Compared to Estimates, Commerce (CBSH) Q1 Earnings: A Look at Key Metrics

Core Insights - Commerce Bancshares (CBSH) reported revenue of $428.05 million for Q1 2025, a year-over-year increase of 7.6% and a surprise of +2.91% over the Zacks Consensus Estimate of $415.93 million [1] - The EPS for the same period was $0.98, compared to $0.86 a year ago, with an EPS surprise of +5.38% over the consensus estimate of $0.93 [1] Financial Performance Metrics - Efficiency Ratio was reported at 55.6%, better than the five-analyst average estimate of 58.3% [4] - Net Interest Margin was 3.6%, slightly above the five-analyst average estimate of 3.5% [4] - Book value per share was $26.19, exceeding the average estimate of $25.34 from four analysts [4] - Average total interest earning assets were $30.90 billion, higher than the estimated $30.24 billion by four analysts [4] - Annualized net loan charge-offs to total average loans were 0.3%, matching the four-analyst average estimate [4] - Tier I Leverage Ratio was 12.3%, slightly below the three-analyst average estimate of 12.4% [4] - Non-accrual loans amounted to $22.60 million, exceeding the two-analyst average estimate of $19.15 million [4] - Total Non-Interest Income was $158.95 million, surpassing the estimated $154.31 million by five analysts [4] - Fully-taxable equivalent net interest income was $271.42 million, above the estimate of $262.38 million by five analysts [4] - Trust fees were reported at $56.59 million, compared to the average estimate of $56.05 million from four analysts [4] - Bank card transaction fees were $45.59 million, slightly below the average estimate of $46.74 million from four analysts [4] - Deposit account charges and other fees were $26.62 million, exceeding the average estimate of $24.87 million from four analysts [4] Stock Performance - Shares of Commerce have returned -5% over the past month, compared to the Zacks S&P 500 composite's -4.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]