COMMERCE BANCSHARES, INC. CBSHP Income Statement

Commerce bancshares, inc. (CBSHP)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
INTEREST INCOME
Loans
663,338	625,083	543,825	489,956	456,664	447,157	439,082	446,331	463,511	507,666	556,404	654,845
Interest and fees on loans held for sale
1,209	1,298	1,000	1,317	191	0	176	361	1,115	6,091	8,219	14,968
Interest on investment securities
237,487	240,187	214,689	207,184	191,801	188,006	189,415	211,682	219,348	212,697	223,860	171,551
Interest on federal funds sold and short-term securities purchased under agreements to resell
55	519	230	78	60	101	106	82	55	48	222	8,287
Interest on long-term securities purchased under agreements to resell
15,898	15,881	15,440	13,544	13,172	12,473	21,119	19,174	13,455	2,549	-	0
Interest on deposits with banks
6,698	6,233	2,223	973	528	555	387	339	487	427	807	198
Total interest income
924,685	889,201	777,407	713,052	662,416	648,292	650,285	677,969	697,971	729,478	789,512	849,849
INTEREST EXPENSE
Savings, interest checking and money market
39,712	27,803	17,309	14,366	13,374	13,522	14,355	18,682	25,856	29,298	31,431	61,133
Certificates of deposit of less than $100,000
6,368	3,215	2,645	2,809	3,236	4,137	6,002	7,918	11,352	22,871	51,982	77,322
Certificates of deposit of $100,000 and over
26,945	14,658	10,859	8,545	6,051	5,926	6,383	7,174	9,272	13,847	35,371	55,665
Interest on federal funds purchased and securities sold under agreements to repurchase
29,415	19,655	9,829	3,315	1,861	1,019	809	808	1,741	2,584	3,699	25,085
Interest on other borrowings
952	45	3,086	3,968	3,574	3,484	3,364	3,481	3,680	14,946	-31,527	-37,905
Total interest expense
103,392	65,376	43,728	33,003	28,096	28,088	30,913	38,063	51,901	83,546	154,010	257,110
Net interest income
821,293	823,825	733,679	680,049	634,320	620,204	619,372	639,906	646,070	645,932	635,502	592,739
Provision for loan losses
50,438	42,694	45,244	36,318	28,727	29,531	20,353	27,287	51,515	100,000	160,697	108,900
Net interest income after provision for loan losses
770,855	781,131	688,435	643,731	605,593	590,673	599,019	612,619	594,555	545,932	474,805	483,839
NON-INTEREST INCOME
Bank card transaction fees
167,879	171,576	155,100	154,043	178,926	175,806	166,627	154,197	157,077	148,888	122,124	113,862
Trust fee revenue
155,628	147,964	135,159	121,795	118,437	111,254	102,529	94,679	88,313	80,963	76,831	80,294
Deposit fee revenue
95,983	94,517	90,060	86,394	80,416	78,680	79,017	79,485	82,651	92,637	106,362	110,361
Capital market fees
8,146	7,721	7,996	10,655	11,476	12,667	14,133	-	-	-	-	-
Consumer brokerage services
15,804	15,807	14,630	13,784	13,784	12,534	11,006	21,066	19,846	21,098	-	-
Bond trading income
-	-	-	-	-	-	-	-	-	-	22,432	15,665
Consumer brokerage services
-	-	-	-	-	-	-	10,162	10,018	9,190	10,831	12,156
Loan fees and sales
15,767	12,723	13,948	11,412	8,228	5,108	5,865	6,037	7,580	23,116	21,273	-2,413
Other
65,496	51,033	44,370	48,473	36,872	40,457	39,209	34,004	27,432	29,219	36,406	45,787
Total non-interest income
524,703	501,341	461,263	446,556	448,139	436,506	418,386	399,630	392,917	405,111	396,259	375,712
INVESTMENT SECURITIES GAINS (LOSSES), NET
Change in fair value of other-than-temporary impairment securities
-	-	-	-	-	-	-278	-11,223	-2,190	-13,058	32,783	0
Portion recognized in other comprehensive income
-	-	-	-	-	-	1,562	12,713	4,727	18,127	-30,310	0
Net impairment losses
-	-	-	-	-	-	-1,284	-1,490	-2,537	-5,069	-2,473	0
Realized gains on sales and fair value adjustments
-	-	-	-	-	-	-3,141	6,318	13,349	3,284	-4,722	30,294
Investment securities gains (losses), net
3,626	-488	25,051	-53	6,320	14,124	-4,425	4,828	10,812	-1,785	-7,195	30,294
NON-INTEREST EXPENSE
Salaries and employee benefits
492,927	468,194	448,321	427,310	400,701	384,100	366,867	360,899	345,325	346,550	345,779	333,612
Net occupancy
47,157	46,044	45,612	46,290	44,788	45,825	45,639	45,534	46,434	46,987	45,925	46,317
Equipment
19,061	18,125	18,568	19,141	19,086	18,375	18,425	20,147	22,252	23,324	25,472	24,569
Supplies and communication
20,394	20,637	22,790	24,135	22,970	22,432	22,511	22,321	22,448	27,113	32,156	35,335
Data processing and software
92,899	85,978	80,998	79,589	83,944	78,980	78,245	73,798	68,103	67,935	61,789	56,387
Marketing
21,914	20,548	16,325	16,032	16,107	15,676	14,176	15,106	16,767	18,161	18,231	19,994
Deposit insurance
6,676	11,546	13,986	13,327	12,146	11,622	11,167	10,438	13,123	19,246	27,373	2,051
Community Service
2,446	2,445	34,377	3,906	3,180	-	-	-	-	-	-	-
Debit overdraft litigation
-	-	-	-	-	-	-	-	18,300	0	-	-
Debt extinguishment
-	-	-	-	-	-	-	-	-	11,784	-	0
Visa litigation
-	-	-	-	-	-	-	-	-	-	-2,496	-
Loss on purchase of auction rate securities
-	-	-	-	-	-	-	-	-	-	-	33,266
Indemnification obligation
-	-	-	-	-	-	-	-	-	-	-	-9,619
Other
63,924	64,304	63,366	59,499	73,565	79,860	71,638	70,226	64,497	70,034	67,508	73,468
Total non-interest expense
767,398	737,821	744,343	689,229	676,487	656,870	628,668	618,469	617,249	631,134	621,737	615,380
Income before income taxes
531,786	544,163	430,406	401,005	383,565	384,433	384,312	398,608	381,035	318,124	242,132	274,465
Less income taxes
109,074	105,949	110,506	124,151	116,590	121,649	123,195	127,169	121,412	96,249	73,757	85,077
Net income
422,712	438,214	319,900	276,854	266,975	262,784	261,117	271,439	259,623	221,875	168,375	189,388
Less non-controlling interest expense (income)
1,481	4,672	517	1,463	3,245	1,030	156	2,110	3,280	165	-700	733
Net income attributable to Commerce Bancshares, Inc.
421,231	433,542	319,383	275,391	263,730	261,754	260,961	269,329	256,343	221,710	169,075	188,655
Preferred Stock Dividends
9,000	9,000	9,000	9,000	9,000	4,050	0	0	-	-	-	-
Net Income (Loss) Available to Common Stockholders
412,231	424,542	310,383	266,391	254,730	257,704	260,961	269,329	-	-	-	-
Net income per common share — basic
3.59	3.61	2.63	2.38	2.33	2.38	2.47	2.64	2.57	2.30	1.88	2.26
Net income per common share — diluted
3.58	3.60	2.62	2.37	2.32	2.37	2.46	2.63	2.56	2.29	1.87	2.24