Commerce Bancshares Inc. (CBSH) released earnings for its fourth quarter that increased from last year and beat the Street estimates.
The company's bottom line came in at $136.11 million, or $1.01 per share. This compares with $109.22 million, or $0.79 per share, last year.
Analysts on average had expected the company to earn $0.94 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 7.3% to $422.08 million from $393.30 million last year.
Commerce Bancshares Inc. earnings at a glance (GAAP) :
-Earnings: $136.11 Mln. vs. $109.22 Mln. last year.
-EPS: $1.01 vs. $0.79 last year.
-Revenue: $422.08 Mln vs. $393.30 Mln last year.
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