💨 Abstract

Commerce Bancshares Inc. reported first-quarter net income of $131.6 million, exceeding Wall Street expectations with earnings of 98 cents per share. The bank's revenue net of interest expense was $428.1 million, also surpassing forecasts. Despite a 6% decline since the beginning of the year, the stock has risen 15% in the last 12 months.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