Umb financial corp (UMBF)
Income statement / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
INTEREST INCOME
Loans

637,845

559,351

461,301

386,274

308,325

245,278

229,665

217,391

219,076

221,797

215,305

241,727

Securities:
Taxable interest

106,053

83,333

73,125

73,560

75,327

76,204

75,202

81,013

85,120

-

-

110,379

Tax-exempt interest

90,064

74,411

73,419

57,516

43,598

39,209

40,399

38,224

33,079

-

-

25,380

Held to maturity-tax exempt interest

-

-

-

-

-

-

-

-

1,687

-

-

866

Held to maturity-taxable interest

-

-

-

-

-

-

-

-

-

-

-

0

Total securities income

196,117

157,744

146,544

131,076

118,925

115,413

115,601

119,237

119,886

119,906

135,850

136,625

Federal funds and resell agreements

13,843

4,808

3,700

2,708

697

259

193

121

102

159

263

7,799

Interest-bearing due from banks

12,882

7,910

3,871

2,341

2,356

2,525

1,918

1,789

3,284

3,914

4,078

441

Trading securities

2,205

2,148

1,496

632

378

396

964

1,147

1,305

731

721

1,381

Total interest income

862,892

731,961

616,912

523,031

430,681

363,871

348,341

339,685

343,653

346,507

356,217

387,973

INTEREST EXPENSE
Deposits

154,192

92,101

36,354

17,936

14,269

12,242

13,183

17,416

24,628

33,447

49,919

89,744

Federal funds and repurchase agreements

32,553

24,737

17,906

6,524

1,785

1,616

1,739

1,884

1,712

2,017

2,001

21,306

Other

-5,242

-4,677

-3,739

-3,248

-2,560

42

-150

329

340

430

1,312

1,872

Total interest expense

191,987

121,515

57,999

27,708

18,614

13,816

15,072

19,629

26,680

35,894

53,232

112,922

Net interest income

670,905

610,446

558,913

495,323

412,067

350,055

333,269

320,056

316,973

310,613

302,985

275,051

Provision for loan losses

32,850

70,750

41,000

32,500

15,500

17,000

17,500

17,500

22,200

31,510

32,100

17,850

Net interest income after provision for credit losses

638,055

539,696

517,913

462,823

396,567

333,055

315,769

302,556

294,773

279,103

270,885

257,201

NONINTEREST INCOME
Trust and securities processing

-

-

-

-

166,261

288,054

265,948

225,094

208,392

160,356

120,544

122,255

Trading and investment banking

23,466

15,584

23,183

21,422

20,218

19,398

20,641

30,359

27,720

29,211

26,587

19,636

Service charges on deposit accounts

-

-

-

-

86,460

85,299

84,133

78,694

74,659

77,617

83,392

85,064

Insurance fees and commissions

-

-

-

-

2,530

3,011

3,727

4,095

4,375

5,565

4,800

4,564

Gains on sales of securities available for sale, net

3,218

578

4,192

8,509

10,402

4,127

8,542

20,232

16,125

8,315

9,737

3,334

Brokerage fees

-

-

-

-

11,753

10,761

11,470

11,105

9,950

6,345

7,172

8,660

Bankcard fees

-

-

-

-

69,211

67,250

62,031

60,567

59,767

54,804

45,321

43,348

Gain on sale of securities transfer, net

-

-

-

-

-

-

-

-

-

-

-

1,090

Equity (losses) earnings on alternative investments

-

-

-

-

-12,188

3,975

19,048

422

3

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

8,875

Other

40,803

33,467

33,651

28,833

16,012

16,813

16,293

27,554

13,341

18,157

12,623

15,957

Total noninterest income

426,770

401,698

423,562

402,511

370,659

498,688

491,833

458,122

414,332

360,370

310,176

312,783

NONINTEREST EXPENSE
Salaries and employee benefits

461,445

419,091

413,830

390,059

367,606

358,569

339,691

319,852

294,756

267,213

240,819

227,938

Occupancy, net

47,771

45,239

44,462

44,255

43,274

40,197

39,291

37,927

38,406

36,251

34,760

32,472

Equipment

79,086

