COMMERCE BANCORP INC (CBH) [Rocket]

In millions, except per share items	Dec-31-07	Dec-31-06	Dec-31-05	Dec-31-04	Dec-31-03
	10-K	10-K	10-K	10-K	10-K
Revenues	1,826.8	1,832.0	1,577.2	1,353.6	1,056.5
Revenue growth	-0.3%	16.2%	16.5%	28.1%
Cost of goods sold	0.0	0.0	0.0	0.0	0.0
Gross profit	1,826.8	1,832.0	1,577.2	1,353.6	1,056.5
Gross margin	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]	48.2	42.7	37.3	36.2	34.1
Sales and marketing	48.2	42.7	37.3	36.2	34.1
Other operating expenses	4,330.3	3,602.9	2,752.1	2,101.2	1,622.1
EBIT [+]	-2,551.6	-1,813.7	-1,212.2	-783.8	-599.7
EBIT growth	40.7%	49.6%	54.6%	30.7%
EBIT margin	-139.7%	-99.0%	-76.9%	-57.9%	-56.8%
Interest income, net [+]	1,043.8	1,021.0	902.9	813.3	641.3
Interest expense	690.1	495.1	252.7	95.3	50.7
Interest income	1,733.8	1,516.2	1,155.6	908.5	692.0
Other income (expense), net	1,723.5	1,268.9	740.1	385.4	251.5
Pre-tax income	215.6	476.2	430.8	414.8	293.1
Income taxes	75.3	176.9	147.9	141.4	98.8
Tax rate	34.9%	37.1%	34.3%	34.1%	33.7%
Net income	140.3	299.3	282.9	273.4	194.3
Net margin	7.7%	16.3%	17.9%	20.2%	18.4%

Basic EPS [+]	$0.73	$1.62	$1.70	$1.75	$1.37
Growth	-54.9%	-5.1%	-2.3%	27.7%
Diluted EPS [+]	$0.71	$1.55	$1.58	$1.58	$1.24
Growth	-54.3%	-2.2%	-0.3%	27.6%

Shares outstanding (basic) [+]	192.2	184.9	166.0	156.6	142.2
Growth	3.9%	11.4%	6.0%	10.2%
Shares outstanding (diluted) [+]	198.5	193.7	179.1	172.6	156.5
Growth	2.5%	8.1%	3.8%	10.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.