UMB Financial Corporation Reports 2008 Second Quarter Earnings of $23.7 Million, an Increase of 18.2 Percent Over the Same Period Last Year

UMB Financial Corporation (NASDAQ:UMBF), a multi-bank holding company, announced earnings for the three months ended June 30, 2008 of $23.7 million or $0.58 per share ($0.58 diluted). This is an increase of $3.6 million, or 18.2 percent, compared to the second quarter 2007 earnings of $20.1 million or $0.48 per share ($0.48 diluted). Earnings for the six months ended June 30, 2008 were $56.1 million or $1.37 per share ($1.36 diluted). This is an increase of $18.7 million, or 50.0 percent, compared to the prior year earnings of $37.4 million or $0.89 per share ($0.89 diluted).

"Our strategy continues to deliver results, as evidenced by our second quarter performance," commented Mariner Kemper, Chairman and CEO of UMB Financial Corporation. "While the industry continues to be under pressure, UMB remains focused on capitalization, high quality lending, making strategic investments and servicing our customers. Our credit quality remained strong. Nonperforming loans were flat at 0.20 percent of total loans. This is 86 percent lower than the industry average of 1.43 percent in the first quarter of 2008, and further proof that our time-tested model, continues to deliver strong financial performance. Finally, we announced last week the acquisition of The Citadel Bank in Colorado Springs. We are very pleased in today's marketplace to add to our franchise a well-capitalized bank that shares our values and tradition of high quality lending and strong customer service. We look forward to expanding our presence in this important market."

Net Interest Income and Margin

Net interest income for the second quarter of 2008 increased $9.2 million, or 16.1 percent, compared to the same period in 2007 due primarily to higher average earning assets and increasing net interest margin. Average earning assets increased by $565.8 million, or 8.1 percent, as compared to the second quarter of 2007. This increase was due to a $219.9 million, or 5.6 percent, increase in average loans and a $402.0 million, or 14.6 percent, increase in total securities, including trading securities and other. Net interest margin increased 28 basis points to 3.71 percent for the three months ended June 30, 2008 as compared to the same quarter in 2007. Largely contributing to the margin improvement was a reduction of 163 basis points in the average cost of our interest-bearing liabilities, which more than offset a decrease in our average earning-asset yield of 94 basis points.

Noninterest Income and Expense

Noninterest income increased $6.7 million, or 9.2 percent, for the three months ended June 30, 2008 compared to the same period in 2007. Trust and securities processing income increased $4.2 million, or 14.4 percent, for the three months ended June 30, 2008 compared to the same period in 2007. This increase was primarily due to a $1.5 million, or 17.1 percent, increase in fee income from UMB Scout Funds and a $3.0 million, or 32.7 percent, increase in fund administration and custody services. Bankcard fees increased $1.8 million, or 18.3 percent, for the three months ended June 30, 2008 compared to the same period in 2007 due to increased credit card transaction volume.

"Our fee-based businesses continue to help drive improvement in our operating results," said Peter deSilva, President and Chief Operating Officer. "Noninterest income grew 9.2 percent for the quarter driven by our Asset Management and Fund Services divisions, as well as our Bankcard business. Assets under management benefited from record quarterly net flows of $549 million into our equity, bond and money market UMB Scout Funds. We have an outstanding team in place and continue to maximize our distribution. We launched two new credit card products this summer to build on our momentum in this space. Credit card transaction volume totaled nearly $308 million in the second quarter, up 18.3 percent from the second quarter of 2007."

Noninterest expense increased $8.0 million, or 8.2 percent, for the three months ended June 30, 2008 compared to the same period in 2007. Salary expense increased by $5.2 million, or 10.4 percent, mostly due to higher employee base salaries, higher commissions and bonuses, and higher cost of benefits. Processing fees increased $1.8 million, or 25.8 percent, due to increased third party custodian fees related to international transactions from mutual fund clients and sub-transfer agency fees paid for the shareholder servicing of the UMB Scout Funds.

