Commerce Bancshares, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2012. For the quarter, the company reported interest income of $170,185,000 against $173,223,000 for the same period last year. Net interest income was $161,253,000 against $161,757,000 for the same period last year. Income before income taxes was $94,231,000 against $92,561,000 for the same period last year. Net income attributable to the company was $66,791,000 or $0.72 per diluted share against $61,504,000 or $0.66 per diluted share for the same period last year. Return on total average assets was 1.25% against 1.19% for the same period last year. Return on total average equity was 11.62% against 11.39% for the same period last year.

For the year, the company reported interest income of $677,969,000 against $697,971,000 for the same period last year. Net interest income was $639,906,000 against $646,070,000 for the same period last year. Income before income taxes was $398,608,000 against $381,035,000 for the same period last year. Net income attributable to the company was $269,329,000 or $2.90 per diluted share against $256,343,000 or $2.69 per diluted share for the same period last year. Return on total average assets was 1.30% against 1.32% for the same period last year. Return on total average equity was 12.00% against 12.15% for the same period last year. Book value per share based on total equity as at December 31, 2012 was $23.76 against $23.24 as at December 31, 2011.

The company announced that net loan charge-offs for the current quarter totaled $10.8 million, compared to $15.6 million in the fourth quarter of 2011 and $9.1 million in the previous quarter.