Commerce Bancshares Inc. of Kansas City, Mo., said its second-quarter earnings rose 1% from the same quarter last year, to $54.4 million.
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Earnings per share rose 5%, to 80 cents, the $14.1 billion-asset Commerce said Wednesday.
For the first six months of the year, earnings fell 1%, to $104.2 million, while earnings per share rose 4%, to $1.53.
Second-quarter net interest income rose 1%, to $122 million, and noninterest income rose 1%, to $85 million. The second-quarter provision for loan losses fell 12%, to $5.5 million. For the first half the provision fell 52%, to $7.9 million.
