Slide 1: UMB Financial May 19, 2016
UMB Financial May 19, 2016 Exhibit 99.1
Slide 2: Cautionary Notice about Forward-Looking Statements
Cautionary Notice about Forward-Looking Statements 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 stric
Slide 3: Mariner Kemper, Chairman, President & CEO
Mariner Kemper, Chairman, President & CEO Mariner Kemper is chairman, president and chief executive officer for UMB Financial Corporation. He has been with the company for more than 20 years and has served many roles including president of UMB Bank Colorado, n.a. and executive vice president of UMB
Slide 4: Total Shareholder Return
Total Shareholder Return +187.6% +141.9% -0.44% UMBF S&P 500 SNL U.S. Bank Index Year-End 2003 – May 2016 Platform for Growth “Safe Haven” Industry Recovery Refocused UMB May-16 Total return chart source: SNL Financial
Slide 5: Building the Platform for Growth
Building the Platform for Growth 2004 2005 2006 2007 2008 May-16 First HSA Partnership Aug ʹ05 Acquired Pulaski Bank KC location Oct ʹ05 First banking center in Arizona Nov ʹ05 Designated SBA Express Lender Status Dec ʹ05 Branch acquisition Feb ʹ06 Two-for-one stock split Apr ʹ06 Acquired two credit
Slide 6: Financial Crisis – Safe Haven
Financial Crisis – “Safe Haven” 2009 2010 2011 May-16 Acquired $3.6MM HSA / MSA book Jan ‘09 May ‘09 Acquired JD Clark $18.5B AUA Dec ‘10 Acquired Reams $9.8B AUM Aug ‘09 – Mar ‘10 Acquired 3 credit card portfolios $23MM in balances Scout acquires 2 Frontegra Funds Jan ‘11 New CIO Feb‘10 Fund Servic
Slide 7: Industry Recovery
Industry Recovery 2012 2013 2014 May-16 Fund Services service FPA Funds May ‘12 Secondary Stock offering Sept ‘13 Scout launches UCITS –‘14 UMBF SNL US Bank Index S&P 500 2012-2014 UMB ranked number 1 SBA Lender in KC Dec ‘12 Apr ‘13 Celebrated 100th Anniversary UMB named in Sandler O’neill’s “Bank
Slide 8: Refocused UMB
Refocused UMB May-16 Taking Action Reorganized and flattened reporting structure, specifically within the Bank Identified $32.9 million in company-wide cost savings as part of efficiency initiative Analyzing performance metric gaps between UMB and peers July – October ’15 Implemented efficiency init
Slide 9: Net Interest Margin vs. Peers
Net Interest Margin vs. Peers Quarterly data presented using the SNL Definition of NIM: Net interest income, on a fully taxable-equivalent basis if available, as a percent of average earning assets. If average earning assets is not available, average financial assets may be used. See "Peer Group Com
Slide 10: Profitability Metrics
Profitability Metrics Quarterly data from SNL Financial, presented using the SNL Definitions and Calculations: ROAE or Return on average equity = net income as a percent of average equity; ROAA or Return on average assets; net income as a percent of average assets. See "Peer Group Companies" on slid
Slide 11: Profitability Metrics
Profitability Metrics NIM/Total Assets Fee Income/Total Assets Expense/Total Assets Revenue/FTE UMBF Peer Median Performance metrics for UMBF and peer group are annualized actuals as of Q1 2016 and Q1 2015. Q1 2015 UMB results do not include the impact of Marquette acquisition. UMBF data based on GA
Slide 12: Closing the Gaps
Closing the Gaps Delivering on Initiatives Progress as promised on identified expense savings 2015 organizational changes are improving communication and accountability Focus on Ongoing Efficiency Culture shift: embracing change in the organization Decision-making process begins with return analysis
Slide 13: Moving Forward Total Shareholder Return
Moving Forward Total Shareholder Return YTD 2016 YE 2015 results 1Q’ 16 results UMBF S&P 500 SNL U.S. Bank Index May-16 Total return chart source: SNL Financial
Slide 14: Bank Segment
Bank Segment
Slide 15: Mike Hagedorn, President & CEO, UMB Bank, n.a.
