BusinessJanuary 22, 1996
BUSINESS MEMO: COMMERCE EARNINGS REPORT
Commerce Bancshares Inc. has announced earnings of $107.6 million for the 12 months ending Dec. 31, an increase of 12 percent from the $96.1 million in 1994. Per-share earnings were $2.85 for 1995, compared to $2.72 for 1994. Return on assets for the year was 1.21 percent...
Commerce Bancshares Inc. has announced earnings of $107.6 million for the 12 months ending Dec. 31, an increase of 12 percent from the $96.1 million in 1994.
Per-share earnings were $2.85 for 1995, compared to $2.72 for 1994. Return on assets for the year was 1.21 percent.
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Net income for the three months ending Dec. 31 was $28.2 million, up 16 percent over the same period of 1993. Per-share earnings for the final quarter were 75 cents compared to 72 cents in 1994, an increase of 8.7 percent.
Commerce Bancshares is a registered bank-holding company operating at 230 sites in Illinois, Kansas and Missouri, including Cape Girardeau. Total assets Dec. 31 were $9.6 billion, total loans were $5.3 billion and total deposits were $8.2 billion.
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