{
  "id": 15729389,
  "title": "Commerce Bancshares beats Q3 earnings, misses on revenue",
  "url": "https://urgent.news/2026/10/20/commerce-bancshares-beats-q3-earnings-misses-on-revenue",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T10:12:38.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/earnings/commerce-bancshares-beats-q3-earnings-misses-on-revenue-93CH-4959411"
  },
  "original_language": "en",
  "account": "Commerce Bancshares, Inc. (CBSH) posted stronger-than-expected third quarter earnings on Tuesday, surpassing analysts' estimates while revenue trailed the consensus projection. With $1.08 per share in earnings, the company outpaced the anticipated $1.07 per share, and revenue came in at $494.3 million, slightly below the forecasted $498.4 million. After-hours trading saw shares rise by 0.09%. For the quarter, net income climbed to $155.0 million, a 9.5% increase from $141.5 million in the same period last year. However, revenue dropped 10.5% year-over-year, falling from $440.97 million in Q3 2025 to $494.3 million. Net interest income saw a decrease of $6.2 million to $308.9 million, while non-interest income rose $1.6 million to $185.5 million, constituting 37.5% of total revenue. Net yield on interest earning assets dipped six basis points to 3.71%. CEO John Kemper praised the quarter, noting solid profitability, broad-based loan growth, ongoing fee business momentum, and exceptional credit quality. Loan balances expanded at an annualized rate of over 7%, fueled by robust performance in commercial and wealth segments. The average loan balance rose to $20.7 billion, marking a $172.3 million increase from the previous quarter. Trust fees surged $15.0 million, or 25.7%, compared to the same quarter last year, while bank card fees grew $3.6 million, or 8.0%. The ratio of annualized net loan charge-offs to average loans stood at 0.20% for the quarter, slightly higher than the 0.19% figure in the prior quarter. During the quarter, the company repurchased around 1.9 million shares at an average price of $58.84.",
  "summary": null,
  "key_points": [
    "Commerce Bancshares beats Q3 earnings with $1.08 per share",
    "Revenue trails consensus projection at $494.3 million",
    "Loan balances expand 7% annually, trust fees surge 25.7%"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}