UMB Bank third-quarter earnings down

The holding company for UMB Bank on Wednesday reported a 37 percent drop in earnings for the third quarter compared to the same period in 2014, according to a news release.

UMB Financial Corp. announced earnings of $22.5 million, or 46 cents per diluted share, for the three months ended on Sept. 30. During the third quarter last year, UMB reported earnings of $35.6 million, according to the release.

The lower earnings were partially due to “continued headwinds” at UMB’s Scout Investments subsidiary and expenses of $4.5 million associated with the integration of Marquette Financial Cos., which UMB acquired earlier this year, according to a statement from UMB Chairman and CEO Mariner Kemper.

Gil Trout, chairman and CEO of UMB’s Kansas operations, said in the release that the company continues to do well in the state.

“Kansas continues to be one of UMB’s top growth markets,” Trout said. That’s something we are very proud of given the competitive lending environment in the region. That growth continued in the third quarter, and we are pleased to report a 10.2 percent increase in loan balances when compared to the third quarter of 2014. Our success continues to come from various industries, including commercial real estate, public finance, aviation and healthcare, to name a few.”

Kansas City-based UMB Bank has more than 100 branches in eight states, including two branches in Wichita.

This story was originally published October 28, 2015 at 11:06 AM with the headline "UMB Bank third-quarter earnings down."