Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share of $.85
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Commerce Bancshares (CBSH) Misses Q1 EPS by 6c, Revenues Miss
April 11, 2019 6:03 AM EDTCommerce Bancshares (NASDAQ: CBSH) reported Q1 EPS of $0.85, $0.06 worse than the analyst estimate of $0.91. Revenue for the quarter came in at $324.73 million versus the consensus estimate of $336.2 million.
In announcing these results, John Kemper, Chief Executive Officer, said, While the U.S. economy remained solid and profits this quarter were strong at our Bank, we experienced only modest growth in average loans, driven mainly by the commercial category. Consumer lending was seasonally lower, especially in auto and... More
