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0 0.000608431116905634 0.00104302477183825 0.00130378096479784 -0.00217296827466319 -0.00356366797044773 -0.00417209908735336 -0.00312907431551499
Stock impact report

High Rates & Loan Demand Aid Commerce Bancshares Amid Rising Expenses [Yahoo! Finance]

Commerce Bancshares, Inc. (CBSH) 
Last commerce bancshares, inc. earnings: 4/28 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.commercebank.com/presentations
Company Research Source: Yahoo! Finance
CBSH remains well-positioned for growth on the back of decent loan demand, high rates and a solid balance sheet. However, deteriorating asset quality and an elevated expense base are headwinds. Commerce Bancshares' Tailwinds Solid Organic Growth Strategy: CBSH's organic expansion efforts have been driving its growth strategy. Revenues witnessed a five-year (2018-2023) compound annual growth rate (CAGR) of 3.5%. This growth was primarily driven by strong loan balances (which experienced a 4% CAGR over the four-year period ended 2023) and fee income sources. The uptrend continued for both revenues and loans in the six months of 2024 alongside an improvement in fee income. Revenue Growth Trend Image Source: Zacks Investment Research Decent loan demand alongside solid non-interest income performance is likely to drive top-line expansion. We estimate total revenues and net loans and leases to reflect a CAGR of 2.3% and 2.9% by 2026, respectively. High Rates & Balance Sheet Repo Show less Read more
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