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Commerce: Q2 Earnings Snapshot

Last Updated Jul 22, 2021 at 4:14 am MDT

KANSAS CITY, Mo. (AP) _ Commerce Bancshares Inc. (CBSH) on Thursday reported second-quarter net income of $162.3 million.

The bank, based in Kansas City, Missouri, said it had earnings of $1.38 per share.

The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.02 per share.

The bank holding company posted revenue of $350.3 million in the period. Its revenue net of interest expense was $347.1 million, missing Street forecasts. Three analysts surveyed by Zacks expected $347.9 million.

Commerce shares have climbed 11% since the beginning of the year. The stock has increased 31% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBSH at https://www.zacks.com/ap/CBSH

The Associated Press