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Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
INTEREST INCOME    
Interest and fees on loans $ 223,816 $ 132,075
Interest and fees on loans held for sale 145 150
Interest on investment securities 71,119 73,105
Interest on federal funds sold and short-term securities purchased under agreements to resell 489 1
Interest on Long-Term Securities Purchased Under Agreements To Resell 3,952 5,300
Interest on deposits with banks 9,336 1,151
Total interest income 308,857 211,782
INTEREST EXPENSE    
Savings, interest checking and money market 20,151 1,760
Certificates of deposit of less than $100,000 1,425 139
Certificates of deposit of $100,000 and over 6,627 427
Interest Expense, Federal Funds Purchased 5,586 7
Interest Expense, Securities Sold under Agreements to Repurchase 17,495 682
Interest on other borrowings 5,950 (19)
Total interest expense 57,234 2,996
Net interest income 251,623 208,786
Provision for credit losses 11,456 (9,858)
Net interest income after credit losses 240,167 218,644
NON-INTEREST INCOME    
Trust fee revenue 45,328 47,811
Bank card transaction fees 46,654 42,045
Deposit account charges and other fees 21,752 22,307
Consumer brokerage services 5,085 4,446
Capital market fees 3,362 4,125
Loan fees and sales 2,589 4,235
Other 12,842 6,800
Total non-interest income 137,612 131,769
INVESTMENT SECURITIES GAINS (LOSSES), NET    
INVESTMENT SECURITIES GAINS (LOSSES), NET [1] (306) 7,163
NON-INTEREST EXPENSE    
Salaries and employee benefits 144,373 135,953
Data processing and software 28,154 27,016
Net occupancy 12,759 12,296
Equipment 4,850 4,568
Supplies and communication 4,590 4,713
Marketing 5,471 6,344
Other 23,910 14,758
Total non-interest expense 224,107 205,648
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 153,366 151,928
Less income taxes 32,813 31,902
Net income 120,553 120,026
Less non-controlling interest expense (income) 1,101 1,872
Net income attributable to Commerce Bancshares, Inc. $ 119,452 $ 118,154
Net income per common share — basic $ 0.95 $ 0.92
Net income per common share — diluted $ 0.95 $ 0.92
[1] Available for sale debt securities, equity securities, and other securities.