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 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.


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