Group 1 - Horace Mann Educators Corporation (HMN) has seen a 1.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and offers a dividend yield of 3.3%, significantly higher than the industry average of 1.7% [1] - Sony Group Corporation (SONY) has experienced a 3.4% increase in the Zacks Consensus Estimate for its current year earnings in the last 60 days, with a dividend yield of 1.9%, compared to the industry average of 0.0% [2] - Commerce Bancshares, Inc. (CBSH) has reported a 6.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days and has a dividend yield of 2.1%, also above the industry average of 0.0% [2][3]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market strategies and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score assesses a company's future growth potential based on earnings and sales [4] - Momentum Score tracks price trends to capitalize on upward or downward movements [5] - VGM Score combines all three styles to provide a comprehensive evaluation of stocks [6] Zacks Rank and Performance - The Zacks Rank is a proprietary model that uses earnings estimate revisions to help investors build successful portfolios [7] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +25.41% since 1988 [8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [9] Stock Highlight: Commerce Bancshares (CBSH) - Commerce Bancshares Inc. is a major bank holding company in Missouri, with operations across several states [11] - CBSH holds a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating strong investment potential [11] - The stock has a Momentum Style Score of A, with a 1.4% increase in share price over the past four weeks [12] - Recent upward revisions in earnings estimates for fiscal 2025 have increased the Zacks Consensus Estimate by $0.15 to $3.92 per share, with an average earnings surprise of 10.2% [12]

Core Insights - Zacks Premium provides tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1][2] - The Zacks Style Scores serve as complementary indicators to the Zacks Rank, helping investors identify stocks with high potential for market outperformance [2][7] Zacks Style Scores Overview - Stocks are rated based on value, growth, and momentum characteristics, with scores ranging from A to F, where A indicates the highest potential for outperformance [3] - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] Value Score - The Value Style Score identifies undervalued stocks by analyzing financial ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3] Growth Score - The Growth Style Score evaluates stocks based on projected and historical earnings, sales, and cash flow to find those with sustainable growth potential [4] Momentum Score - The Momentum Style Score assesses stocks based on price trends and earnings estimate changes, helping investors identify favorable buying opportunities [5] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investment strategies [6] Zacks Rank and Performance - The Zacks Rank, based on earnings estimate revisions, has shown strong performance, with 1 (Strong Buy) stocks averaging a +25.41% annual return since 1988, significantly outperforming the S&P 500 [8] Stock Selection Strategy - Investors are encouraged to select stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B to maximize potential returns [10] - The direction of earnings estimate revisions is crucial; stocks with lower ranks but high Style Scores may still face price declines [11] Company Spotlight: Commerce Bancshares (CBSH) - Commerce Bancshares Inc. is a major bank holding company in Missouri, with operations across several states [12] - CBSH holds a Zacks Rank of 3 (Hold) and a VGM Score of B, with a Momentum Style Score of A, indicating strong recent performance [12][13] - The stock has seen a 6.1% increase over the past four weeks, and analysts have revised earnings estimates upwards, suggesting positive momentum [13]

Core Viewpoint - The comparison between Huntington Bancshares (HBAN) and Commerce Bancshares (CBSH) indicates that HBAN is more attractive to value investors based on various financial metrics and rankings [1][3]. Group 1: Zacks Rank and Earnings Outlook - Huntington Bancshares has a Zacks Rank of 2 (Buy), while Commerce Bancshares has a Zacks Rank of 3 (Hold), suggesting a stronger earnings outlook for HBAN [3]. - The Zacks Rank system emphasizes companies with positive earnings estimate revisions, indicating that HBAN is likely experiencing a more favorable earnings outlook [3]. Group 2: Valuation Metrics - HBAN has a forward P/E ratio of 12.08, significantly lower than CBSH's forward P/E of 17.58, indicating that HBAN may be undervalued [5]. - The PEG ratio for HBAN is 1.39, while CBSH's PEG ratio is 3.64, further suggesting that HBAN offers better value considering its expected EPS growth rate [5]. - HBAN's P/B ratio stands at 1.38 compared to CBSH's P/B of 2.52, reinforcing the notion that HBAN is a more attractive investment based on valuation metrics [6]. Group 3: Overall Value Grade - Based on the analysis of various valuation metrics, HBAN holds a Value grade of B, while CBSH has a Value grade of C, indicating that HBAN is the superior value option at this time [6].

