BusinessApril 28, 1997
BUSINESS MEMO: COMMERCE BANCSHARES
Total assets March 31 were $9.6 billion. Total deposits were $8.2 billion. David W. Kemper, chairman and CEO, said earnings per share growth marks four consecutive quarters of double-digit growth. Commerce Bancshares is a registered bank holding company operating at 250 sites in Illinois, Kansas and Missouri, including Cape Girardeau...
Commerce Bancshares Inc. announced record earnings of $29.4 million for the quarter ending March 31, an increase of 8 percent from the $27 million of the same period in 1996. Per-share earnings were 78 cents, up 11.4 percent from the first quarter last year. The return on assets for the quarter was 1.27 percent, with a return on equity of 13.17 percent.
Total assets March 31 were $9.6 billion. Total deposits were $8.2 billion.
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David W. Kemper, chairman and CEO, said earnings per share growth marks four consecutive quarters of double-digit growth.
Commerce Bancshares is a registered bank holding company operating at 250 sites in Illinois, Kansas and Missouri, including Cape Girardeau.
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