COMMERCE BANCSHARES, INC. CBSH Income Statement

Commerce bancshares, inc. (CBSH)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Sep'09	Jun'09
INTEREST INCOME
Loans
656,053	663,338	666,851	658,074	644,500	625,083	602,734	582,379	562,517	543,825	527,145	512,068	498,946	489,956	481,191	472,395	464,711	456,664	451,978	449,712	447,741	447,157	447,577	445,476	441,998	439,082	437,095	438,127	442,361	446,331	449,261	452,373	456,890	463,511	471,567	483,109	495,121	507,666	524,590	539,740	0	0	0
Interest and fees on loans held for sale
1,072	1,209	1,310	1,317	1,328	1,298	1,245	1,217	1,108	1,000	902	949	1,378	1,317	1,244	958	305	191	108	60	21	0	0	0	91	176	259	344	341	361	516	701	922	1,115	1,435	2,533	4,485	6,091	6,978	7,573	0	0	0
Interest on investment securities
235,450	237,487	240,276	241,461	242,367	240,187	232,462	223,255	212,666	214,689	212,759	213,835	213,558	207,184	204,635	203,690	202,256	191,801	186,049	181,671	181,423	188,006	189,240	189,258	189,475	189,415	198,398	198,555	202,883	211,682	212,882	218,066	218,217	219,348	217,736	216,334	212,423	212,697	220,675	225,897	0	0	0
Interest on federal funds sold and short-term securities purchased under agreements to resell
24	55	144	206	372	519	518	527	387	230	153	95	77	78	78	79	75	60	66	75	84	101	114	119	123	106	84	73	74	82	80	69	62	55	53	52	43	48	92	116	0	0	0
Interest on long-term securities purchased under agreements to resell
19,602	15,898	15,133	15,427	15,525	15,881	15,972	15,862	15,761	15,440	14,669	14,192	13,862	13,544	13,335	13,280	13,596	13,172	12,689	12,100	11,373	12,473	14,163	16,574	19,441	21,119	22,138	21,956	20,728	19,174	17,985	16,985	15,568	13,455	10,102	0	0	-	0	-	0	0	-
Interest on deposits with banks
6,104	6,698	7,138	7,375	6,979	6,233	5,010	4,194	2,966	2,223	1,705	1,311	1,100	973	813	648	619	528	700	668	634	555	423	423	410	387	355	324	361	339	283	454	452	487	466	361	452	427	492	439	0	0	0
Total interest income
918,305	924,685	930,852	923,860	911,071	889,201	857,941	827,434	795,405	777,407	757,333	742,450	728,921	713,052	701,296	691,050	681,562	662,416	651,590	644,286	641,276	648,292	651,517	651,850	651,538	650,285	658,329	659,379	666,748	677,969	681,007	688,648	692,111	697,971	702,184	710,265	717,235	729,478	753,689	773,765	0	0	0
INTEREST EXPENSE
Savings, interest checking and money market
38,419	39,712	38,546	35,551	31,816	27,803	23,974	21,185	19,008	17,309	16,388	15,566	14,772	14,366	14,074	13,811	13,550	13,374	13,409	13,453	13,524	13,522	13,618	13,720	13,737	14,355	15,145	16,266	17,525	18,682	20,477	22,299	24,037	25,856	26,947	27,763	29,102	29,298	29,763	30,480	0	0	0
Certificates of deposit of less than $100,000
6,884	6,368	5,555	4,649	3,812	3,215	2,841	2,683	2,663	2,645	2,669	2,676	2,711	2,809	2,886	2,989	3,098	3,236	3,428	3,652	3,897	4,137	4,410	4,780	5,373	6,002	6,648	7,213	7,561	7,918	8,286	8,754	9,715	11,352	13,674	16,705	19,799	22,871	31,803	40,904	0	0	0
Certificates of deposit of $100,000 and over
