UMB Financial Corporation Reports a 24 Percent Increase and Record Full-Year Earnings...

UMB Financial Corporation Reports a 24 Percent Increase and Record Full-Year Earnings of $74.2 Million for 2007

Selected Financial Highlights

-- Record full-year revenue of $521.5 million

-- Record full-year noninterest income of $288.8 million

-- Net interest margin for the year increased 6 basis points to
3.44 percent

-- Nonperforming loans remained flat at 0.17 percent of loans

-- Net chargeoffs for the year remained flat at 0.21 percent of
average loans

-- Capital remains strong with an equity-to-assets ratio of 9.5
percent
KANSAS CITY, Mo.--(Business Wire)--UMB Financial Corporation (NASDAQ: UMBF), a multi-bank holding
company, announced earnings for the year ended December 31, 2007 of
$74.2 million or $1.78 per share ($1.77 diluted). This is an increase
of $14.4 million, or 24.2 percent, compared to the prior year earnings
of $59.8 million or $1.40 per share ($1.40 diluted). Earnings for the
three months ended December 31, 2007 were $15.3 million or $0.37 per
share ($0.37 diluted). This is a decrease of $0.5 million, or 3.2
percent, compared to fourth quarter 2006 earnings of $15.8 million or
$0.37 per share ($0.37 diluted). The fourth quarter in 2007 included a
pre-tax liability accrual of $4.6 million related to the company's
estimated share of Visa U.S.A., Inc.'s (Visa) covered litigation
provision as well as a $0.7 million net gain on a contingent payment
received on the sale of the securities transfer product. Excluding
these adjustments, net income for the fourth quarter would have
increased 12.6 percent to $17.8 million. A table reconciling GAAP net
income for these items for the quarter and year-to-date is included
with this release.

"This quarter we watched the industry weather some challenging
conditions," commented Mariner Kemper, Chairman and CEO of UMB
Financial Corporation. "I am extremely proud of the results our
associates achieved for the quarter and the year. Our results
continued to be fueled by double-digit fee income growth and an
increase in net interest income. In addition, we grew average loans
9.0 percent while not wavering from our historically strong
underwriting standards. Our financial performance in the current
market environment validates our time-tested model of quality,
liquidity and capital strength."

Net Interest Income

Net interest income for the fourth quarter of 2007 increased $4.2
million, or 7.4 percent, compared to the same period in 2006 due
primarily to higher average earning assets while increasing net
interest margin. Average earning assets increased by $266.0 million,
or 3.9 percent, as compared to the fourth quarter of 2006. Most of
this increase was due to a $138.5 million, or 3.7 percent, increase in
average loans and a $149.1 million, or 5.3 percent, increase in total
securities, including trading securities and other. Net interest
margin increased 14 basis points to 3.55 percent for the three months
ended December 31, 2007 as compared to the same quarter in 2006.

Noninterest Income and Expense

"Our results for the fourth quarter continue to be driven by the
improvement in our fee-based businesses," said Peter deSilva,
President and Chief Operating Officer. "Noninterest income increased
12.1 percent for the quarter, and 13.3 percent for the year. This
growth was primarily due to the increase in trust and securities
processing income from our Asset Management and Fund Services
divisions, as well as bankcard fees. Additionally, during the quarter,
we announced that our Healthcare Services Division passed $100 million
in Health Savings Account (HSA) assets, or an increase of 53 percent
over the prior year. Finally, with almost 800,000 healthcare accounts,
we are optimistic about the growth opportunity and remain committed to
maintaining our leadership position in this important segment."

Noninterest income increased $7.9 million, or 12.1 percent, for
the three months ended December 31, 2007 compared to the same period
in 2006. Trust and securities processing income increased $4.9
million, or 19.2 percent, for the three months ended December 31, 2007
compared to the same period in 2006. This increase was primarily due
to a $1.5 million, or 20.0 percent, increase in fee income from the
UMB Scout Funds and a $2.3 million, or 29.4 percent, increase in fund
administration and distribution services. Deposit service charges were
$1.5 million, or 8.4 percent, higher in the fourth quarter 2007 than
in the same period in 2006 due mostly to greater individual overdraft
and return item charges as well as pricing changes implemented at the
beginning of 2007. A $0.7 million net gain was recognized on a
contingent payment received on the sale of the securities transfer
product, which was completed during the third quarter. In addition,
gains on the sale of available-for-sale securities of $1.0 million
were recognized during the quarter.

