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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
INTEREST INCOME      
Interest and fees on loans $ 570,549 $ 612,072 $ 663,338
Interest on loans held for sale 880 860 1,209
Interest on investment securities 236,278 216,793 237,487
Interest on federal funds sold and short-term securities purchased under agreements to resell 4 3 55
Interest on Long-Term Securities Purchased Under Agreements To Resell 37,377 40,647 15,898
Interest on deposits with banks 3,202 2,273 6,698
Total interest income 848,290 872,648 924,685
INTEREST EXPENSE      
Savings, interest checking and money market 7,509 17,851 39,712
Certificates of deposit of less than $100,000 1,158 4,897 6,368
Certificates of deposit of $100,000 and over 2,577 12,948 26,945
Interest on federal funds purchased and securities sold under agreements to repurchase 1,646 6,091 29,415
Interest on other borrowings (24) 1,014 952
Total interest expense 12,866 42,801 103,392
Net interest income 835,424 829,847 821,293
Provision for loan losses (66,326) 137,190 50,438
Net interest income after provision for loan losses 901,750 692,657 770,855
NON-INTEREST INCOME      
Bank card transaction fees 167,891 151,797 167,879
Trust fees 188,227 160,637 155,628
Deposit account charges and other fees 97,217 93,227 95,983
Capital market fees 15,943 14,582 8,146
Consumer brokerage 18,362 15,095 15,804
Loan fees and sales 29,720 26,684 15,767
Other 43,033 43,845 65,496
Total non-interest income 560,393 505,867 524,703
INVESTMENT SECURITIES GAINS (LOSSES), NET      
Investment securities gains (losses), net [1] 30,059 11,032 3,626
NON-INTEREST EXPENSE      
Salaries and employee benefits 525,248 512,987 492,927
Net occupancy 48,185 46,645 47,157
Equipment 18,089 18,839 19,061
Supplies and communication 17,118 17,419 20,394
Data processing and software 101,792 95,325 92,899
Marketing 21,856 19,734 21,914
Other 73,613 57,429 73,046
Total non-interest expense 805,901 768,378 767,398
Income before income taxes 686,301 441,178 531,786
Less income taxes 145,711 87,293 109,074
Net income 540,590 353,885 422,712
Less non-controlling interest expense (income) 9,825 (172) 1,481
NET INCOME ATTRIBUTABLE TO COMMERCE BANCSHARES, INC. 530,765 354,057 421,231
Preferred stock dividends 0 11,966 9,000
Net Income (Loss) Available to Common Stockholders, Basic $ 530,765 $ 342,091 $ 412,231
Net income per common share - basic (in dollars per share) $ 4.32 $ 2.77 $ 3.25
Net income per common share - diluted (in dollars per share) $ 4.31 $ 2.77 $ 3.25
[1] Available for sale debt securities, equity securities, and other securities.