26,178	26,945	24,910	21,269	17,821	14,658	12,711	11,596	10,935	10,859	10,395	9,797	9,322	8,545	8,102	7,470	6,627	6,051	5,909	5,873	5,884	5,926	5,967	5,984	6,136	6,383	6,593	6,801	6,962	7,174	7,517	7,904	8,510	9,272	10,138	11,469	12,597	13,847	19,377	25,831	0	0	0
Interest on federal funds purchased and securities sold under agreements to repurchase
26,676	29,415	30,515	27,264	23,163	19,655	16,385	14,209	12,291	9,829	7,401	5,279	3,966	3,315	2,927	2,686	2,382	1,861	1,537	1,341	1,183	1,019	908	787	794	809	839	894	801	808	763	834	1,344	1,741	1,955	2,247	2,386	2,584	3,046	3,311	0	0	0
Interest on other borrowings
1,278	952	472	31	38	45	417	1,311	2,210	3,086	3,607	3,607	3,603	3,968	3,973	3,965	3,948	3,574	3,545	3,527	3,512	3,484	3,474	3,449	3,403	3,364	3,344	3,340	3,387	3,481	7,222	7,296	5,501	3,680	27,262	23,608	20,736	14,946	-20,906	-26,437	0	0	0
Total interest expense
99,435	103,392	99,998	88,764	76,650	65,376	56,328	50,984	47,107	43,728	40,460	36,925	34,374	33,003	31,962	30,921	29,605	28,096	27,828	27,846	28,000	28,088	28,377	28,720	29,443	30,913	32,569	34,514	36,236	38,063	40,597	43,419	47,277	51,901	57,194	64,468	73,040	83,546	104,895	126,963	0	0	0
Net interest income
818,870	821,293	830,854	835,096	834,421	823,825	801,613	776,450	748,298	733,679	716,873	705,525	694,547	680,049	669,334	660,129	651,957	634,320	623,762	616,440	613,276	620,204	623,140	623,130	622,095	619,372	625,760	624,865	630,512	639,906	640,410	645,229	644,834	646,070	644,990	645,797	644,195	645,932	648,794	646,802	0	0	0
Provision for loan losses
95,928	50,438	47,488	46,524	44,761	42,694	43,092	43,797	44,512	45,244	42,990	39,549	38,007	36,318	35,104	36,205	33,746	28,727	24,205	23,493	24,291	29,531	30,410	26,904	26,728	20,353	23,136	24,571	22,407	27,287	31,104	36,918	43,891	51,515	61,019	71,468	81,467	100,000	113,714	133,036	0	0	0
Net interest income after provision for loan losses
722,942	770,855	783,366	788,572	789,660	781,131	758,521	732,653	703,786	688,435	673,883	665,976	656,540	643,731	634,230	623,924	618,211	605,593	599,557	592,947	588,985	590,673	592,730	596,226	595,367	599,019	602,624	600,294	608,105	612,619	609,306	608,311	600,943	594,555	583,971	574,329	562,728	545,932	535,080	513,766	0	0	0
NON-INTEREST INCOME
Bank card transaction fees
168,435	167,879	171,281	169,198	169,767	171,576	169,983	166,722	160,802	155,100	129,714	137,554	145,324	154,043	182,861	180,490	181,097	178,926	177,449	177,616	176,388	175,806	174,449	173,538	169,794	166,627	164,683	160,280	158,014	154,197	148,817	151,478	154,348	157,077	161,931	157,505	153,860	148,888	139,151	131,533	0	0	0
Trust fee revenue
158,337	155,628	152,689	150,497	149,158	147,964	145,903	143,123	139,207	135,159	131,114	127,445	124,566	121,795	119,453	117,804	118,094	118,437	117,775	117,033	114,267	111,254	109,206	105,964	103,933	102,529	100,572	98,935	97,034	94,679	92,423	90,844	89,555	88,313	87,335	85,403	83,217	80,963	79,104	78,289	0	0	0
Deposit fee revenue
