Compared to Estimates, Commerce (CBSH) Q4 Earnings: A Look at Key Metrics

Core Insights - Commerce Bancshares (CBSH) reported revenue of $449.36 million for Q4 2025, marking a year-over-year increase of 6.5% and exceeding the Zacks Consensus Estimate of $438.1 million by 2.57% [1] - The company's EPS for the same quarter was $1.01, unchanged from the previous year, and also surpassed the consensus EPS estimate of $0.99 by 1.72% [1] Financial Performance Metrics - Net Interest Margin was reported at 3.6%, matching the average estimate from five analysts [4] - Efficiency Ratio stood at 56.2%, in line with the five-analyst average estimate [4] - Annualized net loan charge-offs to total average loans were 0.2%, better than the four-analyst average estimate of 0.3% [4] - Average total interest-earning assets were $31.47 billion, exceeding the four-analyst average estimate of $31.02 billion [4] - Book value per share was $27.75, slightly below the four-analyst average estimate of $27.83 [4] - Non-accrual loans totaled $15.75 million, compared to the average estimate of $16.96 million from two analysts [4] - Total Non-Interest Income reached $166.21 million, surpassing the five-analyst average estimate of $161.4 million [4] - Fully-taxable equivalent net interest income was reported at $285.83 million, exceeding the five-analyst average estimate of $280.96 million [4] - Trust fees amounted to $62.13 million, higher than the average estimate of $58.71 million based on four analysts [4] - Bank card transaction fees were $46.76 million, slightly above the four-analyst average estimate of $46.62 million [4] - Deposit account charges and other fees totaled $27.95 million, exceeding the four-analyst average estimate of $26.87 million [4] - Consumer brokerage services generated $5.19 million, below the average estimate of $5.94 million from three analysts [4] Stock Performance - Shares of Commerce Bancshares have returned +3.9% over the past month, outperforming the Zacks S&P 500 composite's +0.7% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]