The holding company of Commerce Bank said today its quarterly earnings moved higher in the three-month period ending June 30.
Kansas City, Mo.-based Commerce Bancshares said its earnings were 71 cents a share compared to 46 cents a share in the second quarter 2009.
Its earnings were also higher than first quarter 2010, which were 53 cents a share.
Net income was $59.7 million compared to $44.2 million in first quarter 2010 and $37 million in second quarter 2009.
Sign Up and Save
Get six months of free digital access to The Wichita Eagle
Earnings and net income were also higher for the first half of 2010, compared to the same period a year ago.
"We are pleased to report strong second quarter earnings," said Commerce Bancshares CEO David Kemper, in a release.