More on Commerce Banshares Q2 results

|About: Commerce Bancshares, Inc. (CBSH)|By:, SA News Editor

Net income of $66.5M or $0.70 per share vs. $65.8M or $0.69 a year ago.

ROA of 1.18%; ROE of 11.7%, efficiency ratio of 60.3%.

Loans outstanding up $1.1B of 10.9% Y/Y.

Net interest income of $167.9M up $1.9M from a year ago, with NIM of 3.13% down eight basis points.

Noninterest income of $108.8M up 5.9% Y/Y thanks to higher bank card and trust fees.

Noninterest expense of $162.9M up 3.8% thanks to higher salaries, and also includes $1.3M in expense related to Summit Bancshares which weren't there a year ago.

Previously: Commerce Bancshares beats by $0.02

CBSH no trades premarket