Commerce Bancshares Q3 Earnings Beat Estimates - Quick Facts

(RTTNews) - Commerce Bancshares, Inc. (CBSH) Wednesday reported third-quarter earnings which were nearly flat with last year, amid a $3.5 million increase in provision for loans losses, but topped analysts' estimates by a penny.

Net earnings, attributable to the company, were $68.18 million, compared with $68.22 million a year ago. Per-share earnings increased to $0.72 from $0.71 a year earlier.

Analysts polled by Thomson-Reuters had a consensus earnings estimate of $0.71. Analysts' estimates typically exclude one-time items.

Net interest income was $154.72 million, nearly flat with last year. Including $7.65 million provision for credit losses, net interest income declined to $147.06 million from $150.56 million a year ago.