NASDAQ$CBSH
Commerce Bancshares Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Commerce Bancshares, Inc. reported earnings of $.95 per share, with net income of $119.5 million.
Commerce Bancshares, Inc. reported first quarter earnings with earnings per share of $0.95 and net income of $119.5 million. The company saw an increase in average loan balances and a decrease in average deposits. The net yield on interest earning assets increased to 3.26%.
- Earnings per share were $.95, compared to $.92 in the same quarter last year.
- Net income for the first quarter amounted to $119.5 million, compared to $118.2 million in the first quarter of 2022.
- Net interest income was $251.6 million, a $3.0 million decrease from the prior quarter.
- Non-interest income totaled $137.6 million, an increase of $5.8 million compared to the same quarter last year.
Headline financials
Revenue & EPS history
Commerce Bank · Revenue · Quarterly
$0
Revenue by segment
Commerce Bank · $135M total across 7 segments · Q4 2020
- Trust Fees$42M+3.9%31.1%
- Bank Card Fees$40M-2.7%29.6%
- Deposit Account Fees$24.2M-3.2%17.9%
- Other Income$12.2M-54.7%9.0%
- Loan Fees and Sales$9.03M+160.6%6.7%
- Brokerage Services$4M-3.5%3.0%
- Capital Market Fees$3.83M+50.9%2.8%
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 2023
-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
| Quarter | Report date | Reaction (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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