Commerce Bancshares Reports 3% YOY Growth in Loan Balances

Commerce Bancshares saw its net income increase 9% year over year, driven in part by expanding net interest margin. Kemper added that the bank's net interest margin expansion of 22 basis points was due to a repositioning of some of its available for sale securities, asset repricing and inflation income on treasury bonds. "Credit quality across our entire loan portfolio remains excellent, with non-accrual loans at just 11 basis points of total loans," Kemper said. "Our earnings remained strong this quarter, ...