Company Reports Q4 Revenue of $449.36M, Beating Expectations
Reports Q4 revenue $449.36M, consensus $442.62M. Book value per share was $27.75 from $27.15 at previous quarter end. "Commerce delivered record revenues in the fourth quarter, driven by strong performance across both net interest income and non-interest income. Our overall results for the quarter and the full year are a reflection of the strength and diversity of our businesses and the dedication of our team members in serving our customers, communities and shareholders," said CEO John Kemper. "We repurchased 2.2 million common shares in Q4 and ended the year with robust levels of liquidity and capital. Compared to the same period last year, tangible common equity to tangible assets ratio grew 119 basis points to 11.11%, and our book value per share increased by $4.09, or 17%, to $27.75. Credit quality remains excellent with non-accrual loans at .09% of total loans, down two basis points from the same period last year. On January 1, 2026, we closed on the FineMark acquisition and officially welcomed our new colleagues into our organization. This combination strengthens our platform for sustained growth in wealth management and private banking, and I am eager see what we can accomplish together."
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Commerce Bancshares (CBSH) Reports Q4 Net Income of $140.66 Million, Exceeding Expectations
- Net Income Growth: Commerce Bancshares reported a net income of $140.66 million for Q4, translating to $1.01 per share, an increase from $136.11 million and $0.96 per share in the prior year, indicating sustained profitability improvements.
- Interest Income Rise: Net interest income grew to $283.15 million from $266.65 million last year, reflecting enhanced profitability in an improving interest rate environment, which further solidifies the company's market position.
- Total Revenue Increase: Total revenue for the quarter reached $449.36 million, up from $422.08 million year-over-year and exceeding the consensus estimate of $442.62 million, demonstrating the company's success in revenue diversification.
- Credit Loss Provision: The provision for credit losses was $15.99 million, compared to $13.51 million in the same period last year, indicating the company's cautious approach towards potential credit risks aimed at maintaining financial stability.
Commerce Bancshares Q4 EPS Beats Expectations with 6.5% Revenue Growth
- Earnings Performance: Commerce Bancshares reported a Q4 GAAP EPS of $1.01, beating expectations by $0.02, indicating stable profitability despite cautious market sentiment regarding future growth.
- Revenue Growth: The company achieved Q4 revenue of $449.36 million, reflecting a 6.5% year-over-year increase and surpassing market expectations by $6.74 million, demonstrating positive progress in revenue diversification.
- Net Interest Income: Net interest income reached $283.2 million, a $3.7 million increase from the prior quarter, although the net yield on interest-earning assets decreased to 3.60%, highlighting the impact of the interest rate environment on revenue.
- Return Metrics: The return on average assets for Q4 was 1.73%, with a return on average equity of 14.70% and an efficiency ratio of 56.2%, indicating effective resource allocation and cost control within the company.
