RTTNews | Jan 19, 2022 06:06AM EST

06:05 Wednesday, January 19, 2022 (RTTNews.com) - Commerce Bancshares Inc. (CBSH) reported a profit for fourth quarter that decreased from last year in line with the Street estimates.

The company's earnings came in at $114.91 million, or $0.94 per share. This compares with $129.89 million, or $1.05 per share, in last year's fourth quarter.

Analysts on average had expected the company to earn $0.94 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.0% to $355.36 million from $344.88 million last year.

Commerce Bancshares Inc. earnings at a glance (GAAP) :

-Earnings (Q4): $114.91 Mln. vs. $129.89 Mln. last year.-EPS (Q4): $0.94 vs. $1.05 last year.-Analyst Estimates: $0.94-Revenue (Q4): $355.36 Mln vs. $344.88 Mln last year.

Read the original article on RTTNews ( https://www.rttnews.com/3255854/commerce-bancshares-inc-q4-income-drops-in-line-with-estimates.aspx)

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