Commerce Bancshares (CBSH) Bank of America Financial Services Conference 2026 summary

2025 performance and strategic acquisition

• Achieved record earnings, EPS, and ROA in 2025, building on 10% EPS growth in 2024 and 9% in 2025.

• Completed the FineMark acquisition, marking a return to M&A after 13 years, with assets under management growing from $7B to over $8B.

• Maintained FineMark’s client-facing model and brand, focusing on strategic growth rather than cost-cutting.

• FineMark’s leadership remains in place, supporting integration and leveraging broader product offerings.

• Expansion into Southern Florida, Scottsdale, and South Carolina enhances market presence and client convenience.

Operational integration and business outlook

• FineMark bankers now access broader commercial and wealth management capabilities, including specialized services.

• Private banking and trust assets expected to show increased growth with FineMark integration.

• Co-branding strategy leverages FineMark’s strong reputation in the wealth segment, especially in Florida.

• Anticipates gradual recovery in loan growth as market conditions stabilize through 2026.

Loan and deposit trends

• Loan growth in 2025 was about 3%, with moderate expectations for 2026 as borrower sentiment remains cautious but stable.

• Deposit growth trendline is 2%-3%, with competition stabilizing and low-cost funding base supporting growth.

• Deposit beta currently in the 20s, with potential to reach the 30s through the cycle, supported by hedges against zero-rate environments.

• Asset sensitivity is managed with hedges and a focus on maintaining strong returns even in low-rate periods.