"Noninterest expense grew 8.2 percent driven largely by commissions related to increased sales and revenue. Despite this increase, our efficiency ratio fell to 71.61 percent in the second quarter from 74.46 percent in the same period last year," continued deSilva.

Balance Sheet

Average total assets for the three months ended June 30, 2008 were $8.6 billion compared to $7.9 billion for the same period in 2007, an increase of $622.0 million, or 7.9 percent. Average earning assets increased by $565.8 million, or 8.1 percent.

Actual loan balances on June 30, 2008 were $4.1 billion, compared to $4.0 billion on June 30, 2007. These balances were as follows:
Loans by Category (in June 30, June 30, Percent
thousands) 2008 2007 Change Change
---------- ---------- --------- -------
Commercial, financial and
agricultural $1,974,137 $1,777,252 $196,885 11.1%
Real estate construction 88,824 85,173 3,651 4.3%
Consumer 661,639 909,488 (247,849) (27.3)%
Real estate 1,375,434 1,180,204 195,230 16.5%
Leases 6,044 6,061 (17) (0.3)%
---------------------------------------
Loans before loans held
for sale 4,106,078 3,958,178 147,900 3.7%
---------------------------------------
Loans held for sale 17,611 14,290 3,321 23.2%
---------------------------------------
Total loans and loans
held for sale $4,123,689 $3,972,468 $151,221 3.8%
---------------------------------------

Consumer loans continued to decline as a result of the company's strategic decision to exit the indirect lending business in August 2007. As of June 30, 2008, total indirect auto loan balances were $385 million, down 40.7 percent from $650 million in the same period last year.

Nonperforming loans increased to $8.2 million at June 30, 2008 from $7.9 million at June 30, 2007. As a percentage of total loans, nonperforming loans remained flat at 0.20 percent of loans as of June 30, 2008 and 2007. Nonperforming loans are defined as nonaccrual loans and restructured loans. The company's allowance for loan losses totaled $48.1 million, or 1.17 percent of total loans as of June 30, 2008, compared to $45.2 million, or 1.14 percent of total loans as of June 30, 2007.

For the three months ended June 30, 2008, average securities, including trading securities and other, totaled $3.2 billion. This is an increase of $402.0 million, or 14.6 percent from the same period in 2007. Average federal funds sold and resell agreements for the second quarter decreased $56.1 million, or 18.3 percent over the same period in 2007 to $251.4 million.

"Our balance sheet continues to be well capitalized and has a strong core funding structure," said Mike Hagedorn, Chief Financial Officer. "This is evidenced by our tier 1 capital ratio of 14.01 percent, our leverage capital ratio of 10.14 and our total capital ratio of 14.88 percent. Our core funding structure, with noninterest-bearing deposits representing 32.9 percent of total deposits, also contributes to our balance sheet strength. The strategic decision to maintain high capital levels serves us well in today's uncertain environment and allows us to act quickly on strategic decisions when the right opportunities arise."

Average total deposits increased $668.9 million, or 11.9 percent, to $6.3 billion for the three months ended June 30, 2008, compared to the same period in 2007. The increase in deposits came primarily from our public funds, mutual fund processing and treasury management businesses. Average time deposit accounts increased by $235.4 million, or 19.6 percent, for the three months ended June 30, 2008 as compared to 2007. Average money market accounts increased by $235.5 million, or 22.1 percent, in 2008 as compared to 2007. Total deposits as of June 30, 2008 were $6.4 billion, compared to $5.8 billion at June 30, 2007, a 9.6 percent increase.

As of June 30, 2008, UMB had total shareholders' equity of $917.0 million, a 6.6 percent increase from the same period last year. For the three months ended June 30, 2008, the company repurchased 51,770 shares at an average price of $49.52 per share, for a total cost of $2.6 million.

The company declared its regular quarterly cash dividend of $0.165 cents per share to be paid on October 1, 2008, to shareholders of record at the close of business on September 10, 2008.

