UMB Bank reports year-end results

The company announced earnings of $56.3 million, or $2.60 per diluted share, for the year ended Dec. 31. That's 31.5 percent higher than the 2004 total of $42.8 million.

Net interest income was up 5.1 percent from 2004, to $188.3 million, and noninterest income was up by 10.4 percent to $251.9 million.

Both increases were attributed to increases in fee-based revenue as well as net gains on the sales and closures of branches and employee benefit accounts.

Total loans as of Dec. 31 increased 18.3 percent from the previous year to $3.33 billion. Total assets increased 5.7 percent to $8.25 billion, and total deposits increased 9.9 percent to $5.92 billion.

“2005 was a year of growth and improved financial performance for our company,” said Mariner Kemper, chairman and CEO of UMB Financial Corp., in a news release. “2006 will be a year in which we will continue to make investments to position our company for continued growth. Key investments will be made in people, technology and our distribution network.”

For the fourth quarter of 2005, net interest income totaled $48.2 million, up 7.3 percent from the same period in 2004. Diluted net income per share for the quarter totaled 69 cents, up 27.8 percent from fourth quarter 2004 figures.

Shares of stock of UMB Financial Corp. (Nasdaq: UMBF) ended the day Jan. 26 at $67.05, compared to a 52-week range of $52.89 to $68.49.