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UMB UMB Financial Corporation 1010 Grand Boulevard Kansas City , MO 64106 816.860.7000 umb.com // FOR IMMEDIATE RELEASE // Media Contact : Stephanie Hague : 816.860.5088 News Release Exhibit 99.1 Investor Relations Contact : Kay Gregory : 816.860.7106 UMB Financial Corporation Reports Second Quarter Net Income of $ 87.4 Million ; Announces 15.6 % Increase to Quarterly Cash Dividend Second quarter 2021 Financial Highlights ( all comparisons to prior year unless otherwise noted ) GAAP net income of $ 87.4 million , or $ 1.79 per diluted share ; net operating income of $ 87.6 million , or $ 1.80 per diluted share . Pre - tax , pre - provision ( PTPP ) income of $ 131.3 million , an increase of $ 41.2 million . Quarterly average loan balances increased $ 1.7 billion , or 11.4 % . Excluding Paycheck Protection Program ( PPP ) balances , average loans increased 19.0 % on a linked - quarter , annualized basis . Quarterly average deposits grew 22.0 % to $ 27.8 billion . Noninterest income increased 9.2 % and comprised 39.6 % of revenue . Board of Directors increased quarterly cash dividend by 15.6 % to $ 0.37 per share . KANSAS CITY , Mo. ( July 27 , 2021 ) – UMB Financial Corporation ( Nasdaq : UMBF ) , a financial services company , announced net income for the second quarter of 2021 of $ 87.4 million , or $ 1.79 per diluted share , compared to $ 92.6 million , or $ 1.91 per diluted share , in the first quarter of 2021 ( linked quarter ) and $ 60.5 million , or $ 1.26 per diluted share , in the second quarter of 2020 . Net operating income , a non - GAAP financial measure reconciled to net income , the nearest comparable GAAP measure , later in this release , was $ 87.6 million , or $ 1.80 per diluted share , for the second quarter of 2021 , compared to $ 92.8 million , or $ 1.91 per diluted share , for the linked quarter and $ 63.8 million , or $ 1.33 per diluted share , for the second quarter of 2020. Pre - tax , pre - provision income on a fully tax equivalent basis ( PTPP - FTE ) , a non - GAAP measure reconciled to the components of net income before taxes , the nearest comparable GAAP measure , later in this release , was $ 138.0 million , or $ 2.83 per diluted share , for the second quarter of 2021 , compared to $ 108.7 million , or $ 2.24 per diluted share , for the linked quarter , and $ 96.8 million , or $ 2.01 per diluted share , for the second quarter of 2020. These PTPP - FTE results represent an increase of 26.9 % on a linked - quarter basis and an increase of 42.6 % compared to the second quarter of 2020 .