Commerce Bancshares 2Q 2026: Revenue $498M, EPS $1.1— 10-Q Summary
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Commerce Bancshares reported second-quarter 2026 results with revenue up year‑over‑year and modest earnings growth, driven in part by the January 1, 2026 acquisition of FineMark which expanded assets and wealth capabilities.
Financial Highlights
- Revenue: $498M total revenue for Q2 2026 (net interest income $315.1M + non‑interest income $183.8M, implied ≈ $498.9M), up about 11% versus Q2 2025.
- Net income: $159.8M attributable to Commerce Bancshares for Q2 2026, compared with $152.5M in the year‑ago quarter; YoY change 4.8%.
- Diluted EPS: $1.10 for Q2 2026, versus $1.09 in the year‑ago quarter; YoY change 0.9%.
Business Highlights
- Acquisition integration: Completed the FineMark acquisition on Jan. 1, 2026, adding roughly $4B of assets and 13 offices and materially expanding the company's wealth and retail footprint.
- Revenue drivers: Net interest income rose about 12% and non‑interest income about 11% year‑over‑year, supported by loan growth and higher trust fees.
- Wealth momentum: The Wealth segment surged post‑acquisition with significantly higher trust fees and loan balances, boosting segment profitability.
- Operating impact: Headcount and operating expenses increased to onboard FineMark (FTEs +318) and due to investments in data/software and professional services.
- Consumer shifts: Loan mix shifted toward personal real estate and revolving HELOCs, while card and deposit fee growth aided fee diversification.
Original SEC Filing: COMMERCE BANCSHARES INC /MO/ [ CBSH ] - 10-Q - Aug. 05, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.