Commerce Bancshares Inc. Q3 Earnings Advance 9%

(RTTNews) - Commerce Bancshares Inc. (CBSH) released a profit for its third quarter that increased compared to the same period last year.

The company said its bottom line totaled $72.31 million, or $0.71 per share. This was higher than $66.30 million, or $0.65 per share, in last year's third quarter.

Analysts had expected the company to earn $0.75 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 4.9% to $304.83 million. This was up from $290.56 million last year.

Commerce Bancshares Inc. earnings at a glance:

-Earnings (Q3): $72.31 Mln. vs. $66.30 Mln. last year. -Earnings Growth (Y-o-Y): 9.1% -EPS (Q3): $0.71 vs. $0.65 last year. -EPS Growth (Y-o-Y): 9.2% -Analysts Estimate: $0.75 -Revenue (Q3): $304.83 Mln vs. $290.56 Mln last year. -Revenue Change (Y-o-Y): 4.9%