Commerce Bancshares (CBSH) Tops Q1 EPS by 12c
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Commerce Bancshares, Inc. Reports Record First Quarter Earnings Per Share of $.92
April 12, 2018 6:00 AM EDTKANSAS CITY, Mo.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. (NASDAQ: CBSH) announced record earnings of $.92 per common share for the three months ended March 31, 2018, compared to $.65 per share in the same quarter last year and $.86 per share in the fourth quarter of 2017. Net income attributable to Commerce Bancshares, Inc. for the first quarter of 2018 amounted to $101.0 million, compared to $71.5 million in the first quarter of 2017 and $94.4 million in the prior quarter. For the current quarter, the return on average assets was 1.66%, the return on average common equity was 15.6% and the efficiency ratio was 58.2%.
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