Commerce Bancshares, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 5, 2026, reporting third-quarter net income attributable to the company of $154,990 thousand.

Key Highlights

  • Net income attributable to Commerce Bancshares: $154,990 thousand for Q3 2026, compared to $141,518 thousand in Q3 2025.
  • Diluted earnings per share: $1.08 for the three months ended September 30, 2026, up from $1.01 in the same period of 2025.
  • Total assets: $34,823,384 thousand as of September 30, 2026, compared to $32,915,089 thousand at December 31, 2025.
  • Net interest income: $308,877 thousand for Q3 2026, versus $279,457 thousand for Q3 2025.
  • Total loans: $21,211,941 thousand as of September 30, 2026, up from $17,771,263 thousand at December 31, 2025.
  • Provision for credit losses: $10,025 thousand for Q3 2026, compared to $20,061 thousand for Q3 2025.
  • Shares outstanding: 141,556,665 shares of $5 par value common stock as of November 3, 2026.

Commerce Bancshares Third-Quarter 2026 Financial Results and Balance Sheet Position

According to the filing, Commerce Bancshares, Inc. (NASDAQ:CBSH) reported net income of $158,076 thousand for the three months ended September 30, 2026, with $154,990 thousand attributable to the company after deducting non-controlling interest expense of $3,086 thousand. For the nine months ended September 30, 2026, net income attributable to Commerce Bancshares totaled $456,403 thousand, compared to $425,589 thousand for the same period of 2025. Basic and diluted net income per common share each came to $1.08 for Q3 2026 and $3.14 for the nine-month period, the filing disclosed.

The filing reported total interest income of $402,695 thousand for Q3 2026, driven primarily by interest and fees on loans of $295,936 thousand. Total interest expense for the quarter was $93,818 thousand, yielding net interest income of $308,877 thousand. Total non-interest income reached $185,466 thousand for Q3 2026, with trust fees of $73,418 thousand and bank card transaction fees of $49,182 thousand representing the two largest components. Total non-interest expense was $285,931 thousand for the quarter, with salaries and employee benefits accounting for $181,566 thousand of that total.

On the balance sheet as of September 30, 2026, the filing disclosed total assets of $34,823,384 thousand and total deposits of $27,247,867 thousand. Goodwill rose to $253,805 thousand from $146,539 thousand at December 31, 2025, and other intangible assets, net, increased to $135,087 thousand from $13,311 thousand, according to the filing. Total Commerce Bancshares shareholders' equity was reported at $4,188,582 thousand, with accumulated other comprehensive loss of $678,958 thousand. The allowance for credit losses on loans stood at $197,840 thousand as of September 30, 2026.

What Was Disclosed

Commerce Bancshares filed its quarterly report covering the period ended September 30, 2026, disclosing income statements, a consolidated balance sheet, and statements of comprehensive income, equity changes, and cash flows for the three and nine months then ended.