Commerce Bancshares, Inc. (NASDAQ: CBSH) is well-positioned for growth, given the decent loan demand, high interest rates and its balance sheet repositioning strategy. Moreover, solid liquidity and non-interest income growth will further support its financials.
Over the past week, the Zacks Consensus Estimate for both 2024 and 2025 earnings has moved marginally upward to $3.94 and $3.89, respectively. CBSH currently sports a Zacks Rank #1 (Strong Buy).
Year to date, shares of Commerce Bancshares have gained 16.2%, outperforming the industry's growth of 9.2%.
Image Source: Zacks Investment Research
What Makes the Stock Worth Betting on
Earnings Growth: Commerce Bancshares witnessed earnings growth of 8.9% over the past three to five years. This was driven by the company's organic growth strategy, solid customer relationships and strong risk management.
Our projections for earnings indicate a 4.8%, 1% and 6% rise in 2024, 2025 and 2026, respectively.
Revenue Strength: Driven by growth in loan demand and fee income, Commerce Bancshares' total revenues ...
