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Mar 31, 2025
Commerce Bank Q1 2025 Earnings Report
Commerce Bank reported solid Q1 2025 earnings with record net interest income and strong credit quality.
Key Takeaways
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.
Net interest income hit a record $269.1 million, up $2.5 million from Q4 2024.
Non-interest income increased to $158.9 million, comprising 37.1% of total revenue.
Net income reached $131.6 million, with EPS at $0.98.
Credit quality remained strong with net loan charge-offs steady at 0.25% of average loans.
Revenue by Segment
Forward Guidance
Management signaled a cautious outlook amid macroeconomic uncertainty, but highlighted the bank's strong positioning and resilience.
Positive Outlook
- Strong deposit franchise supports earnings stability.
- Record net interest income reflects favorable asset repricing.
- Trust and wealth management businesses continue to grow.
- Capital and liquidity levels remain robust.
- Credit quality metrics remain excellent.
Challenges Ahead
- Macroeconomic outlook remains uncertain due to tariffs and capital markets volatility.
- Deposit levels slightly declined compared to the previous quarter.
- Non-interest income from bank card fees declined YoY and QoQ.
- Higher investment securities losses impacted net income.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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