YOUR BUSINESS AUTHORITY
Springfield, MO
YOUR BUSINESS AUTHORITY
Springfield, MO
Earnings are up 7 percent from the third quarter of 2004 and up 18 percent from the second quarter of 2005.
Net income for the third quarter totaled $62.8 million, compared to $62.5 million in the same quarter last year and $54.4 million in the second quarter of 2005.
“The increase in pre-tax income resulted from an improving net interest margin, continued growth in fee income and control of expenses,” said David Kemper, chairman and CEO, in a news release.
Total assets for the bank as of Sept. 30 were $13.9 billion, while total loans were $8.7 billion and total deposits were $10.4 billion.
There are 25 Commerce Bank locations in southwest Missouri.
Shares of Commerce Bancshares Inc. (Nasdaq: CBSH), the bank’s Kansas City-based holding company, closed Oct. 24 at $52.92. The 52-week range was $44.58 to $54.72.
This installment of Springfield Business Journal’s Architects & Engineers Project Report showcases 26 endeavors by area design and engineering professionals.
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