Filing Flows › Commerce Bancshares (CBSH) › Q3 2026 › vs Q3 2025
Commerce Bancshares (CBSH) Q3 2026 vs Q3 2025 (year over year)
Commerce Bancshares's revenue rose $53.4M (+12%) from $441M in Q3 2025 to $494M in Q3 2026. The biggest changes: Net interest income +$29.4M (+11%); Noninterest income +$24.0M (+15%). Operating margin 41.0% against 41.9% (-0.9 pts).
Commerce Bancshares, Q3 2026: revenue $494M (+12% year over year), operating margin 41.0%, net earnings $155M, operating cash flow $221M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 41.0% | 41.9% | -0.9 pts |
| Net margin | 31.4% | 32.1% | -0.7 pts |
| Free cash flow margin | 36.6% | 25.7% | +10.9 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Net interest income | $309M | $279M | $29.4M | +11% |
| Noninterest income | $185M | $162M | $24.0M | +15% |
| Revenue | $494M | $441M | $53.4M | +12% |
| Operating profit | $202M | $185M | $17.7M | +10% |
| Costs & expenses | $292M | $256M | $35.7M | +14% |
| Pre-tax earnings | $202M | $185M | $17.7M | +10% |
| Net earnings | $155M | $142M | $13.5M | +10% |
| Minority interests | $3.1M | $2.1M | $982K | +47% |
| Income tax | $44.4M | $41.2M | $3.3M | +8% |
| Depreciation & amortization | $20.6M | $14.1M | $6.6M | +47% |
| Share-based compensation | $7.2M | $4.4M | $2.8M | +63% |
| Working capital & other | $37.8M | −$30.9M | $68.8M | — |
| Operating cash flow | $221M | $129M | $91.6M | +71% |
| Free cash flow (OCF − capex) | $181M | $113M | $67.8M | +60% |
| Capital expenditures | $39.6M | $15.7M | $23.8M | +151% |
Questions
How much did Commerce Bancshares's revenue grow year over year in Q3 2026?
Commerce Bancshares's revenue rose $53.4M (+12%) from $441M in Q3 2025 to $494M in Q3 2026.
What drove Commerce Bancshares's revenue change in Q3 2026?
Net interest income +$29.4M (+11%); Noninterest income +$24.0M (+15%).