Commerce Bancshares Inc. (CBSH) reported fourth-quarter 2024 earnings per share of $1.01, which surpassed the Zacks Consensus Estimate of 94 cents. The bottom line also jumped 27.8% from the prior-year quarter.See the Zacks Earnings Calendar to stay ahead of market-making news.Results benefited from a rise in net interest income (NII) and non-interest income. Also, stable adjusted expenses posed a tailwind. However, a substantial jump in provisions hurt the results to some extent.Net income attributable to ...

Wealth Management Growth - Commerce Bancshares grew its wealth management business in Q4 through new initiatives targeting the market, contributing to revenue diversification [1] - The bank aims to expand its wealth management business by leveraging its private banking loan and deposit system, offering specialized products and services, and entering new concentrated wealth markets through acquisitions [2] - Strategies include expanding referrals with affluent households, enhancing sales and service processes, team development, and investing in digital tools for a seamless client experience [3] - Commerce Trust Company provides a full-service wealth management approach for high-net-worth individuals [4] Financial Performance - Net income in Q4 2023 was $136.1 million, up from $109.2 million YoY but slightly down from $138 million in the previous quarter [6] - Quarterly net interest income grew due to deposit and investment securities growth [7] - Non-interest income accounted for 36.8% of total revenue, with trust fees growing 14.6% YoY [7] Assets and Market Position - Assets under administration increased to $74.8 billion from $68.9 billion YoY [4] - The bank moved from 20th to 19th largest among bank-managed trust companies in terms of assets under management [5] Operational Footprint - The bank operates 142 branches and 253 ATMs across seven states [5] - Wealth management offices are located in Dallas, Houston, and Naples, Florida, outside its core banking footprint [5]

For the quarter ended December 2024, Commerce Bancshares (CBSH) reported revenue of $422.08 million, up 7.3% over the same period last year. EPS came in at $1.01, compared to $0.84 in the year-ago quarter.The reported revenue represents a surprise of +1.68% over the Zacks Consensus Estimate of $415.12 million. With the consensus EPS estimate being $0.94, the EPS surprise was +7.45%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

