Form 8-K UMB FINANCIAL CORP For: Apr 28

April 28, 2015 1:14 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): 4/28/2015

UMB FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Commission File Number : 0-4887


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

1010 Grand Blvd., Kansas City, MO 64106

(Address of principal executive offices, including zip code)

(816) 860-7000

(Registrant’s telephone number, including area code)

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

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

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

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

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

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

Item 2.02

Results of Operations and Financial Condition

On April 28, 2015, UMB Financial Corporation (the “Company”) issued a press release announcing the financial results for the Company for the quarter ending March 31, 2015. A copy of the press release is attached as Exhibit 99.1.

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

Item 7.01

Regulation FD Disclosure

The information provided under Item 7.01 of this Current Report on Form 8-K is being furnished and is not deemed to be “filed” with the SEC for the purposes of Section 18 of the Exchange Act of 1934, as amended or otherwise subject to the liabilities of that section.

The Company is furnishing a copy of materials that will be used in the presentation delivered by Company representatives at the Annual Meeting of Shareholders that will be held at 9:00 a.m. (CDT) in the Company’s auditorium. A copy of the materials is attached as Exhibit 99.2 and will be available on the Company’s website at www.umb.com. The materials are dated April 28, 2015, and the Company disclaims any obligation to correct or update any of the materials in the future.

The Company is furnishing a copy of materials that will be used in the Company’s shareholder conference call on April 29, 2015, at 8:30 a.m. (CDT). A copy of the materials is attached as Exhibit 99.3 and will be available on the Company’s website at www.umb.com. The materials are dated April 28, 2015, and the Company disclaims any obligation to correct or update any of the materials in the future.

Item 9.01

Financial Statements and Exhibits



Exhibit 99.1		Press release announcing 1^st quarter financial results.

Exhibit 99.2		Presentation for Annual Meeting of Shareholders.

Exhibit 99.3		Presentation for Conference Call.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


UMB FINANCIAL CORPORATION

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

Date: April 28, 2015

Exhibit 99.1

LOGO


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

//FOR IMMEDIATE RELEASE//

Media Contact: Kelli Christman: 816.860.5088

Investor Relations Contact: Abby Wendel: 816.860.1685

UMB Financial Corporation Reports First Quarter 2015 Earnings of $33.8 million, or $0.74 per Diluted Share

Selected first quarter financial highlights:

•

Average loans for the three months ended March 31, 2015, increased 11.8 percent to $7.5 billion compared to the three months ended March 31, 2014

•

Average total deposits for the three months ended March 31, 2015, increased 1.0 percent to $13.3 billion compared to the three months ended March 31, 2014

•

Nonperforming loans decreased to 0.39 percent of loans as of March 31, 2015, from 0.45 percent of loans as of March 31, 2014

•

Noninterest income increased 1.8 percent from the first quarter 2014 to $125.2 million, and was 58.1 percent of total revenue

•

Total company assets under management stood at $42.3 billion at March 31, 2015

•

Return on average assets increased to 0.81 percent at March 31, 2015, from 0.58 percent at March 31, 2014

•

Return on average equity increased to 8.18 percent at March 31, 2015, from 6.13 percent at March 31, 2014

•

Tier 1 capital ratio remains strong at 12.91 percent under the new Basel III capital requirements

KANSAS CITY, Mo. (April 28, 2015) – UMB Financial Corporation (Nasdaq: UMBF), a diversified financial holding company, announced earnings for the three months ended March 31, 2015 of $33.8 million or $0.75 per share ($0.74 diluted). This is an increase of $10.4 million, or 44.2 percent, compared to first quarter 2014 earnings of $23.4 million or $0.52 per share ($0.52 diluted).

“This year is off to a good start for UMB, and we plan to focus on three main areas to continue growing our company,” said Mariner Kemper, Chairman and Chief Executive Officer. “First, our long-term strategy continues to maximize operating leverage while managing expenses over the long term. Second, we continue to focus on improving performance in Scout Investments, which

is the best way to stem future outflows. Finally, we are optimistic that our announced acquisition of Marquette Financial Companies will be approved and we’ll bring two great companies together with a strong go-to-market strategy.”

“For the first quarter of 2015, average loan balances increased 11.8 percent to $7.5 billion,” Kemper continued. “This year-over-year growth was fueled by commercial and industrial, commercial real estate and construction loan growth across our entire footprint. We continue growing our loan portfolio while adhering to our careful underwriting philosophy, as evidenced by a 0.39 percent nonperforming loans as a percentage of the total loan portfolio. Fee businesses also remain an important part of our diversified financial services model. Healthcare Services continues to perform well, with $1.4 billion in purchase volume for the quarter, an increase of 21.1 percent compared to the same quarter last year. Healthcare deposits and assets now stand at $1.2 billion as of March 31, 2015. Additionally, assets under administration at UMB Fund Services increased $7.2 billion compared to the first quarter 2014, driving revenue to $24.4 million, an increase of 5.5 percent compared to first quarter 2014 revenue.”

Net Interest Income and Margin

Net interest income for the first quarter of 2015 increased $4.9 million, or 5.7 percent, compared to the same period in 2014. Average earning assets increased by $327.1 million, or 2.1 percent, compared to the first quarter of 2014. This increase was due to a $791.2 million, or 11.8 percent, increase in average loans, offset by a $588.6 million, of 34.7 percent, decrease in average interest bearing due from banks. Net interest margin increased seven basis points to 2.46 percent for the three months ended March 31, 2015, compared to the same quarter in 2014.

Noninterest Income and Expense

Noninterest income increased $2.2 million, or 1.8 percent, for the three months ended March 31, 2015, compared to the same period in 2014. Increases in noninterest income include an increase of $5.9 million in gains on sales of securities available for sale and a $1.8 million, or 41.6 percent, increase in trading and investment banking income. Decreases in noninterest income include trust and securities processing income, which decreased $4.3 million, or 6.0 percent, for the three months ended March 31, 2015, compared to the same period in 2014. The decrease in trust and securities processing income was largely due to an $8.9 million, or 35.4 percent, decrease in advisory fee income from the Scout Funds, offset by a $2.2 million, or 9.6 percent, increase in fees related to institutional and personal investment management services, and a $2.1 million, or 9.9 percent, increase in fund administration and custody services. Equity earnings on alternative investments decreased $3.4 million due to a decline in unrealized gains on Prairie Capital Management (PCM) equity method investments for the three months ended March 31, 2015, compared to the same period in 2014.

Noninterest expense decreased $7.8 million, or 4.5 percent, for the three months ended March 31, 2015, compared to the same period in 2014. The primary drivers of the decrease were a $15.0 million contingency reserve recorded in the first quarter of 2014 with no related reserve during the same period in 2015, and a $5.1 million, or 49.1 percent, decrease in other noninterest expense for the three months ended March 31, 2015, compared to the same period in 2014. The decrease in other noninterest expense was due to a decrease of $6.7 million in fair value adjustments on contingent consideration expense. These decreases were offset by an increase in salaries and benefits expense, which increased by $9.7 million or 10.9 percent. This was due to an increase of $4.8 million, or 9.2 percent, in salaries and wages, a $3.2 million, or 17.9 percent, an increase in commissions and bonuses, and a $1.7 million, or 9.0 percent, increase in employee benefits expense. Equipment expense increased by $1.5 million, or 11.9 percent, due to an increase in computer and hardware expenses. Legal and consulting expenses increased $1.0

million, or 29.8 percent. Included in total noninterest expense for the three-month period ended March 31, 2015 is $0.8 million of acquisition-related expenses related to the pending acquisition of Marquette Financial Companies, primarily due to legal and consulting expenses.

Balance Sheet

Average total assets for the three months ended March 31, 2015 were $16.8 billion compared to $16.5 billion for the same period in 2014, an increase of $327.7 million, or 2.0 percent. Average earning assets increased by $327.1 million for the period, or 2.1 percent.

