Commerce Bancshares ( (CBSH) ) has released its Q3 earnings. Here is a breakdown of the information Commerce Bancshares presented to its investors.
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Commerce Bancshares, Inc. is a regional bank holding company providing a comprehensive range of banking services, including payment solutions, investment management, and securities brokerage, with a strong presence in the Midwest and commercial offices across the U.S.
Commerce Bancshares reported a third-quarter earnings per share of $1.06, reflecting a slight increase from $1.01 in the same quarter last year. The company’s net income for the quarter was $141.5 million, a modest rise from $138.0 million in the previous year, although it saw a decline from $152.5 million in the prior quarter.
Key financial highlights include a net interest income of $279.5 million and non-interest income of $161.5 million, with the latter showing a growth of 1.6% over the same period last year. The company maintained a strong return on average assets at 1.78% and return on average equity at 15.26%. Despite a decrease in total average deposits by $140.1 million, Commerce Bancshares upheld excellent credit quality with non-accrual loans at just 0.09% of total loans.
The company is poised for future growth with the upcoming acquisition of FineMark Holdings, expected to close on January 1, 2026. This strategic move is anticipated to enhance Commerce’s market presence and operational capabilities.
Looking forward, Commerce Bancshares remains focused on executing its long-term strategies, delivering shareholder value, and supporting its customers and communities, backed by strong capital and liquidity positions.