Commerce Bancshares beats Q3 EPS estimates on loan growth
Commerce Bancshares posted Q3 adjusted EPS of $1.08, above the $1.07 consensus, while revenue slightly missed, according to Reuters.
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what happened
US regional lender Commerce Bancshares reported Q3 revenue of $494.34 million, slightly below the $497.59 million consensus. Adjusted earnings per share came in at $1.08 against the $1.07 expected, and net income reached $154.99 million versus an estimate of $152.05 million. Reuters cites LSEG and company data for these figures.
The company said broad loan growth in its commercial and wealth segments supported the quarter, along with higher trust, bank card and deposit fees. It repurchased about 1.9 million shares during the period and reported continued low net loan charge-offs. Commerce Bancshares did not provide specific guidance for future quarters or the full year.
why it matters
The results concern a single bank, but they point to steady lending and fee income at US regional lenders. The average analyst rating is hold, and the median 12-month price target of $63 sits about 14% above the October 19 close of $55.11.
market impact
US banks: EPS above forecasts supports interest in the regional bank segment
tags
instruments
sources
- Commerce Bancshares Q3 EPS beats, helped by loan growth — Reuters, 20 October 2026 at 10:08 UTC
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