Peer Analysis

Performance Ratios (%) CBSH Peer Median Peer Average
ROAA 1.19 0.93 0.94
ROAE 11.47 8.30 8.29
Net Interest Margin 3.13 3.37 3.37
Efficiency Ratio 59.85 61.86 61.10
Loans / Deposits 67.24 93.51 89.18
Asset Quality Ratios (%)
NPAs / Assets 0.32 0.73 0.76
NCOs / Avg Loans 0.29 0.19 0.18
Reserves / Loans 1.15 0.95 0.98
Reserves / NPAs 195.81 95.23 103.04
Capital Ratios (%)
Tier 1 Capital 13.28 11.20 11.47
Tangible Equity / Tangible Assets 10.32 8.77 8.85
Total Equity / Total Assets 10.83 10.67 11.62
Market Ratios
Price / Earnings (x) 20.23 18.50 18.69
Price / Book (%) 227.28 144.03 150.18
Dividend Yield (%) 1.66 2.03 2.19
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