Commerce Bancshares, Inc. (FRA:CB5)

Commerce Bancshares Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,071	1,063	984.98	646.93	571.43	612.93
Interest Income on Investments	406.62	406.62	396.31	352.05	276.86	259.72
Total Interest Income	1,477	1,470	1,381	998.98	848.29	872.65
Interest Paid on Deposits	306.08	336.16	246.14	30.47	11.24	35.7
Interest Paid on Borrowings	93.15	93.15	137.02	26.33	1.62	7.11
Total Interest Expense	399.23	429.31	383.16	56.79	12.87	42.8
Net Interest Income	1,078	1,040	998.13	942.19	835.42	829.85
Net Interest Income Growth (YoY)	6.95%	4.22%	5.94%	12.78%	0.67%	1.04%
Trust Income	223.2	214.43	190.95	184.72	188.23	160.64
Gain (Loss) on Sale of Assets	2.5	2.5	2.1	-	-	-
Gain (Loss) on Sale of Investments	-2.31	7.82	14.99	20.51	30.06	11.03
Gain (Loss) on Sale of Equity Investments	-	-	-	-	-2.6	-
Other Non-Interest Income	309.6	298.29	289	267.44	277.55	252
Total Non-Interest Income	636.72	623.38	588.03	567.04	590.45	516.9
Non-Interest Income Growth (YoY)	5.45%	6.01%	3.70%	-3.96%	14.23%	-2.16%
Revenues Before Loan Losses	1,715	1,664	1,586	1,509	1,426	1,347
Provision for Loan Losses	42.73	32.9	35.45	28.07	-66.33	137.19
Revenue	1,672	1,631	1,551	1,481	1,492	1,210
Revenue Growth (YoY)	5.56%	5.16%	4.70%	-0.74%	23.37%	-6.90%
Salaries and Employee Benefits	565.29	558.11	535.5	507.47	481.75	470.41
Occupancy Expenses	54.78	53.22	53.63	49.12	48.19	46.65
Federal Deposit Insurance	48.24	51.56	69.36	46.39	9.09	-
Selling, General & Administrative	218.24	206.68	199.29	188.97	174.27	166.23
Other Non-Interest Expense	59.58	71.66	73.2	56.83	84.4	85.09
Total Non-Interest Expense	946.13	941.23	930.98	848.78	797.7	768.38
EBT Excluding Unusual Items	726.1	689.49	619.73	632.38	694.5	441.18
Legal Settlements	-10	-10	-	-	-8.2	-
Pretax Income	716.1	679.49	619.73	632.38	686.3	441.18
Income Tax Expense	154.2	145.09	134.55	132.36	145.71	87.29
Earnings From Continuing Operations	561.9	534.4	485.18	500.02	540.59	353.89
Minority Interest in Earnings	-3.72	-8.07	-8.12	-11.62	-9.83	0.17
Net Income	558.19	526.33	477.06	488.4	530.77	354.06
Preferred Dividends & Other Adjustments	4.91	4.91	4.24	4.45	4.85	15.18
Net Income to Common	553.27	521.42	472.82	483.95	525.92	338.88
Net Income Growth	15.80%	10.33%	-2.32%	-7.98%	49.91%	-15.95%
Basic Shares Outstanding	133	135	136	138	141	141
Diluted Shares Outstanding	134	135	137	138	141	142
Shares Change (YoY)	-1.69%	-1.38%	-1.34%	-1.93%	-0.39%	-2.66%
EPS (Basic)	4.15	3.88	3.47	3.50	3.73	2.40
EPS (Diluted)	4.14	3.87	3.46	3.50	3.73	2.39
EPS Growth	17.70%	11.82%	-0.97%	-6.16%	55.80%	-14.72%
Dividend Per Share	1.065	1.029	0.980	0.916	0.864	0.846
Dividend Growth	5.97%	4.96%	6.99%	6.04%	2.07%	9.10%
Effective Tax Rate	21.53%	21.35%	21.71%	20.93%	21.23%	19.79%

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