CBSH), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CBSH, following the Company's reporting of its financial results on July 13, 2017, for the second quarter fiscal 2017. The Company's revenue gained 6.1%, while its earnings per share jumped 14% on a y-o-y c. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CBSH. With the links below you can directly download the report of your stock of interest-free of charge at:

http://protraderdaily.com/optin/?symbol=CBSH

Earnings Reviewed

For three months ended June 30, 2017, CBSH's total revenue increased 6.1% to $305.89 million from $288.40 million in Q2 FY16. The Company's revenue surpassed analysts' expectations of $303.60 million for the reported quarter.

For the reported quarter, CBSH's net interest income increased 6.4% to $182.81 million, from $171.83 million in Q2 FY16. During Q2 FY17, the Company's net interest margin was 3.19%, reflecting an increase of 8 basis points on a y-o-y basis. The rise was attributable to an increase in interest earned on loan portfolio and stable funding cost.

During Q2 FY17, CBSH's non-interest income totaled $123.08 million, up 5.6% on a y-o-y basis. The increase was mainly driven by higher loan fees and sales, trust fees, and deposit account charges and other fees.

For the reported quarter, CBSH's non-interest expense increased to $184.6 million on a y-o-y basis. The increase was mainly due to a rise in salaries and employee benefit costs, deposit insurance, and data processing and software costs. During Q2 FY17, the Company's effective tax rate was 29.6% compared to 31.1% in Q2 FY16.

For the reported quarter, CBSH's net income increased 13% to $78.96 million from $69.89 million in Q2 FY16. The Company's EPS for Q2 FY17 increased 13.6% to $0.75 from $0.66 in the same quarter last year and came in ahead of Wall Street's expectation of $0.70 per share.

During Q2 FY17, the Company paid a cash dividend of $0.225 per common share and also paid a cash dividend of $2.3 million per preferred share. During Q2 FY17, the Company purchased 61,611 shares of treasury stock at an average price of $54.27.

Balance Sheet

As on June 17, 2017, CBSH's total loan increased by 4.1% to $13.63 billion from $13.09 billion in Q2 FY16. For the reported quarter, CBSH's total average available for sale investment securities decreased $57.0 million to $9.6 billion from Q1 FY17. The decline in investment securities was mainly the result of lower average balances of municipal, mortgage-backed and asset-backed securities.

As of June 30, 2017, CBSH's tier I leverage ratio was 9.87% compared to 9.36% in the same quarter last year. During Q2 FY17, the Company's tangible common equity to tangible assets ratio was 9.37% compared to 9.09% in Q2 FY16.

During Q2 FY17, the Company's return on average assets was 1.26% compared to 1.15% in the same quarter last year. CBSH's return on average common equity was 12.5% and the efficiency ratio was 60.2%.

Stock Performance

At the closing bell, on Friday, July 14, 2017, Commerce Bancshares' stock slightly dropped 0.02%, ending the trading session at $58.21. A total volume of 632.20 thousand shares has exchanged hands, which was higher than the 3-month average volume of 382.00 thousand shares. The Company's stock price surged 10.02% in the last three months, 1.62% in the past six months, and 24.79% in the previous twelve months. Moreover, the stock gained 0.69% since the start of the year. The stock is trading at a PE ratio of 21.78 and has a dividend yield of 1.55%. The stock currently has a market cap of $5.92 billion.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 468311

"/> Earnings Review and Free Research Report: Commerce Bancshares Reported better than Expected Revenue and EPS « MarketersMedia – Press Release Distribution Services – News Release Distribution Services

Earnings Review and Free Research Report: Commerce Bancshares Reported better than Expected Revenue and EPS

LONDON, UK / ACCESSWIRE / July 17, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Commerce Bancshares, Inc. (NASDAQ: CBSH), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CBSH, following the Company's reporting of its financial results on July 13, 2017, for the second quarter fiscal 2017. The Company's revenue gained 6.1%, while its earnings per share jumped 14% on a y-o-y c. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CBSH. With the links below you can directly download the report of your stock of interest-free of charge at:

http://protraderdaily.com/optin/?symbol=CBSH

Earnings Reviewed

For three months ended June 30, 2017, CBSH's total revenue increased 6.1% to $305.89 million from $288.40 million in Q2 FY16. The Company's revenue surpassed analysts' expectations of $303.60 million for the reported quarter.

For the reported quarter, CBSH's net interest income increased 6.4% to $182.81 million, from $171.83 million in Q2 FY16. During Q2 FY17, the Company's net interest margin was 3.19%, reflecting an increase of 8 basis points on a y-o-y basis. The rise was attributable to an increase in interest earned on loan portfolio and stable funding cost.

During Q2 FY17, CBSH's non-interest income totaled $123.08 million, up 5.6% on a y-o-y basis. The increase was mainly driven by higher loan fees and sales, trust fees, and deposit account charges and other fees.

For the reported quarter, CBSH's non-interest expense increased to $184.6 million on a y-o-y basis. The increase was mainly due to a rise in salaries and employee benefit costs, deposit insurance, and data processing and software costs. During Q2 FY17, the Company's effective tax rate was 29.6% compared to 31.1% in Q2 FY16.

For the reported quarter, CBSH's net income increased 13% to $78.96 million from $69.89 million in Q2 FY16. The Company's EPS for Q2 FY17 increased 13.6% to $0.75 from $0.66 in the same quarter last year and came in ahead of Wall Street's expectation of $0.70 per share.

