Commerce Bancshares Inc (CBSH) released its first quarter results yesterday. The company reported net earnings of $1.11 per share for the first quarter ending March 31, 2021. Earnings for this past quarter were up 164 percent compared to the same period a year ago.
The company was founded in 1865 and is headquartered in Kansas City, Missouri. Commerce Bancshares, Inc. operates as the bank holding company for Commerce Bank that provides retail, mortgage banking, corporate, investment, trust, and asset management products and services to individuals and businesses in the United States. It operates through three segments: Consumer, Commercial, and Wealth.
Commerce Bancshares's revenue remained unchanged over the past trailing twelve-month period versus the previous twelve-month period. Operating margins increased to 46.49% over the same period.
Overall liquidity of the balance sheet, as measured by the current ratio, decreased 85.83% this past year. The current ratio for Commerce Bancshares now stands at 0.18. The company decreased share outstanding by 0.23%.
Shares of CBSH are currently trading around $76.74. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 21.38 and price to book ratio of 2.7.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Friday, April 16, 2021.