Company: UMBFO
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000950170-25-028420
Chunk: 91

Company: UMB FINANCIAL CORP
Filing Date: 2025-02-27
Form: 10-K
Item: Item 1B
Chunk 91
---
2022 to 2023 the increase was driven by the $52.8 million FDIC special assessment, increases in salaries and employee benefits expense and processing fees, and partially offset by a decrease in other miscellaneous expense.  Table 7 below summarizes the components of noninterest expense and the respective year-over-year changes for each category. 

Table 7 

SUMMARY OF NONINTEREST EXPENSE (in thousands)

    Year Ended December 31,

    Dollar Change

    Percent Change

    2024

    2023

    2022

    24-23

    23-22

    24-23

    23-22

    Salaries and employee benefits
     
    $
    593,913

    $
    553,421

    $
    524,431

    $
    40,492

    $
    28,990

    7.3
    %

    5.5
    %

    Occupancy, net

    47,539

    48,502

    48,848

    (963
    )

    (346
    )

    (2.0
    )

    (0.7
    )

    Equipment

    63,406

    68,718

    74,259

    (5,312
    )

    (5,541
    )

    (7.7
    )

    (7.5
    )

    Supplies and services

    14,845

    16,829

    13,590

    (1,984
    )

    3,239

    (11.8
    )

    23.8

    Marketing and business development

    28,439

    25,749

    25,699

    2,690

    50

    10.4

    0.2

    Processing fees

    117,899

    103,099

    82,227

    14,800

    20,872

    14.4

    25.4

    Legal and consulting

    46,207

    29,998

    39,095

    16,209

    (9,097
    )

    54.0

    (23.3
    )

    Bankcard

    44,265