BusinessJuly 22, 1996
BUSINESS MEMO: COMMERCE EARNINGS RISE 9 PERCENT IN SIX MONTHS
Commerce Bancshares Inc. reported earnings of $56.2 million for the six months ended June 30, up 9 percent from the $51.8 million during the same period in 1995. Per-share earnings amounted to $1.53, compared to $1.38 a year ago. Second-quarter income was $28.9 million, compared to the $26.8 million of a year ago, and the $27.3 million during the first quarter. Earnings per share for the second quarter were 79 cents, an increase of 13 percet from 70 cents of a year ago...
Commerce Bancshares Inc. reported earnings of $56.2 million for the six months ended June 30, up 9 percent from the $51.8 million during the same period in 1995. Per-share earnings amounted to $1.53, compared to $1.38 a year ago.
Second-quarter income was $28.9 million, compared to the $26.8 million of a year ago, and the $27.3 million during the first quarter. Earnings per share for the second quarter were 79 cents, an increase of 13 percet from 70 cents of a year ago.
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Commerce's return on assets for the second quarter rose to 1.56 percent, up from 1.39 percent last year. Assets June 30 were $9.3 billion, and deposits were 7.9 billion.
Commerce Bancshares operates 230 facilities in Illinois, Kansas and Missouri, including Cape Girardeau.
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