Welcome to our dedicated page for Commerce Bancs news (Ticker: CBSH), a resource for investors and traders seeking the latest updates and insights on Commerce Bancs stock.
Commerce Bancs (CBSH) provides essential financial services through its consumer, commercial, and wealth management divisions across Midwest communities. This dedicated news hub offers investors and stakeholders timely access point for all official announcements and market developments.
Track CBSH's latest earnings reports, leadership updates, and strategic initiatives through verified press releases. Our curated feed includes regulatory filings, product launches, and community partnership announcements – all organized for efficient research.
Key coverage areas include retail banking innovations, corporate lending expansions, and wealth management service enhancements. Users will find detailed reporting on mergers/acquisitions, dividend declarations, and governance changes impacting this regional banking leader.
Bookmark this page for streamlined monitoring of CBSH's financial trajectory. Combine our updates with SEC filings and earnings call transcripts available through Stock Titan's research tools for complete market analysis.
Commerce Bancshares reported earnings per share (EPS) of $1.07 for Q2 2024, a notable increase from $0.97 in Q2 2023 and $0.86 in Q1 2024. Net income for the quarter was $139.6 million, up from $127.8 million in the same period last year and $112.7 million in the prior quarter.
For the first six months of 2024, EPS totaled $1.93 compared to $1.88 in the same period last year, with net income at $252.2 million, up from $247.2 million.
Key metrics include a return on average assets of 1.67% and a return on average equity of 16.98% year-to-date. The net interest margin expanded by 22 basis points to 3.55%.
Revenue for Q2 2024 grew, with net interest income rising to $262.2 million and non-interest income to $152.2 million. Average loan balances increased to $17.2 billion, while total assets were $30.6 billion at quarter-end.
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that Visa Inc. accepted its 823,447 shares of Visa Class B-1 common stock in exchange for Visa Class B-2 and Visa Class C stock, resulting in a $175.5 million gain. The company plans to reposition $1.0 billion worth of debt securities to increase net interest income and improve securities quality.
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