10 years is longer than you think!
It’s hard to believe that 10 years ago today, our fearless leader, Mariner Kemper, became CEO of UMB Financial Corporation.
- UMB has had a ten-year total return of 220.3 percent.*
- Annual revenue has increased by 87.9% in the last decade. It grew from $439.1 million in 2003 to $825.1 million in 2013, a compound annual growth rate of 6.5%.
What else was going on in 2004? This short list puts things in perspective:
- $1.00 in 2004 had the same buying power as $1.26 has today. Annual inflation over this period was 2.37%.
- Gas prices in April 2004 were $1.79/gallon. Today the national average is $3.61/gallon, an increase of 101.7%.
- The U.S. dollar reached its lowest point against the Euro in November 2004.
In non-financial happenings…
- “The Lord of the Rings: The Return of the King” wins 11 Academy Awards, a tie for the most ever won by a single film.
- “Friends” airs last episode (May 6)
- Google introduces Gmail: the launch is met with skepticism on account of the launch date. (April 1)
- Ken Jennings wins 74 consecutive games on Jeopardy!
- Mariner and his wife, Megan had a 4-year-old and an 1-year-old. Now they have a teenager and pre-teen!
UMB looks forward to the next decades of growth under the leadership of Mariner Kemper.
*10-year total return calculated from December 31, 2003 to December 31, 2013, according to SNL Financial.
UMB Financial Corporation (Nasdaq: UMBF) is a diversified financial holding company headquartered in Kansas City, Mo., offering complete banking services, payment solutions, asset servicing and institutional investment management to customers. UMB operates banking and wealth management centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska, Arizona and Texas, as well as two national specialty-lending businesses. Subsidiaries of the holding company include companies that offer services to mutual funds and alternative-investment entities and registered investment advisors that offer equity and fixed income strategies to institutions and individual investors.