Core Insights - Commerce Bancshares Inc. (CBSH) reported fourth-quarter 2025 earnings of $1.01 per share, exceeding the Zacks Consensus Estimate of 99 cents and up from 96 cents in the prior-year quarter [1][10] - The company's net income for the quarter was $140.7 million, reflecting a year-over-year increase of 3.4% [2] Financial Performance - Total revenues for the fourth quarter reached $449.4 million, a 6.5% increase year over year, surpassing the Zacks Consensus Estimate of $438.1 million [4][10] - For the full year 2025, total revenues rose to $1.76 billion, also exceeding the consensus estimate of $1.75 billion [4] - Net interest income (NII) was $283.2 million, up 6.2% from the previous year, with a net yield on interest-earning assets of 3.60%, an increase of 11 basis points year over year [5] - Non-interest income increased to $166.2 million, a rise of 6.9%, primarily driven by higher trust fees and deposit account fees [5] Expense and Asset Quality - Non-interest expenses rose by 7.3% year over year to $253.0 million, attributed to higher salaries, employee benefits, and data processing costs [6] - The provision for credit losses was $16.0 million, up from $13.5 million in the prior-year quarter [9] - The efficiency ratio increased to 56.23% from 55.77% in the year-ago quarter, indicating a decline in profitability [7] Loan and Deposit Trends - As of December 31, 2025, net loans were $17.59 billion, slightly down from $17.61 billion, while total deposits increased to $25.64 billion from $25.46 billion [8] Capital Ratios and Share Repurchase - The Tier I leverage ratio improved to 12.65% from 12.26% year over year, and the tangible common equity to tangible assets ratio increased to 11.11% from 9.92% [12] - In the reported quarter, the company repurchased 2.2 million shares of treasury stock at an average price of $53.29 [13] Strategic Outlook - The company completed the acquisition of FineMark Holdings, which is expected to be accretive to earnings and lead to cost savings [14] - Future revenue growth is anticipated from strong loan demand and efforts to enhance fee income, although rising expenses and asset quality concerns present challenges [14]

Shares of Commerce Bancshares ( CBSH ) have been a poor performer over the past year, losing about 12% of their value. Investors have been particularly concerned about its credit quality, as it has built reserves and other banks have faced large loss events inOver fifteen years of experience making contrarian bets based on my macro view and stock-specific turnaround stories to garner outsized returns with a favorable risk/reward profile. If you want me to cover a specific stock or have a question for an art ...

Commerce Bancshares (CBSH) reported $449.36 million in revenue for the quarter ended December 2025, representing a year-over-year increase of 6.5%. EPS of $1.01 for the same period compares to $1.01 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $438.1 million, representing a surprise of +2.57%. The company delivered an EPS surprise of +1.72%, with the consensus EPS estimate being $0.99.While investors closely watch year-over-year changes in headline numbers -- revenue and earni ...

Financial Performance - Earnings per share for Q4 2025 were $1.01, up from $0.96 in Q4 2024, with net income of $140.7 million compared to $136.1 million in the same quarter last year [1][2]. - For the full year 2025, earnings per share totaled $4.04, an increase of 9.5% from $3.69 in 2024, with net income amounting to $566.3 million, up from $526.3 million [2]. - Net income attributable to Commerce Bancshares, Inc. for Q4 2025 was $140,662,000, compared to $136,108,000 in Q4 2024, reflecting a year-over-year increase of 3.9% [15]. - For the quarter ended December 31, 2025, net income was $140.7 million, a slight decrease from $141.5 million in the previous quarter and an increase from $136.1 million year-over-year [27]. Income and Revenue - Net interest income for Q4 2025 was $283.2 million, a $3.7 million increase from the prior quarter, while non-interest income rose to $166.2 million, a 6.9% increase year-over-year [6]. - Total non-interest income for Q4 2025 reached $166,208,000, up from $155,436,000 in Q4 2024, indicating a growth of 6.9% [15]. - Net interest income for the 4th quarter amounted to $283.2 million, an increase of $3.7 million from the previous quarter [31]. Assets and Loans - Total assets as of December 31, 2025, were $32,915,089,000, an increase from $31,996,627,000 a year earlier, representing a growth of 2.9% [19]. - Total loans stood at $17,771,263,000 as of December 31, 2025, compared to $17,220,103,000 at the end of 2024, marking a year-over-year increase of 3.2% [19]. - Average loan balances increased by 1.0% to $17.7 billion, while total average deposits rose by $816.0 million, or 3.3%, over the prior quarter [9]. - Total loans increased to $17,660,839 thousand, up 0.95% from $17,494,351 thousand in the previous quarter [21]. Expenses and Efficiency - Non-interest expense for Q4 2025 totaled $253.0 million, reflecting a 7.3% increase compared to the same quarter last year [9]. - The efficiency ratio for Q4 2025 was 56.2%, indicating operational efficiency in managing expenses relative to revenue [9]. - The efficiency ratio improved to 56.23% in Q4 2025 from 55.77% in Q4 2024, indicating better cost management [15][16]. Credit Quality - Non-accrual loans remained low at 0.09% of total loans, down two basis points from the same period last year, indicating strong credit quality [4]. - The provision for credit losses was $15,993,000 in Q4 2025, up from $13,508,000 in Q4 2024, indicating a cautious approach to credit risk management [15]. - Net loan charge-offs in the 4th quarter of 2025 amounted to $9.9 million, a decrease from $10.3 million in the prior quarter and $10.7 million in the same period last year, with an annualized net loan charge-off ratio of 0.22% [46]. - Total non-accrual loans amounted to $15.8 million, a decrease of $503 thousand compared to the previous quarter, representing 0.09% of loans outstanding [49]. Dividends and Shareholder Returns - The Company distributed a 5% stock dividend and paid a cash dividend of $0.262 per common share, a 7% increase over the same period last year [51]. Acquisitions - The company completed the acquisition of FineMark Holdings on January 1, 2026, which added $2.7 billion in loans and $3.1 billion in deposits [4]. - The Company closed on its acquisition of FineMark Holdings, Inc., which had loans and deposits of $2.7 billion and $3.1 billion, respectively, as of December 31, 2025 [52]. Forward-Looking Statements - Forward-looking statements indicate that actual results may differ materially from expectations due to significant risks and uncertainties [53].

