Commerce Bancshares' Q4 Earnings & Revenues Beat, Provisions Soar

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 ...