<span item_type="fundamental" item_id="d122c78444a374c784dc26cf4b4abce7" counter_id="ST/US/CBSH" env="prod"></span><span item_type="announcement" item_id="607698313995818113" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 449.36 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD 1.01, beating the estimate of USD 0.9911.</p><p>EBIT: As of FY2025 Q4, the actual value is USD -99.85 M.</p><p></p><h4>Net Income</h4><p>Net income for the fourth quarter of 2025 was $140.7 million, an increase from $136.1 million in the fourth quarter of 2024, but a slight decrease from $141.5 million in the third quarter of 2025. For the full year 2025, net income totaled $566.3 million, up from $526.3 million in the comparable period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/22356/000002235626000002/cbsh12312025ex991.htm"></span></p><h4>Revenue Metrics</h4><p>Net interest income in the fourth quarter of 2025 reached $283.2 million, marking an increase of $3.7 million over the prior quarter. On a fully taxable-equivalent (FTE) basis, net interest income increased $4.1 million over the previous quarter to $285.8 million. Total non-interest income for the fourth quarter of 2025 was $166.2 million, representing a $10.8 million (6.9%) increase year-over-year and a $4.7 million increase over the prior quarter. Non-interest income comprised 37.0% of the company’s total revenue in the fourth quarter of 2025. Trust fees increased $5.8 million (10.3%) year-over-year, driven by higher private client fees. Deposit account charges and other fees rose by $2.5 million (9.7%) year-over-year, mainly due to higher corporate cash management fees. Bank card transaction fees decreased $1.0 million (2.2%) compared to the same period last year but increased $1.2 million over the prior quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/22356/000002235626000002/cbsh12312025ex991.htm"></span></p><h4>Operational Metrics</h4><p>Total non-interest expense was $253.0 million in the fourth quarter of 2025, compared to $235.7 million in the same period last year and $244.0 million in the prior quarter. Salaries and employee benefits increased $9.1 million (5.9%) year-over-year, primarily due to higher full-time salaries ($3.5 million), incentive compensation ($2.7 million), and healthcare expense ($1.3 million). Data processing and software expense increased $2.8 million year-over-year, including a $1.6 million software write-off. Professional and other services increased $5.6 million year-over-year, which included $2.6 million in acquisition-related legal and professional services expense. Deposit insurance expense decreased $3.3 million year-over-year due to a $3.9 million accrual adjustment to the FDIC’s special assessment. Return on Average Assets (ROAA) was 1.73% for the fourth quarter of 2025 and 1.79% for the full year 2025. Return on Average Equity (ROAE) was 14.70% for the fourth quarter of 2025 and 15.76% for the full year 2025. The Efficiency Ratio was 56.2% for the fourth quarter of 2025 and 55.47% for the full year 2025. The Net Yield on Interest Earning Assets decreased four basis points to 3.60% in the fourth quarter of 2025 from the prior quarter. Provision for Credit Losses totaled $15.993 million for the fourth quarter of 2025, compared to $13.508 million in the fourth quarter of 2024 and $20.061 million in the third quarter of 2025. For the full year 2025, it was $56.138 million, compared to $32.903 million in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/22356/000002235626000002/cbsh12312025ex991.htm"></span></p><h4>Balance Sheet and Credit Quality</h4><p>As of December 31, 2025, total assets were $32.9 billion, an increase of $626.4 million over the prior quarter. Average loan balances totaled $17.7 billion in the fourth quarter of 2025, an increase of $166.5 million (1.0%) over the prior quarter and $591.1 million over the same quarter last year. Average deposit balances increased $816.0 million (3.3%) over the prior quarter, with the average rate paid on interest bearing deposits decreasing nine basis points to 1.62%. The Loans to Deposits Ratio was 69.0% in the current quarter, compared to 70.6% in the prior quarter. The Allowance for Credit Losses on Loans increased $3.8 million during the fourth quarter of 2025 to $179.5 million. The ratio of the allowance for credit losses on loans to total loans was 1.01% at December 31, 2025, compared to 0.99% at September 30, 2025. Net loan charge-offs amounted to $9.9 million in the fourth quarter of 2025, compared to $10.3 million in the prior quarter and $10.7 million in the same period last year. The ratio of annualized net loan charge-offs to average loans was 0.22% in the current quarter, 0.23% in the previous quarter, and 0.25% in the same quarter last year. Non-accrual loans totaled $15.8 million at December 31, 2025, a decrease of $503 thousand compared to the previous quarter, representing 0.09% of total loans outstanding. The Tangible Common Equity to Tangible Assets Ratio grew 119 basis points to 11.11% year-over-year. Book Value Per Share increased by $4.09 (17%) to $27.75 compared to the same period last year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/22356/000002235626000002/cbsh12312025ex991.htm"></span></p><h4>Other Key Metrics</h4><p>科默斯银行 (Commerce Bancshares, Inc.) recorded net securities gains of $2.9 million in the current quarter, compared to $7.9 million in the prior quarter and $977 thousand in the fourth quarter of 2024. These gains primarily resulted from net fair value adjustments of $7.9 million on private equity investments, partially offset by losses of - $4.2 million on sales of available for sale debt securities. The company repurchased 2.2 million common shares in the fourth quarter at an average price of $53.29. A cash dividend of $0.262 per common share (as restated for the stock dividend) was paid, representing a 7% increase over the same period last year. As of December 31, 2025, full-time equivalent employees totaled 4,667, and the number of bank/ATM locations was 236.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/22356/000002235626000002/cbsh12312025ex991.htm"></span></p><h4>Outlook / Guidance</h4><p>On January 1, 2026, 科默斯银行 (Commerce Bancshares, Inc.) completed the FineMark acquisition, which is expected to strengthen its platform for sustained growth in wealth management and private banking. The company anticipates maturities and paydowns of approximately $1.2 billion in available for sale investment securities over the next 12 months.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/22356/000002235626000002/cbsh12312025ex991.htm"></span></p>

Commerce Bancshares | 8-K: FY2025 Q4 Revenue: USD 449.36 M