Fitch Affirms UMB Financial, Subsidiary Ratings

The company has exited indirect auto lending and grown its lending in the home equity and credit card sectors, which Fitch said does raise some concern. "While UMBF has not loosened its underwriting standards to achieve growth, Fitch believes performance of these unseasoned loan books during the current credit cycle bears close monitoring." The agency said the bank may have to increase the amount of money UMB must set aside to cover souring loans, but expects overall credit losses to remain manageable.

In afternoon trading, shares of UMB slipped 7 cents to $39.18. The stock has traded between $33.65 and $69.60 in the past 52 weeks, and is down about 20 percent since the start of the year.