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 ...

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 ...