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Mar 31, 2021
Commerce Bank Q1 2021 Earnings Report
Commerce Bancshares, Inc. reported earnings of $1.11 per share.
Key Takeaways
Commerce Bancshares, Inc. reported a strong first quarter with earnings per share of $1.11 and net income of $131.0 million. The company saw strong performance from fee-based businesses and a decline in non-interest expense. Net income was aided by the release of reserves for credit losses on loans.
Earnings per share were $1.11 for the quarter, compared to $0.42 in the same quarter last year.
Net income for the quarter amounted to $131.0 million, compared to $51.9 million in the first quarter of 2020.
Fee-based businesses accounted for 40% of total revenue.
Non-interest expense declined compared to the same quarter last year.
Revenue by Segment
Forward Guidance
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include future financial and operating results, expectations, intentions and other statements that are not historical facts. Such statements are based on current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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