Commerce Bancshares Posts Q4 Earnings Beat
KANSAS CITY, Mo. - Commerce Bancshares Inc. (CBSH) reported fourth-quarter earnings of $136.1 million, exceeding Wall Street expectations. Earnings per share were $1.01, surpassing the Zacks consensus estimate of $0.94.
Revenue for the period reached $524.8 million, with net interest income of $422.1 million, also surpassing analysts' forecasts of $415.1 million.
For the full year, Commerce Bancshares reported a profit of $526.3 million, or $3.87 per share, on revenue of $1.66 billion.
CBSH shares have gained 5% year-to-date and 24% over the past 12 months.