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Jun 30, 2021
Commerce Bank Q2 2021 Earnings Report
Commerce Bancshares, Inc. reported a strong second quarter with increased earnings and improved credit metrics.
Key Takeaways
Commerce Bancshares, Inc. reported earnings of $1.38 per share for the second quarter of 2021, a significant increase compared to $0.32 per share in the same quarter last year. Net income amounted to $162.3 million, driven by a reduction in reserves for credit losses and gains from private equity investments. The company saw growth in fee income, particularly from bank card and trust services.
Earnings per share reached $1.38, significantly higher than the $0.32 in the same quarter last year.
Net income totaled $162.3 million, boosted by reduced credit loss reserves and investment gains.
Fee income was solid, with notable contributions from bank card and trust services.
Credit performance was strong, with net loan charge-offs decreasing to $699 thousand.
Revenue by Segment
Historical Earnings Impact
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Avg. Return Before/After Earnings
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