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Commerce Bancshares (NASDAQ:CBSH) Misses Q3 Revenue Estimates

By: StockStory

October 16, 2025 at 06:20 AM EDT

CBSH Cover Image

Regional banking company Commerce Bancshares (NASDAQ: CBSH) missed Wall Street’s revenue expectations in Q3 CY2025 as sales rose 3.7% year on year to $441 million. Its GAAP profit of $1.06 per share was 3.3% below analysts’ consensus estimates.

Is now the time to buy Commerce Bancshares? Find out by accessing our full research report, it’s free for active Edge members.

Commerce Bancshares (CBSH) Q3 CY2025 Highlights:

Net Interest Income: $279.5 million vs analyst estimates of $285.7 million (6.5% year-on-year growth, 2.2% miss)
Net Interest Margin: 3.6% vs analyst estimates of 3.7% (in line)
Revenue: $441 million vs analyst estimates of $446.4 million (3.7% year-on-year growth, 1.2% miss)
Efficiency Ratio: 55.3% vs analyst estimates of 54.7% (51.7 basis point miss)
EPS (GAAP): $1.06 vs analyst expectations of $1.10 (3.3% miss)
Market Capitalization: $7.55 billion

In making this announcement, John Kemper, Chief Executive Officer, said, “Commerce delivered another strong quarter, underscoring the resilience of our diversified operating model and the dedication of our talented team. Our third quarter results reflect steady loan balances, robust fee income, and disciplined expense management, all of which contributed to another period of high profitability.

Company Overview

Founded in 1865 during the post-Civil War economic boom, Commerce Bancshares (NASDAQGS:CBSH) is a Midwest-focused bank holding company that provides retail, commercial, and wealth management services to individuals and businesses.

Sales Growth

From lending activities to service fees, most banks build their revenue model around two income sources. Interest rate spreads between loans and deposits create the first stream, with the second coming from charges on everything from basic bank accounts to complex investment banking transactions. Luckily, Commerce Bancshares’s revenue grew at a decent 5.3% compounded annual growth rate over the last five years. Its growth was slightly above the average banking company and shows its offerings resonate with customers.

Long-term growth is the most important, but within financials, a half-decade historical view may miss recent interest rate changes and market returns. Commerce Bancshares’s annualized revenue growth of 4.5% over the last two years aligns with its five-year trend, suggesting its demand was consistently weak. Commerce Bancshares Year-On-Year Revenue Growth Note: Quarters not shown were determined to be outliers, impacted by outsized investment gains/losses that are not indicative of the recurring fundamentals of the business.

This quarter, Commerce Bancshares’s revenue grew by 3.7% year on year to $441 million, falling short of Wall Street’s estimates.

Net interest income made up 61.7% of the company’s total revenue during the last five years, meaning lending operations are Commerce Bancshares’s largest source of revenue.

Commerce Bancshares Quarterly Net Interest Income as % of Revenue

Net interest income commands greater market attention due to its reliability and consistency, whereas non-interest income is often seen as lower-quality revenue that lacks the same dependable characteristics.

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Key Takeaways from Commerce Bancshares’s Q3 Results

We struggled to find many positives in these results. Its net interest income missed and its EPS fell short of Wall Street’s estimates. Overall, this quarter could have been better. The stock remained flat at $56.65 immediately after reporting.

Commerce Bancshares underperformed this quarter, but does that create an opportunity to invest right now? When making that decision, it’s important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it’s free for active Edge members.

Symbol	Price	Change (%)
AMZN	215.19	+2.15 (1.01%)
AAPL	263.09	+10.80 (4.28%)
AMD	241.76	+8.68 (3.72%)
BAC	52.14	+0.86 (1.68%)
GOOG	256.25	+2.46 (0.97%)
META	729.65	+12.74 (1.78%)
MSFT	517.04	+3.46 (0.67%)
NVDA	183.72	+0.50 (0.27%)
ORCL	281.83	-9.48 (-3.25%)
TSLA	443.60	+4.29 (0.98%)

Symbol

Price

Change (%)

AMZN

215.19

+2.15 (1.01%)

AAPL

263.09

+10.80 (4.28%)

AMD

241.76

+8.68 (3.72%)

BAC

52.14

+0.86 (1.68%)

GOOG

256.25

+2.46 (0.97%)

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Commerce Bancshares (NASDAQ:CBSH) Misses Q3 Revenue Estimates

Commerce Bancshares (CBSH) Q3 CY2025 Highlights:

Company Overview

Sales Growth

Key Takeaways from Commerce Bancshares’s Q3 Results

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