Commerce (CBSH) Reports Q2 Earnings: What Key Metrics Have to Say

Core Insights - Commerce Bancshares (CBSH) reported revenue of $445.76 million for the quarter ended June 2025, reflecting a year-over-year increase of 7.5% and a surprise of +3.58% over the Zacks Consensus Estimate of $430.36 million [1] - Earnings per share (EPS) for the quarter was $1.14, up from $1.07 in the same quarter last year, with an EPS surprise of +11.76% compared to the consensus estimate of $1.02 [1] Financial Performance Metrics - Efficiency Ratio was reported at 54.8%, better than the estimated 55.9% by five analysts [4] - Net Interest Margin stood at 3.7%, exceeding the average estimate of 3.6% [4] - Book value per share was $27.43, higher than the estimated $26.85 [4] - Average total interest-earning assets were $30.63 billion, slightly below the average estimate of $30.64 billion [4] - Annualized net loan charge-offs to total average loans were 0.2%, better than the estimated 0.3% [4] - Non-accrual loans amounted to $18.87 million, lower than the average estimate of $21.76 million [4] - Tier I Leverage Ratio was reported at 12.8%, above the estimated 12.4% [4] - Total Non-Interest Income reached $165.61 million, surpassing the average estimate of $157.57 million [4] - Fully-taxable equivalent net interest income was $282.43 million, compared to the average estimate of $275.75 million [4] - Trust fees were $55.57 million, slightly below the average estimate of $55.69 million [4] - Bank card transaction fees totaled $46.36 million, compared to the average estimate of $47.42 million [4] - Deposit account charges and other fees were reported at $26.25 million, slightly above the average estimate of $26.19 million [4] Stock Performance - Shares of Commerce Bancshares have returned +5% over the past month, outperforming the Zacks S&P 500 composite's +4.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]