Stock Data
$0.44 (0.75%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
Commerce Bancshares Inc, based in Kansas City, Missouri since 1865, serves individuals and businesses across the U.S. with a broad range of financial products and services. This includes everything from personal banking and mortgages to corporate lending and wealth management. The company operates in three main segments: Consumer, Commercial, and Wealth, offering specialized services such as consumer loans, corporate lending, investment management, and more. Commerce Bancshares also embraces technology through online and mobile banking, catering to the modern financial needs of its customers.
Commerce Bancshares beat Q2 profit and revenue estimates as a deliberate $97.7 million securities portfolio loss repositioning boosted net interest margin 18 basis points to 3.77%, positioning the Kansas City regional bank for more durable earnings ahead. Credit quality also improved sharply, with the net charge-off ratio falling to 0.19% from 0.30% in the prior quarter.
Commerce Bancshares reports Q2 earnings at 6 AM ET with net interest margin and commercial real estate credit quality under the microscope as regional bank season heats up.
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