UMBF UMB Financial Corporation

UMB Financial Corporation (NASDAQ: UMBF), a financial services holding company, announced earnings for the three months ended September 30, 2009 of $24.0 million or $0.60 per share ($0.59 diluted). This is an increase of $2.2 million, or 10.2 percent, compared to third quarter 2008 earnings of $21.8 million or $0.54 per share ($0.53 diluted). Earnings for the nine months ended September 30, 2009 were $65.6 million or $1.62 per share ($1.61 diluted). This is a decrease of $12.2 million, or 15.7 percent, compared to the prior nine months ended September 30, 2008 of $77.8 million or $1.91 per share ($1.89 diluted).

A $1.1 million pre-tax gain was recognized in the third quarter of 2008 as a result of the final contingent payment received on the sale of the securities transfer product. Excluding the securities transfer product transaction, net income for the three months ended September 30, 2009 increased $2.9 million, or 13.9 percent, compared to the same period in 2008. A table reconciling GAAP net income for the securities transfer related transactions is included with this release.

“We are pleased to report double-digit earnings growth given the challenging economic environment and considering what continues to happen in the industry,” commented Mariner Kemper, Chairman and Chief Executive Officer. “Economic cycles change and customer needs shift, and we adapt to these changing conditions without altering our core principles. For UMB, this translates into quality earnings from diverse revenue sources and a continued focus on steady growth.”

Net Interest Income and Margin

Net interest income for the third quarter of 2009 increased $9.6 million, or 14.5 percent, compared to the same period in 2008 due primarily to a higher volume of average earning assets. Average earning assets increased by $1.3 billion, or 16.9 percent, compared to the third quarter of 2008. This increase was due to a $143.8 million, or 3.4 percent, increase in average loans and a $1.0 billion, or 32.2 percent, increase in total securities, including trading securities. Net interest margin decreased six basis points to 3.51 percent for the three months ended September 30, 2009 compared to the same quarter in 2008. The net interest margin decrease was a result of a 25 basis point reduction in the benefit of interest-free funds offset by a 19 basis point increase in net interest spread over the third quarter of 2008.

Noninterest Income and Expense

Noninterest income increased $1.4 million, or 1.8 percent, for the three months ended September 30, 2009 compared to the same period in 2008. Trust and securities processing income increased $1.1 million, or 3.5 percent, for the three months ended September 30, 2009 compared to the same period in 2008. This increase was primarily due to a $3.0 million, or 27.5 percent, increase in fund administration and custody services, partially offset by a $0.6 million, or 6.6 percent, decrease in fee income from the Scout Funds and a $0.8 million, or 22.2 percent, decrease in corporate trust income. Trading and investment banking income increased $3.9 million, or 132.5 percent, from the third quarter of 2008 due to market increases in the company’s mutual fund investments. Service charges on deposits decreased $2.0 million, or 9.0 percent, compared to the same period in 2008 primarily from a decrease in return item fees of $1.9 million, or 18.0 percent. Bankcard fees increased $1.2 million, or 11.6 percent, from the third quarter of 2008 due to increased credit card and ATM processing income. As noted, a $1.1 million pre-tax gain was recognized in the third quarter of 2008 as a result of the final contingent payment received on the sale of the securities transfer product, which took place in the third quarter of 2007.

Noninterest expense increased $5.4 million, or 4.9 percent, for the three months ended September 30, 2009 compared to the same period in 2008. Salary expense increased by $3.0 million, or 5.3 percent, mostly due to higher employee base salaries, higher commissions and bonuses and higher cost of benefits. Equipment expense decreased by $2.3 million, or 16.9 percent, due to lower depreciation and amortization expense of equipment and software. Regulatory fees increased $2.4 million, or 375.1 percent, primarily due to increased deposit insurance assessments from the FDIC. Supplies and services decreased by $1.5 million, or 23.5 percent, mostly due to decreases in telephone, data line, courier, and postage expenses. Processing fees increased $1.1 million, or 13.2 percent, due to increased third party custodian fees related to international transactions from mutual fund clients. Amortization of other intangibles increased $1.0 million, or 129.7 percent, primarily due to increased amortization from the acquisition of J.D. Clark & Company during the second quarter of 2009.