Average loan balances for the three months ended March 31, 2015 increased $791.2 million, or 11.8 percent, to $7.5 billion compared to the same period in 2014. Actual loan balances on March 31, 2015 were $7.5 billion, an increase of $739.2 million, or 10.9 percent, compared to March 31, 2014. This increase was driven by an increase in commercial and industrial loans of $318.5 million, or 9.1 percent, and an increase in commercial real estate loans of $232.2 million, or 13.6 percent, and an increase in construction real estate loans of $70.3 million or 37.8 percent.

Nonperforming loans, defined as nonaccrual loans and restructured loans on nonaccrual, decreased to $29.2 million on March 31, 2015 from $30.2 million on March 31, 2014. As a percentage of loans, nonperforming loans decreased to 0.39 percent as of March 31, 2015, compared to 0.45 percent on March 31, 2014. The company’s allowance for loan losses totaled $77.5 million, or 1.03 percent of loans, as of March 31, 2015, compared to $75.5 million, or 1.12 percent of loans, as of March 31, 2014.

For the three months ended March 31, 2015, average securities, including trading securities, totaled $7.2 billion. This is an increase of $117.4 million, or 1.7 percent, from the same period in 2014.

Average total deposits increased $127.2 million, or 1.0 percent, to $13.3 billion for the three months ended March 31, 2015, compared to the same period in 2014. Average noninterest-bearing demand deposits increased $493.4 million, or 9.5 percent, in the first quarter of compared to the same one in 2014. Average interest-bearing deposits decreased by $366.1 million, or 4.6 percent, in the first quarter of 2015 as compared to the same period in 2014. Total deposits as of March 31, 2015 were $13.2 billion, compared to $12.3 billion as of March 31, 2014, a 7.3 percent increase. Also, as of March 31, 2015, noninterest-bearing demand deposits were 42.7 percent of total deposits.

“We continue to make progress on our strategy to shift the balance sheet into higher-yielding loans versus investment securities,” said Brian Walker, Chief Financial Officer. “First quarter 2015 average loans were a higher percentage of earning assets than first quarter 2014 average loans, resulting in a 56.3 percent loan-to-deposit ratio and a 2.46 percent net interest margin. We are encouraged by the year-over-year margin improvement and are cautiously optimistic for the remainder of 2015.”

As of March 31, 2015, UMB had total shareholders’ equity of $1.7 billion, an increase of 9.1 percent as compared to March 31, 2014.

Conference Call

The company plans to host a conference call to discuss its 2015 first quarter earnings results on April 29, 2015, 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 1Q 2015 Conference Call

A replay of the conference call may be heard until May 14, 2015, by calling (toll-free) 877-344-7529 or (U.S.) 412-317-0088. The replay pass code required for playback is 10063617. The call replay may also be accessed via the company’s website umbfinancial.com by visiting the investor relations area.

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

About UMB:

UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors. For more information, visit umb.com, umbfinancial.com, blog.umb.com or follow us on Twitter at @UMBBank, Facebook at facebook.com/UMBBank and LinkedIn at linkedin.com/company/umb-bank.


Consolidated Balance Sheets		UMB Financial Corporation
(unaudited, dollars in thousands)

	March 31,
	2015			2014
Assets
Loans	$	7,498,308		$	6,759,089
Allowance for loan losses		(77,479	)		(75,514	)

Net loans		7,420,829			6,683,575

Loans held for sale		3,141			1,108
Investment securities:
Available for sale		6,787,001			6,734,931
Held to maturity		346,885			219,724
Trading securities		29,380			43,055
Other securities		67,200			54,551

Total investment securities		7,230,466			7,052,261

Federal funds and resell agreements		24,379			108,986
Interest-bearing due from banks		769,321			770,458
Cash and due from banks		449,315			593,956
Bank premises and equipment, net		263,542			247,770
Accrued income		80,083			75,384
Goodwill		209,758			209,758
Other intangibles		41,236			52,483
Other assets		238,053			150,091

Total assets	$	16,730,123		$	15,945,830

Liabilities
Deposits:
Noninterest-bearing demand	$	5,617,788		$	5,303,067
Interest-bearing demand and savings		6,668,991			5,747,984
Time deposits under $100,000		416,497			458,484
Time deposits of $100,000 or more		453,012			756,236

Total deposits		13,156,288			12,265,771

Federal funds and repurchase agreements		1,719,080			1,973,736
Long-term debt		7,600			5,815
Accrued expenses and taxes		135,758			118,918
Other liabilities		29,021			39,392

Total liabilities		15,047,747			14,403,632

Shareholders’ Equity
Common stock		55,057			55,057
Capital surplus		892,658			883,195
Retained earnings		986,923			897,826
Accumulated other comprehensive income (loss)		26,810			(13,297	)
Treasury stock		(279,072	)		(280,583	)

Total shareholders’ equity		1,682,376			1,542,198

Total liabilities and shareholders’ equity	$	16,730,123		$	15,945,830


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

	Three Months Ended
	March 31,
	2015			2014
Interest Income
Loans	$	64,232		$	58,900
Securities:
Taxable Interest		18,808			18,961
Tax-exempt interest		9,915			9,907

Total securities income		28,723			28,868
Federal funds and resell agreements		51			33
Interest bearing due from banks		852			1,123
Trading securities		95			123

Total interest income		93,953			89,047

Interest Expense
Deposits		3,048			3,059
Federal funds and repurchase agreements		492			481
Other		55			62

Total interest expense		3,595			3,602

Net interest income		90,358			85,445
Provision for loan losses		3,000			4,500

Net interest income after provision for loan losses		87,358			80,945

Noninterest Income
Trust and securities processing		67,299			71,563
Trading and investment banking		6,122			4,323
Service charges on deposits		21,541			21,558
Insurance fees and commissions		570			603
Brokerage fees		2,854			1,815
Bankcard fees		16,183			15,623
Gains on sales of securities available for sale		7,336			1,470
Equity (loss) earnings on alternative investments		(842	)		2,530
Other		4,144			3,479

Total noninterest income		125,207			122,964

Noninterest Expense
Salaries and employee benefits		98,537			88,881
Occupancy, net		10,010			9,705
Equipment		14,172			12,663
Supplies, postage and telephone		4,325			4,637
Marketing and business development		4,618			4,602
Processing fees		12,783			13,651
Legal and consulting		4,378			3,372
Bankcard		4,768			3,688
Amortization of other intangibles		2,755			3,102
Regulatory fees		2,756			2,516
Contingency reserve		—			15,000
Other		5,311			10,424

Total noninterest expense		164,413			172,241

Income before income taxes		48,152			31,668

Income tax provision		14,387			8,255

Net income	$	33,765		$	23,413

Per Share Data
Net income- Basic	$	0.75		$	0.52
Net income- Diluted		0.74			0.52
Dividends		0.235			0.225
Weighted average shares outstanding – basic		45,000,831			44,742,068
Weighted average shares outstanding – diluted		45,437,654			45,382,692


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

	Three Months Ended March 31,
	2015			2014
Net Income	$	33,765		$	23,413
Other comprehensive income, net of tax:
Unrealized gains on securities:
Change in unrealized holding gains, net		32,676			32,459
Less: Reclassifications adjustment for gains included in net income		(7,336	)		(1,470	)

Change in unrealized gains on securities during the period		25,340			30,989
Income tax expense		(9,536	)		(11,646	)

Other comprehensive income		15,804			19,343

Comprehensive income	$	49,569		$	42,756


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

									Accumulated
									Other
	Common		Capital			Retained			Comprehensive			Treasury
	Stock		Surplus			Earnings			Income (Loss)			Stock			Total
Balance - January 1, 2014	$	55,057	$	882,407		$	884,630		$	(32,640	)	$	(283,389	)	$	1,506,065
Total comprehensive income (loss)		—		—			23,413			19,343			—			42,756
Cash dividends ($0.225 per share)		—		—			(10,217	)		—			—			(10,217	)
Purchase of treasury stock		—		—			—			—			(2,867	)		(2,867	)
Issuance of equity awards		—		(3,648	)		—			—			4,117			469
Recognition of equity based compensation		—		2,212			—			—			—			2,212
Net tax benefit related to equity compensation plans		—		1,068			—			—			—			1,068
Sale of treasury stock		—		143			—			—			77			220
Exercise of stock options		—		1,013			—			—			1,479			2,492

