Shares Of Commerce Bancshares Plunge On Earns Miss

Total non-interest income, or profit from fees and other charges, was roughly flat at $92.4 million.

Fox Pitt Kelton analyst Andrew Marquardt reiterated an "in line" rating on the shares, noting that overall results were worse than he had expected. But he was encouraged by loan and deposit growth, as well as the bank's fee income.

Shares of other regional banks also fell sharply Tuesday on investors' growing concerns about weak profit reports. The overall market has been more upbeat in recent weeks, driving higher after several big bank chief executives said business conditions are improving. But analysts warn that many obstacles remain and that credit costs will likely stay elevated for some time.

Commerce Bancshares operates 370 branches in Missouri, Illinois, Kansas, Oklahoma and Colorado.