XML 45 R35.htm IDEA: XBRL DOCUMENT v3.23.3
Common Stock (Tables)
9 Months Ended
Sep. 30, 2023
Common Stock [Abstract]  
Summary Of Components Used To Calculate Basic And Diluted Income Per Share
Presented below is a summary of the components used to calculate basic and diluted income per share. The Company applies the two-class method of computing income per share, as nonvested share-based awards that pay nonforfeitable common stock dividends are considered securities which participate in undistributed earnings with common stock. The two-class method requires the calculation of separate income per share amounts for the nonvested share-based awards and for common stock. Income per share attributable to common stock is shown in the table below. Nonvested share-based awards are further discussed in Note 13.

For the Three Months Ended September 30For the Nine Months Ended September 30
(In thousands, except per share data)2023202220232022
Basic income per common share:
Net income attributable to Commerce Bancshares, Inc.$120,596 $122,823 $367,837 $356,771 
Less income allocated to nonvested restricted stock1,073 1,119 3,257 3,241 
  Net income allocated to common stock$119,523 $121,704 $364,580 $353,530 
Weighted average common shares outstanding123,718 124,840 123,868 125,600 
    Basic income per common share$.96 $.97 $2.94 $2.81 
Diluted income per common share:
Net income attributable to Commerce Bancshares, Inc.$120,596 $122,823 $367,837 $356,771 
Less income allocated to nonvested restricted stock1,072 1,118 3,254 3,236 
  Net income allocated to common stock$119,524 $121,705 $364,583 $353,535 
Weighted average common shares outstanding123,718 124,840 123,868 125,600 
Net effect of the assumed exercise of stock-based awards - based on the treasury stock method using the average market price for the respective periods100 277 158 288 
Weighted average diluted common shares outstanding123,818 125,117 124,026 125,888 
    Diluted income per common share$.96 $.97 $2.93 $2.81