Commerce BancsharesNASDAQ: CBSH

Commerce Bancshares Inc. CBSH shares have been performing remarkably well of late. At present, the stock is trading near its 52-week high of $72.74 hit during Monday's trading session.

Modest loan demand, relatively high rates and efforts to bolster fee income will support Commerce Bancshares amid poor asset quality and mounting expenses.

CBSH records a rise in expenses and lower provisions in the third quarter of 2024.

Four regional banks said Thursday (Oct. 17) that credit quality remained strong in the third quarter, while reporting mixed results in terms of growth in lending and deposits. Commerce Bancshares, Huntington Bancshares, M&T Bank and S&T Bancorp reported their third-quarter results Thursday.

Commerce Bancshares (CBSH) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.91 per share a year ago.

KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended September 30, 2024, compared to $.92 per share in the same quarter last year and $1.07 per share in the second quarter of 2024. Net income for the third quarter of 2024 amounted to $138.0 million, compared to $120.6 million in the third quarter of 2023 and $139.6 million in the prior quarter. For the nine months ended September 30, 2024, earnings per share totaled $3.00,.

Commerce (CBSH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

CBSH is well-poised for growth on modest loan demand, high rates and its balance sheet repositioning efforts. Yet, weak asset quality and high costs are woes.

Here is how Commerce Bancshares (CBSH) and Community Financial System (CBU) have performed compared to their sector so far this year.