Year-to-Date

Earnings for the six months ended June 30, 2008 were $56.1 million or $1.37 per share ($1.36 diluted). This is an increase of $18.7 million, or 50.0 percent, compared to year-to-date earnings of $37.4 million or $0.89 per share ($0.89 diluted) in the same period last year. As a direct result of Visa, Inc.'s (Visa) Initial Public Offering (IPO) during the first quarter, earnings for the first six 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. The company also reduced its liability accrual in the first quarter by $4.0 million related to the company's estimated share of Visa's covered litigation. This reduction was a result of funding the covered litigation escrow by Visa, also part of their IPO process. The total Visa impact represents $12.9 million of the change over prior year-to-date earnings.

Net interest income for the six months ended June 30, 2008 increased $16.6 million, or 14.6 percent, compared to the same period in 2007 due primarily to higher average earning assets and net interest margin. Net interest margin increased to 3.60 percent for the six months ended June 30, 2008 as compared to 3.37 percent for the same period in 2007.

Noninterest income increased $25.0 million or 18.0 percent, to $164.0 million for the six months ended June 30, 2008 as compared to the same period in 2007. The increase is primarily attributable to higher trust and securities processing income, deposit service charges, trading and investment banking income, bankcard fees and the impact from the Visa transaction. Trust and securities processing income increased $8.1 million, or 14.4 percent, for the year-to-date June 30, 2008 as compared to the same period in 2007. Deposit service charges were $2.0 million, or 5.0 percent, higher for the six months ended June 30, 2008. Trading and investment banking income increased $1.5 million, or 14.1 percent, for the year-to-date June 30, 2008. Bankcard fees increased $3.1 million, or 16.2 percent, for the first six months of 2008 as compared to the same period in 2007. An $8.9 million gain was recognized on the mandatory partial redemption of the company's holdings of Class B shares of Visa. This redemption was part of Visa's IPO during the first quarter of 2008.

Noninterest expense increased $9.8 million, or 5.0 percent, for the six months ended June 30, 2008 compared to the same period in 2007. Salary expense increased by $9.0 million, or 9.0 percent, mostly due to higher employee base salaries, higher commissions and bonuses and higher cost of benefits. Processing fees increased by $2.9 million, or 20.8 percent, due to increased third party custodian fees related to international transactions from mutual fund clients and sub-transfer agency fees paid for the shareholder servicing of the UMB Scout Funds. A reduction of the covered litigation provision of $4.0 million related to the Visa-covered litigation escrow established due to the Visa IPO was recorded in the first quarter 2008.

The company plans to host a conference call to discuss its second quarter results on July 23, 2008, at 8:30 a.m. (CDT). Interested parties may access the call by dialing U.S./Canada (toll-free) 800.218.0530 or access the following Web link at least ten minutes before the call begins:

http://w.on24.com/r.htm?e=113885&s=1&k=1584188752284D2DA3B582BEE21 15A84 or visit umb.com, Investor Relations, to access the link to the live call. (Due to its length, this URL may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.)

A replay of the conference call may be heard until July 30, 2008, by calling U.S./Canada (toll-free) 800.405.2236 or 303.590.3000. The replay pass code required for playback is conference ID 11116662#. 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, and other risks and uncertainties detailed in UMB's filings with the Securities and Exchange Commission, may cause actual results to differ materially from those discussed in this release. UMB has no duty to update such statements, and undertakes no obligation to update or supplement forward-looking statements that become untrue because of new information, future events or otherwise.

