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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1888901,2005798565561,116
Cash and cash equivalents2,1858871,1985127825031,101
Short-term investments33367735315
Total current assets:2,1888901,2005798565561,116
Noncurrent Assets
Operating lease, right-of-use asset2826
Property, plant and equipment371371333335338353358
Long-term investments and receivables18      
Long-term investments18      
Intangible assets, net (including goodwill)150148148147146146146
Goodwill139139139139139139139
Intangible assets, net (excluding goodwill)111098777
Deferred costs19171313109 
Total noncurrent assets:587562494494494507504
Other undisclosed assets30,14824,61323,77023,76024,29223,54222,374
TOTAL ASSETS:32,92326,06625,46424,83325,64124,60523,994
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Long-term debt and lease obligation, including:   2   
Other undisclosed long-term debt and lease obligation   2   
Total noncurrent liabilities:   2   
Other undisclosed liabilities29,52322,92722,52722,11323,14022,23821,660
Total liabilities:29,52322,92722,52722,11523,14022,23821,660
Stockholders' equity
Stockholders' equity attributable to parent, including:3,3973,1352,9312,7172,4962,3622,330
Common stock589564559535510490484
Treasury stock, value(33)(38)(34)(14)(15)(26)(17)
Additional paid in capital2,4362,1512,0851,8151,5521,3381,229
Accumulated other comprehensive income (loss)331110(65)14113262
Retained earnings73202241221293383427
Other undisclosed stockholders' equity attributable to parent 145145145145145145
Stockholders' equity attributable to noncontrolling interest3462554
Total stockholders' equity:3,4003,1382,9372,7182,5012,3672,334
TOTAL LIABILITIES AND EQUITY:32,92326,06625,46424,83325,64124,60523,994

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues630687649968896850827
Net investment income615671633547492457448
Financial services revenue420404392379
Cost of revenue(137)(50)(43)(45)(36)(29)(46)
Cost of goods and services sold      (17)
Provision for loan, lease, and other losses(137)(50)(43)
Financial services costs(45)(36)(29)(30)
Gross profit:493637606922860821781
Operating expenses(162)(162)(153)(603)(582)(546)(535)
Other operating income, net
(Noninterest Income, Other Operating Income)
44655144483640
Operating income:375540505364326311285
Nonoperating income (expense)
(Investment Income, Nonoperating)
114(0)25(0)616
Interest and debt expense(43)(103)(65)(44)(33)(28)(28)
Other undisclosed income from continuing operations before equity method investments, income taxes98911058510894109
Income from continuing operations before income taxes:441532544430401384383
Income tax expense(87)(109)(106)(111)(124)(117)(120)
Net income:354423438320277267263
Net income (loss) attributable to noncontrolling interest0(1)(5)(1)(1)(3)(1)
Net income attributable to parent:354421434319275264262
Preferred stock dividends and other adjustments(12)(9)(9)(9)(9)(9)(4)
Net income available to common stockholders, diluted:342412425310266255258

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:354423438320277267263
Other comprehensive income (loss)221175(48)3(21)(30)52
Comprehensive income:575598390323255237315
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(1)(5)(1)(1)(3)(1)
Comprehensive income, net of tax, attributable to parent:575596385323254234314

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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