Mike Hagedorn, President & CEO, UMB Bank, n.a. Michael (Mike) Hagedorn joined UMB in 2005 and currently serves as president and chief executive officer of UMB Bank, n.a., and vice chairman and interim chief financial officer of UMB Financial Corporation. Prior to this role, Mike served as chief fina
Slide 16: Bank Segment – Lines of Business
Bank Segment – Lines of Business Commercial Banking Institutional Banking Personal Banking Healthcare Services Consumer Services UMB Financial Services, Inc. Private Banking Personal Trust & Investments UMB Insurance Prairie Capital Management Investor Solutions Corporate Trust Investment Banking Pu
Slide 17: UMB Bank Accolades
UMB Bank Accolades KC market share leader in deposits 5 years in a row (Source: FDIC 2015 Market Share Report, as of 12/31/15) U.S. banks for farm lending (Source: ABA, as of September 31, 2015) #33 #1 For ACH and Wire originations in the 10th Federal Reserve District (Source: NACHA) #1 Top 10 Healt
Slide 18: Diversity
Diversity
Slide 19: Diverse Revenue
Diverse Revenue Total UMBFC Revenue $ in millions Bank Segment Revenue $ in millions Bank only Industry Median 1Q’16: 17.9% fee income to total revenue
Slide 20: Diverse Revenue Allows for Reliable Credit Quality
Diverse Revenue Allows for Reliable Credit Quality Net Charge-Offs $ in thousands Nonperforming Loans $ in thousands Revenue from diverse sources provides flexibility; No need to compromise quality
Slide 21: Line of Business Detail
Line of Business Detail Net Interest Income Noninterest Income Noninterest Expense 1Q 2016 1Q 2015 Personal Banking Commercial & Business Banking Institutional Banking Healthcare Services Treasury & Other (1) 1Q 2015 net interest income chart excludes ($937k) in “Treasury & Other”. (2) Includes Prai
Slide 22: Diverse Sources of Net Income
Diverse Sources of Net Income Net Income Before Tax Personal Banking Commercial & Business Banking Institutional Banking Healthcare Services Treasury & Other (1) Includes Prairie Capital Management income and expense. (1)
Slide 23: Geographically Diverse Loan Distribution
Geographically Diverse Loan Distribution as of March 31, 2016 (1) Percentages less than 5% have been omitted. (1) Source: FDIC Summary of Deposits Report, June 30, 2015
Slide 24: Growth
Growth
Slide 25: Acquisition of Marquette Financial Companies
Acquisition of Marquette Financial Companies Consideration Cost Savings Pricing Transaction Costs Approximately $182.5 million (1) 1.6x MFC TBV (1) (3) Approximately $14 million $23 million $179.7 million (1) 1.5x MFC TBV (2) (3) Approximately $15.9 million Approximately $20.2 million Estimated at A
Slide 26: Balance Sheet Growth - Loans
Balance Sheet Growth - Loans Average Total Loans 10-year CAGR 10.4% (10 yrs ended 12/31/15) 1Q’16 +27.8% YoY +15.2% LQA (1) On May 31, 2015, we closed the acquisition of Marquette Financial Companies and loans with an acquired value of $980.4 million were added to the UMB portfolio. At March 31, 201
Slide 27: Balance Sheet Growth – Total Earning Assets
Balance Sheet Growth – Total Earning Assets Average Earning Assets Average Earning Assets Average Asset Yield
Slide 28: Balance Sheet Growth – Deposits
Balance Sheet Growth – Deposits Average Total Deposits 1Q’16 +16.4% YoY Average Deposits Cost of Funds (1) Interest expense on liabilities as a percent of average noninterest-bearing deposits and interest-bearing liabilities. (1)
Slide 29: Healthcare Services – Growing Deposit Source
Healthcare Services – Growing Deposit Source Healthcare Deposits and Assets $ in millions Healthcare provided 9.0% of average deposits in 1Q’16
Slide 30: Institutional Banking – Growing Products
