| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 440.97 | 1.1% | 4.7% |
| Total Income | 440.97 | 1.1% | 4.7% |
| Expenditure | 264.08 | 5.6% | 7.7% |
| PBT | 184.77 | 5.8% | 3.5% |
| Net Profit | 141.52 | 7.2% | 2.5% |
| OPM | 40.11% | 3.79pp | |
| NPM | 32.09% | 2.11pp | 0.66pp |
| EPS | 1.06 | 7.0% | 0.9% |
Commerce Bancshares Reports Q3 2025 Earnings Per Share of $1.06
04 May 2026 · 4 May, 9:02 am
Summary
Commerce Bancshares, Inc. reported earnings of $1.06 per share for the third quarter of 2025, with net income amounting to $141.5 million. Net interest income was $279.5 million, while non-interest income totaled $161.5 million, a 1.6% increase year-over-year. The return on average assets was 1.78%, and the return on average equity was 15.26%. The allowance for credit losses on loans increased to $175.7 million. The acquisition of FineMark is expected to close on January 1, 2026.
Key Highlights
- 1
Commerce Bancshares reported earnings of $1.06 per share for the three months ended September 30, 2025.
- 2
Net income for the third quarter of 2025 amounted to $141.5 million.
- 3
Net interest income was $279.5 million for the third quarter of 2025, a decrease of $690 thousand compared to the prior quarter.
- 4
Non-interest income totaled $161.5 million, an increase of $2.5 million, or 1.6%, over the same quarter last year.
- 5
The allowance for credit losses on loans increased $10.4 million during the third quarter of 2025 to $175.7 million.
- 6
The return on average assets was 1.78%, and the return on average equity was 15.26% for the quarter.
- 7
The transaction with FineMark is expected to close on January 1, 2026.
Management Comments
John Kemper
Commerce delivered another strong quarter, underscoring the resilience of our diversified operating model and the dedication of our talented team. Our third quarter results reflect steady loan balances, robust fee income, and disciplined expense management, all of which contributed to another period of high profitability. Our return on average assets remained solid at 1.78%, and our return on average equity was 15.26%. We maintained excellent credit quality, with non-accrual loans at just .09% of total loans, and added a modest reserve to the allowance for credit losses. Our capital and liquidity positions remain strong, supporting our ability to serve customers and invest in future growth. Net interest income was $279.5 million, reflecting the continued benefits of our strong balance sheet, even as the interest rate environment remains dynamic. Non-interest income was $161.5 million, led by growth in trust and deposit fees, and comprised 36.6% of total revenue. We look forward to welcoming FineMark's team, clients, and shareholders to Commerce on January 1, 2026, our expected close date, which will mark a strategic milestone after years of relationship building and months of integration planning by our dedicated teams. As we continue to build on our momentum, our franchise is well-positioned to execute on our long-term strategies, deliver value to our shareholders, and support our customers and communities.
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