75,184

72,008

66,337

62,571

53,609

49,207

43,465

42,728

44,934

47,645

53,044

Supplies and services

18,699

16,103

17,173

18,535

17,988

20,411

20,387

21,045

22,166

18,841

20,237

24,221

Marketing and business development

26,257

24,372

21,469

21,208

21,996

24,148

22,703

24,604

20,150

18,348

15,446

19,431

Processing fees

52,198

46,977

42,331

36,005

36,149

56,049

57,791

51,191

49,985

45,502

35,465

32,742

Legal and consulting

31,504

29,859

23,406

20,801

26,186

20,407

18,703

17,980

15,601

14,046

10,254

8,214

Bankcard

17,750

17,514

19,471

20,757

20,288

19,594

18,381

18,154

15,600

16,714

14,251

11,537

Amortization of other intangible assets

5,500

5,800

7,300

8,695

8,171

12,193

13,218

14,775

16,100

11,142

6,169

3,105

Regulatory fees

11,489

12,695

15,527

14,178

12,125

10,445

9,129

9,447

10,395

13,448

15,675

2,735

Contingency reserve

-

-

-

-

-

20,272

-

-

-

-

-

-

Class action litigation settlement

-

-

-

-

-

-

-

-

7,800

-

-

-

Covered litigation provision

-

-

-

-

-

-

-

-

-

-

-

-4,023

Other

27,155

25,002

28,126

25,915

22,584

29,786

34,703

32,014

29,059

26,183

19,864

18,737

Total noninterest expense

778,860

717,800

705,129

666,745

638,938

665,680

623,204

590,454

562,746

512,622

460,585

430,153

(Loss) income before income taxes

285,965

223,594

236,346

198,589

128,288

166,063

184,398

170,224

146,359

126,851

120,476

139,831

Income tax (benefit) expense

42,365

27,334

53,370

44,955

31,730

45,408

50,433

47,507

39,887

35,849

30,992

41,756

Income from continuing operations

243,600

196,260

182,976

153,634

96,558

-

-

-

-

-

-

-

Discontinued Operations
(Loss) income from discontinued operations before taxes

-

-917

101,226

8,415

30,997

-

-

-

-

-

-

-

Income tax (benefit) expense

-

-170

37,097

3,248

11,482

-

-

-

-

-

-

-

(Loss) income from discontinued operations

-

-747

64,129

5,167

19,515

-

-

-

-

-

-

-

NET (LOSS) INCOME

243,600

195,513

247,105

158,801

116,073

120,655

133,965

122,717

106,472

91,002

89,484

98,075

PER SHARE DATA
Basic:
Income from continuing operations

4.99

3.98

3.72

3.15

2.05

-

-

-

-

-

-

-

(Loss) income from discontinued operations

-

-0.01

1.30

0.10

0.41

-

-

-

-

-

-

-

Net (loss) income – basic

4.99

3.97

5.02

3.25

2.46

2.69

3.25

3.07

2.66

2.27

2.22

2.41

Diluted:
Income from continuing operations

4.96

3.94

3.67

3.12

2.03

-

-

-

-

-

-

-

(Loss) income from discontinued operations

-

-0.01

1.29

0.10

0.41

-

-

-

-

-

-

-

Net (loss) income – diluted

4.96

3.93

4.96

3.22

2.44

2.65

3.20

3.04

2.64

2.26

2.20

2.38

Dividends

1.21

1.17

1.04

-

-

-

-

-

-

-

-

-

Weighted average shares outstanding – basic

48,779

49,334

49,223

48,828

47,126

44,844

41,275

40,034

40,034

40,071

40,324

40,739

Weighted average shares outstanding – diluted

49,089

49,770

49,839

49,277

47,579

45,445

41,838

40,433

-

-

-

-

Trust and Securities Processing [Member]
Noninterest income

176,913

172,163

176,646

166,315

-

-

-

-

-

-

-

-

Service Charges On Deposit Accounts [Member]
Noninterest income

82,748

84,287

87,680

86,662

-

-

-

-

-

-

-

-

Insurance Fees and Commissions [Member]
Noninterest income

1,634

1,292

1,972

4,188

-

-

-

-

-

-

-

-

Brokerage Fees [Member]
Noninterest income

31,261

25,807

23,208

17,833

-

-

-

-

-

-

-

-

Bankcard Fees [Member]
Noninterest income

66,727

68,520

73,030

68,749

-

-

-

-

-

-

-

-