Commerce Bancshares Inc. Bottom Line Climbs 10% In Q1

(RTTNews) - Commerce Bancshares Inc. (CBSH) revealed a profit for its first quarter that advanced compared to the same period last year.

The company said its bottom line rose to $69.25 million, or $0.68 per share. This was higher than $63.12 million, or $0.62 per share, in last year's first quarter.

Analysts had expected the company to earn $0.65 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.4% to $295.34 million. This was up from $282.80 million last year.

Commerce Bancshares Inc. earnings at a glance:

-Earnings (Q1): $69.25 Mln. vs. $63.12 Mln. last year. -Earnings Growth (Y-o-Y): 9.7% -EPS (Q1): $0.68 vs. $0.62 last year. -EPS Growth (Y-o-Y): 9.7% -Analysts Estimate: $0.65 -Revenue (Q1): $295.34 Mln vs. $282.80 Mln last year. -Revenue Change (Y-o-Y): 4.4%