Commerce Bancshares Q4 Profit Down - Quick Facts

(RTTNews) - Commerce Bancshares Inc. (CBSH) reported that its fourth-quarter net income attributable to the company declined to $65.92 million, from the previous year's $66.79 million. But, net income per share for the quarter was $0.69, unchanged from last year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.71 per share for the quarter. Analysts' estimates typically exclude special items.

Provision for loan losses was $5.54 million, compared to $8.33 million in the year ago quarter.

Net interest income for the quarter was $154.87 million, down from $161.25 million in the prior year. Taxable equivalent net interest income for the quarter was $162.18 million, compared to $168.43 million in the previous year.

Total non-interest income amounted to $109.5 million, an increase of $6.2 million, or 6.0%, compared to the same period last year. The increase in non-interest income over the same period last year was mainly due to higher bank card and trust fees.