Inferra AI / Company / CBSH

Commerce Bancshares Inc.

CBSH · Financials

Last earnings Oct 20, 2026

Key results

EPSquarter

$1.06

REPORTS THIRD QUARTER EARNINGS PER SHARE OF $1.06 Commerce Bancshares, Inc.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Net incomequarter

$141.5 million

Net income for the third quarter of 2025 amounted to $141.5 million, compared to $138.0 million in the third quarter of 2024 and $152.5 million in the prior quarter.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

EPSytd

$3.18

For the nine months ended September 30, 2025, earnings per share totaled $3.18, compared to $2.86 for the first nine months of 2024.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Net incomeytd

$425.6 million

Net income amounted to $425.6 million for the nine months ended September 30, 2025, compared to $390.2 million in the comparable period last year.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Management Discussion of Third Quarter Results September 30, 2025 For the quarter ended September 30, 2025, net income amounted to $141.5 million, compared to $152.5 million in the previous quarter and $138.0 million in the same quarter last year.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Net Income of $142MM in Q3, an increase of $4MM over the same quarter last year Net interest income $279MM

SEC original ↗Commerce Bancshares Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 16, 2025

Pre-Provision Net revenuequarter

7.2%

00% Criticized2 Office Loans to Total Office Loans: 15.7% Weighted Average LTV of Office Loans: 64.4%3 Percent of loans at floating interest rate: 73.1% $166 $201 $280 $245 2Q25 $446 11 INCOME STATEMENT HIGHLIGHTS $159 $184 $262 $237 3Q24 $421 $162 $197 $279 $244 3Q25 $441 Non-Interest Income (+) Net Interest Income (+) Non-Interest Expense (-) Pre-Tax, Pre-Provision Net Revenue (=) 3Q25 Comparison 7.2%vs.

SEC original ↗Commerce Bancshares Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 16, 2025

Revenuequarter

1.1%

Revenue decreased 1.1% from Q2 and increased 4.6% over the prior year.

SEC original ↗Commerce Bancshares Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 16, 2025

AI analysis

Q3 2025 · reported Oct 16, 2025

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

EPS · Q3 2025

$1.06

-62.9% vs year ago computed from stated figures

EX-99 · Oct 16, 2025

Net income · Q3 2025

$141.5M

+2.5% +$4M vs year ago computed from stated figures

EX-99 · Oct 16, 2025

The quarter in charts

Diluted EPS — GAAP

Per diluted share, as stated

EX-99 · Oct 16, 2025 EPS values as stated in the release.

Headline figures

Metric	Q3 2025	Prior qtr	Year ago
EPS	$1.06	—	$2.86
Net income	$141.5 million	—	$138.0 million
Pre-Provision Net revenue	7.2%	—	—
Revenue	1.1%	—	—

EX-99 · Oct 16, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Dividend5%

Total average available for sale debt securities decreased $214.5 million compared to the prior quarter to $8.9 billion, at fair value.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

REPORTS THIRD QUARTER EARNINGS PER SHARE OF $1.06 Commerce

Based on: Earnings release + Q3 2025 deck + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Total average available for sale debt securities decreased $214.5 million compared to the prior quarter to $8.9 billion, at fair value.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

771 Cash dividends on common stock $36,733 $36,761 $34,794 $110,360 $104,894 Book value per share (5) $28.51 $27.43 $25.62 Market value per share (5) $59.76 $62.17 $56.57 High market value per share $66.34 $66.14 $62.72 Low market value per share $57.92 $52.69 $52.27 Common shares outstanding (5) 133,021,127 133,419,701 134,797,835 Tangible common equity to tangible assets (6) 11.27 % 10.86 % 10.47 % Tier I leverage ratio 12.95 % 12.75 % 12.31 % OTHER QTD INFORMATION Number of bank ATM locations 239 239 244 Full-time equivalent employees 4,666 4,658 4,711 (1) Excludes allowance for credit losses on loans and unrealized gains (losses) on available for sale debt securities.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

All share and per share amounts have been restated to reflect the 5% stock dividend distributed in December 2024.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

66 3.36 4.81 Total borrowings 2.95 2.93 2.93 3.18 3.71 Total interest bearing liabilities 1.87 % 1.83 % 1.89 % 2.04 % 2.22 % Net yield on interest earning assets 3.64 % 3.70 % 3.56 % 3.49 % 3.50 % (1) Stated on a fully taxable-equivalent basis using a federal income tax rate of 21%.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Total average available for sale debt securities decreased $214.5 million compared to the previous quarter to $8.9 billion, at fair value.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

The decrease in available for sale debt securities was mainly the result of lower average balances of mortgage-backed and asset-backed securities.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Strategy & priorities

Kemper continued, We look forward to welcoming FineMark's team, clients, and shareholders to Commerce on January 1, 2026, our expected close date, which will mark a strategic milestone after years of relationship building and months of integration planning by our dedicated teams.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

As we continue to build on our momentum, our franchise is well-positioned to execute on our long-term strategies, deliver value to our shareholders, and support our customers and communities.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Risks & headwinds

One of its subsidiaries, Commerce Bank, leverages 160 years of proven strength and experience to help individuals and businesses solve financial challenges.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Other non-interest expense decreased mainly due to a $1.5 million reimbursement during the 3rd quarter of 2025 related to a litigation settlement.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Such statements are based on current beliefs and expectations of the Company s management and are subject to significant risks and uncertainties.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Additional information about risks and uncertainties is included in the Risk Factors and Management s Discussion and Analysis of Financial Condition and Results of Operations sections within the Company's Annual Report on Form 10-K.

SEC original ↗Commerce Bancshares Inc. — Earnings release (8-K exhibit)EX-99Oct 16, 2025

Forward-looking statements, by their nature, are subject to risks and uncertainties.

SEC original ↗Commerce Bancshares Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 16, 2025

government or retaliatory tariffs proposed or imposed by U.

SEC original ↗Commerce Bancshares Inc. — Presentation / slide deck (8-K exhibit)EX-99Oct 16, 2025

Documents

Earnings deck slides

0 decks with slide view

Commerce Bancshares Inc. — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

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