Commerce Bancshares (CBSH) Tops Q4 EPS by 3c
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Commerce Bancshares, Inc. Reports Fourth Quarter Earnings Per Share Of $1.04
January 19, 2023 6:00 AM ESTKANSAS CITY, Mo.--(BUSINESS WIRE)-- Commerce Bancshares, Inc. announced earnings of $1.04 per share for the three months ended December 31, 2022, compared to $.90 per share in the same quarter last year and $.97 per share in the third quarter of 2022. Net income for the fourth quarter of 2022 amounted to $131.6 million, compared to $114.9 million in the fourth quarter of 2021 and $122.8 million in the prior quarter.
The company delivered strong results in the fourth quarter, said John Kemper, President and Chief Executive Officer. Loan growth, margin expansion, and resilient fee-based income all contributed to record quarterly revenue. Taking stock of where we... More
