Commerce Bancshares Inc

Commerce Bank has completed its acquisition of Nolan & Associates, a St. Louis-based boutique investment banking firm serving middle-market clients nationwide. The deal adds investment banking capabilities and strengthens Commerce's ability to support business owners through growth, acquisition, capital-raising and ownership transition decisions. Nolan & Associates will retain its leadership team, employees and its Brentwood, Missouri office, ensuring continuity for clients and team members. The transaction was completed through Commerce Bank's acquisition of Middle Market Transactions, Inc., an affiliate of Nolan & Associates; the two were consolidated before the acquisition, and MMTI is now a wholly-owned subsidiary of Commerce Bank that will conduct business under the Nolan & Associates name. Terms of the transaction were not disclosed. Commerce Bancshares, Inc. is a regional bank holding company with $35.3 billion in assets as of June 30, 2026.

Commerce Bancshares declared a quarterly dividend of $0.275 per share, in line with the previous payout. The dividend carries a forward yield of 1.85% and is payable on September 22 to shareholders of record as of September 4, with the ex-dividend date also set for September 4.

United Community Banks will report its second-quarter earnings this Tuesday before market hours. Last quarter, the regional bank posted revenues of $272.4 million, up 9.6% year on year, but missed analysts' revenue expectations and saw net interest income slightly below estimates. For the upcoming report, the market expects revenue growth of 7.8% year on year, an improvement from the 6.1% increase in the same quarter last year. Analysts have largely maintained their estimates over the past 30 days, though the company has missed Wall Street revenue estimates multiple times over the last two years. Among peers, M&T Bank and Commerce Bancshares both beat revenue expectations in their recent Q2 results, with M&T Bank shares rising 5% and Commerce Bancshares up 1.7% following their reports. United Community Banks shares have gained 9.2% over the past month, outperforming the 6.3% average increase in the regional banks segment, and the stock heads into earnings with an average analyst price target of $39.10 compared to its current price of $36.44.

Commerce Bancshares shares rose 1.7% after the company reported second-quarter 2026 earnings of $1.10 per share, surpassing the Zacks Consensus Estimate of $1.04. Net income attributable to Commerce Bancshares was $159.8 million, up 4.8% year over year. Total revenues increased 11.9% to $498.9 million, driven by a 12.5% rise in net interest income to $315.1 million and an 11% increase in non-interest income to $183.8 million. Non-interest expenses climbed 21.5% to $297.1 million, and the provision for credit losses rose 56% to $8.7 million. As of June 30, 2026, net loans grew 1.9% sequentially to $20.64 billion, while total deposits fell 1.8% to $27.88 billion.

Commerce Bank, the primary subsidiary of Commerce Bancshares, has agreed to acquire St. Louis-based boutique investment banking firm Nolan & Associates. Terms of the transaction were not disclosed, and the deal remains subject to regulatory approval and customary closing conditions. As part of the deal, Commerce Bancshares will also acquire Middle-Market Transactions, Inc., a FINRA-regulated entity through which Nolan & Associates offers advisory services. Nolan & Associates provides sell-side, buy-side and capital raise advisory services to middle-market clients and will operate as a wholly owned subsidiary of Commerce Bank upon completion. The acquisition broadens Commerce Bancshares' ability to serve business owners at key transition points and supports its strategy of building a more diversified, relationship-driven revenue base with deeper advisory capabilities.