Commerce Bancshares (CBSH) 8-K/A Results of Operations and Financial Condition

Exhibit 99.2

COMMERCE BANCSHARES, INC. and SUBSIDIARIES

CONSOLIDATED STATEMENTS OF INCOME

	For the Three Months Ended									For the Six Months Ended
(Unaudited) (In thousands, except per share data)	March 31, 2012			June 30, 2012			June 30, 2011			June 30, 2012			June 30, 2011
Interest income		$169,966			$174,624			$178,087			$344,590			$353,913
Interest expense	10,229			9,519			13,377			19,748			28,230
Net interest income	159,737			165,105			164,710			324,842			325,683
Provision for loan losses	8,165			5,215			12,188			13,380			27,977
Net interest income after provision for loan losses	151,572			159,890			152,522			311,462			297,706
NON-INTEREST INCOME
Bank card transaction fees	34,733			38,434			41,304			73,167			78,766
Trust fees	22,814			23,833			22,544			46,647			44,116
Deposit account charges and other fees	19,336			19,975			20,789			39,311			40,089
Capital market fees	6,871			5,010			4,979			11,881			9,699
Consumer brokerage services	2,526			2,576			2,880			5,102			5,543
Loan fees and sales	1,561			1,706			2,075			3,267			3,899
Other	6,742			9,282			6,773			16,024			15,138
Total non-interest income	94,583			100,816			101,344			195,399			197,250
INVESTMENT SECURITIES GAINS (LOSSES), NET
Impairment (losses) reversals on debt securities	5,587			3			(2,119		)	5,590			4,186
Noncredit-related losses (reversals) on securities not expected to be sold	(5,907		)	(353		)	1,469			(6,260		)	(5,110		)
Net impairment losses	(320		)	(350		)	(650		)	(670		)	(924		)
Realized gains on sales and fair value adjustments	4,360			1,686			2,606			6,046			4,207
Investment securities gains, net	4,040			1,336			1,956			5,376			3,283
NON-INTEREST EXPENSE
Salaries and employee benefits	89,543			87,511			84,223			177,054			171,615
Net occupancy	11,260			11,105			11,213			22,365			23,250
Equipment	5,189			4,999			5,702			10,188			11,279
Supplies and communication	5,613			5,667			5,692			11,280			11,224
Data processing and software	17,469			18,282			17,531			35,751			33,998
Marketing	3,822			4,469			4,495			8,291			8,753
Deposit insurance	2,520			2,618			2,780			5,138			7,671
Visa litigation	—			5,690			—			5,690			(1,359		)
Other	15,045			15,999			21,877			31,044			41,042
Total non-interest expense	150,461			156,340			153,513			306,801			307,473
Income before income taxes	99,734			105,702			102,309			205,436			190,766
Less income taxes	32,920			34,466			32,692			67,386			60,199
Net income	66,814			71,236			69,617			138,050			130,567
Less non-controlling interest expense	1,015			503			583			1,518			1,080
Net income attributable to Commerce Bancshares, Inc.		$65,799			$70,733			$69,034			$136,532			$129,487
Net income per common share — basic		$.74			$.80			$.76			$1.54			$1.42
Net income per common share — diluted		$.74			$.80			$.75			$1.54			$1.41