“During the third quarter we continued to focus on the successful integration of JD Clark – our recently purchased alternative investments provider. We are very pleased with the overall progress and sales momentum we are seeing related to this acquisition,” said Peter deSilva, President and Chief Operating Officer. “A key focus for UMB continues to be further growth and diversification in our revenues and improvements in our efficiency ratio. Achieving greater scale from our key fee businesses including Scout Investment Advisors, Corporate Trust, Private Banking, Investment Banking and Fund Services will enable us to achieve our dual goals of strong growth and improvements in operating efficiencies. During the quarter our efficiency ratio improved to 71.72 percent from 73.85 percent in the third quarter of 2008.”

Balance Sheet

Average total assets for the three months ended September 30, 2009 were $9.8 billion compared to $8.6 billion for the same period in 2008, an increase of $1.2 billion, or 14.3 percent. Average earning assets increased by $1.3 billion for the period, or 16.9 percent.

Actual loan balances on September 30, 2009 were $4.3 billion, compared to $4.2 billion on September 30, 2008. Real estate loans increased $258.0 million, or 17.2 percent, due to increases in commercial real estate and home equity loans. Consumer loans decreased $154.3 million, or 25.5 percent, due to the continued reduction in indirect auto loans as we exit the market. Average loan balances for the three months ended September 30, 2009 increased $143.8 million, or 3.4 percent, to $4.4 billion from $4.2 billion for the three months ended September 30, 2008.

Nonperforming loans increased to $22.4 million at September 30, 2009 from $6.9 million at September 30, 2008. As a percentage of loans, nonperforming loans increased to 0.52 percent as of September 30, 2009 compared to 0.16 percent at September 30, 2008. This increase is predominately due to one syndicated national credit, which was placed on nonaccrual during the quarter. Nonperforming loans are defined as nonaccrual loans and restructured loans. By comparison, the industry average for nonperforming loans as of June 30, 2009 was 2.80 percent. The company’s allowance for loan losses totaled $58.8 million, or 1.36 percent of loans as of September 30, 2009 compared to $50.4 million, or 1.19 percent of loans as of September 30, 2008.

For the three months ended September 30, 2009, average securities, including trading securities, totaled $4.2 billion. This is an increase of $1.0 billion, or 32.2 percent, from the same period in 2008. Average federal funds sold and resell agreements for the third quarter decreased $330.2 million, or 89.2 percent, to $40.1 million from the same period in 2008.

Average total deposits increased $949.9 million, or 14.6 percent, to $7.5 billion for the three months ended September 30, 2009 compared to the same period in 2008. The increase in deposits came primarily from public funds, mutual funds, treasury management accounts, and savings accounts. Average time deposit accounts increased $259.8 million, or 18.9 percent, for the three months ended September 30, 2009 as compared to 2008. Average money market accounts increased by $107.3 million, or 8.2 percent, in 2009 as compared to 2008. Average noninterest-bearing demand deposits increased $434.8 million, or 23.3 percent, compared to 2008. Total deposits as of September 30, 2009 were $7.9 billion, compared to $7.1 billion at September 30, 2008, an 11.4 percent increase.

“Our balance sheet continues to be a source of strength for the company,” said Mike Hagedorn, Chief Financial Officer. “Record deposits in the quarter helped drive a 16.9 percent increase in average earning assets. In addition, our low cost of funds allows us to maintain a respectable margin without reaching for yield or jeopardizing our investment portfolio mix.”

As of September 30, 2009, UMB had total shareholders’ equity of $1.0 billion, which was an increase of 8.5 percent, over September 30, 2008. For the three months ended September 30, 2009, the company repurchased 226,796 shares at an average price of $39.83 per share for a total cost of $9.0 million.

