deposits of $100,000 or more              742,065            932,939     
Total deposits                                 11,653,365         10,169,911  
Federal funds and repurchase agreements        1,787,270          1,950,827
Short-term debt                                -                  12,000
Long-term debt                                 5,879              6,529
Accrued expenses and taxes                     182,468            186,380
Other liabilities                              18,869             24,619      
Total liabilities                              13,647,851         12,350,266  
                                                                   
Shareholders' Equity
Common stock                                   55,057             55,057
Capital surplus                                732,069            723,299
Retained earnings                              787,015            697,923
Accumulated other comprehensive income         85,588             81,099
Treasury stock                                 (380,384   )       (366,246   )
Total shareholders' equity                     1,279,345          1,191,132   
Total liabilities and shareholders'          $ 14,927,196       $ 13,541,398  
equity
                                                                              

                                                        
Consolidated
Statements of                                            UMB Financial Corporation
Income
(unaudited, dollars in thousands                                         
except share and per share data)
                     Three Months Ended                  Year Ended
                     December 31,                        December 31,
Interest Income      2012               2011             2012             2011
Loans            $   54,778         $   54,557       $   217,391      $   219,076
Securities:
Taxable interest     19,090             20,223           81,013           85,120
Tax-exempt           9,779              9,422            38,224           34,766
interest
Total securities     28,869             29,645           119,237          119,886
income
Federal funds
and resell           32                 28               121              102
agreements
Interest-bearing     367                652              1,789            3,284
due from banks
Trading              577                623              1,147            1,305
securities
Total interest       84,623             85,505           339,685          343,653
income
                                                                                      
Interest Expense
Deposits             3,973              5,660            17,416           24,628
Federal funds
and repurchase       482                307              1,884            1,712
agreements
Other                (61        )       5                329              340
Total interest       4,394              5,972            19,629           26,680
expense
Net interest         80,229             79,533           320,056          316,973
income
Provision for        4,000              5,000            17,500           22,200
loan losses
Net interest
income after         76,229             74,533           302,556          294,773
provision for
loan losses
                                                                                      
Noninterest
Income
Trust and
securities           58,338             51,101           225,094          208,392
processing
Trading and
investment           6,421              7,270            30,359           27,720
banking
Service charges      20,503             18,990           78,694           74,659
on deposits
Insurance fees       1,146              968              4,095            4,375
and commissions
Brokerage fees       2,782              2,410            11,105           9,950
Bankcard fees        14,536             12,898           60,567           59,767
Gains on sale of
available for        210                234              20,232           16,125
sale securities,
net
Other                5,338              3,898            27,976           13,344
Total
noninterest          109,274            97,769           458,122          414,332
income
                                                                                      
Noninterest
Expense
Salaries and
employee             83,124             74,030           319,852          294,756
benefits
Occupancy, net       9,568              9,825            37,927           38,406
Equipment            11,466             10,593           43,465           42,728
Supplies and         5,788              5,496            21,045           22,166
services
Marketing and
business             6,990              5,958            24,604           20,150
development
Processing fees      12,819             11,788           51,191           49,985
Legal and            6,142              5,637            17,980           15,601
consulting
Bankcard             4,582              3,528            18,154           15,600
Amortization of
intangible           3,547              3,913            14,775           16,100
assets
Regulatory fees      2,351              2,154            9,447            10,395
Class action
litigation           -                  -                -                7,800
settlement
Other                11,582             9,299            32,014           29,059
Total
noninterest          157,959            142,221          590,454          562,746
expense
                                                                                      
Income before        27,544             30,081           170,224          146,359
income taxes
Income tax           6,484              6,815            47,507           39,887
provision
Net income       $   21,060         $   23,266       $   122,717      $   106,472
                                                                                      
Per Share Data
Net income -     $   0.53           $   0.58         $   3.07         $   2.66
basic
Net income –         0.52               0.58             3.04             2.64
diluted
Dividends            0.215              0.205            0.830            0.790
Weighted average
shares               39,996,209         39,967,448       40,034,428       40,034,435
outstanding
                                                                                      

                     
Condensed
Statements of
Consolidated          UMB Financial Corporation
Comprehensive
Income (Loss)
(unaudited,
dollars in                                              
thousands, except
per share data)
                      Three Months Ended             Year Ended

