Commerce Bancshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenue of $292,681,000, up from $278,529,000 a year ago. Net interest income was $173,202,000 compared to $162,487,000 a year ago. Income before income taxes was $104,671,000 compared to $92,086,000 a year ago. Net income available to common shareholders was $71,579,000 compared to $63,710,000 a year ago. Net income per basic and diluted common share was $0.68 compared to $0.60 a year ago. Return on total average assets was 1.14% compared to 1.05% a year ago. Return on average common equity was 11.48% compared to 10.88% a year ago.

For the full year 2016, the company reported total revenue of $1,154,441,000, up from $1,082,459,000 a year ago. Net interest income was $680,049,000 compared to $634,320,000 a year ago. Income before income taxes was $401,005,000 compared to $383,565,000 a year ago. Net income available to common shareholders was $266,391,000 compared to $254,730,000 a year ago. Net income per diluted common share was $2.61 compared to $2.43 a year ago. Return on total average assets was 1.12% compared to 1.11% a year ago. Return on average common equity was 11.33% compared to 11.43% a year ago. Book value per common share was $23.22 compared to $21.77 a year ago.

Net loan charge-offs in the fourth quarter of 2016 amounted to $9.0 million, compared to $9.2 million in the same period last year.