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COMMERCE BANCSHARES INC /MO/

SIC 6022 · State Commercial Banks
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$CBSH

COMMERCE BANCSHARES INC /MO/

CIK:0000022356|SEC Filings
v3.26.1
Consolidated Statements Of Income - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
INTEREST INCOME        
Interest and fees on loans $ 291,439 $ 260,444 $ 579,823 $ 514,638
Interest and fees on loans held for sale 23 40 52 63
Interest on investment securities 82,707 79,998 154,994 156,450
Interest on federal funds sold and short-term securities purchased under agreements to resell 6 2 13 31
Interest on Long-Term Securities Purchased Under Agreements To Resell 9,392 8,516 17,847 15,934
Interest on deposits with banks 23,764 22,636 51,109 48,885
Total interest income 407,331 371,636 803,838 736,001
INTEREST EXPENSE        
Savings, interest checking and money market 57,196 51,835 115,753 104,238
Certificates of deposit of less than $100,000 7,865 8,445 15,948 17,377
Certificates of deposit of $100,000 and over 11,402 12,914 23,500 26,233
Interest Expense, Federal Funds Purchased 2,290 1,416 3,570 2,800
Interest Expense, Securities Sold under Agreements to Repurchase 13,490 16,853 29,270 36,077
Interest on other borrowings 3 26 872 27
Total interest expense 92,246 91,489 188,913 186,752
Net interest income 315,085 280,147 614,925 549,249
Provision for credit losses 8,731 5,597 19,691 20,084
Net interest income after credit losses 306,354 274,550 595,234 529,165
NON-INTEREST INCOME        
Trust fee revenue 71,512 55,571 142,561 112,163
Bank card transaction fees 48,121 46,362 93,706 91,955
Deposit account charges and other fees 29,259 26,248 57,837 52,870
Consumer brokerage services 5,862 5,383 11,306 10,168
Capital market fees 5,667 6,175 11,005 11,287
Loan fees and sales 3,274 3,419 6,517 6,823
Other 20,133 22,455 36,747 39,296
Total non-interest income 183,828 165,613 359,679 324,562
INVESTMENT SECURITIES GAINS (LOSSES), NET        
INVESTMENT SECURITIES GAINS (LOSSES), NET 12,830 437 24,477 (7,154)
NON-INTEREST EXPENSE        
Salaries and employee benefits 179,954 155,025 360,741 308,103
Data processing and software 38,241 32,904 76,569 65,142
Professional and other services 16,506 12,973 35,298 22,999
Net occupancy 14,638 13,654 29,946 27,674
Marketing 6,413 5,974 13,370 11,817
Equipment 5,870 5,157 11,541 10,405
Supplies and communication 5,484 4,962 10,722 10,008
Deposit insurance 3,841 3,312 7,755 7,056
Other 26,121 10,476 42,252 19,609
Total non-interest expense 297,068 244,437 588,194 482,813
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 205,944 196,163 391,196 363,760
Less income taxes 45,775 42,400 86,656 79,364
Net income 160,169 153,763 304,540 284,396
Less non-controlling interest expense (income) 379 1,284 3,127 325
Net income attributable to Commerce Bancshares, Inc. $ 159,790 $ 152,479 $ 301,413 $ 284,071
Net income per common share — basic $ 1.10 $ 1.09 $ 2.06 $ 2.02
Net income per common share — diluted $ 1.10 $ 1.09 $ 2.06 $ 2.02