Commerce Bancshares Q2 Earnings Up

(RTTNews) - Commerce Bancshares, Inc. (CBSH), on Thursday reported higher net income in the second quarter compared with the previous year.

For the second quarter, Net income attributable to the company increased to $159.79 million from $152.48 million in the previous year.

Earnings per share were $1.10 versus $1.09 last year.

Net interest income increased to $315.09 million from $280.15 million in the previous year.

Non-interest income jumped to $183.83 million from $165.61 million in the prior year.

Net loans increased to 20.64 billion from 17.50 billion in the previous year.

Deposits rose to 27.88 billion from 25.49 billion in the same period a year ago.

In the pre-market trading, Commerce Bancshares is 1.79% higher at $59.20 on the Nasdaq.