Commerce Bancshares delivers $155 million third-quarter profit

• Commerce Bancshares reported third-quarter 2026 net income of $155 million, up 9.5% year over year, with diluted earnings of $1.08 per share, compared with $1.01 a year earlier.
• Net interest income reached $308.9 million, while noninterest income increased to $185.5 million, supported by growth in trust, bank card and deposit fees.
• Average loans reached $20.7 billion, and Commerce repurchased approximately 1.9 million shares during the quarter while maintaining strong profitability and credit quality.

Commerce Bancshares (NASDAQ:CBSH) reported third-quarter 2026 net income of $155 million, up 9.5% year over year, with diluted earnings reaching $1.08 per share.

However, quarterly earnings declined from $159.8 million and $1.10 per share in the preceding quarter, reflecting lower net interest income and securities gains.

Net interest income totaled $308.9 million, noninterest income reached $185.5 million, and noninterest expenses decreased 3.7% sequentially to $285.9 million.

Average loans increased $172.3 million to $20.7 billion, while average deposits declined 1.3% to $27.2 billion amid continued balance sheet management.

Commerce repurchased approximately 1.9 million shares at an average price of $58.84, while quarterly return on average assets reached 1.79%.

For the first nine months of 2026, net income increased to $456.4 million from $425.6 million, with diluted earnings reaching $3.14 per share.