Financial Highlights | Commerce Bank

Financial Highlights

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

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Balance Sheet ($000)
	2017 Q2	2016 Q2	Y-Y Ch (%)	2017 Q1	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	13,626,592	13,091,888	4.08	13,572,509	1.59
Loans Held for Sale, before Reserves	22,002	33,254	(33.84)	15,559	165.64
Loan Loss Reserve	157,832	153,832	2.60	157,832	0.00
Net Loans Receivable	13,490,762	12,971,310	4.00	13,430,236	1.80
Intangible Assets	142,277	143,291	(0.71)	142,515	(0.67)
Total Assets	25,078,843	24,709,693	1.49	25,308,171	(3.62)
Deposits	20,825,662	20,150,047	3.35	21,091,853	(5.05)
Debt, Senior and Subordinated	1,358,347	1,736,150	(21.76)	1,423,124	(18.21)
Common Equity	2,479,099	2,377,132	4.29	2,413,919	10.80
Total Shareholders' Equity	2,628,207	2,526,821	4.01	2,563,565	10.09
Shares Outstanding (actual)	101,795,752	101,564,789	0.23	101,847,426	(0.20)

Income Statement ($000)
	2017 Q2	2016 Q2	Y-Y Ch (%)	2017 Q1	Q-Q Ch (%)^†
Net Interest Income	182,807	171,829	6.39	178,273	10.17
Provision for Loan Losses	10,758	9,216	16.73	11,128	(13.30)
Noninterest Income	121,400	116,570	4.14	117,066	14.81
Noninterest Expense	184,594	177,089	4.24	186,830	(4.79)
Net Income Before Taxes	112,190	101,350	10.70	96,609	64.51
Provision for Taxes	33,201	31,542	5.26	24,907	133.20
Net Income	78,989	69,808	13.15	71,702	40.65

Per Share Items ($)
	2017 Q2	2016 Q2	Y-Y Ch (%)	2017 Q1	Q-Q Ch (%)^†
Book Value per Share	24.35	23.41	4.05	23.70	11.01
Tangible Book Value	22.96	21.99	4.37	22.30	11.73
Diluted EPS Before Extra	0.75	0.66	13.64	0.68	41.18
Diluted EPS After Extra	0.75	0.66	13.64	0.68	41.18
Dividends Declared	0.2250	0.2143	5.00	0.2250	0.00

Performance Ratios (%)
	2017 Q2	2016 Q2	Y-Y Ch (bp)	2017 Q1	Q-Q Ch (bp)
ROAA	1.26	1.15	11	1.15	11
ROAE	12.11	11.29	82	11.30	80
Net Interest Margin	3.19	3.11	8	3.14	5
Loans / Deposits	65.43	64.97	46	64.35	108
Efficiency Ratio	60.24	61.27	(103)	63.14	(290)

Balance Sheet Ratios (%)
	2017 Q2	2016 Q2	Y-Y Ch (bp)	2017 Q1	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	9.97	9.70	27	9.62	35
Equity/ Assets	10.48	10.23	25	10.13	35
Asset Quality Ratios (%)
	2017 Q2	2016 Q2	Y-Y Ch (bp)	2017 Q1	Q-Q Ch (bp)
Nonperforming Assets/ Assets	0.06	0.11	(5)	0.06	0
Loan Loss Reserves/ Gross Loans	1.16	1.17	(2)	1.16	(1)
Loan Loss Reserves/ NPAs	240.33	211.30	2,903	258.24	(1,791)
Net Charge-offs/ Avg Loans	0.32	0.23	8	0.27	4

Regulatory Capital Ratios (%)
	2017 Q2	2016 Q2	Y-Y Ch (bp)	2017 Q1	Q-Q Ch (bp)
Tier 1 Capital Ratio	13.05	12.29	76	12.75	30

^† 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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