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

Commerce Bancshares

18/04/2023 12:01

* Commerce Bancshares Inc  CBSH.OQ  reported quarterly
adjusted
earnings of 95 cents​​ per share for the quarter ended in March.
The mean expectation of seven analysts for the quarter was
for earnings of 92 cents per share.
    * Revenue rose 14.3% to $389.24 million from a year ago;
analysts
expected $388.83 million. 
    * Commerce Bancshares Inc's reported EPS for the quarter was
95
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.5%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * Commerce Bancshares Inc shares had fallen by 3.3% this
quarter and lost 17.1% so far this year.
    * The company reported quarterly net income of $119.45
million.
    * Wall Street's median 12-month price target for Commerce
Bancshares Inc is $60.50 
    * 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 from LSEG Refinitiv data
April 18 at 11:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.92           0.95           Beat
 Dec. 31 2022      1.03           1.04           Beat
 Sep. 30 2022      0.98           0.97           Missed
 Jun. 30 2022      0.91           0.91           Met