trending Market Intelligence /marketintelligence/en/news-insights/trending/myyIBh1VsStP48ulAEpQbA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Commerce Bancshares reports higher loan loss provision, lower NIM in Q4'19

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


Commerce Bancshares reports higher loan loss provision, lower NIM in Q4'19

Kansas City, Mo.-based Commerce Bancshares Inc. reported net income available to common shareholders of $104.6 million, or 93 cents per share, for the fourth quarter of 2019, down from net income of $107.4 million, or 91 cents per share, in the 2018 fourth quarter.

The S&P Global Market Intelligence consensus estimate for GAAP EPS for the 2019 fourth quarter was 87 cents.

Net interest margin declined seven basis points to 3.36%, mainly due to lower rates on loans.

Total loans at the end of the fourth quarter of 2019 were $14.74 billion, compared to $14.46 billion at the end of the previous quarter and $14.14 billion at the end of the fourth quarter of 2018.

Total deposits at the end of the fourth quarter stood at $20.52 billion, compared to $20.31 billion at the end of the previous quarter and $20.32 billion at the end of the year-ago quarter.

Provision for loan losses was $15.2 million in the fourth quarter, compared with $11.0 million in the previous quarter and $12.3 million in the year-ago quarter.

For full year 2019, the company reported net income available to common shareholders of $412.2 million, or $3.58 per share, compared to $424.5 million, or $3.60 per share, in 2018

The S&P Global Market Intelligence consensus GAAP EPS estimate for full year 2019 was $3.53.