FX.co ★ Commerce Bancshares Inc. Reveals Climb In Q3 Bottom Line, Beats Estimates

Commerce Bancshares Inc. (CBSH) announced an impressive increase in profit for the third quarter compared to the same period last year, surpassing analysts' expectations. The company reported a net income of $138.01 million, equating to $1.07 per share, compared to $120.60 million, or $0.92 per share, in the third quarter of the previous year.

Analysts, as surveyed by Thomson Reuters, had anticipated earnings of $1.00 per share on average, with their projections typically omitting extraordinary items.

In addition, the company's quarterly revenue experienced a 7.6% boost, reaching $421.38 million, up from $391.50 million in the prior year.

Key financial highlights for Commerce Bancshares Inc. under generally accepted accounting principles (GAAP) for the third quarter include:

- Earnings: $138.01 million, an increase from $120.60 million the previous year.

- Earnings per Share (EPS): $1.07, up from $0.92 last year.

- Revenue: $421.38 million, rising from $391.50 million the previous year.