XML 21 R5.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statements Of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
INTEREST INCOME      
Interest and fees on loans $ 646,293 $ 570,549 $ 612,072
Interest on loans held for sale 637 880 860
Interest on investment securities 313,892 236,278 216,793
Interest on federal funds sold and short-term securities purchased under agreements to resell 412 4 3
Interest on Long-Term Securities Purchased Under Agreements To Resell 22,647 37,377 40,647
Interest on deposits with banks 15,098 3,202 2,273
Total interest income 998,979 848,290 872,648
INTEREST EXPENSE      
Savings, interest checking and money market 25,099 7,509 17,851
Certificates of deposit of less than $100,000 1,469 1,158 4,897
Certificates of deposit of $100,000 and over 3,898 2,577 12,948
Interest on federal funds purchased and securities sold under agreements to repurchase 25,858 1,646 6,091
Interest on other borrowings 470 (24) 1,014
Total interest expense 56,794 12,866 42,801
Net interest income 942,185 835,424 829,847
Provision for loan losses 28,071 (66,326) 137,190
Net interest income after provision for loan losses 914,114 901,750 692,657
NON-INTEREST INCOME      
Trust fees 184,719 188,227 160,637
Bank card transaction fees 176,144 167,891 151,797
Deposit account charges and other fees 94,381 97,217 93,227
Consumer brokerage 19,117 18,362 15,095
Capital market fees 14,231 15,943 14,582
Loan fees and sales 13,141 29,720 26,684
Other 44,802 43,033 43,845
Total non-interest income 546,535 560,393 505,867
INVESTMENT SECURITIES GAINS (LOSSES), NET      
Investment securities gains (losses), net [1] 20,506 30,059 11,032
NON-INTEREST EXPENSE      
Salaries and employee benefits 554,047 525,248 512,987
Data processing and software 110,692 101,792 95,325
Net occupancy 49,117 48,185 46,645
Equipment 19,359 18,089 18,839
Supplies and communication 18,101 17,118 17,419
Marketing 23,827 21,856 19,734
Other 73,634 73,613 57,429
Total non-interest expense 848,777 805,901 768,378
Income before income taxes 632,378 686,301 441,178
Less income taxes 132,358 145,711 87,293
Net income 500,020 540,590 353,885
Less non-controlling interest expense (income) 11,621 9,825 (172)
NET INCOME ATTRIBUTABLE TO COMMERCE BANCSHARES, INC. 488,399 530,765 354,057
Preferred stock dividends 0 0 11,966
Net Income (Loss) Available to Common Stockholders, Basic $ 488,399 $ 530,765 $ 342,091
Net income per common share - basic (in dollars per share) $ 3.86 $ 4.12 $ 2.64
Net income per common share - diluted (in dollars per share) $ 3.85 $ 4.11 $ 2.64
[1] Available for sale debt securities, equity securities, and other securities.