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Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
INTEREST INCOME      
Interest and fees on loans $ 1,062,771 $ 984,397 $ 646,293
Interest on loans held for sale 165 583 637
Interest on investment securities 271,774 278,755 313,892
Interest on federal funds sold 49 659 412
Interest on securities purchased under agreements to resell 13,358 13,649 22,647
Interest on deposits with banks 121,440 103,248 15,098
Total interest income 1,469,557 1,381,291 998,979
INTEREST EXPENSE      
Savings, interest checking and money market 226,876 146,392 25,099
Certificates of deposit of less than $100,000 42,226 38,690 1,469
Certificates of deposit of $100,000 and over 67,060 61,057 3,898
Interest on federal funds purchased 12,221 25,265 1,836
Interest on securities sold under agreements to repurchase 80,908 73,164 24,022
Interest on other borrowings 20 38,594 470
Total interest expense 429,311 383,162 56,794
Net interest income 1,040,246 998,129 942,185
Provision for loan losses 32,903 35,451 28,071
Net interest income after provision for loan losses 1,007,343 962,678 914,114
NON-INTEREST INCOME      
Trust fees 214,430 190,954 184,719
Bank card transaction fees 189,784 191,156 176,144
Deposit account charges and other fees 100,336 90,992 94,381
Capital market fees 19,776 14,100 14,231
Consumer brokerage services 18,141 17,223 19,117
Loan fees and sales 12,890 11,165 13,141
Other 60,196 57,455 44,802
Total non-interest income 615,553 573,045 546,535
INVESTMENT SECURITIES GAINS (LOSSES), NET      
Investment securities gains (losses), net [1] 7,823 14,985 20,506
NON-INTEREST EXPENSE      
Salaries and employee benefits 607,862 584,063 554,047
Data processing and software 127,390 118,758 110,692
Net occupancy 53,223 53,629 49,117
Professional and other services 35,077 36,198 35,805
Marketing 22,353 24,511 23,827
Equipment 20,619 19,548 19,359
Supplies and communication 19,291 19,420 18,101
Deposit insurance 16,482 33,163 10,583
Other 48,932 41,692 27,246
Total non-interest expense 951,229 930,982 848,777
Income before income taxes 679,490 619,726 632,378
Less income taxes 145,089 134,549 132,358
Net income 534,401 485,177 500,020
Less non-controlling interest expense (income) 8,070 8,117 11,621
NET INCOME ATTRIBUTABLE TO COMMERCE BANCSHARES, INC. $ 526,331 $ 477,060 $ 488,399
Net income per common share - basic (in dollars per share) $ 3.88 $ 3.47 $ 3.50
Net income per common share - diluted (in dollars per share) $ 3.87 $ 3.46 $ 3.50
[1] Available for sale debt securities, equity securities, and other securities.