2005 was a year of growth and improved financial performance for our company. 2006 will be a year in which we will continue to make investments to position our company for continued growth. Key investments will be made in people, technology and our distribution network. |
Bill Greiner is very deserving of this recognition. This award speaks volumes to the expertise that UMB provides our asset management clients. |
I'm very proud of the continued recognition our Asset Management group has received recently. Our expertise and knowledge drives our performance, and that positions our money managers as leaders in the investment industry. We are especially proud of the investment products we offer our customers, and the outstanding job that Jim and his team have delivered. |
Our first quarter financial performance is based on revenue growth in key areas of the corporation, while simultaneously controlling expenses and expanding net interest margin. Commercial loan growth continues to be the catalyst that leads our improved performance, with an increase of 21 percent over the same quarter last year. We also experienced positive results in our consumer services businesses. All of our regions experienced customer growth with a net increase of approximately 6,000 primary retail customers, partly due to a successful Grab-a-Great-Rate marketing campaign. |