NASDAQ$CBSH

Commerce Bancshares Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Commerce Bancshares, Inc. reported earnings for the first quarter of 2022, with an EPS of $0.97.

Commerce Bancshares, Inc. reported a net income of $118.2 million, with earnings per share of $0.97 for the first quarter of 2022. The company saw strong financial performance driven by an expanding net interest margin and increasing loan demand.

  • Net income for the first quarter of 2022 was $118.2 million, compared to $131.0 million in the same quarter last year.
  • Earnings per share were $.97 for the three months ended March 31, 2022, compared to $1.06 per share in the same quarter last year.
  • Net interest income was $208.8 million, with net interest margin increasing 2 basis points to 2.45%.
  • Non-interest income totaled $131.8 million, a decrease of $15.9 million compared to the prior quarter.

Headline financials

Total Revenue

$0.00

Previous: $0.00
EPS (adj)

$0.88

Previous: $1.01-12.9%
Return on Avg Assets

1.3%

Previous: 1.6%-18.4%
Efficiency Ratio

60.3%

Previous: 56.4%+6.9%
Net Loan Charge-offs

0.1%

No prior period
Net Yield on Assets

2.5%

No prior period
Capital Expenditures

-$15.6M

Previous: -$10.7M-45.4%
Free Cash Flow

$103M

Previous: $120M-14.7%
Net Income

$118M

Previous: $131M-9.8%
Operating Income

-$57.4M

Previous: -$49.4M-16.1%
Gross Profit

-$10.7M

Previous: -$10.4M-3.2%
Cash & Equivalents

$1.61B

Previous: $2.38B-32.6%
Total Assets

$35B

Previous: $33.3B+5.2%
Stock-Based Comp

$4.22M

Previous: $3.93M+7.2%

Revenue & EPS history

Commerce Bank · Revenue · Quarterly

$0

Q1 2022
Beat estimate in 2 of 16 quarters(13%)
ActualEstimate

Revenue by segment

Commerce Bank · $135M total across 7 segments · Q4 2020

  • Trust Fees
    $42M+3.9%
  • Bank Card Fees
    $40M-2.7%
  • Deposit Account Fees
    $24.2M-3.2%
  • Other Income
    $12.2M-54.7%
  • Loan Fees and Sales
    $9.03M+160.6%
  • Brokerage Services
    $4M-3.5%
  • Capital Market Fees
    $3.83M+50.9%

Forward guidance

This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include future financial and operating results, expectations, intentions and other statements that are not historical facts. Such statements are based on current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.1%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+2.4%

Avg return

30 days after

49%

34 / 69 earnings

Positive

+9.8%

Q1 2020

Best reaction

-8.3%

Q2 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.1%-1.6%+1.5%
Q4 2025-1.3%-5.5%-2.0%
Q3 2025-7.6%-5.0%-5.5%
Q2 2025-0.2%-0.2%-3.8%
Q1 2025+2.2%-0.0%+11.7%
Q4 2024+0.2%+2.2%-2.3%
Q3 2024-0.6%+0.0%+16.1%
Q2 2024+2.5%+3.7%+0.4%
Q1 2024+3.6%+5.1%+9.8%
Q4 2023+5.1%+4.5%-0.7%
Q3 2023-5.9%-10.3%+2.7%
Q2 2023+3.1%+4.7%-1.4%
Q1 2023-3.7%-3.3%-12.0%
Q4 2022-1.4%-0.7%+0.8%
Q3 2022-4.1%-5.4%-1.5%
Q2 2022-0.6%+1.3%+8.2%
Q1 2022+3.7%+1.5%-6.6%
Q4 2021-5.8%-4.7%-2.7%
Q3 2021+1.2%+0.8%+2.0%
Q2 2021-1.3%-0.5%-4.0%
Q1 2021+0.1%-3.4%+3.9%
Q4 2020-4.1%-3.5%+4.0%
Q3 2020+4.8%+9.0%+17.2%
Q2 2020+2.2%+4.2%+5.0%
Q1 2020+9.8%+1.3%+11.1%
Q4 2019+1.8%+0.6%+3.0%
Q3 2019+3.4%+5.0%+9.3%
Q2 2019-1.3%+0.3%-4.2%
Q1 2019-1.4%-0.1%+0.7%
Q4 2018+3.2%+0.5%+4.0%
Q3 2018-5.3%-3.6%+2.7%
Q2 2018+1.7%+2.9%+4.6%
Q1 2018+5.7%+5.8%+10.2%
Q4 2017+2.7%+1.6%+1.7%
Q3 2017-2.9%-2.8%-5.0%
Q2 2017+3.5%+2.3%-1.8%
Q1 2017-0.5%-0.7%+1.4%
Q4 2016-2.1%-1.9%+5.8%
Q3 2016-2.7%-0.3%+11.9%
Q2 2016+1.0%-0.7%-0.5%
Q1 2016+3.8%
Q4 2015-2.5%
Q3 2015-4.3%
Q2 2015+1.8%
Q1 2015+1.4%
Q4 2014-0.8%
Q3 2014-3.9%
Q2 2014-1.6%
Q1 2014-6.6%
Q4 2013+0.1%
Q3 2013+1.4%
Q2 2013-0.0%
Q1 2013-2.7%
Q4 2011-2.2%
Q4 2012-0.5%
Q3 2012-3.7%
Q2 2012+4.1%
Q1 2012+0.3%
Q3 2011+0.3%
Q2 2011-8.3%
Q1 2010+1.5%
Q1 2011+2.1%
Q4 2010+2.2%
Q4 2009+2.2%
Q4 2008+2.2%
Q3 2009-1.4%
Q3 2010-1.4%
Q2 2010-0.3%
Q2 2009-0.3%

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