Monitor next quarter for acquisition cost synergies and trust fee growth sustainability. The 5% YoY EPS decline despite revenue growth suggests integration costs are pressuring margins.
Price Chart
Executive Summary
Commerce Bancshares reported Q1 2026 EPS of $0.96, beating consensus by 3.5%, driven by the first full quarter of FineMark acquisition integration. Net interest income rose to $299.8M, but EPS declined 5% YoY due to elevated acquisition-related expenses. The company repurchased $84M in stock.
Key Financial Metrics
Key Facts
- EPS of $0.96 beat consensus of $0.93 by 3.5%
- Net interest income increased 16.7% QoQ to $299.8M
- Non-interest expense rose 15% QoQ to $291.1M, including $14M in acquisition-related costs
- Efficiency ratio worsened to 60.0% from 56.2% due to acquisition expenses
- Repurchased 1.6M shares for $84M
Financial Impact
Earnings beat by 3.5% but down 5% YoY; revenue up 11% YoY
Risk Factors
- Integration of FineMark acquisition may take longer than expected
- Elevated non-interest expenses could persist, pressuring efficiency ratio
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000022356-26-000123 |
| Document: a2026q1earningshighlight.htm | 0000022356-26-000123 |
| Document: cbsh-20260421.htm | 0000022356-26-000123 |
| Document: 0000022356-26-000123-index-headers.html | 0000022356-26-000123 |
| Document: 0000022356-26-000123-index.html | 0000022356-26-000123 |
| Document: 0000022356-26-000123.txt | 0000022356-26-000123 |
| 8-K Data (Synthetic) | 0000022356-26-000123 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 6w ago | Institutional Cluster | $59.71 $58.51 | ▼ −2.01% | ▼ −0.03% | $55.28 (−7.42%) |
Aug 6, 2026 8w ago | Insider Cluster | $59.13 $58.37 | ▼ −1.29% | ▼ −1.89% | $55.28 (−6.51%) |
Jul 31, 2026 9w ago | Insider Cluster | $59.27 $58.04 | ▼ −2.08% | ▼ −5.06% | $55.28 (−6.73%) |
Jul 30, 2026 9w ago | Insider Cluster | $59.44 $58.05 | ▼ −2.34% | ▼ −6.30% | $55.28 (−7.00%) |
Jul 29, 2026 9w ago | Insider Cluster | $60.33 $58.50 | ▼ −3.03% | ▼ −8.05% | $55.28 (−8.37%) |
Jul 6, 2026 12w ago | 8-K | $58.84 $59.67 | ▲ +1.41% | ▲ +0.08% | $55.28 (−6.05%) |
May 7, 2026 21w ago | 8-K | $52.48 $51.36 | ▼ −2.13% | ▼ −5.27% | $55.28 (+5.34%) |
Apr 28, 2026 22w ago | 8-K | $51.97 $52.41 | ▲ +0.85% | ▼ −4.62% | $55.28 (+6.37%) |
Apr 27, 2026 22w ago | 8-K | $51.97 $52.41 | ▲ +0.85% | ▼ −4.62% | $55.28 (+6.37%) |
Apr 21, 2026 23w ago | 8-K | $50.59 $51.91 | ▲ +2.61% | ▼ −2.31% | $55.28 (+9.27%) |
US Market Status
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