Commerce Bancshares said first-quarter trust fees rose 26%, or $14.5 million, year over year as it expanded its wealth management focus. The growth was aided by the recently acquired FineMark National Bank & Trust, highlighting a positive contribution from M&A to fee income. The update is constructive for fundamentals but likely a modest stock driver.
Commerce Bancshares said first-quarter trust fees rose 26%, or $14.5 million, year over year as it expanded its wealth management focus. The growth was aided by the recently acquired FineMark National Bank & Trust, highlighting a positive contribution from M&A to fee income. The update is constructive for fundamentals but likely a modest stock driver.
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moderately positive
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