Commerce Bancshares, Inc. (CBSH) remains well-positioned for growth on the back of decent loan demand, high rates and a solid balance sheet. However, deteriorating asset quality and an elevated expense base are headwinds. Commerce Bancshares' Tailwinds Solid Organic Growth Strategy: CBSH's organic expansion efforts have been driving its growth strategy. Revenues witnessed a five-year (2018-2023) compound annual growth rate (CAGR) of 3.5%. This growth was primarily driven by strong loan balances (which exper ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Has Commerce Bancshares (CBSH) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question. Commerce Bancshares is one of 860 individual stocks in the Finance sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector g ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

Commerce Bancshares, Inc. (CBSH) is well-positioned for growth, given the decent loan demand, high interest rates and its balance sheet repositioning strategy. Moreover, solid liquidity and non-interest income growth will further support its financials. Over the past week, the Zacks Consensus Estimate for both 2024 and 2025 earnings has moved marginally upward to $3.94 and $3.89, respectively. CBSH currently sports a Zacks Rank #1 (Strong Buy). Year to date, shares of Commerce Bancshares have gained 16.2%, ...

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 June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |---------------------------------------|------------------------------------------------------ ...

The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this bank holding company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. Current-Quarter Estimate Revisions Current-Year Estimate Revisions Favorable Zacks Rank Commerce shares have added 1 ...

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Commerce Bancshares c ...

Commerce Bancshares saw its net income increase 9% year over year, driven in part by expanding net interest margin. Kemper added that the bank's net interest margin expansion of 22 basis points was due to a repositioning of some of its available for sale securities, asset repricing and inflation income on treasury bonds. "Credit quality across our entire loan portfolio remains excellent, with non-accrual loans at just 11 basis points of total loans," Kemper said. "Our earnings remained strong this quarter, ...

Exhibit 99.1 Second Quarter 2024 Financial Highlights: For the six months ended June 30, 2024, earnings per share totaled $1.93, compared to $1.88 for the first six months of 2023. Net income amounted to $252.2 million for the six months ended June 30, 2024, compared to $247.2 million in the comparable period last year. For the year to date, the return on average assets was 1.67%, and the return on average equity was 16.98%. Kemper added, "We are pleased to announce that the Company contributed $5.0 million ...

Commerce Bancshares (CBSH) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items. Commerce, which belongs to the Zacks Banks - Midwest industry, posted revenues of $414.49 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.01%. This compares to year-ago revenues of $397.14 million. The company has topped consens ...