Balance – March 31, 2014	$	55,057	$	883,195		$	897,826		$	(13,297	)	$	(280,583	)	$	1,542,198

Balance - January 1, 2015	$	55,057	$	894,602		$	963,911		$	11,006		$	(280,818	)	$	1,643,758
Total comprehensive income		—		—			33,765			15,804			—			49,569
Cash dividends ($0.235 per share)		—		—			(10,753	)		—			—			(10,753	)
Purchase of treasury stock		—		—			—			—			(5,309	)		(5,309	)
Issuance of equity awards		—		(5,848	)		—			—			6,308			460
Recognition of equity based compensation		—		2,609			—			—			—			2,609
Net tax benefit related to equity compensation plans		—		585			—			—			—			585
Sale of treasury stock		—		141			—			—			94			235
Exercise of stock options		—		569			—			—			653			1,222

Balance – March 31, 2015	$	55,057	$	892,658		$	986,923		$	26,810		$	(279,072	)	$	1,682,376


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

	Three Months Ended March 31,
	2015						2014
	Average			Average			Average			Average
	Balance			Yield/Rate			Balance			Yield/Rate
Assets
Loans, net of unearned interest	$	7,470,101			3.49	%	$	6,678,932			3.58	%
Securities:
Taxable		4,868,560			1.57			4,887,151			1.57
Tax-exempt		2,254,237			2.75			2,109,901			2.93

Total securities		7,122,797			1.94			6,997,052			1.98
Federal funds and resell agreements		34,340			0.60			27,155			0.49
Interest-bearing due from banks		1,107,862			0.31			1,696,482			0.27
Trading securities		30,221			1.84			38,590			1.48

Total earning assets		15,765,321			2.56			15,438,211			2.48
Allowance for loan losses		(76,574	)					(74,997	)
Other assets		1,143,208						1,141,037

Total assets	$	16,831,955					$	16,504,251

Liabilities and Shareholders’ Equity
Interest-bearing deposits	$	7,602,258			0.16	%	$	7,968,400			0.16	%
Federal funds and repurchase agreements		1,710,908			0.12			1,667,764			0.12
Borrowed funds		8,331			2.68			5,705			4.41

Total interest-bearing liabilities		9,321,497			0.16			9,641,869			0.15
Noninterest-bearing demand deposits		5,660,893						5,167,513
Other liabilities		174,804						147,147
Shareholders’ equity		1,674,761						1,547,722

Total liabilities and shareholders’ equity	$	16,831,955					$	16,504,251

Net interest spread					2.40	%					2.33	%
Net interest margin					2.46						2.39


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

Three Months Ended March 31	2015			2014
Net interest income	$	90,358		$	85,445
Provision for loan losses		3,000			4,500
Noninterest income		125,207			122,964
Noninterest expense		164,413			172,241
Income before income taxes		48,152			31,668
Net income		33,765			23,413
Net income per share - Basic		0.75			0.52
Net income per share - Diluted		0.74			0.52
Return on average assets		0.81	%		0.58	%
Return on average equity		8.18	%		6.13	%

At March 31
Assets	$	16,730,123		$	15,945,830
Loans, net of unearned interest		7,498,308			6,759,089
Securities		7,230,466			7,052,261
Deposits		13,156,288			12,265,771
Shareholders’ equity		1,682,376			1,542,198
Book value per share		36.76			33.94
Market price per share		52.89			64.70
Equity to assets		10.06	%		9.67	%
Allowance for loan losses	$	77,479		$	75,514
As a % of loans		1.03	%		1.12	%
Nonaccrual and restructured loans	$	29,187		$	30,153
As a % of loans		0.39	%		0.45	%
Loans over 90 days past due	$	5,170		$	5,101
As a % of loans		0.07	%		0.08	%
Other real estate owned	$	500		$	1,286
Net loan charge-offs quarter-to-date	$	1,661		$	3,737
As a % of average loans		0.09	%		0.23	%

Common shares outstanding		45,763,132			45,433,101

Average Balances Three Months Ended March 31
Assets	$	16,831,955		$	16,504,251
Loans, net of unearned interest		7,470,101			6,678,932
Securities		7,153,018			7,035,642
Deposits		13,263,151			13,135,913
Shareholders’ equity		1,674,761			1,547,722


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

	Three Months Ended March 31, 2015
	Bank		Payment Solutions		Institutional Investment Management			Asset Servicing		Total
Net interest income	$	75,327	$	14,033	$	1		$	997	$	90,358
Provision for loan losses		1,600		1,400		—			—		3,000
Noninterest income		51,551		23,138		27,084			23,434		125,207
Noninterest expense		100,748		24,396		17,973			21,296		164,413

Income before taxes		24,530		11,375		9,112			3,135		48,152
Income tax expense		7,344		3,406		2,717			920		14,387

Net income	$	17,186	$	7,969	$	6,395		$	2,215	$	33,765

Average assets	$	12,749,000	$	3,086,000	$	73,000		$	924,000	$	16,832,000

	Three Months Ended March 31, 2014
	Bank		Payment Solutions		Institutional Investment Management			Asset Servicing		Total
Net interest income	$	71,122	$	12,388	$	(3	)	$	1,938	$	85,445
Provision for loan losses		2,426		2,074		—			—		4,500
Noninterest income		47,435		20,219		34,095			21,215		122,964
Noninterest expense		107,861		20,948		25,889			17,543		172,241

Income before taxes		8,270		9,585		8,203			5,610		31,668
Income tax expense		2,005		2,593		2,146			1,511		8,255

Net income	$	6,265	$	6,992	$	6,057		$	4,099	$	23,413

Average assets	$	12,399,000	$	1,906,000	$	73,000		$	2,126,000	$	16,504,000

Strength in Balance.

Annual Meeting of Shareholders

April 28, 2015

UMB Financial

Exhibit 99.2

Cautionary Notice about Forward-Looking Statements

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

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

current

facts.

Forward-looking

statements

often

use

words

such

“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

any

forward-looking

statement

prediction

guarantee

about

the

future.

Our

actual

future

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

looking statement. Some of the factors that may cause actual results or other future events, circumstances, or aspirations to differ from

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

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

with the Securities and Exchange Commission (SEC).

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

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

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

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

that is filed or furnished with the SEC.

Agenda

Authenticity

2014 Performance & Highlights

Quarter 2015 Financials

Questions & Answers

Genuine

Not easily replicated

Trustworthy

Original

Experienced

Strong

Consistent

Continuity –

We’re in it for the long run

•

CEO tenure

4 generations

of consistent

leadership

All company and large bank CEO tenure statistics source: The Motley Fool, Sept. 5, 2013.

All Companies

8.1 years

Largest US Banks

6.9 years

11 years

Continuity –

We’re in it for the long run

•

Company-wide

•

Our Loan Committee—12 senior executives who guide our

lending—average 23 years at UMB

•

In Kansas City—our commercial lenders average 13 years

•

Footprint-wide—the average commercial lender has been

with UMB for 9 years

•

Lending team tenure

long-tenured

lenders

build

relationships.

—

—associates

average

nearly

years

with UMB

Consistency –

Steady business practices

Consistently independent—no government assistance, no

FDIC assisted deals

Consistent actions to diversify and innovate our business

Named as one of the best by Forbes for 6

year**

* Source FDIC reports

** Source: Forbes “Best Banks in America”

list, 2010 -

2015

o

1933 –

UMB turned down Emergency Banking Act assistance during the

Great Depression

o

2008 –

UMB did not participate in the Troubled Asset Relief Program

deposit market share in Kansas City for past 4 years*

Consistency –

Independence

“If we were to liquidate this bank today, we could

pay our depositors one hundred cents on the

dollar and collect our entire Surplus and Capital

Account of $700,000 and a large part of the

Undivided Profits Account.”

No need for government assistance –

then or now.

-R.

