UMB Financial Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported total interest income of $119,615,000 compared to $94,218,000 a year ago. Net interest income was $114,454,000 compared to $90,914,000 a year ago. Income before income taxes was $39,973,000 compared to $36,765,000 a year ago. Net income was $29,643,000 or $0.60 per diluted share compared to $26,940,000 or $0.59 per diluted share a year ago. Return on average assets was 63% against 0.66% reported last year. Return on average equity was 6.15% against 6.47% reported last year. Non-GAAP net operating income was $34,234,000 compared to $27,821,000 a year ago. Non-GAAP return on average assets was 0.72% against 0.68% reported last year. Return on average equity was 7.10% against 6.68% reported last year.

For the year, the company reported total interest income of $430,681,000 compared to $363,871,000 a year ago. Net interest income was $412,067,000 compared to $350,055,000 a year ago. This increase was due primarily to a $1.4 billion, or 20.8%, increase in average loans. Income before income taxes was $159,285,000 compared to $166,063,000 a year ago. Net income was $116,073,000 or $2.44 per diluted share compared to $120,655,000 or $2.65 per diluted share a year ago. Return on average assets was 0.65% against 0.75% reported last year. Return on average equity was 6.43% against 7.54% reported last year. Book value per share was $38.34 as at December 31, 2015 against $36.10 as at December 30, 2015. Non-GAAP net operating income was $123,360,000 compared to $139,601,000 a year ago. Non-GAAP return on average assets was 0.69% against 0.87% reported last year. Return on average equity was 6.83% against 8.73% reported last year.

The company reported net loan charge-offs of $1,886,000 for the fourth quarter of 2015 against $4,176,000 for the same period a year ago.