About UMB:

UMB Financial Corporation (NASDAQ:UMBF) is a multi-bank holding company headquartered in Kansas City, Missouri, 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 a fund services group based in Milwaukee, Wisconsin, single-purpose companies that deal with brokerage services and insurance and a registered investment advisor that manages the company's proprietary mutual funds.
CONSOLIDATED BALANCE SHEETS UMB Financial Corporation
----------------------------------------------------------------------
(unaudited, dollars in thousands)
June 30,
Assets 2008 2007
----------------------------------------------------------------------

Loans $ 4,106,078 $3,958,178
Allowance for loan losses (48,101) (45,248)
--------------------------
Net loans 4,057,977 3,912,930
--------------------------
Loans held for sale 17,611 14,290
Investment Securities:
Available for sale 2,915,559 2,712,046
Held to maturity 39,015 39,445
Federal Reserve Bank stock and other 19,263 18,515
Trading securities 62,972 67,015
--------------------------
Total investment securities 3,036,809 2,837,021
--------------------------
Federal funds and resell agreements 510,965 365,466
Cash and due from banks 658,218 430,908
Bank premises and equipment, net 225,942 239,122
Accrued income 58,679 58,779
Goodwill 94,512 94,631
Other intangibles 16,360 17,935
Other assets 129,449 62,962
--------------------------
Total assets $ 8,806,522 $8,034,044
==========================


Liabilities
--------------------------------------------
Deposits:
Noninterest - bearing demand $ 2,088,221 $1,892,947
Interest - bearing demand and savings 2,831,851 2,679,537
Time deposits under $100,000 830,114 775,111
Time deposits of $100,000 or more 605,233 450,900
--------------------------
Total deposits 6,355,419 5,798,495
--------------------------
Federal funds and repurchase agreements 1,204,136 1,255,414
Short-term debt 215,378 12,646
Long-term debt 34,449 35,788
Accrued expenses and taxes 64,968 46,726
Other liabilities 15,159 24,547
--------------------------
Total liabilities 7,889,509 7,173,616
--------------------------

Shareholders' Equity
--------------------------------------------
Common stock 55,057 55,057
Capital surplus 705,136 700,616
Retained earnings 473,998 406,048
Accumulated other comprehensive income
(loss) 12,573 (22,858)
Treasury stock (329,751) (278,435)
--------------------------
Total shareholders' equity 917,013 860,428
--------------------------
Total liabilities and shareholders'
equity $ 8,806,522 $8,034,044
==========================
Consolidated Statements of
Income UMB Financial Corporation
----------------------------------------------------------------------
(unaudited, dollars in thousands except share and per share data)

Three Months Ended Six Months Ended
June 30, June 30,
Interest Income 2008 2007 2008 2007
----------------------------------------------------------------------
Loans $ 58,710 $ 68,313 $ 123,351 $ 134,414
Securities:
Taxable Interest 25,329 23,206 52,792 47,948
Tax-exempt
interest 6,591 6,126 13,205 12,153
-------------------------------------------------
Total
securities
income 31,920 29,332 65,997 60,101
Federal funds and
resell agreements 1,375 4,126 5,463 11,332
Trading securities
and other 335 666 646 1,263
-------------------------------------------------
Total interest
income 92,340 102,437 195,457 207,110
-------------------------------------------------

Interest Expense
---------------------
Deposits 20,845 28,961 48,795 57,779
Federal funds and
repurchase
agreements 5,001 15,985 15,283 34,340
Short-term debt 65 177 157 280
Long-term debt 418 459 834 892
-------------------------------------------------
Total interest
expense 26,329 45,582 65,069 93,291
-------------------------------------------------
Net interest income 66,011 56,855 130,388 113,819
Provision for loan
losses 4,850 2,000 7,850 3,500
-------------------------------------------------
Net interest
income after
provision for
loan losses 61,161 54,855 122,538 110,319
-------------------------------------------------

Noninterest Income
---------------------
Trust and securities
processing 33,132 28,954 64,363 56,242
Trading and
investment banking 6,350 5,555 11,864 10,394
Service charges on
deposits 20,935 20,686 41,557 39,574
Insurance fees and
commissions 937 955 2,077 1,631
Brokerage fees 2,147 1,987 4,241 4,065
Bankcard fees 11,708 9,900 22,428 19,296
Gain (loss) on sales
of securities
available for sale 29 (7) 411 2
Gain on mandatory
redemption of Visa,
Inc. class B common
stock - - 8,875 -
Other 3,750 4,296 8,161 7,810
-------------------------------------------------
Total noninterest
income 78,988 72,326 163,977 139,014
-------------------------------------------------