96,642	95,983	94,896	94,619	94,553	94,517	93,228	92,132	91,100	90,060	89,596	89,178	87,645	86,394	85,866	84,299	82,608	80,416	79,030	78,517	78,589	78,680	78,966	79,002	78,895	79,017	78,812	78,488	78,861	79,485	79,807	81,873	82,687	82,651	83,519	83,273	87,956	92,637	98,896	104,138	0	0	0
Capital market fees
10,057	8,146	7,453	7,261	7,309	7,721	7,621	7,781	7,945	7,996	8,932	9,928	10,272	10,655	11,092	10,961	11,199	11,476	11,128	11,291	11,799	12,667	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Consumer brokerage services
16,134	15,804	15,849	15,703	15,786	15,807	15,199	14,994	14,749	14,630	14,463	14,159	13,924	13,784	13,629	13,941	13,957	13,784	14,247	13,658	13,123	12,534	8,885	9,029	9,362	11,006	15,013	16,881	18,586	21,066	21,582	22,028	21,997	19,846	0	0	0	-	-	-	-	-	-
Bond trading income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,358	21,763	0	0	0
Consumer brokerage services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,029	10,599	10,322	10,162	9,685	9,577	9,881	10,018	10,187	10,244	9,736	9,190	9,924	10,360	0	0	0
Loan fees and sales
15,693	15,767	15,355	14,179	13,170	12,723	12,769	12,780	13,642	13,948	13,432	12,965	12,070	11,412	10,930	9,662	8,649	8,228	7,448	6,960	5,988	5,108	5,312	5,498	5,601	5,865	5,752	5,557	5,949	6,037	6,272	6,948	7,317	7,580	17,908	21,704	23,101	23,116	17,992	15,895	0	0	0
Other
61,828	65,496	56,806	53,843	53,148	51,033	42,934	43,278	43,895	44,370	46,272	44,726	43,344	48,473	47,124	45,767	44,985	36,872	37,850	40,850	40,299	40,457	40,758	38,482	38,234	39,209	36,312	36,044	36,158	34,004	31,770	28,318	25,809	27,432	27,627	29,179	29,144	29,219	31,367	33,366	0	0	0
Total non-interest income
527,126	524,703	514,329	505,300	502,891	501,341	487,637	480,810	471,340	461,263	433,523	435,955	437,145	446,556	470,955	462,924	460,589	448,139	444,927	445,925	440,453	436,506	433,198	427,223	421,136	418,386	412,173	406,784	404,924	399,630	390,356	391,066	391,594	392,917	409,336	407,714	407,828	405,111	396,792	395,344	0	0	0
INVESTMENT SECURITIES GAINS (LOSSES), NET
Change in fair value of other-than-temporary impairment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,848	1,666	1,174	-278	-152	-6,729	-7,025	-11,223	-10,783	-3,594	-1,472	-2,190	-4,689	-11,534	-18,068	-13,058	-7,898	7,827	0	0	0
Portion recognized in other comprehensive income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-476	-335	14	1,562	1,675	8,479	8,637	12,713	12,792	5,877	4,055	4,727	7,335	15,394	21,954	18,127	13,540	-3,436	0	0	0
Net impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,324	623	-496	-1,284	-1,523	-1,750	-1,612	-1,490	-2,009	-2,283	-2,583	-2,537	-2,646	-3,860	-3,886	-5,069	-5,642	-4,391	0	0	0
Realized gains on sales and fair value adjustments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,504	8,118	8,965	-3,141	-5,288	-2,531	235	6,318	15,507	15,188	16,108	13,349	9,720	8,363	7,093	3,284	1,708	-2,312	0	0	0
Investment securities gains (losses), net
