KANSAS CITY, Mo. (AP) _ Commerce Bancshares Inc. (CBSH) on Thursday reported first-quarter earnings of $71.5 million.
The bank, based in Kansas City, Missouri, said it had earnings of 68 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share.
The bank holding company posted revenue of $305.1 million in the period. Its adjusted revenue was $295.3 million, missing Street forecasts. Five analysts surveyed by Zacks expected $295.8 million.
Commerce shares have dropped 6 percent since the beginning of the year. The stock has climbed 28 percent in the last 12 months.
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
Keywords: Commerce Bancshares, Earnings Report
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