Commerce Bancshares first-quarter total revenue was $475.7 million, exceeding the expected $474.4 million; earnings per share were $0.96. Bad debt provision was $11 million, below the expected $16.7 million. Net yield on interest-earning assets was 3.59%, slightly above the expected 3.56%. Commerce Bancshares stock fell nearly 7% in premarket trading
Commerce Bancshares first-quarter total revenue was $475.7 million, estimate $474.4 million. First-quarter earnings per share were $0.96. First-quarter bad debt provision was $11 million, estimate $16.7 million. First-quarter net yield on interest-earning assets was 3.59%, estimate 3.56%. Commerce Bancshares stock fell nearly 7% in premarket trading.