{"id":37468,"date":"2026-07-16T15:00:00","date_gmt":"2026-07-16T13:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=efb894d0ea8b777a17e3fac41ed19f52"},"modified":"2026-07-16T15:00:00","modified_gmt":"2026-07-16T13:00:00","slug":"commerce-bancshares-inc-reports-second-quarter-earnings-per-share-of-1-10","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=37468","title":{"rendered":"Commerce Bancshares, Inc. Reports Second Quarter Earnings Per Share of $1.10"},"content":{"rendered":"

KANSAS CITY, Mo.--(BUSINESS WIRE)--Commerce Bancshares, Inc. announced earnings of $1.10 per share for the three months ended June 30, 2026, compared to $1.09 per share in the same quarter last year and $.96 per share in the first quarter of 2026. Net income for the second quarter of 2026 amounted to $159.8 million, compared to $152.5 million in the second quarter of 2025 and $141.6 million in the prior quarter.<\/p><\/a><\/a>

\nFor the six months ended June 30, 2026, earnings per share totaled $2.06 compared to $2.02 for the first six months of 2025. Net income amounted to $301.4 million for the six months ended June 30, 2026, compared to $284.1 million in the comparable period last year. For the year to date, the return on average assets was 1.73%, and the return on average equity was 13.96%.<\/p>

\nIn making this announcement, John Kemper, Chief Executive Officer, said, \u201cCommerce delivered a strong quarter, with expanding net interest margin, solid loan growth, lower funding costs and excellent credit quality. These results drove a return on average assets of 1.84% and reflect the strength of our business model, our diversified revenue streams and our team\u2019s continued focus on long-standing customer relationships.\u201d<\/p>

\nMr. Kemper continued, \u201cRevenue growth was broad-based during the quarter. Net interest income increased as margin expanded to 3.77%, and fee revenue grew $8.0 million this quarter, supported by continued strength in trust, bank card and deposit-related businesses. We believe this balanced revenue mix remains a key differentiator for Commerce and supports consistent performance across economic cycles.\u201d<\/p>

\n\u201cWe remained focused on disciplined capital management. During the quarter, we repurchased approximately 2.1 million shares of common stock for $110 million while maintaining a strong capital position. This gives us flexibility to invest in growth, support our customers and continue returning capital to shareholders.\u201d<\/p>

\n\u201cWe also completed the repositioning of a portion of our available for sale securities portfolio, including the sale of our Treasury inflation-protected securities portfolio. This repositioning increases the portfolio\u2019s overall yield, improves the consistency of future net interest income, and supports a more durable net interest margin over time. We believe these portfolio changes strengthen Commerce\u2019s long-term earnings profile and position us to deliver sustained shareholder value.\u201d<\/p>

\nSecond Quarter 2026 Financial Highlights:<\/b><\/p>