Commerce Bancshares (CBSH) Stock Gains on Q4 Earnings Beat
merce Bancshares(CBSH) Zacks Investment Research·2024-01-19 16:46Shares of Commerce Bancshares Inc. (CBSH) gained 2.1% following the release of its fourth-quarter and 2023 results. Quarterly earnings per share of 84 cents surpassed the Zacks Consensus Estimate of 82 cents. However, the bottom line decreased 16% from the prior-year quarter.Results benefited from a rise in non-interest income and lower provisions. Also, the company recorded a sequential improvement in loan balances in the quarter. However, a decline in net interest income (NII) and higher expenses were the ...