Commerce Bank's quarterly net income climbs by nearly 17%

Kansas City-based Commerce Bancshares Inc. (Nasdaq: CBSH) posted a 16.8% net income increase in the first quarter.

The operator of four Commerce Bank branches in Springfield reported net income of $131.6 million, compared with $112.7 million in the first quarter of 2024, according to a news release. Diluted share earnings were up to 98 cents from 82 cents per share a year earlier.

“These results are the product of strong execution against the backdrop of a relatively stable economy during the first quarter of 2025," Commerce CEO John Kemper said in the release. “Given recent news related to tariffs and trade restrictions, and in light of ongoing adjustment in capital markets, the outlook for the future is increasingly uncertain. Nonetheless, our franchise is well positioned to weather any economic disruption, execute our long-term strategies, serve our customers and deliver value to our shareholders."

As of March 31, Commerce's assets were $32.4 billion and deposits were $25.8 billion.

CBSH shares were trading at $61.11 as of 8:52 a.m., compared with a 52-week range of $49.97 to $72.75 per share.