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Published on 16 Apr 2024 on GuruFocus.com via Yahoo Finance

Commerce Bancshares Inc (CBSH) Earnings Beat Quarterly Estimates, Showcases Robust Financial Health


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Earnings Per Share: Reported at $0.86, surpassing the estimated $0.81.Net Income: Achieved $112.7 million, exceeding the estimated $106.42 million.Revenue: Total revenue reached $397.84 million, outperforming the estimated $390.36 million.Net Interest Income: Grew slightly over the previous quarter to $249 million.Non-Interest Income: Increased to $148.8 million, with trust fees growing by 12.7%.Efficiency Ratio: Improved to 61.7%, reflecting operational efficiency.Return on Average Assets and Equity: Stood at 1.48% and 15.39% respectively, indicating strong profitability.

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NASDAQ.CBSH price evolution
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