<PAGE>
THIS FILING IS TO CORRECT THE AVERAGE SHARES OUTSTANDING APPEARING ON THE
STATEMENTS OF INCOME THE SIX MONTH NUMBER SHOULD HAVE READ 19,220,405.
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-Q
(MARK ONE)
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended June 30, 1996
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the transition period from ___________________ to ____________________
Commission file number 0-4887
UMB FINANCIAL CORPORATION
(Exact name of registrant as specified in its charter)
Missouri 43-0903811
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1010 Grand Avenue, Kansas City, Missouri 64106
(Address of principal executive offices and Zip Code)
(816) 860-7000
(Registrant's telephone number, including area code)
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
Yes X No
At June 30, 1996, UMB Financial Corporation had 18,786,517 shares of common
stock outstanding. This is the only class of stock of the Company.
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UMB FINANCIAL CORPORATION
CONSOLIDATED STATEMENTS OF INCOME
(unaudited in thousands)
<TABLE>
<CAPTION>
Three Months Six Months
INTEREST INCOME 1996 1995 1996 1995
<S> <C> <C> <C> <C>
Loans $53,632 $54,946 $109,065 $105,344
Securities:
Taxable interest 30,193 27,086 $61,421 $56,121
Tax-exempt interest 3,594 3,604 7,169 7,092
________________________________________________
Total securities income 33,787 30,690 68,590 63,213
Federal funds and resell agreements 3,338 2,329 $5,562 $7,010
Trading securities and other 1,066 897 2,025 1,869
________________________________________________
Total interest income 91,823 88,862 185,242 177,436
________________________________________________
INTEREST EXPENSE
Deposits 30,177 30,958 62,143 62,610
Federal funds and repurchase
agreements 9,921 7,334 $18,576 $15,179
Short-term debt 8 9 19 21
Long-term debt 1,048 907 2,102 1,824
________________________________________________
Total interest expense 41,154 39,208 82,840 79,634
________________________________________________
Net interest income 50,669 49,654 102,402 97,802
Provision for loan losses 1,828 925 6,655 1,851
________________________________________________
Net interest income after provision $48,841 $48,729 $95,747 $95,951
________________________________________________
NONINTEREST INCOME
Trust income 10,579 8,967 20,796 17,378
Securities processing 2,524 2,980 4,806 5,590
Trading and investment banking 3,412 2,766 $6,976 $5,517
Service charges on deposits 8,321 7,729 16,788 15,983
Other service charges and fees 3,641 2,801 6,932 5,604
Bankcard fees 1,446 1,749 $2,784 $3,393
Net investment security gains 468 866 469 1,283
Other 1,609 1,094 12,435 4,819
________________________________________________
Total noninterest income 32,000 28,952 71,986 59,567
________________________________________________
NONINTEREST EXPENSE
Salaries and employee benefits 32,103 30,980 63,928 62,021
Occupancy, net 4,328 3,824 8,723 7,627
Equipment 5,675 5,259 11,102 10,448
Supplies and services 4,658 4,670 $9,553 $9,267
Bankcard processing 1,480 1,819 3,157 2,475
Marketing and business development 3,835 3,378 7,141 6,557
FDIC and regulatory fees 330 3,127 $659 $6,154
Other 6,763 6,790 14,126 13,941
________________________________________________
Total noninterest expense 59,172 59,847 118,389 118,490
________________________________________________
Income before income taxes 21,669 17,834 49,344 37,028
Income tax provision 7,126 5,739 16,805 12,078
________________________________________________
NET INCOME $14,543 $12,095 $32,539 $24,950
======== ======== ======== ========
PER SHARE DATA
Net income $0.76 $0.58 $1.69 $1.20
Dividends $0.20 $0.18 $0.40 $0.36
Weighted average shares outstanding 19,023,962 20,800,185 19,220,405 20,830,618
<FN>
See Notes to Consolidated Financial Statements.
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