Crosby

Kemper,

Sr.

in a 1933 letter to the Missouri

Banking Commissioner

Consistency –

Stability Breeds Confidence

American Customer Satisfaction Index (ACSI)

“Score”

on 100-Point Scale

2013

2014

For ACSI:

2013

2014

For UMB:

Source

for

non-UMB

ACSI

scores:

www.theacsi.org

Source for UMB scores: Average of 3 questions, converted to 100-point scale

Q1: How satisfied would you say you are with UMB? Q2: To what extent has UMB exceeded or fallen short of your expectations? Q3: Now, I want you to imagine an

ideal bank. How well do you think UMB compares with that ideal bank?

100

All other banks

Bank of America

Wells Fargo

Citibank

J. P. Morgan Chase

Banking Industry Total

UMB

Consistency –

Returning Value to Shareholders

Annual Dividends Per Share Declared

Dividend

increase

= 114.1%

Industry

Median

+17.1%

increase

Industry is defined as all publicly traded banks with dividends reported in 2004 and 2014. Source: SNL Financial

More than

half of banks

decreased

dividends in

2009 or 2010

$0.425

$0.910

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Peer group consists of Bank of Oklahoma, Boston Private, Commerce, Cullen/Frost, CoBiz, City Natl., First Midwest, Hancock, Old Natl., Prosperity,

Signature, Silicon Valley, Trustmark, and Webster. Source for peer data: SNL Financial.

Consistency –

Unwavering Credit Standards

0.00%

0.50%

1.00%

1.50%

2.00%

Non-Performing Loans/Loans

UMBF

Peer Median

0.00%

0.50%

1.00%

1.50%

Net Chargeoffs/Avg. Loans

UMBF

Peer Median

Net

Charge-Offs

(000’s)

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

Commercial

Loans*

6,459

3,881

7,310

11,880

6,007

4,113

2,943

1,569

2,367

1,818

893

Credit Card

8,301

8,811

9,382

11,127

14,279

12,291

6,839

4,577

3,449

4,917

4,412

Other**

851

1,483

1,399

1,128

1,411

3,854

1,973

2,127

1,176

938

836

Total Net

Charge-Offs

15,611

14,175

18,091

24,135

21,697

20,258

11,755

8,273

6,992

7,673

6,141

Average

Total Loans

(billions)

NCOs as %

of average

loans

0.22%

0.23%

0.35%

0.51%

0.48%

0.47%

0.28%

0.21%

0.20%

0.25%

0.22%

Consistency –

Quality Underwriting

* Commercial Loans includes Commercial Loans and Commercial Real Estate.

** Other includes Consumer, Consumer Real Estate, Home Equity, and DDA Charge-offs.

6.98

6.22

5.25

4.76

4.49

4.38

4.19

3.90

3.58

3.13

2.78

Consistency –

Change is Constant

Key Interest Rates

Index Prices

December

31,

2004

–

December

31,

2014

10-yr Treasury

6-mo LIBOR

Fed Funds Rate

$70

$65

S&P 500: +69.9%

DJIA: +65.3%

$18.93

$36.10

Book Value

Evolution –

Then and Now

$1.23 Billion

$2.59 Billion

Market Capitalization

Average Deposits –

Full Year

$5.0 billion

$12.7 billion

Share Price -

UMBF

$28.33

$56.89

Total Assets

$7.8 billion

$17.5 billion

Average Loans –

Full Year

$2.8 billion

$7.0 billion

2004

2014

At December 31, except for averages

Building Strength & Balance

Evolution –

Optimizing our Balance Sheet

2014

Geographic

Expansion &

Penetration

Changing

Balance

Sheet

Asset

Management:

Growth &

Diversification

Asset

Servicing:

Adapting to

Changes

Healthcare

Services:

Evolving with

the Industry

2004

41.8%

51.6%

17.9%

20.8%

8.6%

4.3%

4.2%

21.0%

Evolution –

Loan Composition

2006

12/31/06 Loans -

$3.8 billion

2014

12/31/14 Loans -

$7.5 billion

4.0%

4.6%

5.1%

*Note: unlabeled categories comprise <4% each of total loans

CRE

C&I

CRE

C&I

Commercial Real Estate

C&I –

including leases

Farm RE (CRE category)

Residential RE (1-4 Family)

HELOC

RE Construction & Land Dev.

Multifamily RE (CRE category)

Consumer Credit Card

Consumer -

other

Commercial Credit Card

Consumer Loans

2004

2014

18.4%

39.9%

81.6%

60.1%

Commercial/Consumer Mix

annual averages

Commercial

Consumer

Real Estate –

related loans

32.0%

41.3%

Indirect Loans

Runoff from

$700M, June ‘07 -

Dec ‘11

33.9%

33.5%

54.8%

24.9%

7.5%

9.8%

6.8%

6.2%

6.8%

4.5%

Evolution –

Deposit Sources

Consumer Banking

Commercial & Small Business

Inst. Banking & Investor Services

Asset Servicing

Healthcare Services

Private Wealth Management

Institutional Asset Management

Small Business Banking

4.0% combined

•Private Wealth

•Healthcare

•Inst. Asset Mgmt

•Small Business

3.2%

4.1%

% Noninterest-

Bearing

12/31/06

33.5%

12/31/14

42.1%

Average Cost

of Deposits

12/31/06

1.77%

12/31/14

0.10%

2006

Average

Deposits

$5.5

billion

2014

Average

Deposits

$12.7

billion

Evolution –

Pushing our Boundaries

2014

Healthcare

Services:

Evolving with

the Industry

Geographic

Expansion &

Penetration

Changing

Balance

Sheet

2004

Asset

Management:

Growth &

Diversification

Asset

Servicing:

Adapting to

Changes

Fund Services

Prairie Capital

Healthcare Services –

National Sales

Scout Investments –

National Sales

Corporate Trust/Inst. Asset Mgmt.

UMB Bank presence

Loan Production Office

2004

Private Wealth/Personal Trust

2014

Fund Services

Prairie Capital

Healthcare

Services

–

National

Sales

Scout

Investments

–

National

Sales

Corporate Trust/Inst. Asset Mgmt.

UMB Bank presence

Loan Production Office

Private Wealth/Personal Trust

Evolution –

Scale in Asset Management

Asset

Management:

Growth &

Diversification

Asset

Servicing:

Adapting to

Changes

Healthcare

Services:

Evolving with

the Industry

Changing

Balance

Sheet

Geographic

Expansion &

Penetration

2004

2014

$8.2B

$10.1B

$9.7B

$11.0B

$12.8B

$27.3B

$32.4B

$41.4B

$42.8B

Rolled out

MidCap strategy

–

Oct 2006

Assets Under Management

Evolution

–

Designed to Grow

10-year

CAGR

19.2%

Private Wealth/Trust

Scout Institutional

Scout Funds

Prairie Capital

Brokerage

Scout became

a sub of

UMBFC –

2009

Acquired PCM,

$2.2B –

July 2010

Acquired Reams,

$9.8B–

Dec 2010

At Dec. 31,

$2.4

$3.5

$5.0

$5.8

$4.9

$6.9

$8.8

$8.7

$11.3

$15.4

$10.7

$5.0

$3.2

$3.7

$3.6

$4.5

$5.5

$5.4

$6.4

$7.0

$7.6

$1.7

$2.0

$2.2

$2.9

$3.6

$1.5

$1.4

$1.5

$1.2

$1.4

$10.9

$11.0

$12.3

$15.8

$20.5

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

$7.4B

Evolution –

Asset

Diversification

Scout AUM Diversification

$31.2 billion

* Asset mix by strategy not available prior to 2009 due to system constraints

Intl Equity

Money Mkt

Small Cap Equity

Core Bond

Balanced Equity

Core Plus Bond

Low Duration Bond

Unconstrained Bond

Mid Cap Equity

Long Duration Bond

Other

21.8%

20.7%

18.4%

12.2%

6.7%

8.0%

62.7%

12.2%

2009*

2014

$8.2 billion

5.3%

5.7%

7.0%

7.1%

At December 31,

Evolution –

Building

Wealth for our Customers

Private Wealth Management

Assets Under Management

$5.0B

$11.6B

2004

2014

At December 31,

PCM added 13 funds

since acquisition for a

total of 23 funds

2014

Offerings

expanded to

151 products

2010

Acquired Prairie

Capital -$2.2B in AUM

2004

We offered ~40

products to our

clients

10-year

CAGR

8.9%

2009

Rolled out wrap

accounts, began

building brokerage

assets

Private Wealth/Trust

Prairie Capital

Brokerage

$7.6

$3.6

$0.4

$5.0

Evolution –

Adapting Asset Servicing Capabilities

Asset

Management:

Growth &

Diversification

Asset

Servicing:

Adapting to

Changes

Healthcare

Services:

Evolving with

the Industry

Changing

Balance

Sheet

2004

2014

Geographic

Expansion &

Penetration

Evolution –

UMB Fund Services

10-year

CAGR

30.5%

Assets Under Administration

($billions)

$132.6

$179.3

$162.4

$206.4

$191.0

$156.0

$198.3

Fund Accounting & Admin.

