Compared to the same quarter last year, net interest income (tax equivalent) increased by $407 thousand to $171.2 million, while non-interest income decreased slightly to $100.8 million. Investment securities gains this quarter totaled $1.3 million, compared to gains of $2.0 million in the same period last year, with virtually all of these gains due to fair value adjustments and sales of the Company's private equity investments. Non-interest expense for the current quarter totaled $150.7 million, a decrease of $2.9 million from the same period last year. The provision for loan losses totaled $5.2 million, representing a decline of $7.0 million from the amount recorded in the same quarter last year.Balance Sheet Review
Commerce Bancshares, Inc. Announces Record Second Quarter Earnings Per Share Of $.84
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