Noninterest expense increased $11.3 million, or 11.4 percent, for
the three months ended December 31, 2007 compared to the same period
in 2006. Salary expense increased by $4.3 million, or 8.6 percent,
mostly due to higher employee base salaries, higher commissions and
bonuses, and higher cost of benefits. Marketing and business
development increased $0.7 million, or 21.3 percent, due to timing of
marketing initiatives in the fourth quarter of 2007 compared to the
same quarter in 2006. Processing fees increased $1.0 million, or 13.1
percent, due to increased third party custodian fees related to
international transactions from mutual fund clients and sub-transfer
agency fees paid for the distribution of the UMB Scout Funds. A
liability of $4.6 million, which represents more than 40 percent of
the noninterest expense increase, was recorded for the estimated
company's proportional share of Visa's covered litigation. Excluding
this litigation liability, noninterest expense would have increased
6.7 percent.

Balance Sheet and Margin

"Our balance sheet remains well positioned in this time of
economic instability," said Mike Hagedorn, Chief Financial Officer.
"Our capital ratios are a reflection of our balance sheet strength.
Moreover, our loan portfolio continued to grow in the fourth quarter,
with commercial, HELOC and credit cards recording solid gains. Last
quarter, we announced the strategic decision to run off our indirect
loan portfolio, and continue to monitor our funding needs as a result.
We expect this run-off to reduce our reliance on short-term
instruments and repurchase agreements, and provide more balance sheet
flexibility. Our current balance sheet and funding structure have
allowed us to manage our funding costs as rates declined and
contributed to margin improvement during the quarter."

Average total assets for the three months ended December 31, 2007
were $8.1 billion compared to $7.8 billion for the same period in
2006, an increase of $298.5 million, or 3.8 percent. Average earning
assets increased by $266.0 million, or 3.9 percent.

Actual loan balances on December 31, 2007 were $3.9 billion,
compared to $3.8 billion on December 31, 2006. These balances were as
follows:

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*T
Loans by Category December 31, December 31, Change Percent
(in thousands) 2007 2006 Change
------------ ------------ ---------- ----------
Commercial,
financial and
agricultural $1,769,505 $1,564,793 $204,712 13.1%
Real estate
construction 83,292 84,141 (849) (1.0)%
Consumer 795,826 982,325 (186,499) (19.0)%
Real estate 1,262,389 1,116,405 145,984 13.1%
Leases 6,113 5,781 332 5.7%
------------ ------------ ---------- ----------
Loans before loans
held for sale 3,917,125 3,753,445 163,680 4.4%
------------ ------------ ---------- ----------
Loans held for
sale 12,240 14,120 (1,880) (13.3)%
------------ ------------ ---------- ----------
Total loans and
loans held for
sale $3,929,365 $3,767,565 $161,800 4.3%
------------ ------------ ---------- ----------
*T

Nonperforming loans were flat at December 31, 2007 and 2006
totaling $6.6 million. As a percentage of total loans, nonperforming
loans were 0.17 percent of loans as of December 31, 2007 and 2006.
Nonperforming loans are defined as nonaccrual loans and restructured
loans. The company's allowance for loan losses totaled $46.0 million,
or 1.17 percent of total loans as of December 31, 2007 compared to
$44.9 million, or 1.20 percent of total loans as of December 31, 2006.

For the three months ended December 31, 2007, average securities,
including trading securities and other, totaled $3.0 billion. This is
an increase of $149.1 million, or 5.3 percent from the same period in
2006. Average federal funds sold and resell agreements for the fourth
quarter decreased $21.7 million, or 7.6 percent over the same period
in 2006 to $264.2 million.

Average total deposits increased $338.5 million, or 6.1 percent,
to $5.9 billion for the three months ended December 31, 2007, compared
to the same period in 2006. The increase in deposits came primarily
from our public funds, mutual fund processing and treasury management
businesses. Average time deposit accounts increased by $112.0 million,
or 9.0 percent, for the three months ended December 31, 2007 as
compared to 2006. Average money market accounts increased by $199.3
million, or 20.0 percent, in 2007 as compared to 2006. Total deposits
as of December 31, 2007 were $6.6 billion, compared to $6.3 billion at
December 31, 2006, a 3.8 percent increase.

