Commerce Bancshares, Inc. Reports First Quarter Growth in Earnings Per Share of 10%
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Commerce Bancshares (CBSH) Tops Q1 EPS by 3c
April 13, 2017 7:01 AM EDTCommerce Bancshares (NASDAQ: CBSH) reported Q1 EPS of $0.68, $0.03 better than the analyst estimate of $0.65.
David W. Kemper, Chairman and CEO, said, "This quarter we continued to experience solid loan demand as average loans grew 8% annualized, with most of this growth occurring in our commercial lending business. Average deposits also grew $373 million, or 7% annualized, this quarter after strong growth in the previous quarter. Net interest income increased $14.5 million this quarter... More
