Jefferies Raises Price Target on Commerce Bancshares (CBSH) Following 2Q Results
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Commerce Bancshares, Inc. Announces Record Second Quarter Earnings Per Common Share of $.75
July 14, 2015 7:00 AM EDTKANSAS CITY, Mo.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. (NASDAQ: CBSH) announced record earnings of $.75 per common share for the three months ended June 30, 2015 compared to $.61 per share in the prior quarter and $.66 per share in the second quarter of 2014. Net income attributable to Commerce Bancshares, Inc. for the second quarter amounted to $74.4 million, compared to $61.1 million in the prior quarter and $66.5 million in the same quarter last year. For the quarter, the return on average assets was 1.26%, the return on average common equity was 12.9% and the efficiency ratio was 59.4%.
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