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Sep 30
Commerce Bank Q3 2025 Earnings Report
Commerce Bancshares reported solid Q3 2025 results with stable earnings and strong asset quality.
Key Takeaways
Commerce Bancshares delivered steady performance in Q3 2025, with net income of $141.5 million and EPS of $1.06. The company maintained strong credit metrics, stable loan balances, and a disciplined cost structure, while facing slight revenue contraction from the previous quarter.
Net income was $141.5 million for the quarter, compared to $138.0 million in Q3 2024.
Total revenue was $440,968,000, with $279,457,000 in net interest income.
Non-interest income increased to $161,511,000, led by higher trust fees.
Allowance for credit losses rose to $175,671,000, reflecting industry risk sensitivity.
Commerce Bank
Commerce Bank
Commerce Bank Revenue by Segment
Revenue by Segment
Trust Fees Revenue
CapyFin.comBank Card Fees Revenue
CapyFin.comDeposit Charges Revenue
CapyFin.comCapital Market Fees Revenue
CapyFin.comBrokerage Services Revenue
CapyFin.comLoan Fees Revenue
CapyFin.comOther Income Revenue
CapyFin.com Forward Guidance
Commerce Bancshares expressed confidence in its capital position and continued strength of its diversified model, with integration of FineMark expected in Q1 2026.
Positive Outlook
- Strong credit quality with non-accrual loans at just 0.09% of total loans
- Return on equity remained strong at 15.26%
- Successful maintenance of disciplined expense management
- Positive investment securities gains of $7.9 million
- Steady loan balances despite dynamic interest rate environment
Challenges Ahead
- Net income decreased compared to prior quarter due to higher provision for credit losses
- Non-interest income declined versus previous quarter
- Net interest income dipped slightly due to lower yields on securities
- Decrease in total deposits compared to prior quarter
- Efficiency ratio slightly worsened compared to Q2 2025