Shares of Commerce Bancshares Inc. (NASDAQ: CBSH) gained 3% following the release of its second-quarter 2024 results. Quarterly earnings per share of $1.07 surpassed the Zacks Consensus Estimate of 90 cents. Also, the bottom line increased 10.3% from the prior-year quarter. Results benefited from a rise in net interest income (NII) and non-interest income. Also, lower provisions were a tailwind. The company recorded an increase in the capital ratios in the quarter. However, an increase in expenses hurt the results to some extent. Net income attributable to common shareholders was $139.6 million, up 9.2% year over year. Our estimate for the metric was $110.2 million. Revenues Improve, Expenses Rise Total revenues were $414.5 million, up 4.4% year over year. The top line also beat the Zacks Consensus Estimate of $402.4 million. NII was $262.2 million, up 5.1% year over year. Our estimate for NII was $252 million. Net yield on interest-earning assets expanded 43 basis points (bps) from the prior-year quarter to 3.55%. Non-interest income was $152.2 million, up 3.1% year over year. The rise was driven by an increase in almost all fee income components, except for bank card transaction fees, consumer brokerage services fees and other income. Our estimate for non-interest income was $144.7 million. Non-interest expenses increased 2% year over year to $232.2 ...