Commerce Bancshares

Q3 FY2026 EarningsQ3 FY26 results slightly beat consensus on the bottom line, with Diluted EPS of $1.08 vs. $1.07 expected, supported by robust non-interest income growth and effective cost management. Revenue reached $494.3M, narrowly missing the $496.2M estimate as net interest margin (NIM) faced pressure from the exit of TIPS inflation income. Strong performance in trust fees (+25.7% YoY) and aggressive share repurchases (1.9M shares) offset the NIM compression, while credit quality remained excellent with a non-accrual loan ratio of just 0.05%.