Commerce Bancshares (CBSH) Net Margin (2009 - 2026)

Commerce Bancshares' Net Margin history runs 18 years deep, the most recent figure standing at 30.35% for Q1 2026.

• In Q1 2026, Net Margin fell 17.0% year-over-year to 30.35%; the TTM figure through Mar 2026 stood at 32.26% (down 34.0% YoY), while the FY2025 annual figure was 32.35%, up 8.0% from the prior year.
• Net Margin was 30.35% for Q1 2026 at Commerce Bancshares, down from 31.75% in the prior quarter.
• In the past five years, Net Margin ranged from a high of 35.24% in Q1 2022 to a low of 28.34% in Q4 2023.
• Historically, Net Margin has averaged 32.15% across 5 years, with a median of 32.52% in 2024.
• The sharpest annual moves came in 2022 and 2024: Net Margin plunged 1445 bps in 2022, then jumped 418 bps in 2024.
• A 5-year view of Net Margin shows it stood at 34.14% in 2022, then retreated by 17 bps to 28.34% in 2023, then increased by 15 bps to 32.52% in 2024, then declined by 2 bps to 31.75% in 2025, then decreased by 4 bps to 30.35% in 2026.
• The last three Net Margin figures came in at 30.35% (Q1 2026), 31.75% (Q4 2025), and 32.57% (Q3 2025), per Business Quant data.