Commerce Bancshares, Inc. Announces Third Quarter EPS of $.67 - Commerce Bancshares (NASDAQ:CBSH)

27% profit every 20 days?

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Commerce Bancshares, Inc. (NASDAQ: CBSH) announced earnings of $.67 per share for the three months ended September 30, 2010 compared to $.63 in the third quarter of 2009 and $.71 per share in the previous quarter. Net income for the third quarter amounted to $55.9 million compared to $51.6 million in the same period last year and $59.7 million in the previous quarter. The return on average assets for the three months ended September 30, 2010 was 1.19%, and the return on average equity was 11.0%.

27% profit every 20 days?

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