Commerce Bancshares Inc reports results for the quarter ended December 31 - Earnings Summary

Commerce Bancshares

22/01/2025 12:01

* Commerce Bancshares Inc  CBSH.OQ  reported quarterly
adjusted
earnings of $1.01​​ per share for the quarter ended December 31,
higher than the same quarter last year, when the company
reported EPS of 92 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 93 cents per
share. Wall Street expected results to range from 89 cents to 97
cents per share.
    * Revenue rose 7.3% to $422.08 million from a year ago;
analysts
expected $416.39 million. 
    * Commerce Bancshares Inc's reported EPS for the quarter was
$1.01​.
    * The company reported quarterly net income of $136.11
million.
    * Commerce Bancshares Inc shares had risen by 5.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Commerce
Bancshares Inc is $69.50 
This summary was machine generated from LSEG data January 22 at
12:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.93           1.01           Beat
 Sep. 30 2024      0.95           1.02           Beat
 Jun. 30 2024      0.86           1.02           Beat
 Mar. 31 2024      0.77           0.82           Beat