Commerce Bancshares Inc. (CBSH) revealed a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $138.01 million, or $1.07 per share. This compares with $120.60 million, or $0.92 per share, in last year's third quarter.
Analysts on average had expected the company to earn $1.00 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.6% to $421.38 million from $391.50 million last year.
Commerce Bancshares Inc. earnings at a glance (GAAP) :
-Earnings (Q3): $138.01 Mln. vs. $120.60 Mln. last year.
-EPS (Q3): $1.07 vs. $0.92 last year.
-Revenue (Q3): $421.38 Mln vs. $391.50 Mln last year.
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