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Financial Highlights
Financial Highlights
COMMERCE BANCSHARES, INC. (NASDAQ - CBSH)
Trend Analysis--Quarterly (
click here for Annual Analysis
)
For the definition of a financial field, click on the field name.
Balance Sheet ($000)
2009 Q3
2008 Q3
Y-Y
Ch (%)
2009 Q2
Q-Q
Ch (%)
†
Loans Held for Investment, before Reserves
10,282,690
10,985,789
(6.40)
10,699,674
(15.59)
Loans Held for Sale, before Reserves
317,913
392,697
(19.04)
388,706
(72.85)
Loan Loss Reserve
190,466
156,031
22.07
186,001
9.60
Net Loans Receivable
10,410,137
11,222,455
(7.24)
10,902,379
(18.06)
Intangible Assets
139,175
142,942
(2.64)
140,069
(2.55)
Total Assets
17,953,107
16,953,400
5.90
17,720,043
5.26
Deposits
13,840,795
12,312,087
12.42
13,706,342
3.92
Debt, Senior and Subordinated
1,952,134
2,810,485
(30.54)
2,021,229
(13.67)
Common Equity
1,848,824
1,598,611
15.65
1,696,270
35.97
Total Shareholders' Equity
1,850,644
1,601,733
15.54
1,698,309
35.88
Shares Outstanding (actual)
78,922,671
75,701,500
4.26
77,049,199
9.73
Income Statement ($000)
2009 Q3
2008 Q3
Y-Y
Ch (%)
2009 Q2
Q-Q
Ch (%)
†
Net Interest Income
163,539
151,564
7.90
157,445
15.48
Provision for Loan Losses
35,361
29,567
19.60
41,166
(56.41)
Noninterest Income
102,135
95,593
6.84
98,562
14.50
Noninterest Expense
156,985
181,567
(13.54)
152,011
13.09
Net Income Before Taxes
74,879
34,293
118.35
52,077
175.14
Provision for Taxes
23,415
9,534
145.59
15,257
213.88
Net Income
51,464
24,759
107.86
36,820
159.09
Per Share Items ($)
2009 Q3
2008 Q3
Y-Y
Ch (%)
2009 Q2
Q-Q
Ch (%)
†
Book Value per Share
23.43
21.12
10.92
22.02
25.62
Tangible Book Value
21.66
19.23
12.64
20.20
29.01
Diluted EPS Before Extra
0.66
0.32
106.25
0.48
150.00
Diluted EPS After Extra
0.66
0.32
106.25
0.48
150.00
Dividends Declared
0.2400
0.2381
0.80
0.2400
0.00
Performance Ratios (%)
2009 Q3
2008 Q3
Y-Y
Ch (bp)
2009 Q2
Q-Q
Ch (bp)
ROAA
1.16
0.60
56
0.84
32
ROAE
11.49
6.06
543
8.91
258
Net Interest Margin
4.02
4.04
(2)
3.91
11
Loans / Deposits
74.29
89.23
(1,494)
78.06
(377)
Efficiency Ratio
57.75
74.20
(1,645)
62.15
(440)
Balance Sheet Ratios (%)
2009 Q3
2008 Q3
Y-Y
Ch (bp)
2009 Q2
Q-Q
Ch (bp)
Tangible Equity/ Tangible Assets
9.61
8.68
93
8.86
74
Equity/ Assets
10.31
9.45
86
9.58
72
Asset Quality Ratios (%)
2009 Q3
2008 Q3
Y-Y
Ch (bp)
2009 Q2
Q-Q
Ch (bp)
Nonperforming Assets/ Assets
0.72
0.27
45
0.74
(2)
Loan Loss Reserves/ Gross Loans
1.80
1.37
43
1.68
12
Loan Loss Reserves/ NPAs
147.38
337.57
(19,019)
141.24
614
Net Charge-offs/ Avg Loans
1.15
0.66
49
1.27
(12)
Regulatory Capital Ratios (%)
2009 Q3
2008 Q3
Y-Y
Ch (bp)
2009 Q2
Q-Q
Ch (bp)
Tier 1 Capital Ratio
12.77
10.65
212
11.44
133
†
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.
Copyright 2009,
© SNL Financial LC
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