Alternative

Custody

Other (transfer agent/distribution)

* Current segment reporting was initiated in 2010. Comparative revenue data not available before that time.

42.7%

Revenue

growth

42.7%

Revenue

growth

Revenue (millions)

At December 31,

16.6%

15.8%

17.0%

17.4%

28.2%

33.0%

36.4%

71.3%

57.9%

56.5%

56.0%

35.2%

35.6%

31.5%

2.5%

12.6%

11.9%

16.8%

14.6%

15.9%

9.6%

13.7%

14.5%

14.7%

19.7%

16.8%

16.3%

2008

2009

2010

2011

2012

2013

2014

$77.5

$66.0

$71.1

$83.0

$94.2

Acquired JD

Clark $18B

AUA–2009

Evolution

–

A Changing Healthcare Industry

2004

2014

Asset

Management:

Growth &

Diversification

Asset

Servicing:

Adapting to

Changes

Healthcare

Services:

Evolving with

the Industry

Geographic

Expansion &

Penetration

Changing

Balance

Sheet

Healthcare Deposits and Assets

$millions

2014

2005

HSA Assets

HSA Deposits

$36.6

$917.5

$841.8

$75.8

$28.3

$8.3

Evolution

–

Healthcare Services

Jan ‘15

Deposits

& assets

+ $1B

13.3%

33.2%

$0.9

$1.2

$1.7

$2.1

$3.0

$4.4

2009

2010

2011

2012

2013

2014

315

438

588

567

2,451

1,212

1,630

2,245

2,824

3,161

3,765

2009

2010

2011

2012

2013

2014

Healthcare Card Purchase Volume

$millions

Healthcare Accounts

thousands

Virtual Card Volume

HSA & FSA Card Volume

FSA Benefit Cards

HSA Accounts

V-Cards Issued*

*Virtual Cards are single-use; one-time transaction, not an open account.

At December 31

At Dec. 31

5yr

CAGR

36.7%

Evolution

–

A Journey, Not a Destination

2004

2014

Healthcare

Services:

Evolving with

the Industry

Geographic

Expansion &

Penetration

Changing

Balance

Sheet

Asset

Management:

Growth &

Diversification

Asset

Servicing:

Adapting to

Changes

Evolution –

Diverse Revenue = Fewer Dependencies

Total Revenue

$862.6 million

Total Revenue

$447.6 million

2004

2014

Interest on Loans

Trust & Securities Processing

Interest on Securities

Deposit Service Charges

Trading & Investment Banking

Bankcard Fees

Other

“Other”

includes:

•

Brokerage fees

•

Gains on Securities Sales

•

Equity Earnings on Alt Investments

•

Insurance Fees & Commissions

•

Interest income from repo, due from, etc.

Other Noninterest Income

12/31/14

2.17%

Revenue nearly

doubled during the

past decade.

4.0%

4.1%

4.0%

2.9%

2.0%

2.2%

Growth

Growth

–

Net Income & EPS

UMB

Net

Income

‘04-’14

+181.6%

Industry

Median

Net Income

‘04-’14

+33.3%

UMB

EPS*

‘04-’14

+167.7%

Industry

Median

EPS*

‘04-’14

+17.0%

Industry

defined

all

publicly

traded

banks

with

net

income

reported

2004

and

2014.

Source:

SNL

Financial.

*EPS

diluted.

$42.8

$56.3

$59.8

$74.2

$98.1

$89.5

$91.0

$106.5

$122.7

$134.0

$120.7

$0.99

$1.30

$1.40

$1.77

$2.38

$2.20

$2.26

$2.64

$3.04

$3.20

$2.65

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

Net Income ($ millions)

Diluted EPS

Growth

–

A 10-year Picture

95.4%

Net Interest Income

Diluted Earnings Per Share

UMBF

(2004 –

2014)

108.6%

Total Revenue

58.5%

17.0%

Industry Median

(2004 –

2014)

62.3%

118.6%

Noninterest Income

58.7%

167.7%

Average Loans

Average Total Deposits

150.8%

155.0%

69.2%

79.4%

Industry is defined as all publicly traded banks with data reported in 2004 and 2014. Source: SNL Financial

December 31, 2004 –

December 31, 2014

Reinvesting all cash dividends

+137.6%

+109.5%

-6.5%

UMBF

Compound Annual

Growth Rate 9.0%

Growth

–

Total Shareholder Return

$100

$238

$209

$94

UMBF

S&P 500

SNL U.S. Bank

Agenda

Authenticity

2014 Performance & Highlights

Quarter 2015 Financials

Questions & Answers

Overview of 2014 Results

All comparisons are full-year 2014 vs. full-year 2013 unless otherwise noted

•

Net Income: $120.7 million, a decrease of $13.3 million compared

to 2013

•

EPS: $2.65 per diluted share

•

Average loans increased 12.1% to $7.0 billion

•

Net interest income, driven by loan volume and mix, increased 5.0% to $350.0 million

•

Nonperforming loans decreased to 0.37% of loans from 0.47% in 2013

•

Total assets under management stood at $42.8 billion at 12/31/14, an increase of 3.4%

•

Announced agreement to acquire Marquette Financial Companies, pending regulatory

approval

Strategically Compelling Combination

Compatible cultures

Complementary balance sheet

o

Combining MFC’s higher-yielding loans with UMB’s low-cost funding

Enhances UMB’s market share in Dallas and Phoenix markets

Adds national specialty-lending businesses and an asset-management business

Pending Acquisition of Marquette Financial Companies

About Marquette

$1.4 billion in assets, $970 million in net loans & leases, $959

million in deposits

Original bank formed 36 years ago in Phoenix

Privately-owned by the Pohlad family

Community Banking Franchise

Dallas

5 branches

$323 million in net loans

$376 million in deposits

Phoenix

8 branches

$341 million in net loans

$583 million in deposits

High Quality National Specialty Lending

Middle-Market Asset-Based Lending

$207 million in net loans

Factoring business

$96 million in net loans

Note: Financial data as of 03/31/2015 Source: MFC financial reports and regulatory filings.

Agenda

2014 Performance & Highlights

1st

Quarter 2015 Financials

Questions & Answers

Authenticity

First Quarter 2015

All comparisons are first quarter 2015 vs. first quarter 2014 unless otherwise noted

•

Net Income: $33.8 million, an increase of $10.4 million

•

EPS: $0.74 per diluted share

•

Average loans increased 11.9% to $7.5 billion

•

Noninterest income increased 1.8% to $125.2 million

•

Nonperforming loans decreased to 0.39% of loans from 0.45%

•

Total company assets under management stood at $42.3 billion at March 31, 2015

•

Return on average assets increased to 0.81% from 0.58%

•

Return on average equity increased to 8.18% from 6.13%

•

Tier 1 capital ratio at 03/31/15 remains strong at 12.91% under the new Basel III

requirements

Built for the Decades

UMBF

Compound Annual

Growth Rate 13.0%

UMBF

Compound Annual

Growth Rate 13.0%

S&P 500

Compound Annual

Growth Rate 12.0%

S&P 500

Compound Annual

Growth Rate 12.0%

+5,837%

+8,069%

Total Shareholder Return

December 31, 1978 –

December 31, 2014

$100

$8,169

$5,937

UMBF

S&P 500

Agenda

2014 Performance & Highlights

Quarter 2015 Financials

Questions & Answers

Authenticity

Strength in balance –

today and tomorrow.

