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Mar 31, 2022
Commerce Bank Q1 2022 Earnings Report
Commerce Bancshares, Inc. reported earnings for the first quarter of 2022, with an EPS of $0.97.
Key Takeaways
Commerce Bancshares, Inc. reported a net income of $118.2 million, with earnings per share of $0.97 for the first quarter of 2022. The company saw strong financial performance driven by an expanding net interest margin and increasing loan demand.
Net income for the first quarter of 2022 was $118.2 million, compared to $131.0 million in the same quarter last year.
Earnings per share were $.97 for the three months ended March 31, 2022, compared to $1.06 per share in the same quarter last year.
Net interest income was $208.8 million, with net interest margin increasing 2 basis points to 2.45%.
Non-interest income totaled $131.8 million, a decrease of $15.9 million compared to the prior quarter.
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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