Institutional Banking – Growing Products FDIC Sweep Program $ in billions 5-year CAGR 33.6%
Slide 31: Card Products – Growing Revenue Source
Card Products – Growing Revenue Source Credit & Debit Cards Purchase Volume & Interchange Trends $2.7B $1.6B $1.8B $2.1B $2.3B Commercial Credit Consumer Credit Consumer Debit Healthcare Debit Investor Solutions Debit Interchange ($ in millions)
Slide 32: Efficiency
Efficiency
Slide 33: Efficiency & Expense Management
Efficiency & Expense Management Management Structure Changes 2014 – Bank CEO position established Centralized reporting structure and accountability 2015 – Flattened organization to improve communication and better serve customers 2015 Efficiency Initiatives Identified $32.9 million in company-wide
Slide 34: Bank Efficiency Ratio Trend
Bank Efficiency Ratio Trend UMB Bank n.a Efficiency Ratio
Slide 35: Conclusion Key Takeaways
Conclusion Key Takeaways Loan growth – proven track record of growth while maintaining underwriting standards and industry-leading credit quality Acquisitions – seeking opportunities to build scale in existing and new markets Top-notch bank leadership – experienced team to grow our diverse businesse
Slide 36: Bank Segment Leaders
Bank Segment Leaders
Slide 37: Credit Review
Credit Review
Slide 38: Tom Terry, EVP, Chief Lending Officer
Tom Terry, EVP, Chief Lending Officer Thomas (Tom) Terry joined UMB in 1986. As executive vice president and chief lending officer, Tom is responsible for company-wide commercial and consumer credit underwriting and the credit quality of UMB’s loan portfolio through loan administration. He has more
Slide 39: Loan Composition
$5.1B $6.0B $6.8B $7.5B $9.7B Loan Composition Diverse Loan Book Actual Loan Balances at March 31 (1) Commercial Credit Card Commercial & Industrial (2) HELOC Residential Real Estate Real Estate Construction Commercial Real Estate Consumer Credit Card Consumer Other Factoring Loans Asset-Based Loans
Slide 40: Commercial Real Estate Portfolio
$1,444.2 $1,528.1 $1,896.8 $2,199.3 $3,264.7 Commercial Real Estate Portfolio CRE & Construction Lending $ in millions (1) Percentages less than 5% have been omitted. (1) Investment CRE Owner Occ. CRE Construction Farmland Multi-Family CRE Residential Construction
Slide 41: Loan Utilization
Loan Utilization – at March 31, 2016 Outstanding Outstanding Outstanding Unfunded Unfunded Unfunded
Slide 42: Net Charge-Off History
Net Charge-Off History (1) Commercial includes Commercial & Industrial, Commercial Credit Card, Commercial Real Estate, Real Estate Construction, Asset-Based, and factoring loans. (2) Other includes Consumer, Residential Real Estate, HELOC, and DDA charge-offs.
Slide 43: Oil & Gas Lending
Oil & Gas Lending - at March 31, 2016 Service Midstream Upstream Downstream UMB Total Loans $9.7 billion Outstanding Oil & Gas Loans $318.2 million Portfolio Statistics Total Oil & Gas Commitments $545.0 million Total Outstanding $318.2 million Unfunded $226.8 million Shared Credits included in outs
Slide 44: Commercial Banking
Commercial Banking
Slide 45: Craig Anderson, President, Commercial Banking
Craig Anderson, President, Commercial Banking Craig Anderson joined UMB Bank in 1986 and is president of Commercial Banking. He is responsible for commercial banking, business banking and treasury management across the UMB footprint. Craig earned a Bachelor of Arts in business administration from So
Slide 46: Commercial Banking Loans by Region
Commercial Banking Loans by Region Colorado Kansas City Kansas Greater MO St. Louis Arizona Texas Oklahoma Nebraska 5-year CAGR 16.9% March 31, 2012 $4.1 billion March 31, 2016 $7.9 billion Excludes the two national lending businesses, asset-Based Lending and Factoring.
