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Commerce Bancshares Q3 net income $68.5 million

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Commerce Bancshares
Commerce Bancshares   The return on average assets was 1.12%

Commerce Bancshares announced earnings of $.68 per common share for the three months ended September 30, 2016, compared to $.70 per share in the prior quarter and $.63 per share in Q3 2015.


Net income attributable to Commerce Bancshares for the third quarter amounted to $68.5 million, compared to $69.9 million in the prior quarter and $64.6 million in the same quarter last year.

For the quarter, the return on average assets was 1.12%, the return on average common equity was 11.0%, and the efficiency ratio was 62.3%.

For the nine months ended September 30, 2016, earnings per common share totaled $2.03, compared to $1.93 in 2015, or an increase of 5.2%.

Net income attributable to Commerce Bancshares amounted to $203.8 million for the nine months ended September 30, 2016, compared to $200.0 million during the same period last year.

For the first nine months of 2016, the return on average assets was 1.11%, and the return on average common equity was 11.3%.


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