![]() Annual Meeting of Shareholders – April 2014 UMB Financial Quality endures. Exhibit 99.2 |
![]() This presentation contains, and our other communications may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the fact that they do not relate strictly to historical or current facts. All forward-looking statements are subject to assumptions, risks, and uncertainties, which may change over time and many of which are beyond our control. You should not rely on any forward-looking statement as a prediction or guarantee about the future. Our actual future objectives, strategies, plans, prospects, performance, condition, or results may differ materially from those set forth in any forward-looking statement. Some of the factors that may cause actual results or other future events, circumstances, or aspirations to differ from those in forward-looking statements are described in our Annual Report on Form 10-K for the year ended December 31, 2013, our subsequent Quarterly Reports on Form 10-Q or Current Reports on Form 8-K, or other applicable documents that are filed or furnished with the Securities and Exchange Commission (SEC). Any forward-looking statement made by us or on our behalf speaks only as of the date that it was made. We do not undertake to update any forward-looking statement to reflect the impact of events, circumstances, or results that arise after the date that the statement was made. You, however, should consult further disclosures (including disclosures of a forward-looking nature) that we may make in any subsequent Quarterly Report on Form 10-Q, Current Report on Form 8-K, or other applicable document that is filed or furnished with the SEC. Cautionary Notice about Forward-Looking Statements 2 |
![]() Agenda More than 100 2013 Performance & Highlights 1 st Quarter 2014 Financials Business Segment Updates Questions & Answers |
![]() • On our anniversary, April 18, associates all over our footprint joined together to celebrate 100 years of growth and progress |
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![]() • On our anniversary, April 18, associates all over our footprint joined together to celebrate 100 years of growth and progress • We celebrated our 100 th anniversary by ringing the opening bell on the NASDAQ on April 25 |
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![]() • On our anniversary, April 18, associates all over our footprint joined together to celebrate 100 years of growth and progress • We celebrated our 100 th anniversary by ringing the opening bell on the NASDAQ on April 25 • Associates volunteered more than 35,000 hours |
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![]() Total Shareholder Return November 30, 1978 – March 31, 2014 Reinvesting all cash dividends Compound Annual Growth Rate 13.8% 10 |
![]() Total Shareholder Return Compared to the S&P 500 November 30, 1978 – March 31, 2014 Reinvesting all cash dividends 11 $5,840 $9110 |
![]() 100 years from now, doing the right thing will still be the right thing to do. |
![]() R. Crosby Kemper, Jr. February 22, 1927- January 2, 2014 |
![]() UMB Today – Quality Endures > than 100 years of banking experience based on Meeting the needs of our customers Building relationships Doing what’s right Quality Performance From December 2007 through December 2013: • Average Net Loans +59% • Average Deposits +109% • Average Shareholder Equity +53% • Growth in Annual Revenue: 2007 – 2013 +58% 14 |
![]() UMB - A Growth Company Revenues from fee businesses– % of total >59.6% >59.6% Acquisitions in the past 10 years 23 23 Growth in annual revenue 2007 – 2013 58% 58% 15 |
![]() -6.2% -6.0% -6.0% -5.2% -1.7% -1.3% 0.7% 0.7% 0.8% 1.1% 1.6% 4.2% 4.3% 4.4% 6.8% 9.0% …with Steady EPS Growth 10-Year Diluted Annual Earnings Per Share 2003 – 2013 CAGR UMBF vs. Traditional Peers *Bank industry defined as all publicly traded banks per SNL Financial; CYN Industry Median * ONB BOH BXS FMER CFR TRMK BOKF CBSH HBHC COBZ WBS TCB FMBI 16 |
![]() …and Growing Dividends Annual Dividends Per Share Declared 17 |
![]() Agenda More than 100 2013 Performance & Highlights 1 st Quarter 2014 Financials Business Segment Updates Questions & Answers |
![]() Record net income. $134M Consecutive quarter of loan growth. Net loans at December 31, 2013 were $6.4 billion, a 14.8 percent increase compared to net loans at December 31, 2012. 15th Increase in total deposits to $13.6 billion. Year-end 2012 to year-end 2013 17.1% 19 |
![]() Increase in Scout assets under management to $31.2 billion. Year-end 2012 to year-end 2013 32.8% Increase in UMB Fund Services assets under administration. Combined year-end AUA $191 billion 23% Increase in HSA and FSA accounts. Year-end 2012 to year-end 2013 32.7% 20 |
![]() + + + High Quality Credit Diverse Revenue Streams Low-cost Funding Strong Balance Sheet A Different Kind of Business Model |
