Investor Relations | Commerce Bank

Financial Highlights

COMMERCE BANCSHARES, INC. (NASDAQ - CBSH)

Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
	2009 Q4	2008 Q4	Y-Y Ch (%)	2009 Q3	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	10,145,324	11,283,246	(10.09)	10,282,690	(5.34)
Loans Held for Sale, before Reserves	345,003	361,298	(4.51)	317,913	34.08
Loan Loss Reserve	194,480	172,619	12.66	190,466	8.43
Net Loans Receivable	10,295,847	11,471,925	(10.25)	10,410,137	(4.39)
Intangible Assets	138,339	141,981	(2.57)	139,175	(2.40)
Total Assets	18,120,189	17,532,447	3.35	17,953,107	3.72
Deposits	14,210,451	12,894,733	10.20	13,840,795	10.68
Debt, Senior and Subordinated	1,839,253	2,774,318	(33.70)	1,952,134	(23.13)
Common Equity	1,884,228	1,576,632	19.51	1,848,824	7.66
Total Shareholders' Equity	1,885,905	1,579,467	19.40	1,850,644	7.62
Shares Outstanding (actual)	83,008,319	79,580,495	4.31	82,868,805	0.67

Income Statement ($000)
	2009 Q4	2008 Q4	Y-Y Ch (%)	2009 Q3	Q-Q Ch (%)^†
Net Interest Income	164,503	156,289	5.26	163,539	2.36
Provision for Loan Losses	41,002	41,333	(0.80)	35,361	63.81
Noninterest Income	103,457	85,226	21.39	102,135	5.18
Noninterest Expense	154,677	147,378	4.95	156,985	(5.88)
Net Income Before Taxes	70,956	61,308	15.74	74,879	(20.96)
Provision for Taxes	21,493	17,757	21.04	23,415	(32.83)
Net Income	49,463	43,551	13.57	51,464	(15.55)

Per Share Items ($)
	2009 Q4	2008 Q4	Y-Y Ch (%)	2009 Q3	Q-Q Ch (%)^†
Book Value per Share	22.70	19.81	14.57	22.31	6.97
Tangible Book Value	21.03	18.03	16.67	20.63	7.79
Diluted EPS Before Extra	0.60	0.55	9.09	0.63	(19.05)
Diluted EPS After Extra	0.60	0.55	9.09	0.63	(19.05)
Dividends Declared	0.2286	0.2268	0.79	0.2286	0.00

Performance Ratios (%)
	2009 Q4	2008 Q4	Y-Y Ch (bp)	2009 Q3	Q-Q Ch (bp)
ROAA	1.09	1.04	5	1.16	(7)
ROAE	10.48	10.82	(34)	11.49	(101)
Net Interest Margin	3.95	4.06	(11)	4.02	(7)
Loans / Deposits	71.39	87.50	(1,611)	74.29	(290)
Efficiency Ratio	57.42	59.02	(160)	57.75	(33)

Balance Sheet Ratios (%)
	2009 Q4	2008 Q4	Y-Y Ch (bp)	2009 Q3	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	9.72	8.27	145	9.61	11
Equity/ Assets	10.41	9.01	140	10.31	10
Asset Quality Ratios (%)
	2009 Q4	2008 Q4	Y-Y Ch (bp)	2009 Q3	Q-Q Ch (bp)
Nonperforming Assets/ Assets	0.64	0.45	19	0.72	(8)
Loan Loss Reserves/ Gross Loans	1.85	1.48	37	1.80	6
Loan Loss Reserves/ NPAs	166.69	218.29	(5,160)	147.38	1,931
Net Charge-offs/ Avg Loans	1.41	0.87	54	1.15	26

Regulatory Capital Ratios (%)
	2009 Q4	2008 Q4	Y-Y Ch (bp)	2009 Q3	Q-Q Ch (bp)
Tier 1 Capital Ratio	NA	10.92	NA	12.77	NA

^† Q-Q Ch(%)= most recent quarter minus prior quarter annualized e.g. [(Q4-Q3)/Q3]*4

*	Percentages presented for individual quarters are annualized by taking the quarter amount and multiplying by four.


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