Slide 47: Commercial Lending – Selected Highlights
$539.5 $240.4 $284.0 $333.1 $402.9 Commercial Lending – Selected Highlights (1) 1Q’16 includes $129.9 million of CRE and construction loans also included in the CRE & Construction Lending chart above. Business Banking Lending average balances, $ in millions (1) Agribusiness Lending $ in millions
Slide 48: Growth in Revenue Bond Private Placements
Growth in Revenue Bond Private Placements $96.9 $129.5 $219.7 $346.9 $804.7 5-year CAGR 63.8% Education Healthcare Public Administration Other (1) Securities Held to Maturity $ in millions (1) Includes categories such as construction, arts, entertainment and recreation, agriculture, waste management
Slide 49: Specialty Commercial Financing Businesses
Specialty Commercial Financing Businesses Working capital facilities to companies with $2 - $300 million in revenue Receivable lines assessed on several criteria Financial strength of client’s customer base Monthly dollar volume of purchases Average A/R turn Average receivable size Other risks assoc
Slide 50: Commercial & Business Banking – Our People
Commercial & Business Banking – Our People Average Tenure Commercial Banker - 8.4 Years Loan Committee Members - 18.8 Years Extensive Recruitment Process Each candidate vetted by at least 6 commercial leaders to ensure culture fit We look for: Experienced, well-rounded C&I Bankers to develop full ba
Slide 51: Personal Banking
Personal Banking
Slide 52: Dana Abraham, President, Personal Banking
Dana Abraham, President, Personal Banking Dana Abraham joined UMB in 2005. As President of the Personal Banking Division for UMB Bank, she is responsible for the development and strategic execution of Personal Banking initiatives. Dana leverages her breadth of industry experience to drive the servic
Slide 53: Personal Banking
Personal Banking Private Banking Personal banking for the high net worth and ultra high net worth client Personal Financial Review & Planning Cash Management Needs Custom Credit Solutions Mortgage Lines of Credit Construction Lending Unsecured Credit Loans secured by Marketable Securities 360Direct
Slide 54: Personal Banking: By the Numbers
Personal Banking: By the Numbers 5-Year CAGRs Private Banking 34.5% Consumer Services 2.8% Total Personal Banking 9.1% $1,013.8 $1,206.7 $1,105.5 $1,496.3 $1,191.3 Personal Banking Loans $ in millions
Slide 55: Personal Banking: By the Numbers
Personal Banking: By the Numbers Personal Banking Deposits $ in millions $4,794.5 $4,718.2 $4,796.1 $5,241.0 $4,581.3 1Q’02 161 branches
Slide 56: Personal Banking: By the Numbers
Personal Banking: By the Numbers Personal Banking Assets Under Management $ in millions Assets Under Administration $24.0 billion $8.8B $11.6B $10.2B $12.7B $12.8B
Slide 57: Personal Banking – 2016 Strategic Initiatives
Personal Banking – 2016 Strategic Initiatives Develop, retain, & attract a top performing team Grow the business through client acquisition Refine the Strategic Relationship Management process for Private Wealth Management (Your Story. Our Focus.™) Define and execute upon the deployment of Consumer
Slide 58: Institutional Banking
Institutional Banking
Slide 59: Jim Cornelius – President, Institutional Banking
Jim Cornelius – President, Institutional Banking James (Jim) Cornelius is president of Institutional Banking, a newly-formed division which incorporates investor solutions, public finance, investment banking, corporate trust, distressed debt and the FDIC sweep program. He initially joined UMB in 201
Slide 60: Institutional Banking - Business Description
Institutional Banking - Business Description Provides banking solutions to 6 of top 10 clearing Broker-Dealer’s and 6 of top 10 independent Broker-Dealer’s Provides services to more than 25MM investor accounts and is the 2nd largest provider in U.S. Continue to partner with Product & Services to enh
Slide 61: Institutional Banking - Distribution Synergies
Institutional Banking - Distribution Synergies Investment Banking Division Bond sales to client Public Finance Co-manage underwritings FDIC Sweep New program opportunity Distressed Debt Potential workout services for defaulted bond issue Investor Solutions Current client Corporate Trust Sole holder
Slide 62: Institutional Banking - Financial Snapshot