As of December 31, 2007, UMB had total shareholders' equity of
$890.6 million, a 4.9 percent increase from the prior year. For the
three months ended December 31, 2007, the company repurchased 448,707
shares at an average price of $40.31 per share, for a total cost of
$18.1 million. For the year, shares repurchased totaled 1.1 million,
which at an average price of $39.37 per share, resulted in a total
cost of $43.3 million.

The company declared its regular quarterly cash dividend of $0.15
per share to be paid on April 1, 2008, to shareholders of record at of
the close of business on March 11, 2008.

Year-to-Date

Earnings for the year ended December 31, 2007 were $74.2 million
or $1.78 per share ($1.77 diluted). This is an increase of $14.4
million, or 24.2 percent, compared to the prior year earnings of $59.8
million or $1.40 per share ($1.40 diluted). Excluding a $7.2 million
pre-tax net gain on the sale of the securities transfer product as
well as the $4.6 million liability recorded for the company's
proportional share of Visa's covered litigation provision, adjusted
net income would have totaled $72.6 million or a 21.4 percent increase
over 2006. A table reconciling GAAP net income for these items for the
quarter and year-to-date is included with this release.

Net interest income for the year ended December 31, 2007 increased
$15.5 million, or 7.1 percent, compared to the same period in 2006 due
primarily to higher average earning assets and rates. Net interest
margin increased to 3.44 percent for year ended December 31, 2007 as
compared to 3.38 percent for the same period in 2006.

Noninterest income increased $33.8 million or 13.3 percent, to
$288.8 million for the year ended December 31, 2007 as compared to the
same period in 2006. The increase was primarily attributable to higher
trust and securities processing income, deposit service charges,
trading and investment income and brokerage fees. Trust and securities
processing income increased $17.3 million, or 17.6 percent, for
year-to-date December 31, 2007 as compared to the same period in 2006.
Deposit service charges were $6.3 million, or 8.5 percent, higher for
the twelve months ended December 31, 2007 than the same period in 2006
due mostly to greater individual overdraft and return item charges as
well as pricing changes implemented at the beginning of the year. A
$7.2 million net gain was recognized on the sale of the securities
transfer product, which was completed during the third quarter.
Excluding this net gain, noninterest income would have increased 10.4
percent.

Noninterest expense increased $25.7 million, or 6.8 percent, for
the twelve months ended December 31, 2007 compared to the same period
in 2006. Salary expense increased by $12.9 million, or 6.7 percent,
mostly due to higher employee base salaries, higher commissions and
bonuses and higher cost of benefits. Occupancy expense increased $2.5
million, or 8.9 percent, mainly from increased repair and maintenance
costs of existing facilities and increased facility security expense.
Equipment expense increased by $3.7 million, or 7.6 percent, for the
year ended December 31, 2007 as compared to the same period in 2006
due mostly to higher amortization and maintenance costs related to
software and associated equipment. A liability of $4.6 million was
recorded for the company's proportional share of Visa's covered
litigation provision. Excluding this liability, noninterest expense
would have increased 5.5 percent.

The company plans to host a conference call to discuss its fourth
quarter and full-year results on January 23, 2008, at 8:30 a.m. (CST).
Interested parties may access the call by dialing U.S./Canada
(toll-free) 800-218-0530 or access the following Web link at least 10
minutes before the call begins:
http://w.on24.com/r.htm?e=99489&s=1&k=1687404DB24DB20851AB9BEB2DDA5198
or visit www.umb.com, investor relations, to access the link to the
live call.

A replay of the conference call may be heard until February 6,
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 11104690#.
The call replay may also be accessed via the company's Web site,
www.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.

Non-GAAP Financial Measures:

Certain financial measures contained in this press release exclude
net gains associated with the sale of the securities transfer product
in July, 2007, as well as a liability accrual related to Visa's
covered litigation provision. Financial measures which exclude those
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 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 an investment 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.

