Commerce Bancshares Inc. Reveals 6% Gain In Q3 Bottom Line

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

The company said its bottom line advanced to $66.30 million, or $0.68 per share. This was higher than $62.36 million, or $0.63 per share, in last year's third quarter.

Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.3% to $290.56 million. This was up from $273.33 million last year.

Commerce Bancshares Inc. earnings at a glance:

-Earnings (Q3): $66.30 Mln. vs. $62.36 Mln. last year. -Earnings Growth (Y-o-Y): 6.3% -EPS (Q3): $0.68 vs. $0.63 last year. -EPS Growth (Y-o-Y): 7.9% -Analysts Estimate: $0.70 -Revenue (Q3): $290.56 Mln vs. $273.33 Mln last year. -Revenue Change (Y-o-Y): 6.3%