During Q2 FY17, the Company paid a cash dividend of $0.225 per common share and also paid a cash dividend of $2.3 million per preferred share. During Q2 FY17, the Company purchased 61,611 shares of treasury stock at an average price of $54.27.

Balance Sheet

As on June 17, 2017, CBSH's total loan increased by 4.1% to $13.63 billion from $13.09 billion in Q2 FY16. For the reported quarter, CBSH's total average available for sale investment securities decreased $57.0 million to $9.6 billion from Q1 FY17. The decline in investment securities was mainly the result of lower average balances of municipal, mortgage-backed and asset-backed securities.

As of June 30, 2017, CBSH's tier I leverage ratio was 9.87% compared to 9.36% in the same quarter last year. During Q2 FY17, the Company's tangible common equity to tangible assets ratio was 9.37% compared to 9.09% in Q2 FY16.

During Q2 FY17, the Company's return on average assets was 1.26% compared to 1.15% in the same quarter last year. CBSH's return on average common equity was 12.5% and the efficiency ratio was 60.2%.

Stock Performance

At the closing bell, on Friday, July 14, 2017, Commerce Bancshares' stock slightly dropped 0.02%, ending the trading session at $58.21. A total volume of 632.20 thousand shares has exchanged hands, which was higher than the 3-month average volume of 382.00 thousand shares. The Company's stock price surged 10.02% in the last three months, 1.62% in the past six months, and 24.79% in the previous twelve months. Moreover, the stock gained 0.69% since the start of the year. The stock is trading at a PE ratio of 21.78 and has a dividend yield of 1.55%. The stock currently has a market cap of $5.92 billion.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 468311

LONDON, UK / ACCESSWIRE / July 17, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Commerce Bancshares, Inc. (NASDAQ: CBSH), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=CBSH, following the Company's reporting of its financial results on July 13, 2017, for the second quarter fiscal 2017. The Company's revenue gained 6.1%, while its earnings per share jumped 14% on a y-o-y c. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on CBSH. With the links below you can directly download the report of your stock of interest-free of charge at:

http://protraderdaily.com/optin/?symbol=CBSH

Earnings Reviewed

For three months ended June 30, 2017, CBSH's total revenue increased 6.1% to $305.89 million from $288.40 million in Q2 FY16. The Company's revenue surpassed analysts' expectations of $303.60 million for the reported quarter.

For the reported quarter, CBSH's net interest income increased 6.4% to $182.81 million, from $171.83 million in Q2 FY16. During Q2 FY17, the Company's net interest margin was 3.19%, reflecting an increase of 8 basis points on a y-o-y basis. The rise was attributable to an increase in interest earned on loan portfolio and stable funding cost.

During Q2 FY17, CBSH's non-interest income totaled $123.08 million, up 5.6% on a y-o-y basis. The increase was mainly driven by higher loan fees and sales, trust fees, and deposit account charges and other fees.

For the reported quarter, CBSH's non-interest expense increased to $184.6 million on a y-o-y basis. The increase was mainly due to a rise in salaries and employee benefit costs, deposit insurance, and data processing and software costs. During Q2 FY17, the Company's effective tax rate was 29.6% compared to 31.1% in Q2 FY16.

For the reported quarter, CBSH's net income increased 13% to $78.96 million from $69.89 million in Q2 FY16. The Company's EPS for Q2 FY17 increased 13.6% to $0.75 from $0.66 in the same quarter last year and came in ahead of Wall Street's expectation of $0.70 per share.

During Q2 FY17, the Company paid a cash dividend of $0.225 per common share and also paid a cash dividend of $2.3 million per preferred share. During Q2 FY17, the Company purchased 61,611 shares of treasury stock at an average price of $54.27.

Balance Sheet

As on June 17, 2017, CBSH's total loan increased by 4.1% to $13.63 billion from $13.09 billion in Q2 FY16. For the reported quarter, CBSH's total average available for sale investment securities decreased $57.0 million to $9.6 billion from Q1 FY17. The decline in investment securities was mainly the result of lower average balances of municipal, mortgage-backed and asset-backed securities.

As of June 30, 2017, CBSH's tier I leverage ratio was 9.87% compared to 9.36% in the same quarter last year. During Q2 FY17, the Company's tangible common equity to tangible assets ratio was 9.37% compared to 9.09% in Q2 FY16.

During Q2 FY17, the Company's return on average assets was 1.26% compared to 1.15% in the same quarter last year. CBSH's return on average common equity was 12.5% and the efficiency ratio was 60.2%.

Stock Performance

At the closing bell, on Friday, July 14, 2017, Commerce Bancshares' stock slightly dropped 0.02%, ending the trading session at $58.21. A total volume of 632.20 thousand shares has exchanged hands, which was higher than the 3-month average volume of 382.00 thousand shares. The Company's stock price surged 10.02% in the last three months, 1.62% in the past six months, and 24.79% in the previous twelve months. Moreover, the stock gained 0.69% since the start of the year. The stock is trading at a PE ratio of 21.78 and has a dividend yield of 1.55%. The stock currently has a market cap of $5.92 billion.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 468311

Source URL: https://marketersmedia.com/earnings-review-and-free-research-report-commerce-bancshares-reported-better-than-expected-revenue-and-eps/218091

Source: AccessWire

Release ID: 218091


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