Commerce Bancshares Inc. Q4 Earnings Rise 2%

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

The company said its bottom line rose to $61.46 million, or $0.63 per share. This was up from $60.48 million, or $0.60 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.4% to $278.38 million. This was up from $264.23 million last year.

Commerce Bancshares Inc. earnings at a glance:

-Earnings (Q4): $61.46 Mln. vs. $60.48 Mln. last year. -Earnings Growth (Y-o-Y): 1.6% -EPS (Q4): $0.63 vs. $0.60 last year. -EPS Growth (Y-o-Y): 5.0% -Analysts Estimate: $0.64 -Revenue (Q4): $278.38 Mln vs. $264.23 Mln last year. -Revenue Change (Y-o-Y): 5.4%