Commerce Bancshares Inc. Q4 Profit Climbs, Beats Estimates

(RTTNews) - Commerce Bancshares Inc. (CBSH) released earnings for its fourth quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $136.11 million, or $1.01 per share. This compares with $109.22 million, or $0.79 per share, last year.

Analysts on average had expected the company to earn $0.94 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 7.3% to $422.08 million from $393.30 million last year.

Commerce Bancshares Inc. earnings at a glance (GAAP) :

-Earnings: $136.11 Mln. vs. $109.22 Mln. last year. -EPS: $1.01 vs. $0.79 last year. -Revenue: $422.08 Mln vs. $393.30 Mln last year.