Year-to-Date

Earnings for the nine months ended September 30, 2009 were $65.6 million or $1.62 per share ($1.61 diluted). This is a decrease of $12.2 million, or 15.7 percent, compared to the prior year-to-date earnings of $77.8 million or $1.91 per share ($1.89 diluted).

Excluding the securities transfer product transaction and the Visa, Inc. (Visa)-related transactions in the first quarter of 2008, net income for the nine months ended September 30, 2009 decreased $3.3 million, or 4.7 percent, compared to the same period in 2008. A table reconciling GAAP net income for the securities transfer and Visa-related items is included with this release.

Net interest income for the nine months ended September 30, 2009 increased $28.6 million, or 14.5 percent, compared to the same period in 2008 due primarily to higher average earning assets. Net interest margin decreased to 3.44 percent for the nine months ended September 30, 2009 as compared to 3.59 percent for the same period in 2008.

Noninterest income decreased $16.3 million, or 6.7 percent, to $226.8 million for the nine months ended September 30, 2009 as compared to the same period in 2008. The decrease is primarily attributable to lower trust and securities processing income partially offset by an increase in trading and investment banking income. Trust and securities processing income decreased $9.7 million, or 10.1 percent, for year-to-date September 30, 2009 as compared to the same period in 2008. Trading and investment banking income was $5.8 million, or 39.5 percent, higher for the nine months ended September 30, 2009. As a direct result of Visa’s Initial Public Offering during the first quarter of 2008, earnings for the first nine months of 2008 include a pre-tax gain of $8.9 million from the mandatory redemption of a portion of the company’s Class B shares in Visa. As noted above, a $1.1 million pre-tax gain was recognized in the third quarter of 2008 as a result of the final contingent payment received on the sale of the securities transfer product.

Noninterest expense increased $25.3 million, or 8.0 percent, for the nine months ended September 30, 2009 compared to the same period in 2008. Salary expense increased by $10.5 million, or 6.2 percent, mostly due to higher employee base salaries, higher commissions and bonuses and higher cost of benefits. Regulatory fees increased $10.8 million, or 561.4 percent, primarily due to increased deposit insurance assessments from the FDIC and a $4.8 million special assessment paid to the FDIC in the third quarter of 2009. Equipment expense decreased $3.8 million, or 9.4 percent, from the same period in 2008 due to lower depreciation and amortization expense of equipment and software. Amortization of other intangibles increased by $2.1 million, or 91.2 percent, primarily due to increased amortization from the acquisition of J.D. Clark & Company during the second quarter of 2009. Noninterest expense in 2008 was impacted by a reduction of the covered litigation provision of $4.0 million related to the Visa-covered litigation escrow established due to the Visa IPO during the first quarter of 2008.

The company plans to host a conference call to discuss its third quarter results on October 28, 2009, at 8:30 a.m. (CDT). Interested parties may access the call by dialing U.S. (toll-free) 877-941-2333 or access the following Web link to the live call: http://w.on24.com/r.htm?e=164722&s=1&k=937FBE7392F7ED2CB4E230EE84290E93 or visit umb.com.

A replay of the conference call may be heard until November 11, 2009, by calling (U.S.) 800-406-7325 or (U.S.) 303-590-3030. The replay pass code required for playback is conference ID 4161441. The call replay may also be accessed via the company's Web site, 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, our 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.

Non-GAAP Financial Measures

Certain financial measures contained in this press release exclude the decrease of the liability accrual related to Visa’s covered litigation provision as well as the pre-tax gain from the mandatory redemption of a portion of the company’s Class B shares in Visa. They also exclude the gains on sale of UMB’s securities transfer product. Financial measures, which exclude the above-referenced items, have not been determined in accordance with generally accepted accounting principles and are therefore non-GAAP financial measures. Management of UMB believes that investors’ understanding of the company’s performance is enhanced by disclosing these non-GAAP financial measures as a reasonable basis for comparison of the company’s ongoing results of operations. These non-GAAP measures should not be considered a substitute for GAAP-basis measures and results. Our non-GAAP measures may not be comparable to non-GAAP measures of other companies. The attached Non-GAAP Reconciliation Schedule provides a reconciliation of these non-GAAP financial measures to the most closely analogous measure determined in accordance with GAAP.

