Commerce Bancshares, Inc. (CBSH) is currently priced at $51.55, showing a price increase of 52.88 cents (1.04%) from the previous close of $51.02. The trading volume is $174,206, which is 13.05% higher than average.
In the latest quarterly earnings report released on Monday, April 20th, CBSH exceeded expectations with a consensus estimate EPS of 0.94. The company reported revenue of $478 million.
CBSH offers a forward dividend yield of 2.13%. The dividend per share MRQ is 27.5 cents, with a year-over-year decrease of 18.5185 cents, and a trailing twelve months dividend per share of $1.1.
Cowen & Co. issued a Hold grade for CBSH on April 23, with a price of $50.6 when published.
CBSH generated a free cash flow of $230.47 million. Notably, the company repurchased common stock worth $115.30 million, leading to a net increase in cash of $593.49 million.
With a revenue of $584 million and a gross profit of $476.38 million, CBSH maintained a net income of $141.62 million, resulting in an EPS of 97 cents.
Key financial ratios include a net profit margin of 24.25%, return on equity of 3.29%, and a price to earnings ratio of 12.67.
CBSH shows total assets of $35.72 billion, total liabilities of $31.39 billion, and net debt of $2 billion.
This comprehensive financial report provides insights into CBSH's performance and financial health.
Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth. The Consumer segment offers various banking products and services, including consumer deposits; consumer loans, such as automobile, motorcycle, marine, tractor/trailer, recreational vehicle, fixed rate and revolving home equity, and other consumer loans; patient health care financing; real estate loans; indirect and other consumer financing; personal mortgage banking; consumer installment lending; and consumer debit and credit bank cards. The Commercial segment provides corporate lending, leasing, international, merchant and commercial bank card, and securities safekeeping and bond accounting services; and business products, government deposits, and related commercial cash management services, as well as sells fixed income securities to correspondent banks, corporations, public institutions, municipalities, and individuals. The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment portfolio management, and brokerage services, as well as private banking accounts. The company also offers private equity investment, securities brokerage, insurance agency, specialty lending, and leasing services, as well as online and mobile banking services. It operates through a network of 287 locations in Missouri, Kansas, Illinois, Oklahoma, and Colorado, as well as commercial offices. Commerce Bancshares, Inc. was founded in 1865 and is headquartered in Kansas City, Missouri.