                      December 31,                   December 31,
                      2012            2011           2012            2011       
Net Income            $ 21,060        $ 23,266       $ 122,717       $ 106,472
Other
comprehensive
income, net of
tax:
Unrealized gains
on securities:
Change in
unrealized              (25,456 )       5,931          27,164          104,204
holding gains,
net
Less:
Reclassifications
adjustment for          (210    )       (234   )       (20,232 )       (16,125 )
gains included in
net income
Change in
unrealized gains        (25,666 )       5,697          6,932           88,079
on securities
during the period
Income tax              9,708           (2,033 )       (2,443  )       (32,445 )
expense
Other
comprehensive           (15,958 )       3,664          4,489           55,634   
(loss) income
Comprehensive         $ 5,102         $ 26,930       $ 127,206       $ 162,106  
income
                                                                        

                                                                                                   
Consolidated
Statements of
Shareholders'                                                    UMB Financial Corporation
Equity
(unaudited, dollars in thousands, except
per share data)
                                                                                                       
                                                                                                       
                                                                 Accumulated
                                                                 Other
                    Common       Capital         Retained        Comprehensive       Treasury
                    Stock        Surplus         Earnings        Income              Stock            Total
Balance -
January 1,        $ 55,057     $ 718,306       $ 623,415       $ 25,465            $ (361,383 )     $ 1,060,860
2011
Total
Comprehensive                                    106,472         55,634                               162,106
income
Cash
dividends           -            -               (31,964 )       -                   -                (31,964   )
($0.79 per
share)
Purchase of
treasury            -            -               -               -                   (9,142   )       (9,142    )
stock
Issuance of         -            (2,244  )       -               -                   2,484            240
equity awards
Recognition
of equity           -            6,510           -               -                   -                6,510
based
compensation
Net tax
benefit
related to          -            79              -               -                   -                79
equity
compensation
plans
Sale of
treasury            -            295             -               -                   315              610
stock
Exercise of         -            353             -               -                   1,480            1,833      
stock options
Balance –
December 31,      $ 55,057     $ 723,299       $ 697,923       $ 81,099            $ (366,246 )     $ 1,191,132  
2011
                                                                                                       
Balance -
January 1,        $ 55,057     $ 723,299       $ 697,923       $ 81,099            $ (366,246 )     $ 1,191,132
2012
Total
Comprehensive                                    122,717         4,489                                127,206
income
Cash
dividends           -            -               (33,625 )       -                   -                (33,625   )
($0.83 per
share)
Purchase of
treasury            -            -               -               -                   (20,419  )       (20,419   )
stock
Issuance of         -            (1,911  )       -               -                   2,156            245
equity awards
Recognition
of equity           -            6,917           -               -                   -                6,917
based
compensation
Net tax
benefit
related to          -            359             -               -                   -                359
equity
compensation
plans
Sale of
treasury            -            587             -               -                   389              976
stock
Exercise of         -            2,818           -               -                   3,736            6,554      
stock options
Balance –
December 31,      $ 55,057     $ 732,069       $ 787,015       $ 85,588            $ (380,384 )     $ 1,279,345  
2012
                                                                                                       

                                          
Average Balances /                                    UMB Financial Corporation          
Yields and Rates
(tax - equivalent                                                           
basis)
(unaudited, dollars       Year Ended December 31,
in thousands)
                          2012                              2011
                          Average          Average          Average          Average
Assets                    Balance          Yield/Rate       Balance          Yield/Rate  
Loans, net of           $ 5,251,278        4.14       %   $ 4,756,165        4.61       %
unearned interest
Securities:
Taxable                   4,612,510        1.76             4,224,456        2.01
Tax-exempt                1,862,786        3.11             1,497,834        3.54
Total securities          6,475,296        2.14             5,722,290        2.41
Federal funds and         26,459           0.46             31,273           0.32
resell agreements
Interest-bearing          547,817          0.33             837,807          0.39
due from banks
Trading securities        53,227           2.34             51,927           2.64
Total earning             12,354,077       2.91             11,399,462       3.18
assets
Allowance for loan        (72,984    )                      (73,002    )
losses
Other assets              1,108,099                         1,090,814   
Total assets            $ 13,389,192                      $ 12,417,274  
                                                                                         
