Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.86
Commerce Bancshares, Inc. (CBSH)
Last commerce bancshares, inc. earnings: 4/28 06:00 am
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Source: Business Wire
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $.86 per share for the three months ended March 31, 2024, compared to $.91 per share in the same quarter last year and $.84 per share in the fourth quarter of 2023. Net income for the first quarter of 2024 amounted to $112.7 million, compared to $119.5 million in the first quarter of 2023 and $109.2 million in the prior quarter.“Commerce delivered a strong financial performance for the first quarter,” said John Kemper, President and Chief Executive Officer. “Our results are a reflection of fundamental strength and a diversified business model, and evidence of our ability to perform well through economic cycles.“Although interest rates continue to be elevated and put downward pressure on bank balance sheets, Commerce's net interest income grew slightly over the previous quarter and our net interest margin expanded 16 basis points. Interest-bearing deposit costs increased just four basis points over t
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- Commerce Bancshares (CBSH) Rides on High Rates Amid Cost Woes [Yahoo! Finance]Yahoo! Finance
- Commerce Bancshares, Inc. (NASDAQ: CBSH) had its price target raised by analysts at Keefe, Bruyette & Woods from $58.00 to $60.00. They now have a "market perform" rating on the stock.MarketBeat
- Commerce Bancshares' (CBSH) Balance Sheet Revamp to Aid NII [Yahoo! Finance]Yahoo! Finance
CBSH
Earnings
- 4/16/24 - Beat
CBSH
Sec Filings
- 6/21/24 - Form 11-K
- 6/20/24 - Form 4
- 6/20/24 - Form 4
- CBSH's page on the SEC website