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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 0.93%, down 92 bps year over year; NIM at 3.56%.
  • Asset quality: problem loans at 0.17% of loans (-8 bps YoY), with net charge-offs at 0.18%.
  • 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 (quarter, annualized)

0.93%-92 bps YoY

Net Interest Margin (quarter, annualized)

3.56%+9 bps YoY

Efficiency Ratio (quarter, annualized)

57.65%+355 bps YoY

Tier 1 Leverage Ratio

11.43%+53 bps YoY

NIM

4.66%Q2 ’244.60%Q2 ’254.57%Q2 ’26+5%+3%

Non-interest income vs. expense

2.80%Q2 ’242.96%Q2 ’253.26%Q2 ’26+2%+31%

Discrete quarter, annualized.

MetricQ3 2024Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026YoY ΔTrend
Earnings
Return on Assets1.76%1.70%1.68%1.85%1.73%1.72%1.56%0.93%-92 bps
Return on Equity20.52%19.59%19.27%20.07%17.83%17.22%14.97%8.55%-1,152 bps
Net Interest Margin3.34%3.32%3.31%3.46%3.47%3.43%3.35%3.56%+9 bps
Efficiency Ratio54.61%54.95%55.51%54.10%54.23%54.91%60.17%57.65%+355 bps
Non-Interest Burden0.92%0.95%0.98%0.94%0.97%0.98%1.29%1.23%+29 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%0.25%0.25%0.22%0.23%0.22%0.29%0.18%-4 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