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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 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