Commerce Bancshares (CBSH) Misses Q1 EPS by 11c, Revenues Miss

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Go back to Commerce Bancshares (CBSH) Misses Q1 EPS by 11c, Revenues Miss

Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share Of $.44

April 28, 2020 6:00 AM EDT

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.44 per common share for the three months ended March 31, 2020, compared to $.81 per share in the same quarter last year and $.93 per share in the fourth quarter of 2019. Net income attributable to Commerce Bancshares, Inc. for the first quarter of 2020 amounted to $51.9 million, compared to $97.1 million in the first quarter of 2019 and $106.9 million in the prior quarter. For the current quarter, the return on average assets was .80%, the return on average common equity was 6.48% and the efficiency ratio was... More