UMB Financial Corporation Confirms Conference Call to Discuss Fourth Quarter and Year-end Earnings

Business Wire, Jan 22, 2008

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.