Commerce Bancshares Inc reports results for the quarter ended March 31 - Earnings Summary

• Commerce Bancshares Inc CBSH.OQ reported quarterly adjusted earnings of 98 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 82 cents. The mean expectation of seven analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 86 cents to $1.00 per share.

• Revenue rose 7.6% to $428.05 million from a year ago; analysts expected $418.35 million.

• Commerce Bancshares Inc's reported EPS for the quarter was 98 cents​.

• The company reported quarterly net income of $131.59 million.

• Commerce Bancshares Inc shares had fallen by 5.6% this quarter and lost 5.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.3% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"

• Wall Street's median 12-month price target for Commerce Bancshares Inc is $66.75

This summary was machine generated from LSEG data April 16 at 11:01 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)