Key Details
Price
$62.30Last Dividend
$0.27Annual ROE
17.52%Beta
0.82Events Calendar
Next earnings date:
Jan 17, 2025Recent quarterly earnings:
Oct 17, 2024Recent annual earnings:
Jan 18, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Dec 03, 2024Next split:
N/ARecent split:
Dec 03, 2024Analyst ratings
Recent major analysts updates
Market Data
Dividend
Profitability
Efficiency
Valuation
Liquidity
Cash Flow
Institutional Ownership
Commerce Bancshares Inc. (CBSH) shares have been doing very well recently. Currently, the stock is close to its 52-week high of $72.74, which it reached during trading on Monday.
Commerce Bancshares will benefit from steady loan demand, higher interest rates, and attempts to increase fee income, even though they are facing challenges with asset quality and rising costs.
In the third quarter of 2024, CBSH reported an increase in expenses and a decrease in provisions.
On Thursday, October 17, four regional banks announced that their credit quality stayed strong in the third quarter, although they had different outcomes regarding the growth of lending and deposits. The banks that shared their third-quarter results were Commerce Bancshares, Huntington Bancshares, M&T Bank, and S&T Bancorp.
Commerce Bancshares (CBSH) reported quarterly earnings of $1.07 per share, which is higher than the Zacks Consensus Estimate of $1 per share. This is an increase compared to earnings of $0.91 per share from the same period last year.
KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. reported earnings of $1.07 per share for the quarter ending September 30, 2024, which is an increase from $0.92 per share during the same period last year and the same as the previous quarter. The net income for the third quarter of 2024 was $138.0 million, up from $120.6 million in the third quarter of 2023, but slightly down from $139.6 million in the previous quarter. For the nine months ending September 30, 2024, the earnings per share reached $3.00.
Commerce (CBSH) lacks the right mix of the two important factors needed for a potential earnings surprise in its next report. Be ready with the main expectations.
CBSH is in a good position for growth due to steady loan demand, high interest rates, and improvements in its financial structure. However, it faces challenges with poor asset quality and elevated costs.
This is a comparison of how Commerce Bancshares (CBSH) and Community Financial System (CBU) have done in relation to their industry this year.
Is Commerce Bancshares (CBSH) a strong choice for momentum investors? Let's take a closer look.
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