Commerce Bancshares Inc. Bottom Line Advances In Q3

(RTTNews) - Commerce Bancshares Inc. (CBSH) revealed a profit for its third quarter that increased from last year.

The company's bottom line came in at $110.33 million, or $1.03 per share. This compares with $72.31 million, or $0.67 per share, in last year's third quarter.

Analysts had expected the company to earn $0.96 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 10.7% to $331.47 million from $299.48 million last year.

Commerce Bancshares Inc. earnings at a glance:

-Earnings (Q3): $110.33 Mln. vs. $72.31 Mln. last year. -EPS (Q3): $1.03 vs. $0.67 last year. -Analysts Estimate: $0.96 -Revenue (Q3): $331.47 Mln vs. $299.48 Mln last year.