earnings
confidence high
sentiment neutral
materiality 0.60
Commerce Bancshares Q3 EPS $1.05 vs $1.06 YoY; trust fees +20.1%
COMMERCE BANCSHARES INC /MO/
2021-Q3 EPS reported
$3.54
- Diluted EPS $1.05, net income $122.6M vs $132.4M YoY.
- Trust fees $49.0M up 20.1% YoY; bank card fees $42.8M up 13% YoY.
- Net charge-offs $3.7M (0.10% annualized); non-performing assets $10.5M.
- Average loans down $731.5M QoQ (incl. $689M PPP forgiveness); avg deposits up $344M.
- Dividend $0.263/share (+2.1% YoY); repurchased 575,457 shares in Q3.