About UMB

UMB Financial Corporation (NASDAQ: UMBF) is a financial services holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to both individual and business customers nationwide. Its banking subsidiaries own and operate 135 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include 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. Visit umb.com for more company information.

      NON-GAAP RECONCILIATION SCHEDULE          

UMB Financial Corporation

(all dollars in thousands) (unaudited)     The following tables present the reconciliation of non-GAAP financial measures to reported GAAP financial measures.  

Three MonthsEnded

Three MonthsEnded

Nine MonthsEnded

Nine MonthsEnded

September 30, September 30, September 30, September 30, 2009   2008   2009   2008 Net interest income after provision $ 67,596 $ 61,798 $ 204,677 $ 184,336 Noninterest income 80,518 79,121 226,750 243,098 Noninterest expense 115,257 109,853 340,779 315,448 Income tax provision   8,859     9,297     25,022     34,138 Net income after taxes 23,998 21,769 65,626 77,848  

Adjustments

Noninterest income

Gain on mandatory redemption of Visa, Inc. class B common stock

- - - (8,875) Gain on sale of securities transfer - (1,090) - (1,090) Noninterest expense Covered litigation provision   -     -     -     (4,023) Total adjustments pre-tax - (1,090) - (13,988) Less: Income taxes   -     (392)     -     (5,036) After tax adjustments to GAAP   -     (698)     -     (8,952) Adjusted net income $ 23,998   $ 21,071   $ 65,626   $ 68,896     The above table presents the variation in net income on an as reported (GAAP) basis and excluding the gain on the sale of securities transfer, excluding certain gains related to the redemption of class B common shares of Visa, Inc. and the adjustment of the covered litigation provision. The press release includes commentary that compares both GAAP and non-GAAP financial measures.     CONSOLIDATED BALANCE SHEETS UMB Financial Corporation (unaudited, dollars in thousands) September 30,

Assets

2009 2008   Loans $ 4,314,977 $ 4,224,441 Allowance for loan losses   (58,812)     (50,428) Net loans   4,256,165     4,174,013 Loans held for sale 19,410 19,887 Investment securities: Available for sale 4,385,619 3,617,484 Held to maturity 46,881 44,604 Trading securities 46,487 37,164 Federal Reserve Bank Stock and other   23,609     21,745 Total investment securities   4,502,596     3,720,997 Federal funds and resell agreements 103,954 454,424 Interest-bearing due from banks 539,357 - Cash and due from banks 288,422 524,849 Bank premises and equipment, net 217,491 222,083 Accrued income 64,804 60,186 Goodwill 125,739 94,512 Other intangibles 40,528 15,705 Other assets   77,030     50,685 Total assets $ 10,235,496   $ 9,337,341    

Liabilities

Deposits: Noninterest-bearing demand $ 2,594,635 $ 2,287,377 Interest-bearing demand and savings 3,657,651 3,448,176 Time deposits under $100,000 781,196 771,936 Time deposits of $100,000 or more   856,707     573,659 Total deposits   7,890,189     7,081,148 Federal funds and repurchase agreements 1,146,676 1,186,004 Short-term debt 20,336 18,655 Long-term debt 32,358 36,807 Accrued expenses and taxes 119,659 69,048 Other liabilities   12,650     11,591 Total liabilities   9,221,868     8,403,253  

Shareholders' Equity

Common stock 55,057 55,057 Capital surplus 711,373 706,584 Retained earnings 546,370 489,012 Accumulated other comprehensive income 56,324 14,323 Treasury stock   (355,496)     (330,888) Total shareholders' equity   1,013,628     934,088 Total liabilities and shareholders' equity $ 10,235,496   $ 9,337,341         Consolidated Statements of Income       UMB Financial Corporation (unaudited, dollars in thousands except share and per share data) Three Months Ended Nine Months Ended September 30, September 30,

