KANSAS CITY, Mo. (AP) _ Commerce Bancshares Inc. (CBSH) on Wednesday reported fourth-quarter net income of $129.9 million.

The Kansas City, Missouri-based bank said it had earnings of $1.11 per share.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The bank holding company posted revenue of $349.8 million in the period. Its revenue net of interest expense was $344.9 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $341.6 million.

For the year, the company reported profit of $354.1 million, or $2.91 per share. Revenue was reported as $1.34 billion.

Commerce shares have increased 8% since the beginning of the year. The stock has climbed 11% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CBSH at https://www.zacks.com/ap/CBSH

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