Commerce Bancshares Inc. (CBSH) shares have been performing remarkably well of late. At present, the stock is trading near its 52-week high of $72.74 hit during Monday’s trading session. Over the past month, CBSH stock has risen 19.9%, outperforming the industry and the Zacks Finance Sector. Also, the company’s shares have performed better than its close peers — Bank OZK (OZK) and Old National Bancorp (ONB) .One-Month Price PerformanceImage Source: Zacks Investment ResearchDoes CBSH stock have more upside l ...

Commerce Bancshares, Inc. (CBSH) has been well-placed for growth on the back of decent loan demand, relatively high rates and a solid balance sheet. However, weakening asset quality and a steady rise in expenses are headwinds.Key Factors Fueling Growth of Commerce BancsharesOrganic Growth Story: CBSH’s organic expansion efforts have been driving its growth. Revenues witnessed a five-year (2018-2023) compound annual growth rate (CAGR) of 3.5%, which was largely driven by strong loan balances (which experienc ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ________________________________________________________ For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | --- | |---------------------------------------|------------------------------------------- ...

Commerce Bancshares Inc. (CBSH) reported its third-quarter 2024 earnings per share of $1.07, which surpassed the Zacks Consensus Estimate of $1. The bottom line also increased 16.3% from the prior-year quarter. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. 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 capital ratios in the quarter. However, an increase in expenses hur ...

Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in lending and deposits. Commerce Bancshares, Huntington Bancshares, M&T Bank and S&T Bancorp reported their third-quarter results Thursday. "Credit quality remains excellent," Commerce Bancshares President and CEO John Kemper said in a Thursday earnings release. Commerce Bancshares reported the ratio of non-accrual loans was flat compared to the previous qua ...

Commerce Bancshares (CBSH) reported $421.38 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.6%. EPS of $1.07 for the same period compares to $0.91 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $412.85 million, representing a surprise of +2.07%. The company delivered an EPS surprise of +7.00%, with the consensus EPS estimate being $1.00. While investors closely watch year-over-year changes in headline numbers -- revenue and e ...

Exhibit 99.1 Exhibit 99.1 CBSH 1000 Walnut Street / Suite 700 / Kansas City, Missouri 64106 / 816.234.2000 COMMERCE BANCSHARES, INC. REPORTS THIRD QUARTER EARNINGS PER SHARE OF $1.07 Third Quarter 2024 Financial Highlights: FOR IMMEDIATE RELEASE: Thursday, October 17, 2024 Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended September 30, 2024, compared to $.92 per share in the same quarter last year and $1.07 per share in the second quarter of 2024. Net income for the ...

Commerce Bancshares (CBSH) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7%. A quarter ago, it was expected that this bank holding company would post earnings of $0.90 per share when it actually produced earnings of $1.07, delivering a surprise of 18.89%. Over the last four quarters, ...

The upcoming report from Commerce Bancshares (CBSH) is expected to reveal quarterly earnings of $1 per share, indicating an increase of 9.9% compared to the year-ago period. Analysts forecast revenues of $412.85 million, representing an increase of 5.5% year over year. Over the last 30 days, there has been an upward revision of 0.4% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the ...

The market expects Commerce Bancshares (CBSH) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to ...