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Common Stock (Tables)
6 Months Ended
Jun. 30, 2024
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 June 30For the Six Months Ended June 30
(In thousands, except per share data)2024202320242023
Basic income per common share:
Net income attributable to Commerce Bancshares, Inc.$139,553 $127,789 $252,216 $247,241 
Less income allocated to nonvested restricted stock1,313 1,128 2,357 2,184 
  Net income allocated to common stock$138,240 $126,661 $249,859 $245,057 
Weighted average common shares outstanding128,458 130,079 128,750 130,141 
    Basic income per common share$1.07 $.97 $1.94 $1.88 
Diluted income per common share:
Net income attributable to Commerce Bancshares, Inc.$139,553 $127,789 $252,216 $247,241 
Less income allocated to nonvested restricted stock1,312 1,128 2,355 2,182 
  Net income allocated to common stock$138,241 $126,661 $249,861 $245,059 
Weighted average common shares outstanding128,458 130,079 128,750 130,141 
Net effect of the assumed exercise of stock-based awards - based on the treasury stock method using the average market price for the respective periods153 129 148 198 
Weighted average diluted common shares outstanding128,611 130,208 128,898 130,339 
    Diluted income per common share$1.07 $.97 $1.93 $1.88