Commerce Bancshares Inc. (CBSH) reported first-quarter 2012 earnings of 75 cents per share, significantly ahead of the Zacks Consensus Estimate of 67 cents. However, after considering the losses on held-for-sale real estate property and certain incentives related to new bankcard network agreements, the company reported earnings per share of 74 cents.
This compares favorably with the prior quarter’s earnings of 69 cents per share and the year-ago quarter’s earnings of 66 cents.
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