Noninterest Expense
---------------------
Salaries and employee
benefits 55,100 49,908 110,144 101,099
Occupancy, net 7,762 7,640 15,409 14,754
Equipment 13,188 13,068 26,471 26,425
Supplies and services 6,065 5,794 11,926 11,513
Marketing and
business development 4,459 4,157 8,349 7,694
Processing fees 8,967 7,131 16,643 13,777
Legal and consulting 1,831 1,941 2,934 3,466
Bankcard 2,618 2,844 5,475 5,435
Amortization of other
intangibles 733 734 1,454 1,469
Covered litigation
provision - - (4,023) -
Other 5,642 5,121 10,812 10,115
-------------------------------------------------
Total noninterest
expense 106,365 98,338 205,594 195,747
-------------------------------------------------

Income before income
taxes 33,784 28,843 80,921 53,586
Income tax provision 10,060 8,780 24,841 16,199
-------------------------------------------------
Net income $ 23,724 $ 20,063 $ 56,080 $ 37,387
=================================================
Per Share Data
---------------------
Net income- basic $ 0.58 $ 0.48 $ 1.37 $ 0.89
Net income- diluted 0.58 0.48 1.36 0.89
Dividends 0.17 0.14 0.32 0.28
Weighted average
shares outstanding 40,657,351 41,857,515 40,817,350 41,944,564
Consolidated Statements of
Shareholders' Equity
UMB Financial Corporation
----------------------------------------------------------------------
(unaudited, dollars in thousands, except per share data)





Common Capital Retained
Stock Surplus Earnings
-------------------------------
Balance - January 1, 2007 $ 55,057 $699,794 $380,464

Comprehensive income (loss)
Net income - - 37,387

Change in unrealized losses on
securities - - -
-------------------------------
Total comprehensive income
Cash dividends ($0.28 per share) - - (11,803)
Purchase of treasury stock - - -
Issuance of equity awards - (898) -
Recognition of equity based
compensation - 1,419 -
Sale of treasury stock - 149 -
Exercise of stock options - 152 -
-------------------------------
Balance - June 30, 2007 55,057 700,616 406,048
-------------------------------

Balance - January 1, 2008 55,057 702,914 430,824
Comprehensive income
Net income - - 56,080

Change in unrealized gains on
securities - - -
-------------------------------
Total comprehensive income
Cash dividends ($0.32 per share) - - (12,906)
Purchase of treasury stock - - -
Issuance of equity awards - (814) -
Recognition of equity based
compensation - 2,020 -
Net tax benefit related to equity
compensation plans 320 -
Sale of treasury stock - 184 - ---
Exercise of stock options - 512 - -
-------------------------------
Balance - June 30, 2008 $ 55,057 $705,136 $473,998
===============================

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



Accumulated
Other
Comprehensive Treasury
Income (Loss) Stock Total
------------------------------------
Balance - January 1, 2007 $ (17,259) $(269,181) $848,875

Comprehensive income (loss)
Net income - - 37,387

Change in unrealized losses on
securities (5,599) - (5,599)
------------------------------------
Total comprehensive income 31,788
Cash dividends ($0.28 per share) - - (11,803)
Purchase of treasury stock - (10,739) (10,739)
Issuance of equity awards - 1,035 137
Recognition of equity based
compensation - - 1,419
Sale of treasury stock - 94 243
Exercise of stock options - 356 508
------------------------------------
Balance - June 30, 2007 (22,858) (278,435) 860,428
------------------------------------

Balance - January 1, 2008 12,246 (310,467) 890,574
Comprehensive income
Net income - - 56,080

