Commerce Bancshares, Inc. (CBSH) financial statements (2021 and earlier)

Company profile

Business Address 1000 WALNUT
KANSAS CITY, MO 64106
State of Incorp. MO
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1881,5321,799878890859951
Cash and cash equivalents2,1851,5291,796875887856949
Short-term investments3333333
Receivables 403634   
Total current assets:2,1881,5721,835912890859951
Noncurrent Assets
Operating lease, right-of-use asset28   2626 
Property, plant and equipment371378369370371366364
Long-term investments and receivables18      
Long-term investments18      
Intangible assets, net (including goodwill)150146146147148148148
Goodwill139139139139139139139
Intangible assets, net (excluding goodwill)117781099
Deferred costs19171614171615
Total noncurrent assets:587541531531562556527
Other undisclosed assets30,14829,34128,13025,35024,61324,46124,294
TOTAL ASSETS:32,92331,45430,49626,79326,06625,87625,772
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities29,52328,14827,13823,54122,92722,77022,601
Total liabilities:29,52328,14827,13823,54122,92722,77022,601
Stockholders' equity
Stockholders' equity attributable to parent, including:3,3973,3063,3583,2513,1353,1033,169
Common stock589564564564564559559
Treasury stock, value(33)(69)(69)(69)(38)(252)(106)
Additional paid in capital2,4362,1402,1372,1342,1512,0432,077
Accumulated other comprehensive income331343349253110144109
Retained earnings73327232225202463384
Other undisclosed stockholders' equity attributable to parent  145145145145145
Stockholders' equity attributable to noncontrolling interest3101433
Total stockholders' equity:3,4003,3063,3583,2523,1383,1063,171
TOTAL LIABILITIES AND EQUITY:32,92331,45430,49626,79326,06625,87625,772

Income statement (P&L) ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues155155155165167174174
Net investment income151151152161163170170
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
4(3)(81)(58)(15)(11)(12)
Gross profit:16015275107152163162
Operating expenses(41)(41)(39)(41)(40)(42)(40)
Other operating income, net
(Noninterest Income, Other Operating Income)
1211129271412
Operating income:1311224874139135134
Nonoperating income (expense)
(Investment Income, Nonoperating)
1216(4)(13)(0)5(0)
Interest and debt expense(5)(7)(10)(20)(24)(28)(27)
Other undisclosed income from continuing operations before equity method investments, income taxes27361519212830
Income from continuing operations before income taxes:1651684860135139137
Income tax expense(33)(34)(10)(10)(28)(29)(29)
Net income:1321333950107110108
Net income (loss) attributable to noncontrolling interest(2)  2(0)(1)(0)
Other undisclosed net income (loss) attributable to parent (1)1    
Net income attributable to parent:1301324052107109108
Preferred stock dividends and other adjustments (7)(2)(2)(2)(2)(2)
Net income available to common stockholders, diluted:1301253850105107106

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q1
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income:1321333950107110108
Other comprehensive income (loss)(12)(6)96143(34)3597
Comprehensive income:12012813519274145205
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(1)12(0)(1)(0)
Comprehensive income, net of tax, attributable to parent:11812713619573145205

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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