Commerce Bancshares, Inc. (CBSH) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4,2842,1888901,200579856556
Cash and cash equivalents4,2772,1858871,198512782503
Short-term investments7333677353
Total current assets:4,2842,1888901,200579856556
Noncurrent Assets
Operating lease, right-of-use asset252826
Property, plant and equipment389371371333335338353
Long-term investments and receivables218     
Long-term investments218     
Intangible assets, net (including goodwill)154150148148147146146
Goodwill139139139139139139139
Intangible assets, net (excluding goodwill)1611109877
Deferred costs2219171313109
Total noncurrent assets:592587562494494494507
Other undisclosed assets31,81330,14824,61323,77023,76024,29223,542
TOTAL ASSETS:36,68932,92326,06625,46424,83325,64124,605
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 liabilities33,24129,52322,92722,52722,11323,14022,238
Total liabilities:33,24129,52322,92722,52722,11523,14022,238
Stockholders' equity
Stockholders' equity attributable to parent, including:3,4373,3973,1352,9312,7172,4962,362
Common stock611589564559535510490
Treasury stock, value(33)(33)(38)(34)(14)(15)(26)
Additional paid in capital2,6902,4362,1512,0851,8151,5521,338
Accumulated other comprehensive income (loss)77331110(65)141132
Retained earnings9273202241221293383
Other undisclosed stockholders' equity attributable to parent  145145145145145
Stockholders' equity attributable to noncontrolling interest11346255
Total stockholders' equity:3,4483,4003,1382,9372,7182,5012,367
TOTAL LIABILITIES AND EQUITY:36,68932,92326,06625,46424,83325,64124,605

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues593630687649968896850
Net investment income575615671633547492457
Financial services revenue420404392
Cost of revenue (137)(50)(43)(45)(36)(29)
Provision for loan, lease, and other losses (137)(50)(43)
Financial services costs(45)(36)(29)
Gross profit:593493637606922860821
Operating expenses(172)(162)(162)(153)(603)(582)(546)
Other operating income, net
(Noninterest Income, Other Operating Income)
43446551444836
Operating income:464375540505364326311
Nonoperating income (expense)
(Investment Income, Nonoperating)
30114(0)25(0)6
Interest and debt expense(13)(43)(103)(65)(44)(33)(28)
Other undisclosed income from continuing operations before equity method investments, income taxes 98911058510894
Income from continuing operations before equity method investments, income taxes:481441532544430401384
Other undisclosed income from continuing operations before income taxes205      
Income from continuing operations before income taxes:686441532544430401384
Income tax expense(146)(87)(109)(106)(111)(124)(117)
Net income:541354423438320277267
Net income (loss) attributable to noncontrolling interest(10)0(1)(5)(1)(1)(3)
Net income attributable to parent:531354421434319275264
Preferred stock dividends and other adjustments (12)(9)(9)(9)(9)(9)
Net income available to common stockholders, diluted:531342412425310266255

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:541354423438320277267
Other comprehensive income (loss)(254)221175(48)3(21)(30)
Comprehensive income:286575598390323255237
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(10)0(1)(5)(1)(1)(3)
Comprehensive income, net of tax, attributable to parent:276575596385323254234

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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