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Dec 31, 2024
Commerce Bank Q4 2024 Earnings Report
Commerce Bancshares, Inc. reported strong fourth-quarter earnings, driven by a resilient balance sheet, diversified operating model, and well-controlled expenses.
Key Takeaways
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.
Earnings per share (EPS) reached $1.01, compared to $0.79 in the same quarter last year.
Net income for the quarter was $136.1 million, up from $109.2 million in Q4 2023.
Net interest margin declined slightly to 3.49%, with growth in deposits and investment securities contributing to net interest income growth.
Non-interest income accounted for 36.8% of total revenue, with trust fees showing strong growth, up 14.6% year-over-year.
Revenue by Segment
Forward Guidance
This information contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include future financial and operating results, expectations, intentions, and other statements that are not historical facts. Such statements are based on current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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