Commerce Bancshares Inc. (CBSH) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's earnings totaled $131.59 million, or $0.98 per share. This compares with $112.66 million, or $0.82 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 7.6% to $428.05 million from $397.85 million last year.
Commerce Bancshares Inc. earnings at a glance (GAAP) :
-Earnings: $131.59 Mln. vs. $112.66 Mln. last year.
-EPS: $0.98 vs. $0.82 last year.
-Revenue: $428.05 Mln vs. $397.85 Mln last year.
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