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 ...

Core Viewpoint - Commerce Bancshares, Inc. (CBSH) is positioned for growth due to strong loan demand, high rates, and a solid balance sheet, but faces challenges from weakening asset quality and rising expenses [1] Growth Factors - CBSH's organic growth has led to a revenue CAGR of 3.5% from 2018 to 2023, driven by a 4% CAGR in loan balances and strong fee income [2] - Projected revenue and net loans and leases CAGRs are 2.3% and 2.8% respectively by 2026 [2] Net Interest Income (NII) Support - Despite Federal Reserve interest rate cuts, high rates are expected to support CBSH's NII, although rising funding costs may exert pressure [3] - A balance sheet repositioning strategy announced in May 2024 aims to enhance NII by selling debt securities and reinvesting at higher yields [3] Yield on Interest-Earning Assets - CBSH's net yield on interest-earning assets increased from 2.85% in 2022 to 3.16% in 2023, with expectations of further increases to 3.44% in 2024, 3.47% in 2025, and 3.55% in 2026 [4] Balance Sheet and Capital Distributions - As of September 30, 2024, CBSH had total debt of $620 million and cash and deposits totaling $3.1 billion [5] - CBSH has maintained a 5% stock dividend for over 25 years and has a share repurchase program, with approximately 3.6 million shares available under authorization as of September 30, 2024 [6] Near-Term Challenges - CBSH is facing deteriorating asset quality, with a significant rise in provisions for credit losses in 2022 and 2023, expected to remain high in the near term [7] - Non-interest expenses have increased at a CAGR of 4.8% over the last five years, driven by higher salaries and benefits, with expectations of further increases of 3.5% and 4.8% in 2024 and 2025 respectively [8] Price Performance - CBSH shares have increased by 27.3% this year, underperforming the industry growth of 33.4% [9] Peer Comparison - Competitors such as Civista Bancshares (CIVB) and MidWestOne Financial Group (MOFG) have better rankings, with CIVB's shares gaining 41.5% and MOFG's shares increasing by 20% in the past three months [11][12]

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 ...

Company Overview - Commerce Bancshares (CBSH) is expected to report a year-over-year increase in earnings, with a projected EPS of $1, reflecting a +9.9% change, and revenues anticipated at $412.85 million, up 5.5% from the previous year [3][10] Earnings Expectations - The upcoming earnings report is scheduled for October 17, and the stock may rise if actual results exceed expectations, while a miss could lead to a decline [2][10] - The consensus EPS estimate has been revised 0.41% higher in the last 30 days, indicating a slight positive adjustment from analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates a negative reading of -0.33% for Commerce, suggesting analysts have become bearish on the company's earnings prospects [10] - Despite the negative Earnings ESP, the stock holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [10] Historical Performance - Commerce has a history of beating consensus EPS estimates, having surpassed expectations in the last four quarters, including a +18.89% surprise in the most recent quarter [11][12] Industry Context - In the broader context of the Zacks Banks - Midwest industry, Old Second Bancorp (OSBC) is expected to report earnings of $0.48 per share, reflecting a year-over-year decline of -12.7%, with revenues projected at $70.95 million, down 2.7% [16] - Old Second Bancorp's consensus EPS estimate has been revised down by 1.4% over the last 30 days, and it also has a negative Earnings ESP of -0.52%, indicating a challenging outlook for beating consensus estimates [17]