Change in unrealized gains on
securities 327 - 327
------------------------------------
Total comprehensive income 56,407
Cash dividends ($0.32 per share) - - (12,906)
Purchase of treasury stock - (21,158) (21,158)
Issuance of equity awards - 954 140
Recognition of equity based
compensation - - 2,020
Net tax benefit related to equity
compensation plans - - 320
Sale of treasury stock - - 94 278
Exercise of stock options - - 826 1,338
------------------------------------
Balance - June 30, 2008 $ 12,573 $(329,751) $917,013
====================================
Average Balances / Yields and Rates UMB Financial Corporation
----------------------------------------------------------------------
(tax - equivalent basis)
---------------------------------------------------------------------
(unaudited, dollars in
thousands) Six Months Ended June 30,
2008 2007
--------------------- ----------------------

Average Average Average Average
Assets Balance Yield/Rate Balance Yield/Rate
--------------------- ----------------------
Loans, net of unearned
interest $4,109,000 6.04% $3,892,891 6.97%
Securities:
Taxable 2,371,806 4.48 2,055,414 4.70
Tax-exempt 764,538 5.25 705,629 5.06
------------------- ---------------------
Total securities 3,136,344 4.66 2,761,043 4.79
Federal funds and resell
agreements 378,522 2.90 423,775 5.39
Trading securities and
other 40,879 3.44 64,251 4.10
------------------- ---------------------
Total earning assets 7,664,745 5.31 7,141,960 6.01
Allowance for loan losses (47,943) (44,972)
Other assets 1,003,266 941,773
---------- ----------
Total assets $8,620,068 $8,038,761
---------- ----------


Liabilities and
Shareholders' Equity
Interest-bearing deposits $4,328,435 2.27% $3,852,331 3.02%
Federal funds and
repurchase agreements 1,324,614 2.32 1,402,826 4.94
Borrowed funds 48,736 4.09 48,723 4.85
------------------- ---------------------
Total interest-bearing
liabilities 5,701,785 2.29 5,303,880 3.55
Noninterest-bearing demand
deposits 1,899,165 1,789,445
Other liabilities 98,309 85,089
Shareholders' equity 920,809 860,347
---------- ----------
Total liabilities and
shareholders' equity $8,620,068 $8,038,761
---------- ----------
Net interest spread 3.02% 2.46%
Net interest margin 3.60 3.37


Three Months Ended June 30,
2008 2007
--------------------- ----------------------

Average Average Average Average
Assets Balance Yield/Rate Balance Yield/Rate
--------------------- ----------------------
Loans, net of unearned
interest $4,138,271 5.71% $3,918,415 7.00%
Securities:
Taxable 2,349,393 4.34 1,975,785 4.71
Tax-exempt 762,667 5.29 708,503 5.05
------------------- ---------------------
Total securities 3,112,060 4.57 2,684,288 4.80
Federal funds and resell
agreements 251,372 2.20 307,503 5.38
Trading securities and
other 41,566 3.41 67,305 4.14
------------------- ---------------------
Total earning assets 7,543,269 5.11 6,977,511 6.05
Allowance for loan losses (48,879) (44,965)
Other assets 1,055,688 995,491
---------- ----------
Total assets $8,550,078 $7,928,037
---------- ----------


Liabilities and
Shareholders' Equity
Interest-bearing deposits $4,311,905 1.94% $3,811,967 3.05%
Federal funds and
repurchase agreements 1,203,088 1.67 1,309,594 4.90
Borrowed funds 48,147 4.03 51,166 4.99
------------------- ---------------------
Total interest-bearing
liabilities 5,563,140 1.90 5,172,727 3.53
Noninterest-bearing demand
deposits 1,968,295 1,799,376
Other liabilities 98,652 92,829
Shareholders' equity 919,991 863,105
---------- ----------
Total liabilities and
shareholders' equity $8,550,078 $7,928,037
---------- ----------
Net interest spread 3.21% 2.52%
Net interest margin 3.71 3.43