![]() 0.0 1.0 2.0 3.0 4.0 5.0 6.0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Traditional Peer Median UMBF Our Credit Quality Outpaces the Industry Data Source: SNL Financial Midwest Bank Peers as defined by Raymond James & Associates. 4Q 13 NPLs = 0.47% Shaded area is high/low range of the peer group Non-Performing Loans % of average loans 22 |
![]() Today: More Fee Revenue than Our Peers % of Total Revenue from Fees 2013 • More stable earnings • Greater growth opportunities Industry Median source: SNL Financial ~3X vs. Industry 23 |
![]() Balance Sheet – Strong with Growth Potential Tier 1 Capital Ratio vs. Industry 2013 Average Equity 5 yr CAGR 7.5% Industry Median =publicly-traded banks; Source: SNL Financial 24 |
![]() 53.3% 26.1% 4.4% 6.5% 1.0% 8.7% Commercial Consumer Asset Servicing Private Wealth Management Healthcare Inst. Banking & Investor Services Small Business Inst. Asset Management Strong Balance Sheet Commercial Real Estate Commercial & Industrial Consumer Real Estate Credit Card Home Equity Consumer As of December 31, 2013 Quality Loan Composition Diverse Deposit Sources 25 35.1% 24.3% 17.8% 7.2% 6.6% 4.5% 4.3% 0.2% |
![]() Agenda 2013 Performance & Highlights 1st Quarter 2014 Financials Business Segment Updates Questions & Answers More than 100 |
![]() First Quarter 2014 All comparisons are first quarter 2014 vs. first quarter 2013 unless otherwise noted • Average loans for the first quarter increased 14.9 percent to $6.7 billion • Net loans on March 31, 2014 increased 12.5 percent year-over-year and 14.8 percent linked quarter annualized • Average total deposits for quarter increased 12.8 percent to $13.1 billion • Nonperforming loans decreased to 0.45 percent of loans • Noninterest income increased 1.6 percent to $123.0 million • Total company assets under management increased by 23.1 percent to $43.1 billion • Tier 1 capital ratio remains strong at 13.35 percent UMB Reports 1st Quarter 2014 Earnings of $23.4 million or $0.52 per Diluted Share Selected first quarter financial highlights: 27 |
![]() Agenda 2013 Performance & Highlights 1 st Quarter 2014 Financials Business Segment Updates Questions & Answers More than 100 |
![]() Bank Consumer Banking Commercial Banking Private Wealth Management Assets Under Management $ billions 1Q14 Commercial Loans +12.3% vs. 1Q13 Digital Genius program launched in 2013 with 180 “geniuses.” 3,000 appointments to-date #1 Kansas City market share leader in deposits for three consecutive years. 29 Private Wealth & Institutional Asset Mgmt (including brokerage) Prairie Capital Mgmt |
![]() Institutional Investment Management Assets Under Management ($billions) $6.9 Top 10% Total Net Fund Flows Scout ranked 48 th of 787 companies in total Net Fund Flows in 2013. Source: Strategic Insight Simfund Congratulations to our veteran international team on celebrating 20 years of seasoned insights and consistent returns in the Scout International Fund! Growing Profit Margins Institutional Investment Management Pre-tax profit margins: 2011 22.1% 2012 29.1% 2010 18.0% 2013 30.1% 30 $32.2 |
![]() Payment Solutions 5 Year CAGR 16.2% Annual Card Purchase Volume $billions Health Savings Account Deposits & Assets $Millions Healthcare Services +315% since year-end 2009 4.2M HSA and FSA accounts at year-end 2013 had increased 223% from 1.3 million in 2009 Healthcare Retail Debit Commercial Credit Retail Credit Private Label Credit Other $3.46B $6.79B 31 43.6% 21.5% 18.6% 11.8% 2.0% 2.6% 27.1% 35.9% 19.1% 11.1% 3.5% 3.2% $190.7M $808M |
![]() Asset Servicing #1 Fund Administrator UMBFS named “Best North American Hedge Fund Administrator” by Hedgeweek and “Best Fund Administrator: Fund of Funds” by Acquisition International Top Ten Named a “Best Place To Work” four years straight by the Milwaukee Journal Sentinel Assets Under Administration $billions 32 |
![]() Associate Spirit – People Drive Performance |
![]() 34 American Customer Satisfaction Index • Source non-UMB ACSI scores: www.theacsi.org; • Source for UMB scores: Average of three questions, converted to 100 point scale 1. How satisfied would you say you are with UMB? 2. To what extent has UMB exceeded or fallen short of your expectations? 3. Now, I want you to imagine an ideal bank. How well do you think UMB compares with that ideal bank? UMB continues to perform well against the banking industry * UMB customer groups surveyed: Retail, Small Business, Commercial and High Net Worth ** “Big’ Banks in this survey included Bank of America, Wells Fargo, Citibank and J.P. Morgan Chase |
![]() Total Returns Reflect Earnings Performance Total Shareholder Return April 2004 – April 2014 Source: SNL Financial 35 |
![]() There’s an App for That… UMB Investor Relations App – Available for iPad and Android tablets! Access our Annual Report, Investor Presentations, SEC Filings, Financial Insight and other related information. Search “UMB” in the App Store or Google Marketplace 36 |
![]() Agenda 2013 Performance & Highlights 1 st Quarter 2014 Financials Business Segment Updates Questions & Answers More than 100 |
![]() Quality endures. UMB Financial Annual Meeting of Shareholders – April 2014 |