Quarterly ResultJul 17, 2026, 05:21 PM
Commerce Bancshares Q2 EPS $1.10; Corrects Assets Under Admin Growth
AI Summary
Commerce Bancshares, Inc. reported strong Second Quarter 2026 earnings with diluted EPS of $1.10 and net income of $159.8 million. The company noted expanding net interest margin, solid loan growth, and excellent credit quality. An amended filing was issued to correct a typographical error regarding the growth in assets under administration, which was clarified to be a 3.4% increase over the prior quarter, not the prior year. Apart from this correction, the original earnings information remained unchanged.
Key Highlights
- Second Quarter 2026 diluted EPS was $1.10, up from $0.96 in Q1 2026 and $1.09 in Q2 2025.
- Net income for Q2 2026 reached $159.8 million, an increase from $141.6 million in Q1 2026.
- Net interest income increased by $15.2 million over the prior quarter to $315.1 million.
- Net yield on interest earning assets expanded by 18 basis points to 3.77%.
- Assets under administration grew $3.1 billion, or 3.4%, over the prior quarter (corrected figure).
- Average loan balances increased by $176.6 million, or 0.9%, to $20.5 billion.
- The company repurchased approximately 2.1 million shares for $110 million during the quarter.
Price Impact
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