Commerce Bancshares Annual Income Statement (NASDAQ:CBSH)

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$56.51 $1.71 (3.12%) CBSH stock closing price Mar 30, 2017 (Closing)

Financial statements provide us with a way to gain insights and undertake the fundamental analysis of a company. Checking Commerce Bancshares stock price alone is not sufficient. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. Like any other income statement, the CBSH income statement also itemizes revenue, operating expenses, and profits for a quarter or year and reflects a YoY revenue growth of $71.1M when compared to the same period in the past. Along with Commerce Bancshares assets and Commerce Bancshares free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have increased from $263.73M YoY and 2016 revenue is $1.19B. Commerce Bancshares revenue for 2016 is $1.19B. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Commerce Bancshares Net Sales or Revenues
1.19B1.12B1.1B1.06B1.08B1.1B1.13B1.18B1.26B1.31B
Cost Of Goods Sold (COGS)25.72M22.66M23.58M26.74M33.77M46.48M66.01M118.78M194.12M300.79M
Commerce Bancshares Gross Profit
1.16B1.09B1.07B1.04B1.05B1.06B1.07B1.06B1.06B1.01B
Research & Development Expense----------
Selling General & Admin Expense753.38M704.62M687.3M649.98M645.75M668.76M731.13M782.75M725.01M617.49M
Income Before Depreciation Depletion Amortization408.28M389M387.5M387.52M402.89M386.45M335.65M277.35M336.72M389.4M
Depreciation Depletion Amortization----------
Non Operating Income---------8.23M
Interest Expense7.28M5.43M4.5M4.17M4.28M5.42M17.53M35.22M62.99M97.23M
Commerce Bancshares Pretax Income
401M383.56M383M383.34M398.6M381.03M318.12M242.13M273.73M300.39M
Provision for Income Taxes124.15M116.59M120.21M122.23M127.16M121.41M96.24M73.75M85.07M93.73M
Minority Interest1.46M3.24M1.03M0.15M2.11M3.28M0.16M-0.7M--
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations276.85M266.97M262.78M261.11M271.43M259.62M221.87M168.37M188.65M206.66M
Extraordinary Items & Discontinued Operations----------
Commerce Bancshares Net Income (Profit/Loss)
275.39M263.73M261.75M260.96M269.32M256.34M221.71M169.07M188.65M206.66M
Average Shares used to compute Diluted EPS100.5M104.48M107.37M110.66M112.5M115.61M117.9M114.93M114.65M112.1M
Average Shares used to compute Basic EPS100.5M104.48M107.37M110.66M112.5M115.61M117.1M114.93M114.65M112.1M
Income Before Nonrecurring Items275.39M263.73M261.75M260.96M269.33M256.34M229.49M173.2M173.2M219.55M
Income from Nonrecurring Items-------7.78M-4.12M-4.12M-12.89M
Commerce Bancshares Earnings Per Share Basic Net
2.622.442.382.362.392.221.901.471.481.84
Commerce Bancshares Earnings Per Share Diluted Net
2.612.442.372.352.392.211.881.471.481.82
EPS Diluted Before Nonrecurring Items2.612.442.372.352.392.211.951.511.511.93
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.870.830.790.751.960.700.680.660.650.62
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Commerce Bancshares stock analysis. An investor must check the following items in an income statement:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that CBSH stock has a topline or revenue of $1.19B for 2016 as per this Commerce Bancshares revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $1.19B - other expenses = $275.39M for CBSH stock. An improving bottomline implies that the company is growing profits.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Commerce Bancshares historical stock prices to check how the price has moved with time. .