Institutional Banking - Financial Snapshot Total Revenue Pre-Tax Profit Margin Revenue and Margin Trends
Slide 63: Healthcare Services
Healthcare Services
Slide 64: Begonya Klumb, CEO, UMB Healthcare Services
Begonya Klumb, CEO, UMB Healthcare Services Begonya Klumb is the CEO of UMB Healthcare Services and manages all aspects of the business with more than $1.6 billion in assets and deposits, more than 826,000 health saving accounts, more than 4.3 million multi-purpose benefit cards and other innovative
Slide 65: Who is UMB Healthcare Services
Who is UMB Healthcare Services HCS by the numbers: $1.6B HSA Deposits & Assets 826K HSA Accounts 5.1M Healthcare Spending Cards $5.5B Annual Purchase Volume All numbers as of 3/31/16. Purchase Volume is last twelve months ended 3/31/16. Industry Leader Top 10 HSAs provider Early entrant, leader sinc
Slide 66: Timeline
Timeline Millions TM 1996 MSAs Introduced 2004 HSAs became effective 2005 UMB issues Multipurse Healthcare Card 2007 IIAS Capability Added 1997 UMB Offers MSAs 2005 UMB offers investment options 2008-2010 Acquired 3 HSA portfolios 2015 HSA Saver Launched
Slide 67: Our Business Model: Multi-channel strategy
Our Business Model: Multi-channel strategy delivering core banking functionality UMB offers a modular and configurable platform of applications and services that deliver the underlying core banking functionality to our healthcare partners Broker/Employer TPAs Health Plans Technology Firms Payment Ag
Slide 68: Supporting UMBF Strategy – Quality
Supporting UMBF Strategy – Quality All numbers as of 3/31/16. Industry defined as all publicly-traded banks with data available from SNL Financial. HCS core, low cost, deposits have become a more significant and stable part of UMB funding. Healthcare Deposits as % of UMBFC Averages
Slide 69: Supporting UMBF Strategy – Diversity
Supporting UMBF Strategy – Diversity HCS has diverse sources of revenue including account fees, spread income, and interchange. Noninterest Income Net Interest Income
Slide 70: Supporting UMBF Strategy – Growth
Supporting UMBF Strategy – Growth 37% HSA Deposit & Asset Growth 37% HSA Account Growth 20% Healthcare Spending Card Growth 19% Purchase Volume Growth HCS has attractive growth trends with significant potential as structural changes in the Healthcare sector continue. Represents growth rates from Mar
Slide 71: Supporting UMBF Strategy – Growth
Supporting UMBF Strategy – Growth Industry information taken from Devenir 2015 Year-End HSA Market Statistics & Trends report. HCS represents a unique asset as one of the top 10 leaders in a high growth, niche market. Growth Rates – Deposits and Assets
Slide 72: Conclusion
Conclusion By being an early entrant in the HSA market, UMB has established the reputation, market share and technology platform to maintain a position of strength in a high growth, niche market. HCS differentiates through a multi-channel strategy with core banking functionality. HCS is a source of
Slide 73: UMB Fund Services
UMB Fund Services
Slide 74: Tony Fischer – President, UMB Fund Services
Tony Fischer – President, UMB Fund Services Anthony (Tony) Fischer serves as president of UMB Fund Services, a strategic business segment of UMB Financial Corporation that provides an array of back-office services for mutual funds and alternative investments—as well as solutions to help clients laun
Slide 75: UMB Fund Services – Overview
UMB Fund Services – Overview We provide back-office services for mutual funds, hedge funds and other pooled investments Approximately 460 associates 200+ clients / fund families $181 billion in assets under administration at March 31, 2016 Four office locations Services for mutual funds and other re
Slide 76: UMB Fund Services – Highlights
UMB Fund Services – Highlights Best Administrator – Liquid Alternatives - 2014 and 2015 HFM Awards presented by HFMWeek Best North American Hedge Fund Administrator - 2014 Hedgeweek Global Awards Named a Top Workplace in SE Wisconsin for the 7th straight year by the Milwaukee Journal Sentinel Top Tr
Slide 77: UMB Fund Services – Business Strategy
UMB Fund Services – Business Strategy Focused Strategy Concentrates on serving specific market segments with differentiating products and services. Market focus: Offerings: Target client: Pricing: Start-up to middle market – $0 to $10 billion AUM Broad array of products and services Professional inv
