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Commerce Bank

Kansas City, MO · Cert 24998 · Commerce Bancshares Inc.

State charter, Fed member · FED · 151 branches

Q2 2026

Board Package

Performance Trends and Peer Comparison

Part 1Performance Trends, own institution only2
Part 2Peer Comparison, banks over $10B in assets3

Basis

Quarter: Q2 2026, the quarter ended June 30, 2026, on both parts.

Income statement: year to date as filed, annualized, on both parts.

Balance sheet: as filed at quarter end.

Peer group

Banks over $10B in assets (n=142 to 144). Each measure ranks only the institutions that reported it, so n varies by measure.

Peer groups below the disclosure floor are suppressed.

Peer standing

Capital

65

Q2 2024Q2 2026peer median (50)

Asset Quality

68

Q2 2024Q2 2026peer median (50)

Profitability

52

Q2 2024Q2 2026peer median (50)

Liquidity

50

Q2 2024Q2 2026peer median

Efficiency

33

Q2 2024Q2 2026peer median (50)

Growth

No peer data yet

Capital, Asset Quality, Profitability, Efficiency: higher is always a stronger peer standing (▲ better, ▼ worse). Liquidity, Growth: the score reflects closeness to the peer median -- 100 is sitting exactly at the median, falling the same way whether the bank runs above or below it.

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas.

CallReports · callreports.ai · Board PackageGenerated 2026-10-11

Commerce Bank

Kansas City, MO · Cert 24998 · Commerce Bancshares Inc.

State charter, Fed member · FED · 151 branches

Q2 2026

$35.0BAssets
$20.8BLoans
$28.1BDeposits
$3.9BEquity
Loan mix
60%RE $10.9B24%C&I $4.4B16%Consumer $2.8BQ3 2024Q2 2026
Deposit mix
70%Interest-bearing $19.7B30%Noninterest $8.4BQ3 2024Q2 2026

Market Position · Kansas City, MO-KS · 2026 SOD (annual) · 9.9% share · #2 of 114 inst. · $9.8B of $99.1B

11.9% Jackson
12.4% St. Louis
7.5% Johnson
11.3% St. Charles

Executive Summary

  • Earnings: ROA of 1.25%, down 52 bps year over year; NIM at 3.48%.
  • Asset quality: problem loans at 0.17% of loans (-8 bps YoY), with net charge-offs at 0.24%.
  • Capital: tier 1 leverage ratio of 11.43%, up 53 bps from a year ago.
  • Funding: loans stand at 74.15% of deposits as of Q2 2026.

Return on Assets (YTD, annualized)

1.25%-52 bps YoY

Net Interest Margin (YTD, annualized)

3.48%+7 bps YoY

Efficiency Ratio (YTD, annualized)

