Commerce Bancshares Inc

Common Name

Commerce Bancshares

Country

United States

Sector

Financial Services

Industry

Banks - Regional

Employees

4,658

Ticker

CBSH

Exchange

NASDAQ/NGS

Website

www.commercebank.com

Description

Commerce Bancshares Inc. is a prominent financial holding company specializing in a diverse range of banking and financial services. Primarily, it operates through its wholly-owned banking subsidiary,... Show more

Financial Statements of Commerce Bancshares

Below are the financial statements of Commerce Bancshares, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.

Income Statement (as reported) Balance Sheet (as reported)

All figures in millions of USD	2024	2023	2022
Interest income	—	—	—
Interest and fees on loans	1,062.77^a	984.4^a	646.29^a
Interest on loans held for sale	0.17^a	0.58^a	0.64^a
Interest on investment securities	271.77^a	278.76^a	313.89^a
Interest on federal funds sold	0.05^a	0.66^a	0.41^a
Interest on securities purchased under agreements to resell	13.36^a	13.65^a	22.65^a
Interest on deposits with banks	121.44^a	103.25^a	15.1^a
Total interest income	1,469.56^a	1,381.29^a	998.98^a
Interest on deposits:	—	—	—
Savings, interest checking and money market	-226.88^a	-146.39^a	-25.1^a
Certificates of deposit of less than $100,000	-42.23^a	-38.69^a	-1.47^a
Certificates of deposit of $100,000 and over	-67.06^a	-61.06^a	-3.9^a
Interest expense	—	—	—
Interest on federal funds purchased	-12.22^a	-25.27^a	-1.84^a
Interest on securities sold under agreements to repurchase	-80.91^a	-73.16^a	-24.02^a
Interest on other borrowings	-0.02^a	-38.59^a	-0.47^a
Total interest expense	-429.31^a	-383.16^a	-56.79^a
Net interest income	1,040.25^a	998.13^a	942.19^a
Provision for credit losses	-32.9^a	-35.45^a	-28.07^a
Net interest income after credit losses	1,007.34^a	962.68^a	914.11^a
Non-interest income	—	—	—
Trust fees	214.43^a	190.95^a	184.72^a
Bank card transaction fees	189.78^a	191.16^a	176.14^a
Deposit account charges and other fees	100.34^a	90.99^a	94.38^a
Capital market fees	19.78^a	14.1^a	14.23^a
Consumer brokerage services	18.14^a	17.22^a	19.12^a
Loan fees and sales	12.89^a	11.17^a	13.14^a
Other	60.2^a	57.46^a	44.8^a
Total non-interest income	615.55^a	573.05^a	546.54^a
Investment securities gains (losses), net	7.82^a	14.99^a	20.51^a
Non-interest expense	—	—	—
Salaries and employee benefits	-607.86^a	-584.06^a	-554.05^a
Data processing and software	-127.39^a	-118.76^a	-110.69^a
Net occupancy	-53.22^a	-53.63^a	-49.12^a
Professional and other services	-35.08^a	-36.2^a	-35.81^a
Marketing	-22.35^a	-24.51^a	-23.83^a
Equipment	-20.62^a	-19.55^a	-19.36^a
Supplies and communication	-19.29^a	-19.42^a	-18.1^a
Deposit insurance	-16.48^a	-33.16^a	-10.58^a
Other	-48.93^a	-41.69^a	-27.25^a
Total non-interest expense	-951.23^a	-930.98^a	-848.78^a
Income before income taxes	679.49^a	619.73^a	632.38^a
Less income taxes	-145.09^a	-134.55^a	-132.36^a
Net income	534.4^a	485.18^a	500.02^a
Less non-controlling interest expense (income)	8.07^a	8.12^a	11.62^a
Net income attributable to Commerce Bancshares, Inc.	526.33^a	477.06^a	488.4^a

Verified Sources Behind Commerce Bancshares’s Financial Fundamentals Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Commerce Bancshares’s data sources below and access millions more through our Disclosure Search.

a. Commerce Bancshares's Annual Report 2024

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Commerce Bancshares Inc

Financial Statements of Commerce Bancshares

Verified Sources Behind Commerce Bancshares’s Financial Fundamentals Data

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