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*T
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 Months Ended Year Ended
December 31, December 31,
2007 2007
------------------- -------------------
Net interest income after
provision for loan losses $57,858 $223,351
Noninterest income 72,877 288,788
Noninterest expense 110,018 407,164
Income tax provision 5,418 30,762
------------------- -------------------
Net income 15,299 74,213

Adjustments
------------------------------
Noninterest income
Gain on sale of securities
transfer (727) (7,218)
Noninterest expense
Covered litigation provision 4,628 4,628
------------------- -------------------
Total Adjustments pre-tax 3,901 (2,590)
Income tax provision (1,404) 932
------------------- -------------------
After tax adjustments to GAAP 2,497 (1,658)
------------------- -------------------
Adjusted net income $17,796 $72,555
=================== ===================

The above table presents the variation in net income on an as reported
(GAAP) basis and excluding certain gains related to the sale of
securities transfer and the covered litigation provision. The press
release includes commentary that compares both GAAP and non-GAAP
financial measures.
*T

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CONSOLIDATED BALANCE SHEETS UMB Financial Corporation
----------------------------------------------------------------------
(all dollars in thousands) (unaudited)
December 31,
Assets 2007 2006
----------------------------------------- ---------------------------

Loans $3,917,125 $3,753,445
Allowance for loan losses (45,986) (44,926)
---------------------------
Net loans 3,871,139 3,708,519
---------------------------
Loans held for sale 12,240 14,120
Investment Securities:
Available for sale 3,385,952 3,238,648
Held to maturity 37,658 44,781
Federal Reserve Bank stock and other 19,287 15,490
Trading securities 43,883 64,534
---------------------------
Total investment securities 3,486,780 3,363,453
---------------------------
Federal funds and resell agreements 712,012 848,922
Cash and due from banks 806,600 531,188
Bank premises and equipment, net 235,528 243,216
Accrued income 62,021 57,313
Goodwill 94,512 93,723
Other intangibles 16,463 19,309
Other assets 45,664 38,002
---------------------------
Total assets $9,342,959 $8,917,765
===========================

Liabilities
-----------------------------------------
Deposits:
Noninterest - bearing demand $2,094,422 $2,293,096
Interest - bearing demand and savings 2,959,109 2,644,125
Time deposits under $100,000 852,837 799,003
Time deposits of $100,000 or more 644,434 572,740
---------------------------
Total deposits 6,550,802 6,308,964
---------------------------
Federal funds and repurchase agreements 1,734,749 1,620,945
Short-term debt 33,753 17,881
Long-term debt 36,032 38,020
Accrued expenses and taxes 76,362 52,381
Other liabilities 20,687 30,699
---------------------------
Total liabilities 8,452,385 8,068,890
---------------------------

Shareholders' Equity
-----------------------------------------
Common stock 55,057 55,057
Capital surplus 702,914 699,794
Retained earnings 430,824 380,464
Accumulated other comprehensive income
(loss) 12,246 (17,259)
Treasury stock (310,467) (269,181)
---------------------------
Total shareholders' equity 890,574 848,875
---------------------------
Total liabilities and shareholders'
equity $9,342,959 $8,917,765
===========================
*T

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

Three Months Ended Year Ended
December 31, December 31,
Interest Income 2007 2006 2007 2006
-------------------------- -------------------------------------------
Loans $67,252 $65,424 $270,638 $238,356
Securities:
Taxable Interest 26,377 23,605 97,576 85,585
Tax-exempt interest 6,627 6,060 25,269 23,448
-------------------------------------------
Total securities
income 33,004 29,665 122,845 109,033
Federal funds and resell
agreements 3,000 3,960 18,659 19,112
Trading securities and
other 447 553 2,271 2,582
-------------------------------------------
Total interest income 103,703 99,602 414,413 369,083
-------------------------------------------

Interest Expense
--------------------------
Deposits 31,026 27,312 120,217 96,889
Federal funds and
repurchase agreements 11,263 15,146 59,250 52,832
Short-term debt 150 190 591 619
Long-term debt 406 313 1,671 1,519
-------------------------------------------
Total interest expense 42,845 42,961 181,729 151,859
-------------------------------------------
Net interest income 60,858 56,641 232,684 217,224
Provision for loan losses 3,000 1,000 9,333 8,734
-------------------------------------------
Net interest income
after provision for
loan losses 57,858 55,641 223,351 208,490
-------------------------------------------