Annual Meeting of Shareholders

–

April 2015

UMB Financial

Strength in Balance.

First Quarter 2015

April 28, 2015

UMB Financial

Exhibit 99.3

Cautionary Notice about Forward-Looking Statements

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

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

historical

current

facts.

Forward-looking

statements

often

use

words

such

“believe,”

“expect,”

“anticipate,”

“intend,”

“estimate,”

“project,”

“outlook,”

“forecast,”

“target,”

“trend,”

“plan,”

“goal,”

or other words of comparable meaning or future-

tense or conditional verbs such as “may,”

“will,”

“should,”

“would,”

or “could.”

Forward-looking statements convey our

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

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

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

future. Our actual future objectives, strategies, plans, prospects, performance, condition, or results may differ materially from

those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events,

circumstances, or aspirations to differ from those in forward-looking statements are described in our Annual Report on Form

10-K

for

the

year

ended

December

31,

2014,

our

subsequent

Quarterly

Reports

Form

10-Q

Current

Reports

Form

K, or other applicable documents that are filed or furnished with the Securities and Exchange Commission (SEC).

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

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

the statement was made. You, however, should consult further disclosures (including disclosures of a forward-looking nature)

that we may make in any subsequent Annual Report on Form 10-K, Quarterly Report on Form 10-Q, Current Report on Form

8-K, or other applicable document that is filed or furnished with the SEC.

Performance Highlights

Earnings Summary –

1Q 2015

$ in thousands, except per-share data; unaudited

1Q'15

1Q'14

4Q'14

vs. 1Q'14

vs. 4Q'14

Net Interest Income

90,358

85,445

90,914

5.7

(0.6)

Noninterest Income

125,207

122,964

115,248

1.8

8.6

Pre-Provision Net Revenue

215,565

208,409

206,162

3.4

4.6

Noninterest Expense

164,413

172,241

166,713

(4.5)

(1.4)

Income Before Provision & Taxes

51,152

36,168

39,449

41.4

29.7

Provision for loan losses

3,000

4,500

3,000

(33.3)

Income before Taxes

48,152

31,668

36,449

52.1

32.1

Income Tax Provision

14,387

8,255

9,509

74.3

51.3

Net Income

33,765

23,413

26,940

44.2

25.3

Diluted EPS

0.74

0.52

0.59

42.3

25.4

Dividends per share

0.235

0.225

0.235

4.4

0.0

WASO - diluted

45,437,654

45,382,692

45,465,760

0.1

(0.1)

% variance

Key Performance Metrics

1Q'15

4Q'14

3Q'14

2Q'14

1Q'14

ROAE

8.18%

6.47%

8.77%

6.13%

ROAA

0.81%

0.66%

0.90%

0.89%

0.58%

Efficiency Ratio

75.67%

77.46%

72.25%

73.32%

79.67%

Net Interest Margin

2.46%

2.52%

2.53%

2.39%

Noninterest Income % of revenue

58.1%

55.9%

59.1%

60.9%

59.0%

Avg. Loan/Deposit Ratio

56.3%

57.0%

55.9%

56.2%

50.8%

Assets Under Mgmt. (billions)

42.3

42.8

42.1

43.7

43.1

Tier 1 Capital Ratio

12.91%

13.29%

13.72%

13.81%

13.35%

Diluted EPS

0.74

0.59

0.78

0.76

0.52

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

Select Balance Sheet Items

$ in thousands, average balances; unaudited

vs. Mar '14

vs. Dec '14

Avg. Balance

Assets

Loans, net of unearned interest

7,470,101

3.49

6,678,932

3.58

7,320,930

3.49

11.8

2.0

Total securities

7,153,018

1.94

7,035,642

1.98

7,184,075

1.91

1.7

(0.4)

Total earning assets

15,765,321

2.56

15,438,211

2.48

15,150,747

2.61

2.1

4.1

Allowance for loan losses

(76,574)

(74,997)

(77,527)

2.1

(1.2)

Total assets

16,831,955

16,504,251

16,231,622

2.0

3.7

Liabilities and Shareholders' Equity

Interest-bearing deposits

7,602,258

0.16

7,968,400

0.16

7,446,164

0.16

(4.6)

2.1

Total interest-bearing liabilities

9,321,497

0.16

9,641,869

0.15

8,988,438

0.15

(3.3)

3.7

Noninterest-bearing demand deposits

5,660,893

5,167,513

5,403,856

9.5

4.8

Shareholders' Equity

1,674,761

1,547,722

1,651,969

8.2

1.4

Total liabilities and shareholders' equity

16,831,955

16,504,251

16,231,622

2.0

3.7

Net interest spread

2.40

2.33

2.46

Net interest margin

2.46

2.39

2.52

% variance

March 31, 2015

March 31, 2014

December 31, 2014

Avg Yield

/ Rate %

Avg Yield

/ Rate %

Avg Yield

/ Rate %

Three Months Ended

Consistent Loan Growth

Average Loans & Loan Yields

Average Loans

Average Loan Yield

$4.6

$5.1

$5.8

$6.7

$7.5

4.74%

4.31%

3.82%

3.58%

3.49%

Quality Credit Metrics

Net Charge-Offs

$000’s

Nonperforming Loans

$000’s

$3,737

$3,713

$3,985

$4,176

$1,661

0.23%

0.22%

0.23%

0.09%

1Q'14

2Q'14

3Q'14

4Q'14

1Q'15

Net Charge-offs

NCOs/Avg Loans

$30,153

$27,175

$32,662

$27,382

$29,187

0.45%

0.39%

0.46%

0.37%

0.39%

1Q'14

2Q'14

3Q'14

4Q'14

1Q'15

Nonperforming Loans

NPLs/Loans

Quarter 2015

Average Balance, AFS:

$6.7 billion

Average Yield:

1.82%

Investment Mix

Securities Available for Sale

$6.8 billion at March 31, 2015

Agencies

High Quality Investment Portfolio

Corporates

Municipals

Mortgage-Backed Securities

Treasuries

AFS Portfolio Statistics

Roll off

Purchased

($ millions)

Yield

($ millions)

Yield

2Q'14

$275

2.23%

$560

1.35%

3Q'14

$244

1.98%

$311

1.45%

4Q'14

$285

2.12%

$382

1.55%

1Q'15

$333

2.02%

$709

1.89%

Scheduled Cash Flow

2Q'15

$255

2.03%

Next 12 months

$1,268

1.57%

Securities Gains

$ in thousands

1Q'14

1,470

2Q'14

2,569

3Q'14

4Q'14

1Q'15

7,336

Duration/Life

(in months)

at 03/31/15

at 12/31/14

Avg. Life Total

43.67

43.62

Duration Total

37.57

37.71

49.3%

30.2%

12.6%

6.3%

1.6%

Deposit Growth

Deposits & Percent of Free Funds

Average; $ billions

1Q 2015

Cost of Interest-Bearing Liabilities 0.16%

Including DDA 0.09%

$9.5

$11.6

$10.3

$13.1

$13.3

32.3%

38.7%

39.7%

39.3%

42.7%

$0.0

$2.5

$5.0

$7.5

$10.0

$12.5

Interest Bearing

Non-Interest Bearing

Balance Sheet –

Strong Capital Position

Tier 1 Capital Ratio vs. Industry

1Q 2015

Average Equity

($ billions)

Capital Ratio Trends

Industry Median as of 4Q14; Source: SNL Financial

*1Q’15 ratios calculated under Basel III requirements

11.92

14.43

14.04

13.62

11.05

13.61

13.29

12.91

6.81

8.41

8.72

8.69

12.91

2012

2013

2014

1Q'15*

Total Risk-Based Capital

Tier 1 Capital

Tier 1 Leverage

Common Tier 1 Equity

$1.04

$1.67

1Q'10

1Q'15

14.02%

12.91%

Industry

Median

Bankcard Fees

Noninterest Income Highlights –

1Q 2015

Trust & Securities Processing Revenue

Trust & Securities Processing Composition:

Deposit Service Charges

Trust & Securities Processing

Brokerage Fees

($ millions)

Insurance Fees

Source of income:

1Q'15

1Q'14

Institutional Investment Mgmt.

