Quarterly ResultJul 16, 2026, 09:27 AM
Commerce Bancshares Q2 EPS $1.10; Net Income $159.8M
AI Summary
Commerce Bancshares, Inc. announced strong second quarter 2026 earnings, with diluted earnings per share reaching $1.10, an increase from both the prior quarter and the same period last year. Net income for the quarter was $159.8 million, driven by expanding net interest margin and solid loan growth. The company also strategically repositioned its available-for-sale securities portfolio and repurchased $110 million of its common stock, reflecting disciplined capital management and a focus on long-term shareholder value.
Key Highlights
- Reported Q2 2026 diluted EPS of $1.10, up from $0.96 in Q1 2026 and $1.09 in Q2 2025.
- Net income for Q2 2026 was $159.8 million, an increase from $141.6 million in Q1 2026.
- Net interest income rose to $315.1 million, a $15.2 million increase over the prior quarter.
- Net yield on interest earning assets expanded by 18 basis points to 3.77%.
- Non-interest income increased by $8.0 million, or 4.5%, over the prior quarter to $183.8 million.
- Repurchased approximately 2.1 million shares of common stock for $110 million during the quarter.
- Recognized a $105.4 million gain on Visa Inc. stock and a $97.7 million loss on AFS debt securities repositioning.
- Average loan balances increased by $176.6 million, or 0.9%, over the prior quarter to $20.5 billion.
Price Impact
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