Commerce Bancshares Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	1,484	1,063	984.98	646.93	571.43
Interest Income on Investments	-	406.62	396.31	352.05	276.86
Total Interest Income	1,484	1,470	1,381	998.98	848.29
Interest Paid on Deposits	371.87	336.16	246.14	30.47	11.24
Interest Paid on Borrowings	-	93.15	137.02	26.33	1.62
Total Interest Expense	371.87	429.31	383.16	56.79	12.87
Net Interest Income	1,112	1,040	998.13	942.19	835.42
Net Interest Income Growth (YoY)	6.88%	4.22%	5.94%	12.78%	0.67%
Trust Income	232.7	214.43	190.95	184.72	188.23
Gain (Loss) on Sale of Assets	-	2.5	2.1	-	-
Gain (Loss) on Sale of Investments	3.66	7.82	14.99	20.51	30.06
Gain (Loss) on Sale of Equity Investments	-	-	-	-	-2.6
Other Non-Interest Income	311.34	298.29	289	267.44	277.55
Total Non-Interest Income	655.94	623.38	588.03	567.04	590.45
Non-Interest Income Growth (YoY)	5.22%	6.01%	3.70%	-3.96%	14.23%
Revenues Before Loan Losses	1,768	1,664	1,586	1,509	1,426
Provision for Loan Losses	56.14	32.9	35.45	28.07	-66.33
Revenue	1,712	1,631	1,551	1,481	1,492
Revenue Growth (YoY)	4.96%	5.16%	4.70%	-0.74%	23.37%
Salaries and Employee Benefits	628.45	558.11	535.5	507.47	481.75
Occupancy Expenses	54.32	53.22	53.63	49.12	48.19
Federal Deposit Insurance	10.05	16.48	33.16	10.58	9.09
Selling, General & Administrative	248.71	241.76	235.49	224.78	174.27
Other Non-Interest Expense	38.3	71.66	73.2	56.83	84.4
Total Non-Interest Expense	979.83	941.23	930.98	848.78	797.7
EBT Excluding Unusual Items	731.84	689.49	619.73	632.38	694.5
Legal Settlements	-	-10	-	-	-8.2
Pretax Income	731.84	679.49	619.73	632.38	686.3
Income Tax Expense	161.14	145.09	134.55	132.36	145.71
Earnings From Continuing Operations	570.7	534.4	485.18	500.02	540.59
Minority Interest in Earnings	-4.45	-8.07	-8.12	-11.62	-9.83
Net Income	566.25	526.33	477.06	488.4	530.77
Preferred Dividends & Other Adjustments	-	4.91	4.24	4.45	4.85
Net Income to Common	566.25	521.42	472.82	483.95	525.92
Net Income Growth	7.58%	10.33%	-2.32%	-7.98%	49.91%
Basic Shares Outstanding	140	141	143	145	148
Diluted Shares Outstanding	140	141	143	145	148
Shares Change (YoY)	-0.89%	-1.38%	-1.34%	-1.93%	-0.39%
EPS (Basic)	4.04	3.69	3.30	3.34	3.56
EPS (Diluted)	4.04	3.69	3.30	3.33	3.55
EPS Growth	9.57%	11.82%	-0.97%	-6.16%	55.80%
Dividend Per Share	1.100	0.980	0.933	0.872	0.823
Dividend Growth	12.29%	4.96%	6.98%	6.04%	2.07%
Effective Tax Rate	22.02%	21.35%	21.71%	20.93%	21.23%

Source: S&P Global Market Intelligence. Banks template. Financial Sources.