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KANSAS CITY, Mo. (AP) — KANSAS CITY, Mo. (AP) — Commerce Bancshares Inc. (CBSH) on Wednesday reported fourth-quarter earnings of $136.1 million.
The Kansas City, Missouri-based bank said it had earnings of $1.01 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 94 cents per share.
The bank holding company posted revenue of $524.8 million in the period. Its revenue net of interest expense was $422.1 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $415.1 million.
For the year, the company reported profit of $526.3 million, or $3.87 per share. Revenue was reported as $1.66 billion.
Commerce shares have increased 5% since the beginning of the year. The stock has climbed 24% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBSH at https://www.zacks.com/ap/CBSH