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-0.000940203083866062 -0.00131628431741257 -0.000564121850319557 0.000376081233546505 -0.00150432493418575 -0.00272658894321166 -0.00282060925159832 0.00131628431741257
Stock impact report

Commerce Bancshares (CBSH) Stock Gains on Q1 Earnings Beat [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
Quarterly earnings per share of 86 cents surpassed the Zacks Consensus Estimate of 80 cents. However, the bottom line decreased 5.5% from the prior-year quarter. Results benefited from a rise in non-interest income and lower provisions, which were partially offset by net losses on investment securities. Also, the company recorded a sequential improvement in loan balances in the quarter. However, a decline in net interest income (NII) and higher expenses were the major headwinds. Net income attributable to common shareholders was $112.7 million, down 5.7% year over year. Our estimate for the metric was $99.9 million. Revenues Improve but Expenses Rise Total quarterly revenues were $397.8 million, up 2.2% year over year. The top line also beat the Zacks Consensus Estimate of $385.9 million. NII was $249 million, down 1%. Our estimate for NII was $242.8 million. Net yield on interest-earning assets expanded 7 basis points (bps) from the prior-year quarter to 3.33%. Non-inte Show less Read more
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