Commerce Bancshares (CBSH) Tops Q2 EPS by 5c
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Commerce Bancshares, Inc. Reports Second Quarter Growth in Earnings Per Share of 14%
July 13, 2017 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, 2017 compared to $.66 per share in the same quarter last year and $.68 per share in the prior quarter. Net income attributable to Commerce Bancshares, Inc. for the second quarter of 2017 amounted to $79.0 million, compared to $69.9 million in the second quarter of 2016 and $71.5 million in the prior quarter. For the quarter, the return on average assets was 1.26%, the return on average common equity was 12.5% and the efficiency ratio was 60.2%.... More
