Commerce Bancshares Inc. Reports 6% Fall In Q3 Profit

(RTTNews) - Commerce Bancshares Inc. (CBSH) reported earnings for third quarter that fell from last year.

The company said its bottom line fell to $62.36 million, or $0.66 per share. This was lower than $66.39 million, or $0.69 per share, in last year's third quarter.

Analysts had expected the company to earn $0.71 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Commerce Bancshares Inc. earnings at a glance:

-Earnings (Q3): $62.36 Mln. vs. $66.39 Mln. last year. -Earnings Decline (Y-o-Y): -6.1% -EPS (Q3): $0.66 vs. $0.69 last year. -EPS Decline (Y-o-Y): -4.3% -Analysts Estimate: $0.71