Commerce Bancshares, Inc. Reports Strong Q2 2025 Earnings

By Ahmed Jameison • Wednesday, July 16 15:33 • Permanent Link

Commerce Bancshares, Inc. has reported strong financial performance in the second quarter of 2025. The company announced earnings of $1.14 per share for the three months ended June 30, 2025, compared to $1.03 per share in the same quarter last year and $.98 per share in the first quarter of 2025. The net income for the second quarter of 2025 amounted to $152.5 million, compared to $139.6 million in the second quarter of 2024 and $131.6 million in the prior quarter.

For the six months ended June 30, 2025, earnings per share totaled $2.12, compared to $1.85 for the first six months of 2024. Net income amounted to $284.1 million for the six months ended June 30, 2025, compared to $252.2 million in the comparable period last year.

The return on average assets for the year to date was 1.82%, and the return on average equity was 16.63%.

The company's financial results were supported by loan growth, strong fee income, low credit costs, and continued disciplined expense management. Net interest income was $280.1 million, an $11.0 million increase over the prior quarter, and the net yield on interest-earning assets increased 14 basis points to 3.70%.

Non-interest income totaled $165.6 million, an increase of $13.4 million, or 8.8%, over the same quarter last year. Trust fees grew $3.3 million, or 6.3%, compared to the same period last year, mostly due to higher private client fees.

Total assets on June 30, 2025, were $32.3 billion, a decrease of $80.7 million, or 0.2%, from the prior quarter. The return on average assets was 1.95%, the return on average equity was 17.40%, and the efficiency ratio was 54.8%.

Commerce Bancshares, Inc. also announced its plans to acquire Finemark Holdings, a respected and well-established bank and trust company, headquartered in Fort Myers, Florida. The acquisition is expected to bring new capabilities, specialized services for niche client segments, and extended market reach.

The market has reacted to these announcements by moving the company's shares 0.46% to a price of $63.59. If you want to know more, read the company's complete 8-K report here.

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