Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements. The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the n ...

Over the past 30 days, the Zacks Consensus Estimate for both 2024 and 2025 earnings has moved marginally upward. CBSH currently carries a Zacks Rank #2 (Buy). Earnings Growth: Commerce Bancshares witnessed earnings growth of 9% over the past three to five years. This was driven by the company's organic growth strategy, solid customer relationships and strong risk management. Our estimates for total revenues indicate 1.1%, 2.1% and 2.7% growth in 2024, 2025 and 2026, respectively. Commerce Bancshares, Inc. ( ...

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. 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 experienced a 4% CAGR over the four-year period ended 2023) and fe ...

Commerce Bancshares (CBSH) has announced a strategic repositioning of its balance sheet following the acceptance of a share exchange deal with Visa Inc. (V) .This January, in a Securities and Exchange Commission filing, Visa announced receipt of its shareholders' approval to amend its Certificate of Incorporation “that redenominated the Visa Class B common stock to Visa Class B-1 common stock.” The shareholders also authorized V to conduct one or more exchange offers. The company’s unique share structure – ...

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 March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | --- | --- | --- | |---------------------------------------|----------------------------------------------------- ...

Commerce Bancshares (CBSH) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.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 betwe ...

Shares of Commerce Bancshares Inc. (CBSH) gained 1.5% following the release of first-quarter 2024 results. Quarterly earnings per share of 86 cents surpassed the Zacks Consensus Estimate of 80 cents. However, the bottom line decreased 5.5% from the prior-year quarter.Results benefited from a rise in non-interest income and lower provisions, which were partially offset by net losses on investment securities. Also, the company recorded a sequential improvement in loan balances in the quarter. However, a decli ...

Commerce Bancshares, one of the Midwest’s strongest regional banks, joined the chorus of Q1 results reporting Tuesday (April 16) and sounded the theme of resiliency. Tipping its hat to the high interest rates and cautious consumer spending outlook that has dominated bank reporting over the past week, the company posted better than expected first-quarter earnings, citing solid consumer credit management as it continues to focus on liquidity.“Commerce delivered a strong financial performance for the first qua ...

For the quarter ended March 2024, Commerce Bancshares (CBSH) reported revenue of $397.85 million, up 2.2% over the same period last year. EPS came in at $0.86, compared to $0.90 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $385.9 million, representing a surprise of +3.10%. The company delivered an EPS surprise of +7.50%, with the consensus EPS estimate being $0.80.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall ...

Exhibit 99.1 COMMERCE BANCSHARES, INC. REPORTS FIRST QUARTER EARNINGS PER SHARE OF $.86 FOR IMMEDIATE RELEASE: Tuesday, April 16, 2024 "Commerce delivered a strong financial performance for the first quarter," said John Kemper, President and Chief Executive Officer. "Our results are a reflection of fundamental strength and a diversified business model, and evidence of our ability to perform well through economic cycles. "Our liquidity and capital levels remain robust, and credit performance remains excellen ...