Noninterest Income
--------------------------
Trust and securities
processing 30,454 25,551 115,585 98,250
Trading and investment
banking 4,541 4,755 19,288 18,192
Service charges on
deposits 19,945 18,408 79,880 73,598
Insurance fees and
commissions 875 807 3,418 3,956
Brokerage fees 1,999 1,602 8,023 6,228
Bankcard fees 10,541 10,009 39,972 38,759
(Losses) gains on sales of
assets and deposits, net (684) 384 (597) 793
Gain on sale of securities
transfer 727 - 7,218 -
Gains (losses) on sales of
securities available for
sale 1,007 (3) 1,010 117
Other 3,472 3,499 14,991 15,052
-------------------------------------------
Total noninterest income 72,877 65,012 288,788 254,945
-------------------------------------------

Noninterest Expense
--------------------------
Salaries and employee
benefits 54,345 50,052 206,883 193,980
Occupancy, net 7,833 7,488 30,255 27,776
Equipment 12,901 12,882 52,711 48,968
Supplies and services 6,108 5,817 23,435 22,805
Marketing and business
development 3,869 3,190 15,443 14,835
Processing fees 8,593 7,601 29,861 28,292
Legal and consulting 2,656 2,440 8,451 8,175
Bankcard 2,980 3,610 11,064 13,831
Amortization of other
intangibles 721 731 2,943 1,600
Covered litigation
provision 4,628 - 4,628 -
Other 5,384 4,917 21,490 -
-------------------------------------------
Total noninterest
expense 110,018 98,728 407,164 381,417
-------------------------------------------

Income before income taxes 20,717 21,925 104,975 82,018
Income tax provision 5,418 6,124 30,762 22,251
-------------------------------------------
Net income $15,299 $15,801 $74,213 $59,767
===========================================
Per Share Data
--------------------------
Net income - Basic $0.37 $0.37 $1.78 $1.40
Net income - Diluted 0.37 0.37 1.77 1.40
Dividends 0.15 0.13 0.57 0.52
Weighted average shares
outstanding 41,279,865 42,349,000 41,712,223 42,592,960
*T

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Consolidated Statements of
Shareholders' Equity UMB Financial Corporation
----------------------------------------------------------------------
(all dollars in thousands)
(unaudited)

Common Capital Unearned Retained
Stock Surplus Compensation Earnings
------- -------- ------------ ---------
Balance - January 1, 2006 $27,528 $728,108 $(1,904) $342,675

Comprehensive income (loss)
Net income - - - 59,767
Change in unrealized losses
on securities - - - -
------- -------- ------------ ---------
Total comprehensive income
Cash dividends ($0.52 per
share) - - - (21,978)
Stock split 2 for 1 27,529 (27,529) - -
Purchase of treasury stock - - -
Issuance of stock awards - (938) - -
Adoption of SFAS 123(R) - (1,904) 1,904 -
Recognition of stock-based
compensation - 1,669 - -
Sale of treasury stock - 280 - -
Exercise of stock options - 108 - -
------- -------- ------------ ---------
Balance - December 31, 2006 55,057 699,794 - 380,464
------- -------- ------------ ---------

Comprehensive income
Net income - - - 74,213
Other Comprehensive income
Change in unrealized losses
on securities - - - -
------- -------- ------------ ---------
Total comprehensive income
Cash dividends ($0.57 per
share) - - - (23,853)
Purchase of treasury stock - - - -
Issuance of stock awards - (946) - -
Recognition of stock-based
compensation - 3,383 - -
Net tax benefit related to
equity compensation plans 26 - -
Sale of treasury stock - 321 - -
Exercise of stock options - 336 - -
------- -------- ------------ ---------
Balance - December 31, 2007 $55,057 $702,914 $- $430,824
======= ======== ============ =========

Consolidated Statements of
Shareholders' Equity UMB Financial Corporation
----------------------------------------------------------------------
(all dollars in thousands)
(unaudited)