                                                                                         
Liabilities and
Shareholders'
Equity
Interest-bearing        $ 6,265,040        0.28       %   $ 6,178,795        0.40       %
deposits
Federal funds and
repurchase                1,410,478        0.13             1,471,011        0.12
agreements
Borrowed funds            11,514           2.86             36,580           0.93
Total
interest-bearing          7,687,032        0.26             7,686,386        0.35
liabilities
Noninterest-bearing       4,256,618                         3,414,843
demand deposits
Other liabilities         187,258                           177,420
Shareholders'             1,258,284                         1,138,625   
equity
Total liabilities
and shareholders'       $ 13,389,192                      $ 12,417,274  
equity
Net interest spread                        2.65       %                      2.83       %
Net interest margin                        2.75                              2.94
                                                                                         
                                                                                         
                          Three Months Ended December 31,
                          2012                              2011
                          Average          Average          Average          Average
Assets                    Balance          Yield/Rate       Balance          Yield/Rate  
Loans, net of           $ 5,440,463        4.01       %   $ 4,875,327        4.45       %
unearned interest
Securities:
Taxable                   4,871,764        1.56             4,209,819        1.91
Tax-exempt                1,950,812        2.98             1,704,167        3.33
Total securities          6,822,576        1.98             5,913,986        2.32
Federal funds and         22,804           0.56             35,307           0.30
resell agreements
Interest-bearing          471,405          0.31             627,953          0.41
due from banks
Trading securities        63,608           3.79             56,505           4.45
Total earning             12,820,856       2.78             11,509,078       3.11
assets
Allowance for loan        (72,204    )                      (72,682    )
losses
Other assets              1,132,727                         1,109,799   
Total assets            $ 13,881,379                      $ 12,546,195  
                                                                                         
                                                                                         
Liabilities and
Shareholders'
Equity
Interest-bearing        $ 6,365,088        0.25       %   $ 6,022,262        0.37       %
deposits
Federal funds and
repurchase                1,305,573        0.15             1,248,200        0.10
agreements
Borrowed funds            5,944            (4.08   )        41,513           0.04
Total
interest-bearing          7,676,605        0.23             7,311,975        0.32
liabilities
Noninterest-bearing       4,711,790                         3,863,446
demand deposits
Other liabilities         198,609                           192,059
Shareholders'             1,294,375                         1,178,715   
equity
Total liabilities
and shareholders'       $ 13,881,379                      $ 12,546,195  
equity
Net interest spread                        2.55       %                      2.79       %
Net interest margin                        2.64                              2.91
                                                                                         

                                                               
FOURTH QUARTER 2012
FINANCIAL HIGHLIGHTS                            UMB Financial Corporation
(unaudited, dollars in thousands, except share and per
share data)
                                                                              
Year Ended December 31                          2012              2011        
Net interest income                         $   320,056         $ 316,973
Provision for loan losses                       17,500            22,200
Noninterest income                              458,122           414,332
Noninterest expense                             590,454           562,746
Income before income taxes                      170,224           146,359
Net income                                      122,717           106,472
Net income per share - Basic                    3.07              2.66
Net income per share - Diluted                  3.04              2.64
Return on average assets                        0.92        %     0.86       %
Return on average equity                        9.75        %     9.35       %
                                                                              
Three Months Ended December 31
Net interest income                         $   80,229          $ 79,533
Provision for loan losses                       4,000             5,000
Noninterest income                              109,274           97,769
Noninterest expense                             157,959           142,221
Income before income taxes                      27,544            30,081
Net income                                      21,060            23,266
Net income per share - Basic                    0.53              0.58
Net income per share - Diluted                  0.52              0.58
Return on average assets                        0.60        %     0.74       %
Return on average equity                        6.47        %     7.83       %
                                                                              
At December 31
Assets                                      $   14,927,196      $ 13,541,398
Loans, net of unearned interest                 5,686,749         4,960,343
Securities                                      7,134,316         6,277,482
Deposits                                        11,653,365        10,169,911
Shareholders' equity                            1,279,345         1,191,132
Book value per share                            31.71             29.46
Market price per share                          43.82             37.25
Equity to assets                                8.57        %     8.80       %
Allowance for loan losses                   $   71,426          $ 72,017
As a % of loans                                 1.26        %     1.45       %
Nonaccrual and restructured loans           $   28,103          $ 25,581
As a % of loans                                 0.49        %     0.52       %
Loans over 90 days past due                 $   3,554           $ 5,998
As a % of loans                                 0.06        %     0.12       %
Other real estate owned                     $   3,524           $ 5,959
Net loan charge-offs quarter-to-date        $   3,941           $ 5,859
As a % of average loans                         0.29        %     0.48       %
Net loan charge-offs year-to-date           $   18,091          $ 24,135
As a % of average loans                         0.35        %     0.51       %
                                                                              
