Business

Income, earnings lower for Commerce in second quarter

The holding company of Commerce Bank said Thursday that earnings per share and net income were lower in the second quarter and first half of 2013.

Commerce Bancshares said earnings per share were 4 cents lower than the same quarter a year ago — 72 cents a share on net income of $65.8 million compared with 76 cents a share on net income of $70.7 million.

For the first half of the year, earnings per share were $1.39 on net income of $126.8 million compared with $1.46 a share on $136.5 million in net income in the first six months of 2012.

Officials of the Kansas City, Mo.-based company said net loan charge-offs were up to $9.4 million in the second quarter of 2013, compared with $8.2 million in the same quarter a year ago.

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