CBSH - Commerce Bancshares GAAP EPS of $0.95 beats by $0.03 revenue of $389.24M in-line
2023-04-18 06:01:48 ET
- Commerce Bancshares press release ( NASDAQ: CBSH ): Q1 GAAP EPS of $0.95 beats by $0.03 .
- Revenue of $389.24M (+14.3% Y/Y) in-line.
- Net interest income was $251.6 million, a $3.0 million decrease from the prior quarter. The net yield on interest earning assets increased 8 basis points to 3.26%.
- Non-interest income totaled $137.6 million, an increase of $5.8 million compared to the same quarter last year.
- The allowance for credit losses on loans increased $9.2 million during the first quarter to $159.3 million, and at March 31, 2023, the ratio of the allowance for credit losses on loans to total loans was .96%, compared to .92% at December 31, 2022.
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Commerce Bancshares GAAP EPS of $0.95 beats by $0.03, revenue of $389.24M in-line