Common shares outstanding                       40,340,878        40,426,342
                                                                              
Average Balances
Year Ended December 31
Assets                                      $   13,389,192      $ 12,417,274
Loans, net of unearned interest                 5,251,278         4,756,165
Securities                                      6,528,523         5,774,217
Deposits                                        10,521,658        9,593,638
Shareholders' equity                            1,258,284         1,138,625
                                                                              

                                         
Business Segment Information            UMB Financial Corporation
(unaudited, dollars in thousands)                                               
                Three Months Ended December 31, 2012
                                 Payment       Institutional     Asset
                Bank                           Investment        Servicing         Total
                                 Solutions     Management
Net
interest        $ 68,566         $ 11,227      $    -            $ 436           $ 80,229
income
Provision
for loan          1,674            2,326            -              -               4,000
losses
Noninterest       47,804           17,601           25,508         18,361          109,274
income
Noninterest       100,892          19,873           20,152         17,042          157,959
expense
Income
before            13,804           6,629            5,356          1,755           27,544
taxes
Income tax        2,905            1,851            1,202          526             6,484
expense
Net income      $ 10,899         $ 4,778       $    4,154        $ 1,229         $ 21,060
                                                                                    
Average         $ 11,245,000     $ 941,000     $    79,000       $ 1,616,000     $ 13,881,000
assets
                                                                                    
                                                                                    
                Three Months Ended December 31, 2011
                                 Payment       Institutional     Asset
                Bank             Solutions     Investment        Servicing         Total
                                               Management
Net
interest        $ 68,814         $ 10,504      $    2            $ 213           $ 79,533
income
Provision
for loan          2,211            2,789            -              -               5,000
losses
Noninterest       47,828           12,944           19,800         17,197          97,769
income
Noninterest       96,422           15,233           14,712         15,854          142,221
expense
Income
before            18,009           5,426            5,090          1,556           30,081
taxes
Income tax        3,809            1,444            1,153          409             6,815
expense
Net income      $ 14,200         $ 3,982       $    3,937        $ 1,147         $ 23,266
                                                                                    
Average         $ 10,635,000     $ 792,000     $    93,000       $ 1,026,000     $ 12,546,000
assets
                                                                                    

                Year Ended December 31, 2012
                                 Payment       Institutional     Asset
                Bank                           Investment        Servicing         Total
                                 Solutions     Management
Net
interest        $ 275,178        $ 43,351      $   2             $ 1,525         $ 320,056
income
Provision
for loan          8,098            9,402           -               -               17,500
losses
Noninterest       216,688          65,723          100,093         75,618          458,122
income
Noninterest       383,034          68,903          70,527          67,990          590,454
expense
Income
before            100,734          30,769          29,568          9,153           170,224
taxes
Income tax        26,533           9,430           8,269           3,275           47,507
expense
Net income      $ 74,201         $ 21,339      $   21,299        $ 5,878         $ 122,717
                                                                                    
Average         $ 10,949,000     $ 876,000     $   82,000        $ 1,482,000     $ 13,389,000
assets
                                                                                    
                Year Ended December 31, 2011
                                 Payment       Institutional     Asset
                Bank             Solutions     Investment        Servicing         Total
                                               Management
Net
interest        $ 273,481        $ 42,101      $   45            $ 1,346         $ 316,973
income
Provision
for loan          11,060           11,140          -               -               22,200
losses
Noninterest       205,877          54,702          83,955          69,798          414,332
income
Noninterest       378,065          56,367          64,050          64,264          562,746
expense
Income
before            90,233           29,296          19,950          6,880           146,359
taxes
Income tax        23,085           9,002           5,534           2,266           39,887
expense
Net income      $ 67,148         $ 20,294      $   14,416        $ 4,614         $ 106,472
                                                                                    
Average         $ 10,336,000     $ 717,000     $   90,000        $ 1,274,000     $ 12,417,000
assets

Contact:

UMB Financial Corporation
Media Contact:
Kelli Christman: 816-860-5088
or
Investor Relations Contact:
Kay McMillan, 816-860-7106
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