SECOND QUARTER 2008
UMB Financial
FINANCIAL HIGHLIGHTS Corporation
----------------------------------------------------------------------
(unaudited, dollars in thousands, except share and per share data)

Six Months Ended June 30 2008 2007
-------------------------------------------- -------------------------
Net interest income $ 130,388 $ 113,819
Provision for loan losses 7,850 3,500
Noninterest income 163,977 139,014
Noninterest expense 205,594 195,747
Income before income taxes 80,921 53,586
Net income 56,080 37,387
Net income per share - Basic 1.37 0.89
Net income per share - Diluted 1.36 0.89
Return on average assets 1.31% 0.94%
Return on average equity 12.25% 8.76%

Three Months Ended June 30
--------------------------------------------
Net interest income $ 66,011 $ 56,855
Provision for loan losses 4,850 2,000
Noninterest income 78,988 72,326
Noninterest expense 106,365 98,338
Income before income taxes 33,784 28,843
Net income 23,724 20,063
Net income per share - Basic 0.58 0.48
Net income per share - Diluted 0.58 0.48
Return on average assets 1.12% 1.02%
Return on average equity 10.37% 9.32%

At June 30
--------------------------------------------
Assets $ 8,806,522 $ 8,034,044
Loans, net of unearned interest 4,106,078 3,958,178
Securities 3,036,809 2,837,021
Deposits 6,355,419 5,798,495
Shareholders' equity 917,013 860,428
Book value per share 22.40 20.44
Market price per share 51.27 36.87
Equity to assets 10.41% 10.71%
Allowance for loan losses $ 48,101 $ 45,248
As a % of loans 1.17% 1.14%
Nonaccrual and restructured loans $ 8,192 $ 7,926
As a % of loans 0.20% 0.20%
Loans over 90 days past due $ 5,724 $ 1,789
As a % of loans 0.14% 0.05%
Other real estate owned $ 1,381 $ 270
Net loan charge-offs quarter-to-date $ 4,230 $ 1,515
As a % of average loans 0.41% 0.16%
Net loan charge-offs year-to-date $ 5,735 $ 3,178
As a % of average loans 0.28% 0.17%

Common shares outstanding 40,935,097 42,099,765

Average Balances
Six Months Ended June 30
--------------------------------------------
Assets $ 8,620,068 $ 8,038,761
Loans, net of unearned interest 4,109,000 3,892,891
Securities 3,136,344 2,761,043
Deposits 6,227,600 5,641,776

Shareholders' equity 920,809 860,347
Selected Financial Data
of Affiliate Banks UMB Financial Corporation
----------------------------------------------------------------------
(unaudited, dollars in
thousands) June 30, 2008

Loans
Net of
Total Unearned Total Shareholders'
Missouri Assets Interest Deposits Equity
----------------------------------------------------------------------
UMB Bank, n. a. $7,615,550 $3,296,563 $5,583,847 $ 603,833

Colorado
----------------------------------------------------------------------
UMB Bank Colorado, n.
a. 829,532 520,807 550,026 123,645

Kansas
----------------------------------------------------------------------
UMB National Bank of
America 590,224 228,695 407,738 71,298

Arizona
----------------------------------------------------------------------
UMB Bank Arizona, n. a. 72,235 71,926 9,938 8,521

Banking - Related Subsidiaries
----------------------------------------------------------------------
UMB Community Development Corporation
UMB Banc Leasing Corp.
UMB Financial Services, Inc.
UMB Scout Insurance Services, Inc.
UMB Capital Corporation
United Missouri Insurance Company
UMB Trust Company of South Dakota
Scout Investment Advisors, Inc.
UMB Fund Services, Inc.
UMB Consulting Services, Inc.
Kansas City Realty Company
Kansas City Financial Corporation
UMB Redevelopment Corporation
UMB Realty Company, LLC
UMB National Sales Corporation
Grand Distribution Services, LLC
UMB Distribution Service, LLC