Revenue Update on Commerce Bancshares(NASDAQ:CBSH)

Commerce Bancshares(NASDAQ:CBSH) announced the earnings results for Fiscal Year 2016 and Q1. The results came in during Pre-market on Apr 13, 2016. Company reported revenue of $282.80M. Analysts estimated a revenue of $282.40M. Earnings per share were $0.65. Analysts had estimated an EPS of $0.63.

Commerce Bancshares (CBSH) made into the market gainers list on Fridays trading session with the shares advancing 0.24% or 0.11 points. Due to strong positive momentum, the stock ended at $46.1, which is also near the day’s high of $46.22. The stock began the session at $46.21 and the volume stood at 4,82,862 shares. The 52-week high of the shares is $47.105 and the 52 week low is $37.44. The company has a current market capitalization of $4,460 M and it has 9,67,44,198 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Kevin G Barth (Executive Vice President) sold 5,881 shares at $44.90 per share price.Also, On Feb 9, 2016, David W Kemper (Chairman of the Board, CEO) sold 12,646 shares at $40.99 per share price.On Feb 9, 2016, Michael J Petrie (Senior Vice President) sold 1,538 shares at $40.75 per share price, according to the Form-4 filing with the securities and exchange commission.

Commerce Bancshares Inc. is a bank holding company of Commerce Bank (the Bank). The Company operates through three segments: Consumer Commercial and Wealth. The Consumer segment includes the retail branch network consumer installment lending personal mortgage banking consumer debit and credit bank card activities. It provides services through a network of 195 branches an automated teller machine (ATM) network of 392 machines and the use of alternative delivery channels such as online banking mobile and telephone banking services. The Commercial segment provides an array of corporate lending merchant and commercial bank card products leasing and international services as well as business and government deposit and cash management services. The Wealth segment provides trust and estate tax planning services brokerage services and advisory and discretionary investment portfolio management services to both personal and institutional corporate customers.

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