Core Insights - Commerce Bancshares is experiencing growth in its wealth management business, with trust fees increasing by 11% year over year, driven by higher private client fees [1][3] - The company's non-interest income grew by 7% year over year, contributing to revenue diversification [2] - Non-interest income reached $159 million, accounting for 37.1% of total revenue, with trust fees specifically contributing $57 million [3] Wealth Management Growth - The wealth management business's trust fees increased by 10.7% compared to the same period last year, reflecting the company's strategic focus on this area [3] - Commerce Bancshares aims to expand its wealth management services by utilizing a new private banking loan and deposit system and entering new markets where wealth is concentrated [3] Financial Performance - The net interest income for Commerce Bancshares grew by 8% year over year, reaching a record high of $269 million in the first quarter [4] - The bank's credit profile remains strong, with robust capital and liquidity levels, positioning it well to serve customers amid economic uncertainties [5] Economic Outlook - The company acknowledges increasing uncertainty in the economic outlook due to tariffs, trade restrictions, and capital market adjustments, but believes it is well-positioned to navigate potential disruptions [6]

Core Insights - Indosuez Wealth Management, a subsidiary of Crédit Agricole Group, has signed an agreement to acquire Banque Thaler, a Swiss banking institution known for its wealth management services [2][3] - This acquisition aligns with Indosuez's strategy to strengthen its position in the Swiss wealth management market, which is a global hub for such services [3] - The acquisition will enhance the product offerings and expertise available to clients of both Indosuez and Banque Thaler, leveraging Indosuez's international network and capabilities [4] Company Overview - Indosuez Wealth Management has been present in Switzerland since 1876 and aims to solidify its status as a major player in European wealth management [3][5] - Following the acquisition, Indosuez's assets under management are expected to reach nearly €50 billion, with total assets under management projected to be around €220 billion [5] - Banque Thaler, established in 1982, is recognized for its excellence in wealth management and focuses on a targeted client base, primarily serving families and entrepreneurs [14] Strategic Implications - The acquisition is part of a broader growth strategy in a consolidating sector, with Indosuez aiming to provide increasingly tailored solutions to its clients [5] - The transaction is subject to regulatory approval and is expected to be finalized in the second half of 2025 [5] - The impact on Crédit Agricole S.A.'s CET1 ratio from this acquisition is anticipated to be limited [6]