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Jun 30, 2023
Commerce Bank Q2 2023 Earnings Report
Commerce Bancshares, Inc. reported a strong second quarter with increased earnings per share.
Key Takeaways
Commerce Bancshares, Inc. announced earnings of $1.02 per share for the three months ended June 30, 2023, compared to $0.92 per share in the same quarter last year. Net income for the second quarter of 2023 amounted to $127.8 million, compared to $115.8 million in the second quarter of 2022.
Earnings per share were $1.02 for the three months ended June 30, 2023, compared to $0.92 in the same quarter last year.
Net income for the second quarter of 2023 amounted to $127.8 million, compared to $115.8 million in the second quarter of 2022.
Net interest income was $249.5 million, a $2.1 million decrease from the prior quarter.
Non-interest income totaled $147.6 million, an increase of $8.2 million compared to the same quarter last year.
Forward Guidance
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include future financial and operating results, expectations, intentions, and other statements that are not historical facts. Such statements are based on current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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