Commerce Bank Earnings Reports

Commerce Bancshares delivered strong Q1 2025 results, driven by record net interest income and growth in non-interest income. The bank maintained excellent credit quality, and the balance sheet remained well-positioned despite deposit pressures and market uncertainty.

Commerce Bancshares, Inc. announced earnings of $1.01 per share for the fourth quarter of 2024, with a net income of $136.1 million. The results reflect a resilient balance sheet, diversified operating model, and well-controlled expenses. Net interest margin remained stable, and non-interest income contributed significantly to total revenue. The company maintains ample liquidity and capital levels.

Commerce Bancshares, Inc. reported earnings of $1.07 per share for the third quarter of 2024, compared to $0.92 per share in the same quarter last year. Net income for the third quarter of 2024 amounted to $138.0 million, compared to $120.6 million in the third quarter of 2023.

Commerce Bancshares, Inc. announced earnings of $1.07 per share for the three months ended June 30, 2024. Net income for the second quarter of 2024 amounted to $139.6 million. Our net interest margin expanded 22 basis points this quarter. Trust fees and deposit account fees were up 10.6% and 11.9%, respectively, over the same period last year.

Commerce Bancshares, Inc. announced a strong financial performance for the first quarter of 2024, with earnings per share of $.86 and net income of $112.7 million. The results reflect fundamental strength, a diversified business model, and the ability to perform well through economic cycles. Net interest income grew slightly, and the net interest margin expanded. Liquidity and capital levels remain robust, and credit performance remains excellent.

Commerce Bancshares, Inc. reported a net income of $109.2 million, with earnings per share of $0.84 for the fourth quarter of 2023. The results reflect the strength of the core deposit base and contributions from non-interest income categories. Net interest income was generally flat, while the net interest margin expanded.

Commerce Bancshares, Inc. reported earnings of $0.96 per share for the three months ended September 30, 2023. Net income for the third quarter of 2023 amounted to $120.6 million. The return on average assets was 1.49%, the return on average equity was 17.73%, and the efficiency ratio was 58.2%.

Commerce Bancshares, Inc. announced earnings of $1.02 per share for the three months ended June 30, 2023, compared to $0.92 per share in the same quarter last year. Net income for the second quarter of 2023 amounted to $127.8 million, compared to $115.8 million in the second quarter of 2022.

Commerce Bancshares, Inc. reported first quarter earnings with earnings per share of $0.95 and net income of $119.5 million. The company saw an increase in average loan balances and a decrease in average deposits. The net yield on interest earning assets increased to 3.26%.

Commerce Bancshares, Inc. reported strong Q4 2022 results, with earnings per share of $1.04 and net income of $131.6 million. The company benefited from loan growth, margin expansion, and resilient fee-based income, leading to record quarterly revenue. The net yield on interest earning assets increased to 3.18%.

Commerce Bancshares, Inc. announced earnings of $1.02 per share for the three months ended September 30, 2022, compared to $.99 per share in the same quarter last year. Net income for the third quarter of 2022 amounted to $122.8 million, compared to $122.6 million in the third quarter of 2021.

Commerce Bancshares, Inc. reported a net income of $115.8 million, or $.96 per share, for the second quarter of 2022. The results reflect an increase in net interest income and non-interest income, offset by an increase in the provision for credit losses and higher non-interest expense.

Commerce Bancshares, Inc. reported a net income of $118.2 million, with earnings per share of $0.97 for the first quarter of 2022. The company saw strong financial performance driven by an expanding net interest margin and increasing loan demand.

Commerce Bancshares, Inc. reported Q4 earnings of $0.94 per share, with a net income of $114.9 million. The results reflect a strong quarter with growth in trust fees and bank card transaction fees, but were impacted by net investment securities losses and a decrease in net interest income.

Commerce Bancshares, Inc. reported earnings of $1.05 per share for the three months ended September 30, 2021. Net income attributable to Commerce Bancshares, Inc. for the third quarter of 2021 amounted to $122.6 million. The return on average assets was 1.40%, the return on average equity was 13.74% and the efficiency ratio was 59.9%.

Commerce Bancshares, Inc. reported earnings of $1.38 per share for the second quarter of 2021, a significant increase compared to $0.32 per share in the same quarter last year. Net income amounted to $162.3 million, driven by a reduction in reserves for credit losses and gains from private equity investments. The company saw growth in fee income, particularly from bank card and trust services.

Commerce Bancshares, Inc. reported a strong first quarter with earnings per share of $1.11 and net income of $131.0 million. The company saw strong performance from fee-based businesses and a decline in non-interest expense. Net income was aided by the release of reserves for credit losses on loans.

Commerce Bancshares, Inc. reported a strong fourth quarter, with earnings per share of $1.11 and net income of $129.9 million. The company saw improvements in economic conditions and a decrease in the allowance for credit losses. Fee-based businesses rebounded, and loan fees and sales increased significantly, driven by mortgage banking.

Commerce Bancshares, Inc. reported a strong rebound in earnings for Q3 2020, with earnings per share of $1.11 and net income of $132.4 million. The results were driven by low provision expense and increases in net interest income, fee income, and investment securities gains.

Commerce Bancshares, Inc. announced earnings of $.34 per common share for the three months ended June 30, 2020, compared to $.91 per share in the same quarter last year. Net income attributable to Commerce Bancshares, Inc. for the second quarter of 2020 amounted to $39.9 million, compared to $108.0 million in the second quarter of 2019.

Commerce Bancshares, Inc. announced earnings of $.44 per common share for the three months ended March 31, 2020. Net income attributable to Commerce Bancshares, Inc. for the first quarter of 2020 amounted to $51.9 million. The results were impacted by charges stemming from COVID-19 and the resulting economic outlook.

Commerce Bancshares reported a strong fourth quarter with earnings per share of $0.93 and net income of $106.9 million. The company benefited from strength in the economy and financial markets, experiencing loan growth and an increase in fee income, which included a one-time gain from the sale of its corporate trust business. However, net interest income contracted slightly due to declining interest rates.