Commerce Bancshares, Inc. (CBSH) — Financial statements
Income statement, balance sheet, and cash flow for Commerce Bancshares, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,140↑2.2% | 2,093↑6.3% | 1,969↑25.8% | 1,566↑8.8% | 1,439 | |
| Cost of Revenue | 428↓7.4% | 462↑10.4% | 419↑393.3% | 85↑258.7% | -53 | |
| Gross Profit | 1,712↑5.0% | 1,631↑5.2% | 1,551↑4.7% | 1,481↓0.7% | 1,492 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 704↑12.8% | 624↑1.2% | 617↑9.3% | 565↑5.7% | 534 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 22↓8.8% | 25↑2.9% | 24↑9.0% | 22 | |
| SG&A Expenses | 704↑8.9% | 647↑0.8% | 642↑9.1% | 588↑5.8% | 556 | |
| Other Expenses | 276↓9.5% | 305↑5.3% | 289↑11.1% | 260↑4.3% | 250 | |
| Operating Expenses | 980↑3.0% | 951↑2.2% | 931↑9.7% | 849↑5.3% | 806 | |
| Total Costs & Expenses | 1,408↓0.4% | 1,413↑4.7% | 1,350↑44.6% | 934↑24.1% | 752 | |
| Operating Results | ||||||
| Operating Income | 732↑7.7% | 679↑9.6% | 620↓2.0% | 632↓7.9% | 686 | |
| Depreciation & Amortization | 38↓29.4% | 54↑9.2% | 50↑5.7% | 47↑4.4% | 45 | |
| EBITDA | 770↑5.0% | 734↑9.6% | 669↓1.5% | 679↓7.1% | 731 | |
| EBIT | 732↑7.7% | 679↑9.6% | 620↓2.0% | 632↓7.9% | 686 | |
| Interest & Other Income | ||||||
| Net Interest Income | 1,112↑6.9% | 1,040↑4.2% | 998↑5.9% | 942↑12.8% | 835 | |
| Interest Income | 1,484↑1.0% | 1,470↑6.4% | 1,381↑38.3% | 999↑17.8% | 848 | |
| Interest Expense | 372↓13.4% | 429↑12.0% | 383↑574.7% | 57↑341.4% | 13 | |
| Non-Operating Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Income Before Tax | 732↑7.7% | 679↑9.6% | 620↓2.0% | 632↓7.9% | 686 | |
| Income Tax Expense | 161↑11.1% | 145↑7.8% | 135↑1.7% | 132↓9.2% | 146 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 571↑6.8% | 534↑10.1% | 485↓3.0% | 500↓7.5% | 541 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 566↑7.6% | 526↑10.3% | 477↓2.3% | 488↓8.0% | 531 | |
| Bottom-Line Net Income | 566↑8.6% | 521↑10.3% | 473↓2.3% | 484↓8.0% | 526 | |
| EPS (Basic) | 4.08↑5.2% | 3.88↑11.8% | 3.47↓0.9% | 3.50↓6.2% | 3.73 | |
| EPS (Diluted) | 4.08↑5.4% | 3.87↑11.5% | 3.47↓0.6% | 3.49↓6.2% | 3.72 | |
| Weighted Average Shares | 139↑3.4% | 134↓1.6% | 137↓1.3% | 138↓1.9% | 141 | |
| Weighted Average Diluted Shares | 139↑3.4% | 134↓1.6% | 137↓1.3% | 138↓1.9% | 141 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.