Commerce Bancshares Inc reports results for the quarter ended in June - Earnings Summary

Commerce Bancshares

21/07/2022 12:54

* Commerce Bancshares Inc  CBSH.OQ  reported quarterly
adjusted
earnings of 96 cents​​ per share for the quarter ended in June.
The mean expectation of seven analysts for the quarter was
for earnings of 95 cents per share.
    * Revenue rose 7.1% to $371.81 million from a year ago; 
analysts
expected $361.34 million. 
    * Commerce Bancshares Inc's reported EPS for the quarter was
96
cents​.
    * The mean earnings estimate of analysts had risen by
about 4.7%
in the last three months.​ 
    * In the last 30 days there have been no negative revisions
of
earnings estimates 
    * Commerce Bancshares Inc shares had risen by 3.4% this
quarter and lost 1.3% so far this year.
    * The company reported quarterly net income of $115.79
million.
    * Wall Street's median 12-month price target for Commerce
Bancshares Inc is $69.50 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and no "sell" or "strong sell." 

This summary was machine generated July 21 at 11:54 a.m.  ​All
figures in US dollars unless otherwise stated.
 QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.95           0.96           Beat
 Mar. 31 2022      0.88           0.97           Beat
 Dec. 31 2021      0.94           0.94           Met
 Sep. 30 2021      0.94           1.00           Beat
 This summary was machine generated from Refinitiv data July 21
at 11:54 a.m