Commerce Bancshares' Q3 Earnings Beat Estimates, Revenues Rise Y/Y

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 ...