Commerce Bancshares Q3 Results Top Estimates - Quick Facts

(RTTNews) - Commerce Bancshares, Inc. (CBSH) reported Tuesday net income attributable to Commerce Bancshares for the third quarter of $132.4 million or $1.11 per share, higher than $109.2 million or $0.93 per share last year.

On average, 9 analysts polled by Thomson Reuters expected the company to report earnings of $0.70 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter improved year-over-year to $345.53 million from $336.26 million. Analysts expected revenue of $333.87 million for the quarter.

Provision for credit losses plunged to $3.10 million from last year's $10.96 million. Total assets at September 30, 2020 were $31.5 billion, total loans were $16.4 billion, and total deposits were $25.7 billion.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


    Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

    Learn More