Commerce Bancshares Inc
CBSH
ISIN US2005251036 / Valor 919912
Commerce Bancshares Inc
UMushroom community rating:
About company
Commerce Bancshares Inc is a longstanding financial institution that has been serving personal, business, and community banking needs for over 150 years. The company offers a wide range of financial services, including wealth management, estate planning, and investments through its affiliated companies. With a strong presence in Missouri, Kansas, Illinois, Colorado, and Oklahoma, Commerce has expanded its footprint and commercial offerings throughout the Midwest. The bank's commitment to building relationships based on trust and community support has solidified its reputation as a friendly and reliable banking partner.
Summarized from source with an LLMView SourceSector: FinanceLatest Results (20.12.2024):
Earnings Per Share
Commerce Bancshares, Inc. reported earnings per share of $1.07 for the second quarter of 2024. This marks an increase from $0.97 per share in the same quarter of the previous year and $0.86 per share in the first quarter of 2024.
Net Income
The company achieved a net income of $139.6 million for the second quarter of 2024, compared to $127.8 million in the second quarter of 2023 and $112.7 million in the prior quarter. For the first half of 2024, net income totaled $252.2 million, up from $247.2 million in the same period last year.
Revenue Growth
Commerce Bancshares, Inc. recorded total revenue of $414.5 million for the second quarter of 2024, an increase from $397.1 million in the same quarter of the previous year. The growth was driven by higher net interest income and non-interest income.
Net Interest Income
Net interest income for the second quarter of 2024 was $262.2 million, reflecting a $13.3 million increase over the prior quarter. The net yield on interest-earning assets rose by 22 basis points to 3.55% during this period.
Non-Interest Income
Non-interest income for Commerce Bancshares, Inc. in the second quarter of 2024 amounted to $152.2 million, up by $4.6 million compared to the same quarter last year. This increase was primarily due to higher trust fees and deposit account fees.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
8458 M
Market cap (USD)
577,055
Daily traded volume (Shares)
62.73 / 62.1
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
Est P/E ratio
EPS (USD)
Est EPS (USD)
Ratings & reviews
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