NASDAQ$CBSH
Commerce Bancshares Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Commerce Bancshares, Inc. reported an increase in earnings per share, driven by its diversified operating model and the team's growth mindset.
Commerce Bancshares, Inc. reported earnings of $1.07 per share for the third quarter of 2024, compared to $0.92 per share in the same quarter last year. Net income for the third quarter of 2024 amounted to $138.0 million, compared to $120.6 million in the third quarter of 2023.
- Net interest margin, excluding the impact of inflation income on treasury bonds, expanded four basis points from the prior quarter.
- Interest bearing deposit costs continue to flatten, increasing just one basis point this quarter when compared to the previous quarter, while average deposits increased slightly.
- Trust fees were strong and experienced continued growth, up 11.1% over the same period last year.
- Credit quality remains excellent, and the company continues to maintain strong levels of capital.
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 Q3 2024
-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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