Financial Highlights | Commerce Bank

Financial Highlights

Trend Analysis--Quarterly (click here for Annual Analysis)

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Balance Sheet ($000)
	2017 Q1	2016 Q1	Y-Y Ch (%)	2016 Q4	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	13,572,509	12,697,870	6.89	13,412,736	4.76
Loans Held for Sale, before Reserves	15,559	60,078	(74.10)	14,456	30.52
Loan Loss Reserve	157,832	152,132	3.75	155,932	4.87
Net Loans Receivable	13,430,236	12,605,816	6.54	13,271,260	4.79
Intangible Assets	142,515	143,617	(0.77)	142,762	(0.69)
Total Assets	25,308,171	24,506,952	3.27	25,641,424	(5.20)
Deposits	21,091,853	20,686,309	1.96	21,101,095	(0.18)
Debt, Senior and Subordinated	1,423,124	1,061,194	34.11	1,825,954	(88.25)
Common Equity	2,413,919	2,297,244	5.08	2,350,999	10.71
Total Shareholders' Equity	2,563,565	2,447,282	4.75	2,501,132	9.98
Shares Outstanding (actual)	101,847,426	101,539,920	0.30	101,638,335	0.82

Income Statement ($000)
	2017 Q1	2016 Q1	Y-Y Ch (%)	2016 Q4	Q-Q Ch (%)^†
Net Interest Income	178,273	163,775	8.85	173,202	11.71
Provision for Loan Losses	11,128	9,439	17.89	10,400	28.00
Noninterest Income	117,066	115,724	1.16	119,479	(8.08)
Noninterest Expense	186,830	177,473	5.27	181,261	12.29
Net Income Before Taxes	96,609	94,892	1.81	104,671	(30.81)
Provision for Taxes	24,907	29,370	(15.20)	32,297	(91.53)
Net Income	71,702	65,522	9.43	72,374	(3.71)

Per Share Items ($)
	2017 Q1	2016 Q1	Y-Y Ch (%)	2016 Q4	Q-Q Ch (%)^†
Book Value per Share	23.70	22.62	4.76	23.13	9.86
Tangible Book Value	22.30	21.21	5.15	21.73	10.60
Diluted EPS Before Extra	0.68	0.62	9.85	0.68	0.00
Diluted EPS After Extra	0.68	0.62	9.85	0.68	0.00
Dividends Declared	0.2250	0.2143	5.00	0.2143	20.00

Performance Ratios (%)
	2017 Q1	2016 Q1	Y-Y Ch (bp)	2016 Q4	Q-Q Ch (bp)
ROAA	1.15	1.07	8	1.14	1
ROAE	11.30	10.87	44	11.36	(6)
Net Interest Margin	3.14	2.95	19	3.03	11
Loans / Deposits	64.35	61.38	297	63.56	79
Efficiency Ratio	63.14	62.62	52	61.82	132

Balance Sheet Ratios (%)
	2017 Q1	2016 Q1	Y-Y Ch (bp)	2016 Q4	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	9.62	9.46	16	9.25	37
Equity/ Assets	10.13	9.99	14	9.75	38
Asset Quality Ratios (%)
	2017 Q1	2016 Q1	Y-Y Ch (bp)	2016 Q4	Q-Q Ch (bp)
Nonperforming Assets/ Assets	0.06	0.13	(7)	0.06	0
Loan Loss Reserves/ Gross Loans	1.16	1.19	(3)	1.16	0
Loan Loss Reserves/ NPAs	258.24	184.66	7,358	240.27	1,796
Net Charge-offs/ Avg Loans	0.27	0.28	(1)	0.27	0

Regulatory Capital Ratios (%)
	2017 Q1	2016 Q1	Y-Y Ch (bp)	2016 Q4	Q-Q Ch (bp)
Tier 1 Capital Ratio	12.75	12.32	43	12.38	37

^† 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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