Filing Flows › Commerce Bancshares (CBSH) › Q3 2026
Commerce Bancshares (CBSH) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Commerce Bancshares (CBSH) reported revenue of $494M for the third quarter 2026 (Q3 2026), +12% from a year earlier and -0.9% from the quarter before. Operating margin was 41.0%, net earnings $155M (31.4% of revenue).
Commerce Bancshares, Q3 2026: revenue $494M (+12% year over year), operating margin 41.0%, net earnings $155M, operating cash flow $221M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $494M | -0.9% | +12% |
| Operating profit | $202M | -2% | +10% |
| Net earnings | $155M | -3% | +10% |
| Operating cash flow | $221M | +21% | +71% |
| Free cash flow | $181M | +7% | +60% |
What changed
Revenue was $494.3M in Q3 2026, up 12% year over year and down 1% from the previous quarter. Net interest income was the largest line at 62% of revenue. Net interest income added $29.4M year over year (up 11%), 55% of the total change.
Operating profit was $202.5M, a 41.0% margin (down 0.9 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, below the 42% margin then. Total costs grew 14% against revenue growth of 12%. Net earnings were $155.0M, up 10% year over year. The effective tax rate was 21.9%.
Operating cash flow was $220.6M (up 71% year over year), 140% of net earnings. Non-cash charges added back $20.6M of depreciation and amortization and $7.2M of share-based compensation. Working capital and other items added $34.8M. Capital expenditures of $39.6M left free cash flow of $181.0M.
Questions
What was Commerce Bancshares' revenue in the third quarter 2026?
Commerce Bancshares (CBSH) reported revenue of $494M for the third quarter 2026 (Q3 2026), +12% from a year earlier and -0.9% from the quarter before.
Was Commerce Bancshares profitable in the third quarter 2026?
Operating profit was $202M (41.0% of revenue) and net earnings $155M.