Commerce Bancshares (CBSH) Rides on High Rates Amid Cost Woes [Yahoo! Finance]
Commerce Bancshares, Inc. (CBSH)
Last commerce bancshares, inc. earnings: 4/28 06:00 am
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Source: Yahoo! Finance
However, deteriorating asset quality and an elevated expense base are headwinds. 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 metrics in the first quarter of 2024. Decent loan demand alongside solid non-interest income performance is likely to drive top-line expansion. We project total revenues to rise 1.1%, 2.1% and 2.7% in 2024, 2025 and 2026, respectively. Moreover, we anticipate the loan balance to witness a 6% CAGR by 2026. Amid the current high interest rate environment, Commerce Bancshares' net yield on interest-earning assets is likely to grow in the upcoming quarters. Yet, rising funding costs will exert pressure on it. In May 2024, the company announced a balance sheet repositioning
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CBSH
News
- Here's Why Commerce Bancshares (CBSH) is Worth Betting On [Yahoo! Finance]Yahoo! Finance
- Commerce Bancshares Nears Ex-Dividend Date: Is It Worth Buying Now? [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
- Commerce Bancshares, Inc. Announces Visa Inc.'s Acceptance of Class B-1 Common Stock and Investment Securities Repositioning [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