Commerce Bancshares Inc. Reports Increase In Q1 Profit

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(RTTNews.com) - Commerce Bancshares Inc. ( CBSH ) revealed earnings for its first quarter that climbed from the same period last year.

The company's bottom line came in at $98.73 million, or $0.92 per share. This compares with $69.25 million, or $0.65 per share, in last year's first quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.6% to $312.58 million from $287.89 million last year.

Commerce Bancshares Inc. earnings at a glance:

-Earnings (Q1): $98.73 Mln. vs. $69.25 Mln. last year.
-EPS (Q1): $0.92 vs. $0.65 last year.
-Analysts Estimate: $0.80
-Revenue (Q1): $312.58 Mln vs. $287.89 Mln last year.

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Referenced Symbols: CBSH ,

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