分组1 - Commerce Bancshares (CBSH) reported quarterly earnings of $1.01 per share, exceeding the Zacks Consensus Estimate of $0.99 per share, with an earnings surprise of +1.72% [1] - The company posted revenues of $449.36 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.57%, compared to year-ago revenues of $422.08 million [2] - Over the last four quarters, Commerce has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] 分组2 - The current consensus EPS estimate for the coming quarter is $0.88 on revenues of $475.09 million, and for the current fiscal year, it is $4.09 on revenues of $1.96 billion [7] - The Zacks Industry Rank for Banks - Midwest is currently in the bottom 31% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8] - The estimate revisions trend for Commerce was unfavorable ahead of the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock, suggesting expected underperformance in the near future [6]

COMMERCE BANCSHARES, INC. EARNINGS HIGHLIGHTS 4th Quarter 2025 ~·~ ltl) Commerce Bancshares, Inc . ...... ,, CAUTIONARY STATEMENT Forward-Looking Statements This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements about the plans, expectations, goals, projections, and intentions of Commerce Bancshares, Inc. ("Commerce"). Forward-looking statements involve significant risks and uncertainties ...

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Commerce Bancshares, Inc. (NASDAQ:CBSH) is included among the 13 Best Dividend Kings to Buy in 2026. Piper Sandler Raises Commerce Bancshares (CBSH) Target after FineMark Deal Closes Image by Alexsander-777 from Pixabay On January 9, Piper Sandler raised its price target on Commerce Bancshares, Inc. (NASDAQ:CBSH) to $64 from $60 while keeping a Neutral rating on the stock. The update came after the company officially closed its acquisition of FineMark National Bank & Trust. Piper also lifted its 2026 op ...

Core Insights - Commerce Bancshares views its recent acquisition of FineMark Holdings as a strategic opportunity to expand its wealth management business, marking its first bank M&A deal in over a decade [10] Acquisition Details - The acquisition of FineMark Holdings was finalized for $585 million in an all-stock deal, enhancing Commerce's existing private banking and wealth management operations [2][3] - FineMark, with $4 billion in assets, operates a full-service private bank catering to high-net-worth individuals, including 300 professional athletes [3] Market Expansion - The acquisition allows Commerce to extend its footprint into Arizona and South Carolina, adding 13 offices in high-growth areas [3][4] - Post-acquisition, Commerce's total assets amount to approximately $36 billion, with its wealth management business generating about 13% of total revenues prior to the deal [4][6] Wealth Management Growth - Commerce Trust, the wealth management division, now manages $90 billion in assets under administration, up from $82 billion, ranking 15th among bank-managed trust companies [7] - The company aims to retain FineMark's client base by offering a broader range of wealth management products and leveraging its larger balance sheet [4][9] Client Retention Strategy - The retention of the FineMark brand and leadership is expected to aid in maintaining client relationships during the transition [9][10] - A methodical approach to systems conversion is planned for late 2026 or early 2027 to ensure a seamless client experience [11][12] Future M&A Considerations - Commerce Bancshares is open to future bank acquisitions but emphasizes the importance of strategic fit rather than scale for its own growth [13]

Core Insights - Commerce Bancshares has successfully completed the acquisition of FineMark Holdings, valued at approximately $585 million, which was announced in June of the previous year [1] - The merger positions Commerce Bancshares with total assets of around $36 billion and assets under administration of $90 billion, ranking it 15th among US bank-managed trust firms by assets under management as of September 30 [1] Group 1: Acquisition Details - The acquisition enhances Commerce Bancshares' presence in private banking and wealth management, adding new locations in Arizona and South Carolina [3] - FineMark National Bank & Trust has been merged into Commerce Bank following the completion of the deal [3] - The former FineMark branches will operate as FineMark Bank & Trust, a division within Commerce Bank, maintaining their current locations and client-advisor relationships [4] Group 2: Leadership and Integration - Joseph Catti will serve as Chairman at Commerce Trust and will oversee the FineMark Bank & Trust division under the new structure [4] - Integration of operational systems is planned for the latter half of 2026 [4] Group 3: Company Vision - The CEO of Commerce Bancshares expressed optimism about the merger, highlighting the cultural fit and shared commitment to client-centric wealth management and community building [2][3]