Commerce Bancshares, Inc. Reports First Quarter Earnings Per Share Of $.44
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Commerce Bancshares (CBSH) Misses Q1 EPS by 11c, Revenues Miss
April 28, 2020 6:12 AM EDTCommerce Bancshares (NASDAQ: CBSH) reported Q1 EPS of $0.44, $0.11 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $324.73 million versus the consensus estimate of $329.94 million.
In announcing these results, John Kemper, Chief Executive Officer, said, While the U.S. economy entered this quarter on solid footing, it is currently in an unprecedented state of uncertainty amid the global COVID-19 pandemic. Commerce is committed to being there for our customers in this difficult time. As part of this commitment, we are suspending foreclosure proceedings, offering fee waivers and providing relief through... More
