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Commerce (CBSH) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
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Commerce Bancshares (CBSH - Free Report) reported $393.3 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.5%. EPS of $0.84 for the same period compares to $0.99 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $384.37 million, representing a surprise of +2.32%. The company delivered an EPS surprise of +2.44%, with the consensus EPS estimate being $0.82.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Commerce performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin (Net yield on interest earning assets): 3.2% compared to the 3.1% average estimate based on six analysts.
Efficiency Ratio: 63.8% versus 59.8% estimated by six analysts on average.
Average total interest earning assets: $31.34 billion versus $31.36 billion estimated by five analysts on average.
Annualized net loan charge-offs to total average loans: 0.2% versus 0.2% estimated by four analysts on average.
Tier I Leverage Ratio: 11.3% compared to the 11.2% average estimate based on three analysts.
Non-accrual loans: $7.31 million versus the two-analyst average estimate of $9.73 million.
Total Non-Interest Income: $144.88 million versus the six-analyst average estimate of $144.28 million.
Fully-taxable equivalent net interest income: $250.55 million versus the six-analyst average estimate of $241.41 million.
Trust fees: $49.15 million compared to the $48.80 million average estimate based on five analysts.
Bank card transaction fees: $47.88 million versus the five-analyst average estimate of $48.01 million.
Deposit account charges and other fees: $23.52 million versus $22.83 million estimated by five analysts on average.
Other non-interest (loss) income: $13.55 million versus the four-analyst average estimate of $14.85 million.
Shares of Commerce have returned -3.3% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Commerce (CBSH) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
Commerce Bancshares (CBSH - Free Report) reported $393.3 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 0.5%. EPS of $0.84 for the same period compares to $0.99 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $384.37 million, representing a surprise of +2.32%. The company delivered an EPS surprise of +2.44%, with the consensus EPS estimate being $0.82.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Commerce performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin (Net yield on interest earning assets): 3.2% compared to the 3.1% average estimate based on six analysts.
- Efficiency Ratio: 63.8% versus 59.8% estimated by six analysts on average.
- Average total interest earning assets: $31.34 billion versus $31.36 billion estimated by five analysts on average.
- Annualized net loan charge-offs to total average loans: 0.2% versus 0.2% estimated by four analysts on average.
- Tier I Leverage Ratio: 11.3% compared to the 11.2% average estimate based on three analysts.
- Non-accrual loans: $7.31 million versus the two-analyst average estimate of $9.73 million.
- Total Non-Interest Income: $144.88 million versus the six-analyst average estimate of $144.28 million.
- Fully-taxable equivalent net interest income: $250.55 million versus the six-analyst average estimate of $241.41 million.
- Trust fees: $49.15 million compared to the $48.80 million average estimate based on five analysts.
- Bank card transaction fees: $47.88 million versus the five-analyst average estimate of $48.01 million.
- Deposit account charges and other fees: $23.52 million versus $22.83 million estimated by five analysts on average.
- Other non-interest (loss) income: $13.55 million versus the four-analyst average estimate of $14.85 million.
View all Key Company Metrics for Commerce here>>>Shares of Commerce have returned -3.3% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.