Interest Income

2009   2008   2009   2008 Loans $ 54,478 $ 59,208 $ 160,813   $ 182,559 Securities: Taxable interest 25,455 25,419 80,395 78,211 Tax-exempt interest 7,554     6,357     21,742     19,561 Total securities income 33,009 31,776 102,137 97,772 Federal funds and resell agreements 48 1,948 229 7,411 Interest-bearing due from banks 1,181 - 2,965 - Trading securities 210     442     570     1,089 Total interest income 88,926     93,374     266,714     288,831  

Interest Expense

Deposits 12,223 22,339 38,656 71,133 Federal funds and repurchase agreements 446 4,275 1,643 19,558 Short-term debt - 27 - 184 Long-term debt 361     435     1,138     1,270 Total interest expense 13,030     27,076     41,437     92,145 Net interest income 75,896 66,298 225,277 196,686 Provision for loan losses 8,300     4,500     20,600     12,350 Net interest income after provision for loan losses 67,596     61,798     204,677     184,336  

Noninterest Income

Trust and securities processing 32,630 31,530 86,164 95,892 Trading and investment banking 6,787 2,919 20,625 14,783 Service charges on deposits 20,598 22,624 62,527 64,180 Insurance fees and commissions 1,255 1,355 3,710 3,432 Brokerage fees 1,629 2,189 5,493 6,430 Bankcard fees 11,671 10,456 33,760 32,884 Gains on sale of securities available for sale, net 3,306 2,829 5,198 3,240

Gain on mandatory redemption of Visa, Inc. class B common stock

- - - 8,875 Gain on sale of securities transfer, net - 1,090 - 1,090 Other 2,642     4,129     9,273     12,292 Total noninterest income 80,518     79,121     226,750     243,098  

Noninterest Expense

Salaries and employee benefits 60,193 57,187 177,786 167,331 Occupancy, net 8,982 8,542 25,698 23,952 Equipment 11,187 13,461 36,181 39,932 Supplies and services 4,787 6,254 15,734 18,180 Marketing and business development 4,036 4,976 11,397 13,325 Processing fees 9,659 8,535 24,803 25,178 Legal and consulting 2,763 2,097 6,954 5,030 Bankcard 3,615 3,103 10,498 8,578 Amortization of other intangibles 1,847 804 4,318 2,258 Covered litigation provision - - - (4,023) Regulatory fees 3,036 639 12,672 1,916 Other 5,152     4,255     14,738     13,791 Total noninterest expense 115,257 109,853 340,779 315,448   Income before income taxes 32,857 31,066 90,648 111,986 Income tax provision 8,859     9,297     25,022     34,138 Net income $ 23,998   $ 21,769   $ 65,626   $ 77,848  

Per Share Data

Net income - basic $ 0.60 $ 0.54 $ 1.62 $ 1.91 Net income - diluted 0.59 0.53 1.61 1.89 Dividends 0.175 0.170 0.525 0.480 Weighted average shares outstanding 40,240,293 40,659,564 40,402,992 40,764,371               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   Stock   Total Balance - January 1, 2008 $ 55,057 $ 702,914 $ 430,824 $ 12,246 $ (310,467) $ 890,574 Comprehensive income Net income - - 77,848 - - 77,848

Change in unrealized gains on  securities

- - - 2,077 - 2,077 Total comprehensive income 79,925 Cash dividends ($0.480 per share) - - (19,660) - - (19,660) Purchase of treasury stock - - - - (22,574) (22,574) Issuance of equity awards - (814) - - 954 140

