Commerce Bank Earnings Drop 7 Percent

Commerce Bancshares Inc. said first quarter earnings fell 7 percent primarily because of low rates it can charge on loans and earn from investments, particularly securities that come with an inflation protection feature. The Kansas City-based banking company said profits totaled $61.0 million through the first three months of this year. A year ago, it had earned $65.8 million. Commerce’s announcement Loans grew at a “solid” 10 percent pace in the quarter.

Read more in the Kansas City Star