Accumulated
Other
Comprehensive Treasury
Income (Loss) Stock Total
------------- ---------- --------
Balance - January 1, 2006 $(21,550) $(241,394) $833,463

Comprehensive income (loss)
Net income - - 59,767
Change in unrealized losses on
securities 4,291 - 4,291
------------- ---------- --------
Total comprehensive income 64,058
Cash dividends ($0.52 per share) - - (21,978)
Stock split 2 for 1 - - -
Purchase of treasury stock - (29,598) (29,598)
Issuance of stock awards - 1,088 150
Adoption of SFAS 123(R) - - -
Recognition of stock-based
compensation - - 1,669
Sale of treasury stock - 194 474
Exercise of stock options - 529 637
------------- ---------- --------
Balance - December 31, 2006 (17,259) (269,181) 848,875
------------- ---------- --------

Comprehensive income
Net income - - 74,213
Other Comprehensive income
Change in unrealized losses on
securities 29,505 - 29,505
------------- ---------- --------
Total comprehensive income 103,718
Cash dividends ($0.57 per share) - - (23,853)
Purchase of treasury stock - (43,309) (43,309)
Issuance of stock awards - 1,083 137
Recognition of stock-based
compensation - - 3,383
Net tax benefit related to equity
compensation plans - - 26
Sale of treasury stock - 181 502
Exercise of stock options - 759 1,095
------------- ---------- --------
Balance - December 31, 2007 $12,246 $(310,467) $890,574
============= ========== ========
*T

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*T
Average Balances / Yields and
Rates UMB Financial Corporation
----------------------------------------------------------------------
(tax - equivalent
basis)
----------------------
(all dollars in
thousands)(unaudited) Year Ended December 31,
2007 2006
----------------------- -----------------------
Average Average Average Average
Assets Balance Yield/Rate Balance Yield/Rate
----------- ----------- ----------- -----------
Loans, net of unearned
interest $3,901,853 6.94% $3,579,665 6.66%
Securities:
Taxable 2,061,994 4.73 2,059,946 4.15
Tax-exempt 725,765 5.12 682,363 4.99
----------- ----------- ----------- -----------
Total securities 2,787,759 4.83 2,742,309 4.36
Federal funds and
resell agreements 360,288 5.18 378,028 5.06
Trading securities and
other 58,862 4.03 56,639 4.68
----------- ----------- ----------- -----------
Total earning
assets 7,108,762 6.00 6,756,641 5.62
Allowance for loan
losses (45,647) (42,214)
Other Assets 933,171 868,790
----------- -----------
Total assets $7,996,286 $7,583,217
----------- -----------

Liabilities and
Shareholders' Equity
Interest-bearing
deposits $3,936,104 3.05% $3,648,158 2.66%
Federal funds and
repurchase agreements 1,272,699 4.66 1,148,454 4.60
Borrowed funds 49,777 4.54 51,084 4.19
----------- ----------- ----------- -----------
Total interest-
bearing
liabilities 5,258,580 3.46 4,847,696 3.13
Noninterest-bearing
demand deposits 1,780,098 1,840,640
Other liabilities 83,530 51,784
Shareholders' equity 874,078 843,097
----------- -----------
Total liabilities
and shareholders'
equity $7,996,286 $7,583,217
----------- -----------
Net interest spread 2.54% 2.49%
Net interest margin 3.44 3.38

Three Months Ended December 31,
2007 2006
----------------------- -----------------------
Average Average Average Average
Assets Balance Yield/Rate Balance Yield/Rate
----------- ----------- ----------- -----------
Loans, net of unearned
interest $3,915,493 6.82% $3,776,980 6.88%
Securities:
Taxable 2,188,027 4.78 2,084,945 4.49
Tax-exempt 754,429 5.13 703,908 4.94
----------- ----------- ----------- -----------
Total securities 2,942,456 4.87 2,788,853 4.60
Federal funds and
resell agreements 264,226 4.50 285,880 5.50
Trading securities and
other 48,373 3.90 52,869 4.28
----------- ----------- ----------- -----------
Total earning
assets 7,170,548 5.92 6,904,582 5.88
Allowance for loan
losses (46,711) (44,261)
Other assets 944,979 909,953
----------- -----------
Total assets $8,068,816 $7,770,274
----------- -----------

