- Total Deposits: Commerce Bancshares reported total deposits of $25.24 billion, exceeding the estimate of $24.28 billion.
- Total Loans: The total loans stood at $17.09 billion, slightly below the expected $17.23 billion.
- Average Loans: Average loans amounted to $17.03 billion, falling short of the $17.2 billion estimate.
- Earnings Per Share (EPS): EPS reached $1.07, which is higher than the anticipated $1.00.
- Total Revenue: The company achieved $421.4 million in total revenue, surpassing the estimate of $418.5 million.
- Provision for Credit Losses: The provision for credit losses was $9.14 million, lower than the expected $13.6 million.
- Net Yield on Interest-Earning Assets: The net yield was 3.5%, closely aligning with the estimate of 3.52%.
- Efficiency Ratio: The efficiency ratio is reported at 56.3%.
- Net Charge-Offs: Net charge-offs were recorded at $9.58 million, below the projected $11.6 million.
- Effective Tax Rate: The effective tax rate was 21.7%.
- Analyst Ratings: The company received 1 buy, 5 hold, and 1 sell recommendations from analysts.
A look at Commerce Bancshares Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Commerce Bancshares, Inc., a bank holding company offering a wide range of banking services, including capital markets, trust services, investment management, and securities brokerage, seems to have a balanced outlook according to Smartkarma Smart Scores. The company scores a 3 in Value, Dividend, and Growth, indicating a moderate performance in these areas. Additionally, Commerce Bancshares earns a solid score of 4 in both Resilience and Momentum, suggesting a stronger ability to weather economic challenges and maintain positive growth momentum in the long term.
With operations in multiple states, Commerce Bancshares appears to have a stable foundation supported by its resilience and growth momentum, as reflected by the Smartkarma Smart Scores. Despite the moderate scores in Value, Dividend, and Growth, the company’s solid scores in Resilience and Momentum may position it well for long-term success in the banking sector. Investors may find Commerce Bancshares to be a reliable choice with potential for sustained growth and stability in the future.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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