| EXHIBIT 11 TO FORM 10-K UMB FINANCIAL CORPORATION Computation of Earnings Per Share |
| 2000 | 1999 | 1998 |
BASIC EARNINGS PER SHARE Net income divided by | $65,111,000 | $64,077,000 | $54,214,000 |
| Weighted average shares outstanding | 21,270,136 | 21,793,064 | 20,439,975 |
| Basic earnings per share | $3.06 | $2.94 | $2.66 |
DILUTED EARNINGS PER SHARE Net income divided by | $65,111,000 | $64,077,000 | $54,214,000 |
| Weighted average shares outstanding | 21,283,313 | 21,822,897 | 20,424,355 |
| Basic earnings per share | $3.06 | $2.94 | $2.65 |
