Peer Analysis

Performance Ratios (%) CBSH Peer Median Peer Average
ROAA 1.73 1.34 1.31
ROAE 14.73 10.12 10.11
Net Interest Margin 3.56 3.54 3.58
Efficiency Ratio 55.69 56.81 54.69
Loans / Deposits 71.91 95.63 90.27
Asset Quality Ratios (%)
NPAs / Assets NA 0.52 0.56
NCOs / Avg Loans 0.32 0.15 0.18
Reserves / Loans 1.13 0.71 0.75
Reserves / NPAs NA 87.50 114.06
Capital Ratios (%)
Tier 1 Capital NA 11.77 11.87
Tangible Equity / Tangible Assets NA 9.36 9.57
Total Equity / Total Assets 12.31 12.42 13.09
Market Ratios
Price / Earnings (x) 15.55 11.72 11.97
Price / Book (%) 212.08 109.72 115.73
Dividend Yield (%) 1.78 3.08 2.78
Data for trailing four quarters

Commerce Bancshares, Inc.'s peer group consists of the following: Bank OZK (OZK), Chemical Financial Corporation (CHFC), Cullen/Frost Bankers, Inc. (CFR), First National of Nebraska, Inc. (FINN), Fulton Financial Corporation (FULT), Hancock Whitney Corporation (HWC), IBERIABANK Corporation (IBKC), Investors Bancorp, Inc. (ISBC), Old National Bancorp (ONB), Pinnacle Financial Partners, Inc. (PNFP), Prosperity Bancshares, Inc. (PB), Sterling Bancorp (STL), TCF Financial Corporation (TCF), UMB Financial Corporation (UMBF), Umpqua Holdings Corporation (UMPQ), United Bankshares, Inc. (UBSI), Valley National Bancorp (VLY), Webster Financial Corporation (WBS), Wintrust Financial Corporation (WTFC)

Commerce Bancshares, Inc.'s financial data is as of 6/30/2019.

Peer financial data is as of 6/30/2019 except for these companies:

Cullen/Frost Bankers, Inc.'s financial data is as of 3/31/2019.
Chemical Financial Corporation's financial data is as of 3/31/2019.
Old National Bancorp's financial data is as of 3/31/2019.
United Bankshares, Inc.'s financial data is as of 3/31/2019.
UMB Financial Corporation's financial data is as of 3/31/2019.
Valley National Bancorp's financial data is as of 3/31/2019.
Prosperity Bancshares, Inc.'s financial data is as of 3/31/2019.
TCF Financial Corporation's financial data is as of 3/31/2019.
Investors Bancorp, Inc.'s financial data is as of 3/31/2019.
Sterling Bancorp's financial data is as of 3/31/2019.