Financial Highlights | Commerce Bank

Financial Highlights

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

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Balance Sheet ($000)
	2018 Q1	2017 Q1	Y-Y Ch (%)	2017 Q4	Q-Q Ch (%)^†
Loans Held for Investment, before Reserves	13,893,361	13,572,509	2.36	13,983,674	(2.58)
Loans Held for Sale, before Reserves	16,435	15,559	5.63	21,398	(92.78)
Loan Loss Reserve	159,532	157,832	1.08	159,532	0.00
Net Loans Receivable	13,750,264	13,430,236	2.38	13,845,540	(2.75)
Intangible Assets	141,709	142,515	(0.57)	141,886	(0.50)
Total Assets	24,611,242	25,308,171	(2.75)	24,833,415	(3.58)
Deposits	20,538,471	21,091,853	(2.62)	20,425,446	2.21
Debt, Senior and Subordinated	1,141,543	1,423,124	(19.79)	1,508,896	(97.38)
Common Equity	2,558,338	2,413,919	5.98	2,571,776	(2.09)
Total Shareholders' Equity	2,705,728	2,563,565	5.55	2,718,184	(1.83)
Shares Outstanding (actual)	106,617,497	106,939,797	(0.30)	106,804,429	(0.70)

Income Statement ($000)
	2018 Q1	2017 Q1	Y-Y Ch (%)	2017 Q4	Q-Q Ch (%)^†
Net Interest Income	192,892	178,273	8.20	190,008	6.07
Provision for Loan Losses	10,396	11,128	(6.58)	12,654	(71.38)
Noninterest Income	119,690	109,613	9.19	119,383	1.03
Noninterest Expense	182,277	179,377	1.62	208,859	(50.91)
Net Income Before Taxes	125,319	96,609	29.72	115,087	35.56
Provision for Taxes	23,258	24,907	(6.62)	20,104	62.75
Net Income	102,061	71,702	42.34	94,983	29.81

Per Share Items ($)
	2018 Q1	2017 Q1	Y-Y Ch (%)	2017 Q4	Q-Q Ch (%)^†
Book Value per Share	24.00	22.57	6.30	24.08	(1.39)
Tangible Book Value	22.67	21.24	6.72	22.75	(1.49)
Diluted EPS Before Extra	0.92	0.65	42.06	0.86	27.91
Diluted EPS After Extra	0.92	0.65	42.06	0.86	27.91
Dividends Declared	0.2350	0.2143	9.67	0.2143	38.67

Performance Ratios (%)
	2018 Q1	2017 Q1	Y-Y Ch (bp)	2017 Q4	Q-Q Ch (bp)
ROAA	1.66	1.15	51	1.50	16
ROAE	15.04	11.30	373	13.95	109
Net Interest Margin	3.37	3.13	24	3.29	8
Loans / Deposits	67.65	64.35	330	68.46	(82)
Efficiency Ratio	58.21	62.19	(398)	67.40	(919)

Balance Sheet Ratios (%)
	2018 Q1	2017 Q1	Y-Y Ch (bp)	2017 Q4	Q-Q Ch (bp)
Tangible Equity/ Tangible Assets	10.48	9.62	86	10.43	4
Equity/ Assets	10.99	10.13	86	10.95	5
Asset Quality Ratios (%)
	2018 Q1	2017 Q1	Y-Y Ch (bp)	2017 Q4	Q-Q Ch (bp)
Nonperforming Assets/ Assets	0.05	0.06	(1)	0.05	0
Loan Loss Reserves/ Gross Loans	1.15	1.16	(1)	1.14	1
Loan Loss Reserves/ NPAs	NA	258.24	NA	138.15	NA
Net Charge-offs/ Avg Loans	0.30	0.27	3	0.32	(2)

Regulatory Capital Ratios (%)
	2018 Q1	2017 Q1	Y-Y Ch (bp)	2017 Q4	Q-Q Ch (bp)
Tier 1 Capital Ratio	NA	12.75	NA	13.41	NA

^† 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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