Commerce Bancshares reports Q1 EPS 98c, consensus 94c

The ratio of annualized net loan charge-offs to average loans was .25% in the current and prior quarters. John Kemper, CEO, said, “These results are the product of strong execution against the backdrop of a relatively stable economy during the Q1.” Kemper continued, “Given recent news related to tariffs and trade restrictions, and in light of ongoing adjustment in capital markets, the outlook for the future is increasingly uncertain. Nonetheless, our franchise is well-positioned to weather any economic disruption, execute our long-term strategies, serve our customers and deliver value to our shareholders. Our credit profile remains strong, and capital and liquidity levels remain robust, supporting our ability to meet our customers’ borrowing, depository and service needs while ensuring the safety and soundness of the bank.”