Commerce Bancshares Inc. Reports 13% Rise In Q2 Profit

(RTTNews) - Commerce Bancshares Inc. (CBSH) revealed earnings for its second quarter that rose from last year.

The company said its bottom line totaled $76.71 million, or $0.75 per share. This was up from $67.64 million, or $0.66 per share, in last year's second quarter.

Analysts had expected the company to earn $0.70 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 6.1% to $305.89 million. This was up from $288.40 million last year.

Commerce Bancshares Inc. earnings at a glance:

-Earnings (Q2): $76.71 Mln. vs. $67.64 Mln. last year. -Earnings Growth (Y-o-Y): 13.4% -EPS (Q2): $0.75 vs. $0.66 last year. -EPS Growth (Y-o-Y): 13.6% -Analysts Estimate: $0.70 -Revenue (Q2): $305.89 Mln vs. $288.40 Mln last year. -Revenue Change (Y-o-Y): 6.1%