Slide 78: Competing U.S. Bank-Affiliated Fund Administrators
Competing U.S. Bank-Affiliated Fund Administrators Bank Name Bank Assets ($B) Fund AUA ($B) Citibank 1,829 2,900 US Bancorp 419 923 BNY Mellon 395 3,600 State Street Bank 295 10,200 Northern Trust 120 1,100 UMB Financial Corporation 19 181 As of March 31, 2016
Slide 79: Competitive Advantages of Our Affiliation
Competitive Advantages of Our Affiliation Advantages for UMB Fund Services Advantages for UMB Financial Corporation Strength and stability of a well-run and well-capitalized parent One-stop shopping for clients, virtually all of whom need a variety of banking services – DDAs, qualified bank custodia
Slide 80: UMB Fund Services – Strategic Priorities
UMB Fund Services – Strategic Priorities Strategy 1: Achieve Improved Operating Leverage and Improve Efficiency Ratio Slow the rate of expense growth through process improvement Increase capacity, establish a strong platform for continued growth – UMBFS Growth Project Eliminate redundancy Selectivel
Slide 81: UMB Fund Services – Strategic Priorities
UMB Fund Services – Strategic Priorities Strategy 3: Focus on High-Growth Market Segments Leverage existing capabilities to increase market share in: Exchange-traded funds Private equity funds Liquid alternative funds Exchange-Traded Funds Most popular fund type currently Assets at $2.1 trillion in
Slide 82: Scout Investments
Scout Investments
Slide 83: Andy Iseman – CEO, Scout Investments
Andy Iseman – CEO, Scout Investments Andrew (Andy) Iseman is chief executive officer for Scout Investments, providing strategic direction and day-to-day management of the firm and leading the firm’s executive committee. In this role, Andy has developed Scout Investments’ multi-year growth strategy,
Slide 84: Scout Investments Equity Investing
Scout Investments Equity Investing: Our investment teams employ distinct investment philosophies and processes in an effort to achieve long term capital appreciation objectives. Quality Company Bias Thoughtful Risk Consideration Active Approach Scout manages $27.3* billion in equity and fixed income
Slide 85: Scout Investments Fixed Income Investing
Scout Investments Scout manages $27.3* billion in equity and fixed income assets available for investment via separate accounts, commingled funds and mutual funds. Fixed Income Investing: Reams Asset Management, Scout’s fixed income division, believes volatility is a key performance driver in the ma
Slide 86: Scout Strategy Assets
Scout Strategy Assets Source: Scout Investments. Other fixed income includes assets managed in specific non-market strategies requested by clients including, real return and global aggregate bond. Other equity includes assets managed in the global equity, emerging markets equity and equity opportuni
Slide 87: AUM Drivers
AUM Drivers (as of March 31, 2016) $ in millions ($2,027.5) ($567.7) Total Change ($millions) $28,012.2 $30,039.7 Total AUM ($millions) ($570.7) $30,607.4 ($830.9) $27,181.3 $109.9 $27,291.2 Asset Flow Update Source: Scout Investments. 1Q’16 4Q’15 3Q’15 2Q’15 1Q’14
Slide 88: Distribution Strategy
Distribution Strategy Institutional: Targeted effort on consultants and select plan sponsors; supported by a dedicated client service team. Intermediary: Priority focus on RIAs, bank trust departments, family offices, independent broker-dealers. Sub-advisory: Primary focus on servicing existing sub-
Slide 89: Scout Equity Funds Average Annual Total Returns
Scout Equity Funds Average Annual Total Returns (%) as of March 31, 2016 QTR 1 Year 3 Year 5 Year 10 Year Since Inception Exp. Ratio (%) (Gross / Net) Inception Date Scout International Fund (UMBWX)1 0.73 -7.55 0.33 1.44 3.38 7.69 1.02 / 1.02 9/14/1993 MSCI EAFE Index -3.01 -8.27 2.23 2.29 1.80 N/A†
Slide 90: Average Annual Total Returns
Average Annual Total Returns (%) as of March 31, 2016 QTR 1 Year 3 Year 5 Year 10 Year Since Inception Exp. Ratio (%) (Gross / Net) Inception Date Scout Low Duration Bond Fund (SCLDX)5 0.91 0.75 1.09 --- --- 1.55 1.03 / 0.40 8/29/2012 Barclays 1-3 Year U.S. Government/Credit Index 0.97 1.04 0.95 ---
