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Total Revenue QoQ (USD) - Q3 '24

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Income Statement (USD)

Q3 '24 QoQ
Gross Profit 172M 3.4%
Cost of Revenue 249M 3.9%
Operating expense 66M 23%
Net Income 138M 1.1%
EBITDA 106M 63%

Balance Sheet (USD)

Q3 '24 QoQ
Total Assets 31.5B 3%
Total Liabilities 28B 2.3%
Total Equity 3.43B 9.4%
Shares Outstanding 129M 0.3%

Cash Flow (USD)

Q3 '24 QoQ
Cash from operations 432M 192.9%
Cash from investing -237M 135.6%
Cash from financing 411M 344.4%

EPS

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Financial Highlights for Commerce Bancshares in Q3 '24

Gross Profit stood at 172M, marking a -3.4% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 249M, a 3.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 66M, showing a 23% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 138M, showing a -1.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was 106M, showing a -63% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

Commerce Bancshares faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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