Commerce Bancshares, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2017. For the quarter, the company reported net interest income was $190,008,000 against $173,202,000 a year ago. Total revenue was $314,220,000 against $292,681,000 a year ago. Income before taxes was $115,087,000 against $104,671,000 a year ago. Net income available to common shareholders was $92,105,000 against $69,329,000 a year ago. Diluted earnings per common share were $0.86 against $0.65 a year ago. Return on total average assets was 1.50% against 1.14% a year ago. Return on average common equity was 14.17% against 11.48% a year ago. Book value per common share was $24.14 against $22.12 per share a year ago.

For the full year, the company reported net interest income was $733,679,000 against $680,049,000 a year ago. Total revenue was $1,220,283,000 against $1,154,441,000 a year ago. Income before taxes was $430,406,000 against $401,005,000 a year ago. Net income available to common shareholders was $310,383,000 against $266,391,000 a year ago. Diluted earnings per common share were $2.89 against $2.49 a year ago. Return on total average assets was 1.28% against 1.12% a year ago. Return on average common equity was 12.46% against 11.33% a year ago.

For the current quarter, net loan charge-offs totaled $11.0 million compared to $10.7 million in the prior quarter and $9.0 million in the same period last year. This small increase was due mainly to growth in net loan charge-offs in business loans, offset by lower automobile loan net charge-offs.