Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share of $.93
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Commerce Bancshares (CBSH) Tops Q4 EPS by 6c, Revenues Beat
January 22, 2020 6:01 AM ESTCommerce Bancshares (NASDAQ: CBSH) reported Q4 EPS of $0.93, $0.06 better than the analyst estimate of $0.87. Revenue for the quarter came in at $346.12 million versus the consensus estimate of $336.94 million.
In announcing these results, John Kemper, Chief Executive Officer, said, Commerce had a strong quarter, benefiting from continuing strength in the economy and in financial markets. We experienced 4% annualized average loan growth this quarter resulting from demand for business loans, primarily commercial and industrial loans, and residential mortgage loans.... More