Financial Performance - Fourth quarter earnings per share were $1.01, up from $0.79 in the same quarter last year, and consistent with the previous quarter[1]. - Net income for the fourth quarter reached $136.1 million, compared to $109.2 million in Q4 2023 and $138.0 million in Q3 2024[1]. - Net income attributable to Commerce Bancshares, Inc. for Q3 2024 was $136,108,000, compared to $112,663,000 in Q3 2023, marking an increase of 20.9%[14]. - For the quarter ended December 31, 2024, net income was $136.1 million, a decrease from $138.0 million in the previous quarter but an increase from $109.2 million year-over-year[27]. Income and Revenue - Net interest income was $266.6 million, a $4.3 million increase from the prior quarter, with a net yield on interest-earning assets of 3.49%[5]. - Non-interest income totaled $155.4 million, an increase of $10.6 million over the same quarter last year, with trust fees growing by 14.6%[5]. - Non-interest income amounted to $155.4 million, a 7.3% increase year-over-year but a decrease of $3.6 million compared to the prior quarter[36]. - Net interest income for the three months ended September 30, 2024, was $266,647,000, an increase from $248,999,000 in the same period last year, representing a growth of 7.1%[14]. Assets and Deposits - Total average deposits increased by $588.1 million, or 2.4%, compared to the prior quarter, with an average rate paid on interest-bearing deposits of 1.87%[7]. - Total assets at December 31, 2024, were $32.0 billion, an increase of $503.0 million, or 1.6%, over the prior quarter[7]. - Total assets as of September 30, 2024, were $31,996,627,000, a slight increase from $31,701,061,000 year-over-year[18]. - Total deposits rose to $24,938,846 thousand, compared to $24,350,733 thousand in the previous quarter, indicating a growth of 2.41%[20]. Loans and Credit - The allowance for credit losses on loans increased by $1.9 million to $162.7 million, with a ratio of 0.95% of total loans[7]. - The provision for credit losses increased to $13,508,000 in Q3 2024 from $5,879,000 in Q3 2023, indicating a rise of 129.5%[14]. - Net loans stood at $16,909,432 thousand, reflecting a slight increase from $16,867,862 thousand in the prior quarter[20]. - Net loan charge-offs in Q4 2024 amounted to $10.7 million, an increase from $9.6 million in the prior quarter and $8.0 million in the same period last year, with an annualized charge-off ratio of 0.25%[46]. Expenses and Efficiency - Non-interest expense decreased by $15.5 million, or 6.2%, compared to the same quarter last year, totaling $235.7 million[5]. - The efficiency ratio improved to 55.77% in Q3 2024 from 63.80% in Q3 2023, indicating better cost management[14][15]. - Salaries and employee benefits expense increased by $6.4 million, or 4.3%, compared to the same quarter last year[43]. - Deposit insurance expense decreased by $17.1 million compared to the same period last year, primarily due to a $16.0 million accrual for a one-time special assessment by the FDIC in the prior year[44]. Shareholder Returns - The Company distributed a 5% stock dividend and paid a cash dividend of $0.27 per common share, reflecting a 5.1% increase over the same period last year[51]. - The Company purchased 683,528 shares of treasury stock at an average price of $67.88 during the current quarter[51]. Forward-Looking Statements - Forward-looking statements indicate that actual results may differ materially from expectations due to significant risks and uncertainties[52].

Commerce Bancshares (CBSH) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.45%. A quarter ago, it was expected that this bank holding company would post earnings of $1 per share when it actually produced earnings of $1.07, delivering a surprise of 7%.Over the last four quarters, the ...

Core Viewpoint - Commerce Bancshares (CBSH) is expected to report quarterly earnings of $0.94 per share, an increase of 11.9% year-over-year, with revenues projected at $415.12 million, reflecting a 5.6% increase compared to the same period last year [1] Earnings Estimates - The consensus EPS estimate has been revised down by 2.4% in the past 30 days, indicating a reassessment by analysts [2] - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock, with empirical research showing a strong correlation between earnings estimate trends and short-term stock price performance [3] Key Metrics - The consensus estimate for the Efficiency Ratio is 57.9%, down from 63.8% in the same quarter last year [5] - Analysts estimate the Net Interest Margin to be 3.5%, up from 3.2% year-over-year [5] - The estimated Average total interest earning assets are $30.01 billion, compared to $31.34 billion a year ago [6] - The Tier I Leverage Ratio is expected to reach 12.1%, up from 11.3% in the same quarter last year [6] Non-Interest Income and Fees - Non-accrual loans are estimated at $17.57 million, significantly higher than $7.31 million a year ago [7] - Total Non-Interest Income is projected to be $156.04 million, compared to $144.88 million last year [7] - Fully-taxable equivalent net interest income is expected to be $263.27 million, up from $250.55 million year-over-year [7] - Trust fees are forecasted to reach $55.18 million, compared to $49.15 million in the same quarter last year [8] - Bank card transaction fees are estimated at $48.73 million, slightly up from $47.88 million a year ago [8] - Deposit account charges and other fees are expected to be $25.41 million, compared to $23.52 million last year [8] Brokerage and Other Income - Consumer brokerage services are projected to reach $5.04 million, up from $3.64 million in the same quarter last year [9] - Other non-interest (loss) income is expected to be $15.03 million, compared to $13.55 million a year ago [9] Stock Performance - Shares of Commerce have returned +0.7% over the past month, contrasting with the Zacks S&P 500 composite's -3.3% change, indicating a potential alignment with overall market performance [10]