Commerce Bancshares (CBSH) Stock Gains on Q4 Earnings Beat [Yahoo! Finance]
Commerce Bancshares, Inc. (CBSH)
Last commerce bancshares, inc. earnings: 4/28 06:00 am
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US:NASDAQ Investor Relations:
investor.commercebank.com/presentations
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Source: Yahoo! Finance
Quarterly earnings per share of 84 cents surpassed the Zacks Consensus Estimate of 82 cents. However, the bottom line decreased 16% from the prior-year quarter. Results benefited from a rise in non-interest income and lower provisions. 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 $109.2 million, down 17% year over year. Our estimate for the metric was pegged at $98 million. For 2023, earnings were $3.64 per share, surpassing the Zacks Consensus Estimate of $3.62. The bottom line declined marginally from the previous year. Net income attributable to common shareholders was $477.1 million, down 2.3% year over year. Our estimate for the metric was $465.8 million. Revenues Improve Marginally, Expenses Rise Total quarterly revenues were $393.3 million, up marginally year over year. The top line als
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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