Recognition of equity based  compensation

- 3,174 - - - 3,174

Net tax benefit related to equity  compensation plans

- 367 - - - 367 Sale of treasury stock - 289 - - 131 420 Exercise of stock options   -     654     -     -     1,068     1,722 Balance – September 30, 2008 $ 55,057   $ 706,584   $ 489,012   $ 14,323   $ (330,888)   $ 934,088   Balance - January 1, 2009 $ 55,057 $ 707,812 $ 502,073 $ 41,105 $ (331,236) $ 974,811 Comprehensive income Net income - - 65,626 - - 65,626

Change in unrealized gains on  securities

- - - 15,219 - 15,219 Total comprehensive income 80,845 Cash dividends ($0.525 per share) - - (21,329) - - (21,329) Purchase of treasury stock - - - - (26,331) (26,331) Issuance of equity awards - (1,263) - - 1,395 132

Recognition of equity based  compensation

- 3,948 - - - 3,948

Net tax benefit related to equity  compensation plans

- 187 - - - 187 Sale of treasury stock - 314 - - 159 473 Exercise of stock options   -     375     -     -     517     892 Balance – September 30, 2009 $ 55,057   $ 711,373   $ 546,370   $ 56,324   $ (355,496)   $ 1,013,628       Average Balances / Yields and Rates         UMB Financial Corporation (tax - equivalent basis)     (unaudited, dollars in thousands) Three Months Ended September 30, 2009   2008 Average Average Average Average Assets Balance   Yield/Rate   Balance   Yield/Rate Loans, net of unearned interest $ 4,354,961 4.97 % $ 4,211,114 5.60 % Securities: Taxable 3,175,441 3.18 2,386,983 4.24 Tax-exempt 984,534   4.73 737,617   5.19 Total securities 4,159,975 3.55 3,124,600 4.46 Federal funds and resell agreements 40,057 0.48 370,291 2.09 Interest-bearing due from banks 473,868 0.99 - - Trading securities 37,250   2.47 49,325   3.69 Total earning assets 9,066,111 4.08 7,755,330 4.96 Allowance for loan losses (57,957) (49,877) Other assets   839,486   912,501 Total assets $ 9,847,640 $ 8,617,954     Liabilities and Shareholders' Equity Interest-bearing deposits $ 5,171,736 0.94 % $ 4,656,627 1.91 % Federal funds and repurchase agreements 1,184,647 0.15 1,038,779 1.64 Borrowed funds 50,285   2.85 41,801   4.40 Total interest-bearing liabilities 6,406,668 0.81 5,737,207 1.88 Noninterest-bearing demand deposits 2,297,832 1,863,035 Other liabilities 133,028 81,630 Shareholders' equity   1,010,112   936,082 Total liabilities and shareholders' equity $ 9,847,640 $ 8,617,954 Net interest spread 3.27 % 3.08 % Net interest margin 3.51 3.57     Nine Months Ended September 30, 2009   2008 Average Average Average Average Assets Balance   Yield/Rate   Balance   Yield/Rate Loans, net of unearned interest $ 4,400,316 4.89 % $ 4,143,287 5.89 % Securities: Taxable 3,361,316 3.20 2,376,901 4.40 Tax-exempt 911,449   4.96 755,499   5.23 Total securities 4,272,765 3.57 3,132,400 4.60 Federal funds and resell agreements 57,322 0.53 375,759 2.63 Interest-bearing due from banks 473,040 0.84 - - Trading securities 33,239   2.56 43,715   3.54 Total earning assets 9,236,682 4.04 7,695,161 5.19 Allowance for loan losses (55,651) (48,593) Other assets   849,803   972,405 Total assets $ 10,030,834 $ 8,618,973     Liabilities and Shareholders' Equity Interest-bearing deposits $ 5,172,665 1.00 % $ 4,438,631 2.14 % Federal funds and repurchase agreements 1,364,476 0.16 1,228,640 2.13 Borrowed funds 52,502   2.90 46,407   4.19 Total interest-bearing liabilities 6,589,643 0.84 5,713,678 2.15 