Slide 91: Morningstar Ratings of Scout Funds
Fund Name Category Overall Rating Funds in Category Scout Small Cap Small Growth 658 Scout Core Bond – Institutional Class Intermediate-Term Bond 951 Scout Core Plus Bond – Institutional Class Intermediate-Term Bond 951 Scout Emerging Markets Diversified Emerging Markets 591 Scout Global Equity Worl
Slide 92: Important Disclosures
Important Disclosures The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current perfo
Slide 93: Scout Investments
Scout Investments Scout continues to be a viable business. Selectively offer actively managed strategies from distinct investment teams Deliver relative outperformance versus peers and benchmarks Continue to diversify asset base through targeted intermediary and institutional distribution channels S
Slide 94: Appendix
Appendix
Slide 95: Non-GAAP Reconciliation – MFC Acquisition
Non-GAAP Reconciliation – MFC Acquisition We provide information using the tangible book value (TBV) of Marquette Financial Companies (MFC). This information supplements the results that are reported according to generally accepted accounting principles (GAAP) and should not be viewed in isolation f
Slide 96: Non-GAAP Reconciliation – MFC Acquisition
Non-GAAP Reconciliation – MFC Acquisition Price to MFC Tangible Book Value at May 31, 2015 GAAP Total Shareholders’ Equity (1) $127,277 Deduct: Goodwill and Other Intangibles ($7,626) Tangible Book Value $119,651 Total Consideration (2) $179,737 Price to Tangible Book Value 150% Price to GAAP Total
Slide 97: Peer Group Companies
Peer Group Companies Company Ticker BOK Financial Corporation BOKF Boston Private Financial BPFH CoBiz Financial Inc. COBZ Commerce Bancshares, Inc. CBSH Cullen/Frost Bankers, Inc. CFR First Midwest Bancorp, Inc. FMBI FirstMerit Corporation* FMER Old National Bancorp ONB Prosperity Bancshares PB Sig
Slide 98: 1st Quarter 2016 Highlights
1st Quarter 2016 Highlights
Slide 99: Earnings Summary – 1Q 2016
Earnings Summary – 1Q 2016 $ in thousands, except share and per share data; unaudited
Slide 100: Net Operating Income Non-GAAP Reconciliation
Net operating income for the relevant period is defined as GAAP net income, adjusted to reflect the after-tax impact of excluding the following: (i) fair value adjustments to contingent consideration for the acquisitions of Prairie Capital Mgmt. and Reams Asset Mgmt. Co., (ii) expenses related to th
Slide 101: Operating Noninterest Expense & Efficiency Ratio Non-GAAP Reconciliation
Operating Noninterest Expense & Efficiency Ratio Non-GAAP Reconciliation Operating noninterest expense for the relevant period is defined as GAAP noninterest expense, adjusted to reflect the pre-tax impact of non-GAAP adjustments described in clauses i-iii on slide 5. Operating efficiency ratio is c
Slide 102: Select Balance Sheet Items
Select Balance Sheet Items $ in thousands, average balances; unaudited Three Months Ended
Slide 103: Key Performance Metrics
Key Performance Metrics (1) See slides 100 and 101 for additional disclosures related to these non-GAAP financial measures.
Slide 104: Update on Efficiency Initiative
Update on Efficiency Initiative (1) Excludes severance costs (2) Excludes Marquette-related synergies (3) Excludes Marquette-related severance expense The amounts in the 2015 and 2016 columns represent actual savings recognized or expected to be recognized, as applicable, in those years based on the
Slide 105: Noninterest Income – 1Q 2016
Noninterest Income – 1Q 2016 Noninterest income increased $3.8 million, or 3.3%, compared to 4Q’15, and decreased $8.9 million, or 7.1%, compared to 1Q’15 Equity losses on alternative investments were $381 thousand in 1Q’16, an increase of $4.8 million over 4Q’15 (linked quarter) Growing money marke
Slide 106: Noninterest Expense – 1Q 2016
Noninterest Expense – 1Q 2016 Noninterest expense decreased $1.3MM, or 0.7%, compared to 4Q’15, and increased $16.3MM or 9.9% compared to 1Q’15 Salaries and employee benefits expense increased $3.5MM, or 3.4% on a linked quarter basis, and increased $8.6MM or 8.7% year-over-year Ongoing Marquette sa
Slide 107: 1Q'16 Segment Financials
1Q’16 Segment Financials Bank Asset Servicing Institutional Investment Management
Slide 108: UMB Financial
UME More Defines Us UMB Financial May 19, 2016