Commerce Bancshares Inc. in Kansas City, Mo., said Thursday that its earnings fell 34% from a year earlier, to $37 million, partly because of rising loan trouble.

Still, the $17.7 billion-asset company said its earnings improved 20% from the first quarter, because of higher interest and fee income. Both had been helped by 5% growth in average deposits during the quarter, to $651 million.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.