Commerce Bancshares Q4 earnings $0.63 per share
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Total assets at December 31, 2015 were $24.6 billion.
For the current quarter, the return on average assets totaled 1.05%, the return on average common equity was 10.9%, and the efficiency ratio was 62.9%. For the year ended December 31, 2015, earnings per common share totaled $2.56 compared to $2.49 in 2014.
Net income amounted to $263.7 million in 2015 compared to $261.8 million in 2014. In 2015, the return on average assets was 1.11% and the return on average common equity was 11.4%.
Total assets at December 31, 2015 were $24.6 billion, total loans were $12.4 billion, and total deposits were $20.0 billion. During the quarter, the company paid a common cash dividend of $.214 per share, representing a 5% increase over the rate paid in 2014, and also paid a 6% cash dividend on its preferred stock.
The company also distributed a 5% stock dividend on its common stock during the fourth quarter of 2015. ■