Commerce’s yearly earnings tick down

Kansas City-based Commerce Bancshares Inc. (Nasdaq: CBSH) reported $254.7 million in 2015 net income available to common shareholders, a 1.2 percent decrease compared to $257.7 million in 2014.

The operator of seven Commerce Bank branches in Springfield reported diluted share earnings for the year of $2.56, a 7-cent increase, according to a news release.

Commerce’s 2015 financial notes:
    •    The company’s revenue moved up 2.4 percent to $1.08 billion from $1.06 billion in 2014.
    •    Fourth-quarter net income available to common shareholders was $61.5 million, a 1.6 percent increase compared to $60.5 million a year earlier.
    •    Salaries and employee benefits for the year totaled $400.7 million, a 4.3 percent increase over $384.1 million in 2014.

As of Dec. 31, Commerce held assets of $24.6 billion, deposits of $20 billion and loans of $12.4 billion. The company operates 346 branches in five states, according to the release.

CBSH shares were trading at $38.32 as of 11:07 a.m., compared to a 52-week range of $37.44 to $47.10.