Revenue Analysis:
Total Revenue and Operating Revenue for CBSH have been steady over the quarters, with an increasing trend from March 2023 (388,929,000) to December 2023 (400,901,000). However, Gross Profit Margins cannot be calculated directly as the Cost of Revenue data is missing from the provided figures.
Cost Management:
Detailed expense data is available for Selling General and Administration, which shows a variable trend. In March 2023, this expense was 149,844,000, followed by 151,797,000 in June 2023, and then increasing significantly by the end of 2023. With inconsistency in these expenses, it indicates variability in operational efficiency over the periods.
Profitability Analysis:
EBITDA is not directly provided, but examining Pretax Income and Net Income offers insights. Pretax Income increased from 153,366,000 in March 2023 to 143,768,000 in December 2023. Net Income shows some fluctuations but also an overall trend of growth throughout 2023 with a highest of 127,789,000 in June and a decline to 109,223,000 in December.
Cash Flow Indicators:
Reconciled Depreciation rose slightly over the year, indicating increased depreciation expenses which could reflect capital investments or asset upgrades. Interest Expenses varied substantially, further impacting the financial costs, with the highest at 114,188,000 in December.
Taxation:
The Tax Rate used for calculations ranged from about 21.7% to 22.47% in 2023, with Tax Provisions increasing consistently, indicating higher tax liabilities aligned with increasing incomes. No Unusual Items affecting taxes were reported.
Shareholder Metrics:
Both Diluted and Basic EPS showed growth over 2023, from about 0.90 in March to 0.84 in December, reflecting improved profitability per share. The Average Shares remained fairly constant indicating stability in the equity structure without significant dilutions or buybacks. Net Income Available to Common Stockholders closely followed the pattern of Net Income.
Conclusion:
Overall, CBSH displayed a strong financial performance with steady revenue growth, though with varying costs and expenses which could suggest shifts in operational efficiency or strategy. Profitability metrics indicate strong income generation capabilities despite higher tax provisions and interest expenses. Shareholder metrics show beneficial outcomes with steady EPS growth. Heading into the future, CBSH might look to further streamline operations to tackle the variations in administrative expenses and closely monitor its financial costs.