Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share Of $.96
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Commerce Bancshares (CBSH) Tops Q2 EPS by 3c
July 16, 2019 6:01 AM EDTCommerce Bancshares (NASDAQ: CBSH) reported Q2 EPS of $0.96, $0.03 better than the analyst estimate of $0.93. Revenue for the quarter came in at $338.89 million versus the consensus estimate of $338 million.
In announcing these results, John Kemper, Chief Executive Officer, said, We are pleased to report strong earnings this quarter, driven by the performance of our diversified, fee-based businesses, focus on credit quality, and prudent expense management. Fee income totaled $127.3 million this quarter and represented 38% of our total revenue. The growth in our fee-based businesses reflects our commitment to delivering... More
