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Commerce Bancshares Inc. reported 2024 net income of 526.3 million dollars, up 10.3 percent, driven by higher net interest and non-interest income. Assets reached 32 billion dollars, with strong liquidity and capital ratios exceeding well-capitalized levels. Diversified segments and conservative lending supported a 1.72 percent return on assets, despite rising charge-offs and economic risks in Midwest markets. Strategic securities sales improved future yields.

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