Noninterest-bearing demand deposits 2,333,091 1,887,034 Other liabilities 108,397 92,323 Shareholders' equity   999,703   925,938 Total liabilities and shareholders' equity $ 10,030,834 $ 8,618,973 Net interest spread 3.20 % 3.04 % Net interest margin 3.44 3.59       THIRD QUARTER 2009 FINANCIAL HIGHLIGHTS UMB Financial Corporation (unaudited, dollars in thousands, except share and per share data)   Nine Months Ended September 30 2009   2008 Net interest income $ 225,277 $ 196,686 Provision for loan losses 20,600 12,350 Noninterest income 226,750 243,098 Noninterest expense 340,779 315,448 Income before income taxes 90,648 111,986 Net income 65,626 77,848 Net income per share - Basic 1.62 1.91 Net income per share - Diluted 1.61 1.89 Return on average assets 0.87 % 1.21 % Return on average equity 8.78 % 11.23 %   Three Months Ended September 30 Net interest income $ 75,896 $ 66,298 Provision for loan losses 8,300 4,500 Noninterest income 80,518 79,121 Noninterest expense 115,257 109,853 Income before income taxes 32,857 31,066 Net income 23,998 21,769 Net income per share - Basic 0.60 0.54 Net income per share - Diluted 0.59 0.53 Return on average assets 0.97 % 1.00 % Return on average equity 9.43 % 9.25 %   At December 31 Assets $ 10,235,496 $ 9,337,341 Loans, net of unearned interest 4,314,977 4,224,441 Securities 4,502,596 3,720,997 Deposits 7,890,189 7,081,148 Shareholders' equity 1,013,628 934,088 Book value per share 25.08 22.82 Market price per share 40.44 52.52 Equity to assets 9.90 % 10.00 % Allowance for loan losses $ 58,812 $ 50,428 As a % of loans 1.36 % 1.19 % Nonaccrual and restructured loans $ 22,392 $ 6,937 As a % of loans 0.52 % 0.16 % Loans over 90 days past due $ 5,624 $ 7,925 As a % of loans 0.13 % 0.19 % Other real estate owned $ 4,666 $ 1,557 Net loan charge-offs quarter-to-date $ 4,596 $ 2,173 As a % of average loans 0.42 % 0.21 % Net loan charge-offs year-to-date $ 14,085 $ 7,908 As a % of average loans 0.43 % 0.26 %   Common shares outstanding 40,409,389 40,930,514   Average Balances Nine Months Ended September 30 Assets $ 10,030,834 $ 8,618,973 Loans, net of unearned interest 4,400,316 4,143,287 Securities 4,272,765 3,132,400 Deposits 7,505,756 6,325,665 Shareholders' equity 999,703 925,938           Selected Financial Data of Affiliate Banks       UMB Financial Corporation (unaudited, dollars in thousands) September 30, 2009 Loans Net of Total Unearned Total Shareholders' Missouri   Assets   Interest   Deposits   Equity

UMB Bank, n. a.

$ 8,619,907 $ 3,506,015 $ 6,813,583 $ 611,146   Colorado                         UMB Bank Colorado, n. a. 977,964 535,231 779,129 157,813   Kansas                         UMB National Bank of America 571,074 222,476 406,578 64,640   Arizona                         UMB Bank Arizona, n. a. 79,688 67,535 39,836 10,342   Banking - Related Subsidiaries                         UMBCDC, Inc. UMB Banc Leasing Corp. UMB Financial Services, Inc. UMB Scout Insurance Services, Inc. UMB Capital Corporation United Missouri Insurance Company UMB South Dakota Trust Company UMB Fund Services, Inc. Kansas City Realty Company Kansas City Financial Corp. UMB Redevelopment Corporation UMB Realty Company, LLC Grand Distribution Services, LLC UMB Distribution Services, LLC J. D. Clark & Company, Inc. UMB Bank & Trust, National Association Scout Distributors, LLC Scout Investment Advisors, Inc.