Liabilities and
Shareholders' Equity
Interest-bearing
deposits $4,089,202 3.01% $3,752,809 2.89%
Federal funds and
repurchase agreements 1,129,856 3.95 1,224,005 4.91
Borrowed funds 51,644 4.27 52,672 3.79
----------- ----------- ----------- -----------
Total interest-
bearing
liabilities 5,270,702 3.23 5,029,486 3.39
Noninterest-bearing
demand deposits 1,810,307 1,808,153
Other liabilities 93,551 75,846
Shareholders' equity 894,256 856,789
----------- -----------
Total liabilities
and shareholders'
equity $8,068,816 $7,770,274
----------- -----------
Net interest spread 2.69% 2.49%
Net interest margin 3.55 3.41
*T

-0-
*T
FOURTH QUARTER 2007
FINANCIAL HIGHLIGHTS UMB Financial Corporation
----------------------------------------------------------------------
(all dollars in thousands, except per
share data) (unaudited)

Year Ended December 31 2007 2006
----------------------------------------- ------------- -------------
Net interest income $232,684 $217,224
Provision for loan losses 9,333 8,734
Noninterest income 288,788 254,945
Noninterest expense 407,164 381,417
Income before income taxes 104,975 82,018
Net income 74,213 59,767
Net income per share - Basic 1.78 1.40
Net income per share - Diluted 1.77 1.40
Return on average assets 0.93% 0.79%
Return on average equity 8.49% 7.09%

Three Months Ended December 31
-----------------------------------------
Net interest income $60,858 $56,641
Provision for loan losses 3,000 1,000
Noninterest income 72,877 65,012
Noninterest expense 110,018 98,728
Income before income taxes 20,717 21,925
Net income 15,299 15,801
Net income per share - Basic 0.37 0.37
Net income per share - Diluted 0.37 0.37
Return on average assets 0.75% 0.81%
Return on average equity 6.79% 7.32%

At December 31
-----------------------------------------
Assets $9,342,959 $8,917,765
Loans, net of unearned interest 3,917,125 3,753,445
Securities 3,486,780 3,363,453
Deposits 6,550,802 6,308,964
Shareholders' equity 890,574 848,875
Book value per share 21.55 20.08
Market price per share 38.36 36.51
Equity to assets 9.53% 9.52%
Allowance for loan losses $45,986 $44,926
As a % of loans 1.17% 1.20%
Nonaccrual and restructured loans $6,581 $6,563
As a % of loans 0.17% 0.17%
Loans over 90 days past due $2,922 $2,706
As a % of loans 0.07% 0.07%
Other real estate owned $1,151 $377
Net loan charge-offs quarter-to-date $3,189 $(387)
As a % of average loans 0.33% (0.04)%
Net loan charge-offs year-to-date $8,273 $6,992
As a % of average loans 0.21% 0.20%

Common shares outstanding 41,327,624 42,266,041

Average Balances
Year Ended December 31
-----------------------------------------
Assets $7,996,286 $7,583,217
Loans, net of unearned interest 3,901,853 3,579,665
Securities 2,787,759 2,742,309
Deposits 5,716,202 5,488,798
Shareholders' equity 874,078 843,097
*T

-0-
*T
Selected Financial Data
of Affiliate Banks UMB Financial Corporation
----------------------------------------------------------------------
(all dollars in thousands) December 31, 2007
(unaudited)
Loans
Net of
Total Unearned Total Shareholders'
Missouri Assets Interest Deposits Equity
----------------------------------------------------------------------
UMB Bank, n.a. $8,122,867 $3,171,357 $5,652,599 $581,985

Colorado
----------------------------------------------------------------------
UMB Bank Colorado,
n. a. 810,726 486,372 583,223 137,488

Kansas
----------------------------------------------------------------------
UMB National Bank
of America 685,729 219,568 387,074 66,233

Arizona
----------------------------------------------------------------------
UMB Bank Arizona,
n. a. 45,810 43,949 9,752 8,813

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
*T

UMB Financial Corporation
Mandie Nelson, 816-860-5088
or
Investor Relations:
Begonya Klumb, 816-860-7906

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