58.89%+410 bps YoY

Tier 1 Leverage Ratio

11.43%+53 bps YoY

NIM

4.59%Q2 ’244.56%Q2 ’254.52%Q2 ’26+6%+2%

Non-interest income vs. expense

2.95%Q2 ’242.94%Q2 ’253.26%Q2 ’26-10%+32%

Year to date, annualized, through each quarter.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.06%1.22%1.68%1.77%1.76%1.74%1.56%1.25%-52 bps
Return on Equity12.95%14.84%19.27%19.71%19.07%18.60%14.97%11.77%-794 bps
Net Interest Margin3.24%3.21%3.31%3.40%3.42%3.36%3.35%3.48%+7 bps
Efficiency Ratio56.85%56.36%55.51%54.79%54.60%54.68%60.17%58.89%+410 bps
Non-Interest Burden1.01%0.98%0.98%0.96%0.96%0.95%1.29%1.27%+31 bps
Growth
Asset Growth (YoY)0.44%0.96%6.74%5.78%2.36%2.87%10.24%9.09%+330 bps
Loan Growth (YoY)-0.25%0.08%0.47%2.93%4.08%3.21%17.72%17.93%+1,500 bps
Deposit Growth (YoY)1.01%-0.05%5.87%4.74%0.54%0.98%9.32%8.68%+394 bps
Asset Quality
Nonperforming Loans / Loans0.24%0.25%0.24%0.25%0.21%0.23%0.16%0.17%-8 bps
Net Charge-Offs / Loans0.22%0.23%0.25%0.23%0.23%0.23%0.29%0.24%0 bps
Allowance / Loans0.94%0.94%0.96%0.94%0.99%1.01%0.97%0.94%0 bps
Allowance Coverage of NPLs4.0x3.8x4.0x3.7x4.6x4.4x5.9x5.5x+1.8x
Capital
Tier 1 Leverage Ratio10.29%10.36%10.53%10.91%11.12%11.13%11.31%11.43%+53 bps
Total Risk-Based Capital14.80%14.98%15.29%15.53%15.87%16.15%16.21%15.92%+38 bps
Equity / Assets8.91%8.48%9.00%9.49%9.90%10.03%10.78%11.02%+153 bps
Liquidity & Funding
Loans / Deposits66.52%67.06%66.35%68.33%68.86%68.53%71.45%74.15%+581 bps
Liquid Assets / Assets8.43%8.26%8.56%8.19%7.74%8.40%9.21%6.46%-173 bps
CRE / Total Capitaln/an/an/an/a139.90%134.80%135.64%n/an/a

Source: FFIEC Call Report (031/041/051), as filed. Dollar figures derived from reported amounts in thousands. Ratios computed by CallReports.ai using published regulatory formulas. Income-statement figures are year-to-date as filed, annualized (the UBPR convention). Each quarter includes the ones before it.

CallReports · callreports.ai· Performance TrendsGenerated 2026-10-11

Commerce Bank

Kansas City, MO · Cert 24998 · Peer group: banks over $10B in assets (n=142-144) · Commerce Bancshares Inc.

State charter, Fed member · FED · 151 branches

Q2 2026

$35.0BAssets
$20.8BLoans
$28.1BDeposits
$3.9BEquity

Executive Summary

  • Strongest standing: nonperforming loans / loans outperforms 94% of banks over $10B in assets (rank 10 of 142).
  • Widest gap: efficiency ratio trails 67% of banks over $10B in assets (rank 98 of 144).
  • Overall: at or above the peer median on 4 of 9 directional measures.

Return on Assets

1.23%

Rank 73 of 144

Net Interest Margin

3.48%

Rank 57 of 144

Efficiency Ratio

60.01%

Rank 98 of 144

Equity / Assets

11.02%

Rank 79 of 144

Non-interest income vs. expense

$0.7B$1.2BINCOMEEXPENSE
Unfavorable gap of $0.4B · efficiency ratio beats 33% of banks over $10B in assets
Bank 60.01%Peer median 56.0%Q3 2024Q2 2026Shaded: peer 25th to 75th percentile
MetricYour BankPeer 25thPeer MedianPeer 75thStandingRank8-Qtr TrendPeer Position
Earnings
Return on Assets1.23%1.00%1.26%1.54%Beats 49%73 / 144
Return on Equity11.16%8.98%11.34%14.40%Beats 47%77 / 144
Net Interest Margin3.48%2.82%3.31%3.68%Beats 60%57 / 144
Efficiency Ratio60.01%49.42%56.02%62.41%Beats 33%98 / 144
Asset Quality
Nonperforming Loans / Loans0.17%0.48%0.73%1.07%Beats 94%10 / 142
Net Charge-Offs / Loans0.14%0.05%0.11%0.22%Beats 42%84 / 142
Capital
Tier 1 Capital Ratio15.11%12.07%12.98%14.92%Beats 77%33 / 144
Total Risk-Based Capital Ratio15.92%13.39%14.14%16.25%Beats 72%41 / 144
Equity / Assets11.02%9.69%11.39%12.96%Beats 45%79 / 144
Liquidity & Funding
Loans / Deposits74.15%75.72%84.92%91.56%22nd pctl112 / 143
Loans / Assets59.51%59.83%69.07%74.80%24th pctl109 / 144
Brokered Deposits / Depositsn/aNot reported for this institution