Commerce Bancshares (NASDAQ:CBSH) today reported financial results for the first quarter ended March 31, 2026, marking the company’s first reporting period since the successful integration of FineMark Holdings.
The bank delivered net income of $141.6 million, an increase from the $131.6 million recorded in the first quarter of 2025 and a slight rise over the $140.7 million achieved in the final quarter of last year.
Earnings per share (EPS) for the quarter stood at $0.96, comparing favorably to $0.93 in the prior-year period, though down from the $1.01 achieved in the fourth quarter of 2025.
The results reflect the immediate impact of the FineMark acquisition, which was finalized on January 1, 2026, and has significantly expanded the bank's private client and wealth management capabilities.
Driven by the expanded balance sheet, net interest income rose to $299.8 million, a $16.7 million increase over the previous quarter.
However, the bank experienced minor pressure on margins as the net yield on interest-earning assets decreased by one basis point to 3.59%.
Non-interest income provided a substantial boost to the bottom line, totaling $175.9 million.
This represents a 10.6% increase over the same quarter last year.
The growth was largely fueled by a surge in trust fees, which grew by $14.5 million, or 25.5%, year-over-year.