Politicians Need to Stop Bashing Banks Says UMB CEO

Shares of Kansas City-based UMB Financial (UMBF) - Get Report are up over 17% year-to-date, while mega-banks JP Morgan (JPM) - Get Report and Bank of America (BAC) - Get Report remain deep in the red thus far in 2016. UMB CEO Mariner Kemper says the regional bank's growth, quality and asset mix have been key to its outperformance. 'We've had 20 quarters of outsized loan growth, in fact we are doing two times the loan growth of the industry,' said Kemper. 'Meanwhile, we are maintaining quality as well. We have the lowest non-performing loans and charge-offs in the country.' Last year the bank expanded its reach into Texas and Arizona through the acquisition of Marquette Financial, even as oil prices cratered bringing down a number of Texas-lenders along with it.