Commerce Bancshares Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenue of $278.4 million, up from $264.2 million in the fourth quarter of 2014. Interest income was $169.74 million compared to $158.92 million in the fourth quarter of 2014. Net interest income was $162.49 million compared to $151.93 million in the fourth quarter of 2014. Net interest income after provision for loan losses was $153.3 million compared to $147.27 million in the fourth quarter of 2014. Income before income taxes was $92.09 million compared to $93.23 million in the fourth quarter of 2014. Net income was $64.43 million compared to $63.74 million in the fourth quarter of 2014. Net income attributable to Commerce Bancshares, Inc.was $63.71 million compared to $62.73 million in the fourth quarter of 2014. Net income available to common shareholders was $61.46 million compared to $60.48 million in the fourth quarter of 2014. Net income per diluted common share was $0.63 compared to $0.60 in the fourth quarter of 2014. Return on total average assets was 1.05% compared to 1.08% in the fourth quarter of 2014. Return on average common equity was 10.88% compared to 10.98% in the fourth quarter of 2014. Net interest income increased slightly this quarter due to higher earning asset balances and higher rates earned on mortgage and asset-backed securities, but was offset by a decline in inflation income of $4.7 million on the Company's inflation-protected securities. Fee income also grew 4.3% on higher fees mainly from deposit, bank card, trust and mortgage banking activities.

For the full year 2015, the company revenue totaled $1.08 billion up from nearly $1.06 billion the prior year. Interest income was $662.42 million compared to $648.29 million for the year 2014. Net interest income was $634.32 million compared to $620.2 million for the year 2014. Net interest income after provision for loan losses was $605.59 million compared to $590.67 million for the year 2014. Income before income taxes was $383.57 million compared to $384.43 million for the year 2014. Net income was $266.98 million compared to $262.78 million for the year 2014. Net income attributable to Commerce Bancshares, Inc.was $263.73 million compared to $261.75 million for the year 2014. Net income available to common shareholders was $254.73 million compared to $257.7 million for the year 2014. Net income per diluted common share was $2.56 compared to $2.49 for the year 2014. Return on total average assets was 1.11% compared to 1.15% for the year 2014. Return on average common equity was 11.43% compared to 11.65% for the year 2014.

The company's net loan charge-offs totaled $9.2 million in the fourth quarter ended December 31, 2015, or 0.28% of average loans.