Commerce Bancshares, Inc. (CBSH)

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	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	1,073	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	1,480	1,470	1,381	998.98	848.29	872.65
Interest Paid on Deposits	291.01	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	384.16	429.31	383.16	56.79	12.87	42.8
Net Interest Income	1,095	1,040	998.13	942.19	835.42	829.85
Net Interest Income Growth (YoY)	7.17%	4.22%	5.94%	12.78%	0.67%	1.04%
Trust Income	226.92	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	1.71	7.82	14.99	20.51	30.06	11.03
Gain (Loss) on Sale of Equity Investments	-	-	-	-	-2.6	-
Other Non-Interest Income	306.31	298.29	289	267.44	277.55	252
Total Non-Interest Income	643.22	623.38	588.03	567.04	590.45	516.9
Non-Interest Income Growth (YoY)	3.84%	6.01%	3.70%	-3.96%	14.23%	-2.16%
Revenues Before Loan Losses	1,739	1,664	1,586	1,509	1,426	1,347
Provision for Loan Losses	53.65	32.9	35.45	28.07	-66.33	137.19
Revenue	1,685	1,631	1,551	1,481	1,492	1,210
Revenue Growth (YoY)	4.25%	5.16%	4.70%	-0.74%	23.37%	-6.90%
Salaries and Employee Benefits	569.63	558.11	535.5	507.47	481.75	470.41
Occupancy Expenses	54.84	53.22	53.63	49.12	48.19	46.65
Federal Deposit Insurance	13.31	16.48	33.16	10.58	9.09	-
Selling, General & Administrative	256.53	241.76	235.49	224.78	174.27	166.23
Other Non-Interest Expense	56.74	71.66	73.2	56.83	84.4	85.09
Total Non-Interest Expense	951.05	941.23	930.98	848.78	797.7	768.38
EBT Excluding Unusual Items	733.87	689.49	619.73	632.38	694.5	441.18
Legal Settlements	-11.5	-10	-	-	-8.2	-
Pretax Income	722.37	679.49	619.73	632.38	686.3	441.18
Income Tax Expense	157.11	145.09	134.55	132.36	145.71	87.29
Earnings From Continuing Operations	565.26	534.4	485.18	500.02	540.59	353.89
Minority Interest in Earnings	-3.57	-8.07	-8.12	-11.62	-9.83	0.17
Net Income	561.7	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	556.78	521.42	472.82	483.95	525.92	338.88
Net Income Growth	12.46%	10.33%	-2.32%	-7.98%	49.91%	-15.95%
Basic Shares Outstanding	133	135	136	138	141	141
Diluted Shares Outstanding	133	135	137	138	141	142
Shares Change (YoY)	-1.63%	-1.38%	-1.34%	-1.93%	-0.39%	-2.66%
EPS (Basic)	4.19	3.88	3.47	3.50	3.73	2.40
EPS (Diluted)	4.19	3.87	3.46	3.50	3.73	2.39
EPS Growth	14.48%	11.82%	-0.97%	-6.16%	55.80%	-14.72%
Dividend Per Share	1.083	1.029	0.980	0.916	0.864	0.846
Dividend Growth	6.54%	4.96%	6.99%	6.04%	2.07%	9.10%
Effective Tax Rate	21.75%	21.35%	21.71%	20.93%	21.23%	19.79%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q