$26.3

$34.5

Asset Servicing

$23.0

$20.9

Bank (inst. & personal asset mgmt.)

$18.0

$16.2

$67.3

$71.6

Excludes ($842k) from Equity Earnings on Alternative Investments, which represents (0.7%) of noninterest income

53.8%

17.2%

12.9%

5.9%

4.9%

3.3%

2.3%

0.5%

$51.7

$54.7

$62.3

$71.6

$67.3

$35.6

Trading & Investment Banking

Other

Gains on Sale of Securities

Noninterest Expense

000's

1Q'15

4Q'14

3Q'14

2Q'14

1Q'14

Salaries and employee benefits

98,537

90,115

90,041

89,532

88,881

Occupancy, net

10,010

10,312

10,475

9,705

Equipment

14,172

14,618

13,408

12,920

12,663

Supplies, postage and telephone

4,325

5,403

4,817

5,554

4,637

Marketing and business dev

4,618

7,182

6,057

6,307

4,602

Processing fees

12,783

13,496

14,085

14,817

13,651

Legal and consulting

4,378

7,907

4,496

4,632

3,372

Bankcard

4,768

6,812

4,097

4,997

3,688

Amortization of other intangibles

2,755

2,974

3,043

3,074

3,102

Regulatory fees

2,756

2,643

2,577

2,709

2,516

Contingency reserve

5,272

15,000

Other

5,311

5,251

8,365

6,992

10,424

Total noninterest expense

164,413

166,713

161,461

166,511

172,241

Noninterest expense decreased 4.5% to

$164.4MM vs. 1Q’14.

Reduction of $15MM due to contingency

reserve booked in 1Q’14 vs. none in 1Q’15

“Other”

noninterest expense decreased

$5.1MM, driven by decreased earn out

liability expense adjustments, partially offset

by acquisition expenses of $790k

Processing fees decreased 6.4% or $868k,

because of lower fees on reduced AUM

levels at Scout

Salary and benefits increased 10.9% year-

over-year

The increase of $1.5MM in equipment

expense is largely related to software

maintenance and amortization expense

Regulatory environment

Cyber security

Modernization due in part to the

anticipated acquisition of MFC

Quarter

‘15

Expense

Highlights

Prairie Capital Management Summary

Select Components of Noninterest Income and Expense Related to PCM

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

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

(unaudited)

1Q'15

Related Component of Noninterest Income – Equity Earnings on Alternative Investments

Hedge Fund Performance Fees / Investment Returns

15,559

Private Equity Unrealized Gains (or Losses)

(857,783)

Equity Earnings on Alternative Investments

(842,224)

Related Component of Noninterest Expense – Other

Other–Contingent Consideration Expense – PCM Purchase Agreement*

(262,802)

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

(772,005)

Sum of Contingency Reserve and These Subcomponents of Other Noninterest Expense

(1,034,807)

Business Segment Updates

Bank

Net

loans

grew

for

the

consecutive

quarter,

increasing

11.0%

year-over-year

$7.4 billion

Private Banking average loans increased 29.9% to $443.6 million vs. 1Q’14

Trading and investment banking revenue increased by 41.6% vs. 1Q’14, driven by

strong fixed-income bond sales and increased municipal underwriting and private

placements

UMB was awarded the Greenwich Excellence Award in the Middle Market Banking

Category for Overall Satisfaction, both nationally and in the Midwest

Highlights

Bank Segment Results

$ in

000s,

unaudited

% Change

3 mos Ended

% Change

Y/Y

December 31,

2015

2014

Net interest income

75,327

71,122

5.9%

75,862

-0.7%

Provision for loan losses

1,600

2,426

-34.0%

1,617

-1.1%

Noninterest income

51,551

47,435

8.7%

42,380

21.6%

Noninterest expense

100,748

107,861

-6.6%

97,070

3.8%

NI before taxes

24,530

8,270

196.6%

19,555

25.4%

Income tax provision

7,344

2,005

266.3%

5,158

42.4%

Net income

17,186

6,265

174.3%

14,397

19.4%

pre-tax profit margin

19.3%

7.0%

16.5%

3 mos Ended

March 31,

44.0%

48.3%

53.3%

52.0%

51.3%

2.1%

2.0%

1.8%

1.7%

2.7%

1.6%

1.4%

2.7%

3.4%

27.7%

26.5%

24.0%

25.4%

25.9%

4.5%

3.9%

3.8%

4.4%

10.3%

10.5%

9.4%

8.4%

6.5%

6.1%

5.2%

4.4%

3.8%

2.2%

1.0%

0.9%

1.1%

1Q'11

1Q'12

1Q'13

1Q'14

1Q'15

Bank –

Lending

Diverse Loan Book

(Actual Loan Balances at March 31)

$4.7B

$5.1B

$6.0B

$6.8B

$7.5B

Commercial Credit Card

Commercial & Industrial

HELOC

Residential Real Estate

Real Estate Construction

Commercial Real Estate

Consumer Credit Card

Consumer Other

5 yr

CAGR

9.9%

Bank –

Regional Lending

High Growth Regions

1Q’15 vs. 1Q’14

$4.7B

$5.1B

$6.0B

$6.8B

$7.5B

$111.9

$195.7

$95.6

$129.3

$275.7

$132.4

$181.7

$299.7

$214.4

$200.7

$153.1

$217.5

$70.2

Texas +118%

Kansas +12%

Arizona +41%

Loans by Region

(Actual Loan Balances at March 31)

Colorado

Kansas City

Arizona

Kansas

St. Louis

Greater MO

Oklahoma

Nebraska

Texas

$2,340.3

$2,481.4

$2,874.1

$3,011.2

$3,353.6

$566.8

$699.5

$839.8

$954.5

$999.2

$462.5

$523.0

$621.4

$765.2

$817.5

$498.6

$509.5

$559.8

$625.8

$691.9

$396.5

$394.1

$419.7

$462.0

$517.6

$295.9

$417.9

$373.4

$330.0

1Q'11

1Q'12

1Q'13

1Q'14

1Q'15

25.9%

30.5%

29.7%

33.2%

31.1%

33.0%

32.0%

26.5%

26.7%

24.5%

11.7%

7.6%

8.3%

8.1%

9.0%

4.6%

6.1%

8.1%

7.6%

7.2%

6.5%

15.0%

10.9%

12.2%

8.7%

6.3%

6.2%

2.0%

1.7%

6.8%

5.2%

4.4%

3.8%

4.6%

4.1%

4.6%

3.8%

1Q'11

1Q'12

1Q'13

1Q'14

1Q'15

Bank –

Deposits

Diverse Sources of Deposits

(Actual Deposits at March 31)

$10.4B

$10.7B

$12.6B

$12.3B

$13.2B

Consumer

Commercial

Asset Servicing

Private Wealth

Inst. Asset Mgmt.

