COMMERCE BANCSHARES INC /MO/ — Form 8-K
Filed July 16, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 48/100
What the filing says
Commerce Bancshares reported Q2 2026 net income of $159.8 million ($1.10 diluted EPS), up from $141.6 million ($0.96 EPS) in Q1 2026. Net interest margin expanded 18 basis points to 3.77%; net interest income rose $15.2 million to $315.1 million. The company repurchased 2.1 million shares at $53.03/share average ($110 million total) and paid dividends of $0.275/share. Non-interest income grew 4.5% QoQ to $183.8 million, bolstered by $105.4 million gain on Visa stock sales (103,000 shares), offset by $97.7 million loss from debt securities portfolio repositioning. Return on average assets was 1.84%; return on average equity 14.70%.
Why this rating
Solid Q2 execution with margin expansion and revenue growth, but gains include one-time Visa sales ($105M) and portfolio repositioning loss ($98M). $110M buyback is 1.4% of market cap. Modest trajectory change; routine operational earnings beat.
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