Commerce Bank mum or dad firm Commerce Bancshares elevated its web earnings 12 months over 12 months to $155 million within the third quarter, up from $141.5 million in the identical quarter in 2025, thanks partly to its diversified enterprise mannequin, the corporate stated in a Tuesday (Oct. 20) press release.
“Commerce delivered another solid quarter, with strong profitability, broad-based loan growth, continued momentum across our fee businesses and excellent credit quality,” Commerce Bancshares CEO John Kemper stated within the launch. “Ending loan balances grew at an annualized rate of more than 7% during the quarter, led by continued strength in our commercial and wealth segments. These results reflect the durability of our diversified business model and our team’s continued focus on serving our customers.”
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Commerce Bank added investment banking capabilities and enhanced its potential to assist enterprise house owners by finishing its acquisition of St. Louis-based boutique funding banking agency Nolan & Associates on Oct. 1, the day after the top of the third quarter. Nolan & Associates serves middle-market shoppers throughout the United States, Commerce Bank stated in an Oct. 1 press launch.
“Their addition strengthens our ability to serve middle-market companies and business owners with a broader range of strategic and financial advisory services,” Bob Holmes, chairman and CEO of Commerce Bank—St. Louis, stated within the Oct. 1 launch.
That announcement got here 9 months after Commerce Bancshares accomplished one other acquisition, that of FineMark Holdings, the mum or dad firm of FineMark National Bank & Trust. When that merger closed on Jan. 1, Commerce stated it had turn out to be the fifteenth largest bank-managed belief firm based mostly on belongings beneath administration and had gained new areas for its private banking and wealth administration enterprise.
In an earnings highlights presentation launched Tuesday, Commerce stated its FineMark programs conversion is scheduled for February 2027 “to provide additional time for testing and team readiness” and that its “financial expectations and synergy targets remain unchanged.”
While Commerce Bancshares’ core banking footprint consists of 5 states within the Midwest, the corporate has seven wealth administration places of work in 4 states exterior that space and 7 business places of work in six states exterior the core space, in response to the presentation.