Healthcare

IBIS

Small Business

Other

0.8%

1.0%

0.3%

0.2%

5 yr

CAGR

9.9%

$7.6B

$8.8B

$10.2B

$11.6B

$11.7B

$1.09B

$1.18B

$1.23B

$1.40B

$1.42B

Home Equity Lines of Credit

$ in millions

Assets Under Management

$ in millions

Bank –

Asset Mgmt. & Home Equity Lending

$5,366

$6,390

$7,044

$7,610

$7,751

$2,035

$2,219

$2,853

$3,603

$3,551

$188

$226

$351

$419

$429

2011

2012

2013

2014

1Q'15

Private Wealth & Institutional Asset Mgmt

Prairie Capital Management

Brokerage Assets

$533

$574

$566

$644

$631

$559

$608

$663

$755

$789

2011

2012

2013

2014

1Q'15

Balances

Unused Commitments

Utilization

48.8%

48.5%

46.1%

46.0%

44.4%

Institutional Investment Management

Scout assets under management now stand at $30.6 billion

Scout has launched five new mutual funds, three new strategies, and one

UCITS in the past five years

Highlights

Institutional Investment Management Segment Results

$ in 000s, unaudited

% Change

3 mos Ended

% Change

Y/Y

December 31,

2015

2014

Net Interest income

(3)

133.3%

Noninterest income

27,084

34,095

-20.6%

29,212

7.3%

Noninterest expense

17,973

25,889

-30.6%

23,156

22.4%

NI before taxes

9,112

8,203

11.1%

6,056

-50.5%

Income tax provision

2,717

2,146

26.6%

1,445

-88.0%

Net income

6,395

6,057

5.6%

4,611

-38.7%

pre-tax profit margin

33.6%

24.1%

20.7%

3 mos Ended

March 31,

Total AUM

$30.6B

$19.7B

$23.5B

Institutional Investment Management

$31.2B

Equity Mutual Funds

Equity Institutional & Other

Fixed Income Institutional & Other

Fixed Income Mutual Funds

$8.2

$10.4

$12.6

$7.8

$7.2

$0.6

$0.9

$3.2

$2.4

$2.3

$10.3

$11.4

$12.6

$18.1

$18.3

$0.6

$0.8

$2.8

$2.9

$2.8

2011

2012

2013

2014

1Q’15

AUM Drivers

$ in millions

($1,767.0)

$230.7

Total Change

($millions)

$30,627.3

$32,394.3

Total AUM

($millions)

Institutional Investment Management

$996.1

$32,163.5

$550.7

$31,178.1

($570.7)

$30,607.4

1Q’15

4Q’14

3Q’14

2Q’14

1Q’14

($331.0)

($1,287.0)

($1,366.6)

($2,314.6)

($1,111.0)

$47.7

$455.4

($645.6)

($166.3)

$447.5

$1,030.6

$908.9

$263.8

$2,976.0

($79.3)

$248.8

$153.4

($18.6)

$55.6

$172.0

$2,500

$1,500

$500

$1,500

$2,500

$3,500

Equity Flows

Equity Market Impact

Fixed Income Flows

Fixed Income Market Impact

($1,111.0)

AUM by Strategy –

As of March 31, 2015

Equity Strategies

International

Mid Cap

International ADR

Emerging Markets

Global

Small Cap

Other:

Fixed Income Strategies

Core Plus

Low Duration

Long Duration

Intermediate

Core

Unconstrained

Unconstrained UCITS

Real Return

Equity

Fixed Income

Other:

Equity Opportunity

Global Aggregate

55.9%

37.1%

3.7%

2.8%

0.5%

67%

33%

33.0%

27.0%

17.8%

9.9%

5.1%

7.2%

Payment Solutions

Credit and debit card purchase volume grew 11.4% vs. 1Q’14 to $2.3 billion, driving an

increase of $1.6 million in interchange revenue year-over-year

HSA deposits and assets grew by 42.8% vs. 1Q’14 to $1.2 billion. HSA deposits have

grown to 8.1% of total company deposits at March 31, 2015

Managed deposits in our FDIC sweep programs stood at $30.9 billion, an increase of

30.5% year-over-year and a 5-year compound annual growth rate of 53.5%

Payment Solutions Segment Results $ in 000s, unaudited

% Change

3 mos Ended

% Change

Y/Y

December 31,

2015

2014

Net interest income

14,033

12,388

13.3%

14,003

0.2%

Provision for loan losses

1,400

2,074

-32.5%

1,383

1.2%

Noninterest income

23,138

20,219

14.4%

21,479

7.7%

Noninterest expense

24,396

20,948

16.5%

26,507

-8.0%

NI before taxes

11,375

9,585

18.7%

7,592

49.8%

Income tax provision

3,406

2,593

31.4%

2,029

67.9%

Net income

7,969

6,992

14.0%

5,563

43.3%

pre-tax profit margin

30.6%

29.4%

21.4%

3 mos Ended

March 31,

Highlights

Payment Solutions

Total Card Purchase Volume

& Interchange Revenue

Commercial Credit

Consumer Credit

Consumer Debit

Healthcare

Inst. Banking & Investor Services

Interchange ($millions)

$2.3B

$1.3B

$1.6B

$1.8B

$2.1B

1.4%

1.1%

1.0%

1.5%

1.3%

15.7%

14.0%

12.1%

10.2%

8.0%

18.1%

17.0%

15.5%

15.1%

25.8%

23.6%

20.7%

18.0%

16.1%

39.0%

43.2%

49.2%

54.8%

59.5%

$15.2

$15.3

$16.6

$16.7

$18.4

1Q '11

1Q '12

1Q '13

1Q '14

1Q '15

Payment Solutions –

Healthcare Services

Healthcare Purchase Volume Trends

$millions

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

16.9%

23.4%

22.7%

32.5%

37.7%

41.0%

29.0%

$512.2

$461.2

$393.8

$350.0

$682.2

$536.4

$448.0

$421.4

$881.3

$748.6

$680.2

$649.1

$1,150.0

$1,152.1

$1,082.9

$1,052.3

$1,393.0

0.36%

0.34%

0.36%

0.28%

Virtual Card Volume

Other Healthcare Volume

Effective Interchange Rate *

$298.4

$399.6

$595.0

$841.7

$1,061.0

$24.9

$30.9

$47.4

$75.8

$92.5

2011

2012

2013

2014

1Q'15

HSA $ Deposits (in millions)

HSA $ Assets (in millions)

Payment Solutions –

Healthcare Services

Healthcare Deposits and Assets

$millions

$323.3

$430.5

$642.4

$917.5

$1,153.5

Healthcare

provided

8.1% of Total

Avg. Deposits

in 1Q’15

Asset Servicing

Assets Under Administration

$billions

Assets in the IMST increased nearly 74%

and now stand at $12.5 billion compared to

$7.2 billion a year ago

The number of funds serviced grew by 126

in the past 12 months, an increase of 12%

UMB Fund Services was named “Best

Fund Administrator 2015”

by Corporate

LiveWire

Highlights

Asset Servicing Segment Results

000s,

unaudited

% Change

3 mos Ended

% Change

Y/Y

December 31,

2015

2014

Net interest income

997

1,938

-48.6%

1,049

-5.0%

Noninterest income

23,434

21,215

10.5%

22,177

5.7%

Noninterest expense

21,296

17,543

21.4%

19,980

6.6%

NI before taxes

3,135

5,610

-44.1%

3,246

-3.4%

Income tax provision

920

1,511

-39.1%

877

4.9%

Net income

2,215

4,099

-46.0%

2,369

-6.5%

pre-tax profit margin

12.8%

24.2%

14.0%

March 31,

3 mos Ended

$167.7

$202.7

Asset Servicing

Fund Accounting & Administration

Alternative Asset Servicing

Custody

Transfer Agency

$35.9

$44.1

$63.0

$72.1

$72.0

160

179

219

249

252

2011

2012

2013

2014

1Q'15

Assets Under Administration

# of Funds Serviced

$24.7

$26.3

$27.9

$31.5

$35.8

467

532

514

579

2011

2012

2013

2014

1Q'15

Assets Under Administration

# of Funds Serviced

802.4

946.8

1,280.1

1,111.2

1,157.7

256

270

301

349

2011

2012

2013

2014

1Q'15

# of Shareholders

# of Funds Serviced

$115.6

$54.9

$68.0

$62.4

$63.1

499

443

411

454

459

2011

2012

2013

2014

1Q'15

Assets Under Administration

# of Custody Accounts

Strengths We are Leveraging

Diversified

revenue

Growing fee

businesses

Leadership

Success building a smartly

diversified financial services

company

Building scale through

strategic acquisitions

Professional management

teams leading highly engaged

workforce across the footprint

Strength in balance –

today and tomorrow.

First Quarter 2015

UMB Financial

StreetInsider

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