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Commerce Bancshares Net Income Rises as Acquisitions Expand Investment Banking and Wealth Services

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Commerce Bancshares Net Income Rises as Acquisitions Expand Investment Banking and Wealth Services

Commerce Bank parent company Commerce Bancshares increased its net income year over year to $155 million in the third quarter, up from $141.5 million in the same quarter in 2025, thanks in part to its diversified business model, the company said in a Tuesday (Oct. 20) press release.

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“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 said in the release. “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 ability to support business owners by completing its acquisition of St. Louis-based boutique investment banking firm Nolan & Associates on Oct. 1, the day after the end of the third quarter. Nolan & Associates serves middle-market clients across the United States, Commerce Bank said in an Oct. 1 press release.

“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.


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