Commerce Bancshares (CBSH) Rides on Loan Amid Weak Asset Quality [Yahoo! Finance]
Commerce Bancshares, Inc. (CBSH)
Last commerce bancshares, inc. earnings: 4/28 06:00 am
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Source: Yahoo! Finance
Higher interest rates and a strong balance sheet position will continue to support its financials. However, elevated expenses and weak asset quality pose major near-term concerns. Commerce Bancshares is expanding organically. The company's revenues witnessed a five-year (2018-2023) compound annual growth rate (CAGR) of 3.5% despite recording a decline in 2020. The upside was primarily driven by solid loan balances (which witnessed a CAGR of 4% over the four-year period ended 2023) and strength in fee income sources. Decent loan demand and solid non-interest income performance will continue to aid CBSH's top-line growth. For 2024, we estimate total revenues to decline 1.2%. However, it will rebound and grow 2.8% and 1.7% in 2025 and 2026, respectively. The loan balance will rise 3.6% in 2024. With the current high interest rate environment, Commerce Bancshares' net yield on interest-earning assets is likely to improve in the upcoming quarters. In 2023, the metric expanded to 3.16
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CBSH
News
- Can Commerce (CBSH) Run Higher on Rising Earnings Estimates? [Yahoo! Finance]Yahoo! Finance
- Commerce Bancshares, Inc. Stock Repurchase Program [Yahoo! Finance]Yahoo! Finance
- Commerce Bancshares, Inc. Stock Repurchase ProgramBusiness Wire
- Commerce Bancshares, Inc. (NASDAQ: CBSH) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Commerce Bancshares, Inc. (NASDAQ: CBSH) had its price target raised by analysts at Piper Sandler from $53.00 to $54.00. They now have a "neutral" rating on the stock.MarketBeat
CBSH
Earnings
- 4/16/24 - Beat
CBSH
Sec Filings
- 4/18/24 - Form 8-K
- 4/16/24 - Form 8-K
- 3/27/24 - Form 4
- CBSH's page on the SEC website