Commerce Bancshares GAAP EPS of $1.08 beats by $0.01, revenue of $494.3M misses by $1.93M
- Commerce Bancshares press release (CBSH): Q3 GAAP EPS of $1.08 beats by $0.01.
- Revenue of $494.3M (+12.1% Y/Y) misses by $1.93M.
- Net interest income was $308.9 million, a $6.2 million decrease from the prior quarter. The net yield on interest earning assets decreased six basis points to 3.71%.
- Non-interest income totaled $185.5 million, an increase of $1.6 million, or .9%, over the prior quarter and was 37.5% of total revenue.
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