Higher costs weighed on UMB Financial (UMBF) in Kansas City, Mo., in the fourth quarter.

Earnings at the $14.9 billion-asset company fell 9.4% from a year earlier, to $21.1 million.

Earnings per share of 52 cents were below the average analysts' estimate by 15 cents, according to Bloomberg.

Noninterest income rose 4.6% from the fourth quarter of 2011, to $109.2 million, because of higher fees from bank cards, deposits and trust accounts.

But noninterest expense increased by 11.1% from a year earlier, to $158 million, because of higher personnel and marketing costs, as well as charges for contingent liabilities.

Net interest income rose roughly 1% from a year earlier, to $80.2 million. The net interest margin compressed 27 basis points from a year earlier, to 2.64%.

UMB recorded loans of $5.6 billion, up 14.3% from the fourth quarter of 2011. The loan-loss provision fell 20% from a year earlier, to $4 million.

 

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