Peer Analysis

Performance Ratios (%) CBSH Peer Median Peer Average
ROAA 1.19 0.93 0.94
ROAE 11.47 8.30 8.26
Net Interest Margin 3.13 3.37 3.36
Efficiency Ratio 59.87 61.92 61.23
Loans / Deposits 67.24 93.51 88.63
Asset Quality Ratios (%)
NPAs / Assets NA 0.75 0.74
NCOs / Avg Loans 0.29 0.19 0.17
Reserves / Loans 1.15 0.95 0.98
Reserves / NPAs NA 98.61 109.01
Capital Ratios (%)
Tier 1 Capital NA 11.53 11.62
Tangible Equity / Tangible Assets NA 8.74 8.86
Total Equity / Total Assets 10.83 10.68 11.62
Market Ratios
Price / Earnings (x) 20.52 19.43 18.84
Price / Book (%) 230.07 145.11 151.38
Dividend Yield (%) 1.56 1.93 2.13
Data for trailing four quarters

Commerce Bancshares, Inc.'s peer group consists of the following: Associated Banc-Corp (ASB), BankUnited, Inc. (BKU), BOK Financial Corporation (BOKF), Cullen/Frost Bankers, Inc. (CFR), F.N.B. Corporation (FNB), First Horizon National Corporation (FHN), Fulton Financial Corporation (FULT), Hancock Holding Company (HBHC), IBERIABANK Corporation (IBKC), Investors Bancorp, Inc. (ISBC), MB Financial, Inc. (MBFI), Prosperity Bancshares, Inc. (PB), Synovus Financial Corp. (SNV), TCF Financial Corporation (TCF), UMB Financial Corporation (UMBF), Umpqua Holdings Corporation (UMPQ), Valley National Bancorp (VLY), Webster Financial Corporation (WBS), Wintrust Financial Corporation (WTFC)

Commerce Bancshares, Inc.'s financial data is as of 9/30/2017.

Peer financial data is as of 9/30/2017 except for these companies:

BOK Financial Corporation's financial data is as of 6/30/2017.
Cullen/Frost Bankers, Inc.'s financial data is as of 6/30/2017.
UMB Financial Corporation's financial data is as of 6/30/2017.
Valley National Bancorp's financial data is as of 6/30/2017.
Prosperity Bancshares, Inc.'s financial data is as of 6/30/2017.
TCF Financial Corporation's financial data is as of 6/30/2017.
Investors Bancorp, Inc.'s financial data is as of 6/30/2017.
BankUnited, Inc.'s financial data is as of 6/30/2017.