Commerce Bancshares (CBSH) Tops Q1 EPS by 9c

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Go back to Commerce Bancshares (CBSH) Tops Q1 EPS by 9c

Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.97

April 19, 2022 6:00 AM EDT

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. announced earnings of $.97 per share for the three months ended March 31, 2022, compared to $1.06 per share in the same quarter last year and $.94 per share in the fourth quarter of 2021. Net income for the first quarter of 2022 amounted to $118.2 million, compared to $131.0 million in the first quarter of 2021 and $114.9 million in the prior quarter.

"Commerce had strong financial performance for the quarter, including an expanding net interest margin and increasing loan demand, said John Kemper, Chief Executive Officer. Loan demand increased across our commercial loan categories, reflecting higher seasonal business... More