FreeTheAI

Commerce Bancshares Set to Report Q3 Earnings With Expectations for 11.9% Revenue Growth

NeutralMedium impact
CBSH$55.69 0.23%

Commerce Bancshares, Inc. (NASDAQ:CBSH) is scheduled to announce its third-quarter financial results on Tuesday before the market opens. Wall Street expects the regional bank to report year-over-year revenue growth of 11.9%, representing a notable acceleration from the 4.6% growth recorded in the same quarter last year. Analysts covering the firm have largely kept their estimates unchanged over the past month.

The upcoming report follows a solid prior quarter in which Commerce Bancshares generated $501.3 million in revenue, up 11.9% from a year earlier and above analyst projections. That performance included a narrow beat on net interest income, while tangible book value per share met expectations. Peers in the regional banking sector have shown modest gains, with Independent Bank reporting 7.4% revenue growth and Regions Financial posting a 2.6% top-line gain for the quarter.

Investors will watch whether the company can maintain its historic trend of meeting or exceeding revenue targets amid a challenging broader market. Regional bank shares have faced pressure recently, declining an average of 4.9% over the last month, though Commerce Bancshares has held up comparatively well with a 1.5% decline over the same period. Analysts maintain an average price target of $65.56 for the stock, which currently trades at $55.69.

Key points

  • Commerce Bancshares will release its third-quarter earnings report on Tuesday before the market opens.
  • Analysts expect Q3 revenue to grow 11.9% year-over-year, compared to 4.6% growth in the prior-year period.
  • Last quarter, the company reported revenue of $501.3 million, topping expectations with an 11.9% annual increase.
  • Over the last month, Commerce Bancshares stock fell 1.5%, outperforming the regional bank sector average loss of 4.9%.
  • The consensus analyst price target for Commerce Bancshares stands at $65.56 per share.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

How we writeDisclaimer

Questions and answers

When does Commerce Bancshares report Q3 earnings?

Commerce Bancshares is scheduled to release its third-quarter earnings report on Tuesday before market hours open.

What are Wall Street revenue growth expectations for Commerce Bancshares Q3?

Analysts expect Commerce Bancshares to achieve year-over-year revenue growth of 11.9% for the third quarter.

What is the analyst price target for Commerce Bancshares stock?

Wall Street analysts have an average price target of $65.56 for Commerce Bancshares, compared to its recent trading price of $55.69.