Kansas City-based UMB Financial, parent of UMB Bank Colorado, reported an 18.2 percent increase in profits. Second-quarter net income of $23.7 million, or 58 cents per share, compared with second-quarter 2007 earnings of $20.1 million, or 48 cents per share.

Denver-based CEO Mariner Kemper said the company is executing across its business lines, with its banks' asset and deposit growth complemented by success in its mutual funds and corporate trust operations.