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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
INTEREST INCOME        
Interest and fees on loans $ 138,827 $ 123,750 $ 401,423 $ 364,234
Interest and fees on loans held for sale 287 334 746 1,161
Interest on investment securities 50,585 51,661 160,825 155,250
Interest on federal funds sold and short-term securities purchased under agreements to resell 78 20 138 63
Interest on long-term securities purchased under agreements to resell 3,805 3,328 11,282 10,157
Interest on deposits with banks 662 268 1,421 689
Total interest income 194,244 179,361 575,835 531,554
INTEREST EXPENSE        
Savings, interest checking and money market 4,441 3,619 12,673 10,651
Time open and C.D.'s of less than $100,000 676 683 1,994 2,134
Time open and C.D.'s of $100,000 and over 2,784 2,186 8,369 6,519
Interest on federal funds purchased and securities sold under agreements to repurchase 2,846 724 6,423 2,337
Interest on other borrowings 906 906 2,705 3,066
Total interest expense 11,653 8,118 32,164 24,707
Net interest income 182,591 171,243 543,671 506,847
Provision for loan losses 10,704 7,263 32,590 25,918
Net interest income after provision for loan losses 171,887 163,980 511,081 480,929
NON-INTEREST INCOME        
Bank card transaction fees 44,521 47,006 132,724 136,541
Trust fees 34,620 30,951 99,754 90,435
Deposit account charges and other fees 22,659 22,241 67,462 64,260
Capital market fees 1,755 2,751 6,253 7,976
Consumer brokerage services 3,679 3,375 11,054 10,375
Loan fees and sales 3,590 3,123 10,849 8,829
Other 11,418 9,872 34,296 36,497
Total non-interest income 122,242 119,319 362,392 354,913
INVESTMENT SECURITIES GAINS (LOSSES), NET        
Investment securities gains (losses), net (3,037) (1,965) (2,158) [1] (3,704) [1]
NON-INTEREST EXPENSE        
Salaries and employee benefits 111,382 107,004 332,580 318,671
Net occupancy 11,459 12,366 34,332 34,761
Equipment 4,491 4,842 13,876 14,257
Supplies and communication 5,517 5,968 16,672 18,490
Data processing and software 22,700 23,663 69,153 69,332
Marketing 4,676 4,399 12,388 12,601
Deposit insurance 3,479 3,576 10,542 9,884
Other 20,868 19,424 66,453 57,808
Total non-interest expense 184,572 181,242 555,996 535,804
Income before income taxes 106,520 100,092 315,319 296,334
Less income taxes 32,294 30,942 90,402 91,854
Net income 74,226 69,150 224,917 204,480
Less non-controlling interest expense (income) (338) 605 (111) 668
Net income attributable to Commerce Bancshares, Inc. 74,564 68,545 225,028 203,812
Preferred Stock Dividends 2,250 2,250 6,750 6,750
Net Income (Loss) Available to Common Stockholders $ 72,314 $ 66,295 $ 218,278 $ 197,062
Net income per common share - basic $ 0.71 $ 0.65 $ 2.14 $ 1.94
Net income per common share - diluted $ 0.71 $ 0.65 $ 2.14 $ 1.93
[1] Available for sale and non-marketable securities