-8,750	3,626	-3,255	-3,858	-6,823	-488	33,850	26,507	31,233	25,051	1,493	2,565	170	-53	-5,184	-3,597	-710	6,320	11,450	14,823	10,122	14,124	9,132	6,787	7,777	-4,425	-6,811	-4,281	-1,377	4,828	13,498	12,905	13,525	10,812	7,074	4,503	3,207	-1,785	-3,934	-6,703	0	0	0
NON-INTEREST EXPENSE
Salaries and employee benefits
499,736	492,927	486,543	478,901	474,428	468,194	463,418	458,606	451,846	448,321	441,219	436,841	432,820	427,310	420,769	414,639	409,486	400,701	398,129	392,717	387,911	384,100	379,586	375,529	370,249	366,867	366,408	364,295	362,237	360,899	354,356	350,764	347,476	345,325	343,877	343,619	346,504	346,550	347,255	348,092	0	0	0
Net occupancy
47,404	47,157	46,650	45,988	45,961	46,044	45,613	45,441	45,753	45,612	45,861	46,768	46,430	46,290	45,742	44,623	44,530	44,788	45,280	45,618	45,770	45,825	46,190	45,937	46,020	45,639	45,382	45,638	45,509	45,534	45,627	45,549	45,657	46,434	46,050	46,626	46,926	46,987	47,449	46,451	0	0	0
Equipment
19,411	19,061	18,710	18,361	18,165	18,125	18,309	18,208	18,390	18,568	18,760	19,111	19,116	19,141	19,172	19,119	19,017	19,086	18,924	18,728	18,574	18,375	18,219	18,091	18,246	18,425	18,811	19,322	19,641	20,147	20,747	21,161	21,864	22,252	22,445	22,764	23,000	23,324	23,854	24,400	0	0	0
Supplies and communication
19,890	20,394	20,638	20,635	20,486	20,637	21,660	22,074	22,394	22,790	22,317	22,768	23,015	24,135	25,044	24,685	24,218	22,970	22,361	22,054	22,314	22,432	22,163	22,310	22,621	22,511	22,476	22,427	22,297	22,321	22,230	22,504	22,529	22,448	23,120	24,170	25,307	27,113	28,952	30,477	0	0	0
Data processing and software
94,194	92,899	91,181	89,780	87,548	85,978	84,852	82,764	81,783	80,998	70,165	73,860	76,595	79,589	91,606	89,062	87,337	83,944	82,017	80,866	79,399	78,980	78,356	78,375	78,381	78,245	77,290	76,582	75,280	73,798	72,903	69,856	69,105	68,103	67,229	67,830	67,796	67,935	66,436	64,610	0	0	0
Marketing
21,993	21,914	23,565	22,516	21,643	20,548	18,883	18,560	17,906	16,325	15,819	15,542	15,443	16,032	16,140	16,084	16,002	16,107	16,540	16,271	15,913	15,676	14,625	14,399	14,498	14,176	13,970	14,222	14,643	15,106	15,860	16,305	16,331	16,767	16,675	17,194	17,701	18,161	19,630	19,472	0	0	0
Deposit insurance
-	-	6,820	8,366	-	11,546	13,194	13,506	13,972	13,986	13,985	14,082	13,633	13,327	13,029	12,434	12,310	12,146	11,938	11,856	11,729	11,622	11,499	11,396	11,294	11,167	11,045	10,857	10,685	10,438	10,426	10,590	10,752	13,123	15,244	17,228	19,387	19,246	19,278	27,491	0	0	0
Community Service
-	-	2,488	2,504	-	2,445	27,476	29,902	32,162	34,377	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Visa litigation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-
Indemnification obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Other
57,921	63,924	66,767	70,350	68,933	64,304	64,650	63,152	63,037	63,366	48,011	52,196	57,231	59,499	76,899	77,915	74,035	73,565	76,036	73,553	77,143	79,860	76,070	75,143	74,284	71,638	71,210	70,328	72,753	70,226	54,414	60,189	60,377	64,497	78,502	75,551	72,324	70,034	72,917	69,203	0	0	0
Total non-interest expense
