UPDATE 1-UMB Financial Q2 profit beats Street view

* Q2 EPS $0.57 vs est $0.46

* Net interest income up 4.7 pct

* Provision for loan losses up 28.5 pct

July 28 (Reuters) - UMB Financial Corp (UMBF.O) posted better-than-expected quarterly profit, helped mainly by higher income from processing trust-preferred and other securities.

For the second quarter, net income rose to $23 million, or 57 cents a share, from $19 million, or 47 cents a share, a year ago.

Analysts on average had expected earnings of 46 cents a share, excluding items, according to Thomson Reuters I/B/E/S.

Non-interest income rose 15 percent to $89.1 million, driven by higher trust and securities processing income.

Provision for loan losses, however, rose nearly 29 percent to $8.1 million.

Bad loans rose to $23.1 million at June 30, from $14.1 million last year. As a percentage of loans, bad loans were 0.52 percent, well below the industry median of 4.14 percent as at March 31, the company said.

Shares of the company closed at $38.69 Tuesday on Nasdaq. (Reporting by Rachel Chitra in Bangalore; Editing by Gopakumar Warrier)