Commerce Bancshares, Inc. Reports Third Quarter Earnings Per Share of $.98
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Commerce Bancshares (CBSH) Tops Q3 EPS by 6c
October 16, 2019 6:01 AM EDTCommerce Bancshares (NASDAQ: CBSH) reported Q3 EPS of $0.98, $0.06 better than the analyst estimate of $0.92. Revenue for the quarter came in at $336.26 million versus the consensus estimate of $337.57 million.
In announcing these results, John Kemper, Chief Executive Officer, said, We are pleased to announce another quarter of strong operating results, driven by growth in our diversified, fee-based businesses. Fee income totaled $132.7 million this quarter and represented 39% of our total revenue. Compared to the same period last year, fee income grew 7.3%, driven mainly by increases... More