769,671	767,398	760,849	754,888	746,969	737,821	758,055	752,213	747,243	744,343	688,909	690,934	691,133	689,229	711,581	701,741	690,115	676,487	671,225	661,663	658,753	656,870	646,708	641,180	635,593	628,668	626,592	623,671	623,045	618,469	616,222	616,577	613,750	617,249	625,250	627,090	629,370	631,134	621,592	626,017	0	0	0
Income before income taxes
471,647	531,786	533,591	535,126	538,759	544,163	521,953	487,757	459,116	430,406	419,990	413,562	402,722	401,005	388,420	381,510	387,975	383,565	384,709	392,032	380,807	384,433	388,352	389,056	388,687	384,312	381,394	379,126	388,607	398,608	396,938	395,705	392,312	381,035	375,131	359,456	344,393	318,124	306,346	276,390	0	0	0
Less income taxes
96,387	109,074	107,397	104,943	105,551	105,949	99,516	105,163	108,857	110,506	122,699	121,347	119,688	124,151	119,515	116,542	117,492	116,590	118,417	121,932	120,130	121,649	123,485	124,765	124,257	123,195	119,499	118,890	123,174	127,169	129,055	128,599	126,825	121,412	116,330	110,643	105,379	96,249	95,232	84,477	0	0	0
Net income
375,260	422,712	426,194	430,183	433,208	438,214	422,437	382,594	350,259	319,900	297,291	292,215	283,034	276,854	268,905	264,968	270,483	266,975	266,292	270,100	260,677	262,784	264,867	264,291	264,430	261,117	261,895	260,236	265,433	271,439	267,883	267,106	265,487	259,623	258,801	248,813	239,014	221,875	211,114	191,913	0	0	0
Less non-controlling interest expense (income)
-690	1,481	2,191	2,846	3,512	4,672	4,192	2,361	1,396	517	684	1,627	1,513	1,463	1,383	1,379	2,434	3,245	3,547	3,782	2,181	1,030	-77	-692	173	156	58	617	886	2,110	3,841	3,718	3,798	3,280	2,041	1,520	1,021	165	-324	-608	0	0	0
Net income attributable to Commerce Bancshares, Inc.
375,950	421,231	424,003	427,337	429,696	433,542	418,245	380,233	348,863	319,383	296,607	290,588	281,521	275,391	267,522	263,589	268,049	263,730	262,745	266,318	258,496	261,754	264,944	264,983	264,257	260,961	261,837	259,619	264,547	269,329	264,042	263,388	261,689	256,343	256,760	247,293	237,993	221,710	211,438	192,521	0	0	0
Preferred Stock Dividends
9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	9,000	8,550	6,300	4,050	1,800	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Available to Common Stockholders
366,950	412,231	415,003	418,337	420,696	424,542	409,245	371,233	339,863	310,383	287,607	281,588	272,521	266,391	258,522	254,589	259,049	254,730	253,745	257,768	252,196	257,704	265,453	264,873	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income per common share — basic
0.44	0.84	0.98	0.96	0.81	0.78	0.99	0.96	0.88	0.59	0.68	0.71	0.65	0.44	0.65	0.67	0.62	0.40	0.63	0.72	0.58	0.38	0.69	0.67	0.64	0.43	0.71	0.69	0.64	0.46	0.71	0.77	0.70	0.43	0.72	0.76	0.66	0.48	0.63	0.69	0.50	0.63	0.46
Net income per common share — diluted
0.44	0.83	0.98	0.96	0.81	0.78	0.98	0.96	0.88	0.59	0.67	0.71	0.65	0.44	0.65	0.66	0.62	0.39	0.63	0.72	0.58	0.38	0.69	0.66	0.64	0.43	0.71	0.69	0.63	0.45	0.72	0.76	0.70	0.43	0.72	0.75	0.66	0.47	0.64	0.68	0.50	0.63	0.46