Commerce Bancshares, Inc.
commercebank.comWhat Do They Do?
Provides banking, lending, and wealth services to individuals, businesses, and municipalities.
10-K for FY2025, filed Feb 24, 2026
How Do They Make Money?
Earns interest income through its banking business and fees for card transactions, merchant processing, deposit services, and trust management. Card fees are tied to purchases or settlements; merchant fees are generally settled at least monthly, and trust fees are generally billed monthly.
10-K for FY2025, filed Feb 24, 2026Revenue from contracts with customers, Accounting Standard Codification 606 ("ASC 606"), requires revenue recognition for the transfer of…View ↗
The Company issues debit and credit cards to its retail and commercial banking customers who use the cards to purchase goods and services…View ↗
Merchant services provided are considered one performance obligation, as one of the services would not be performed without the others. The…View ↗
The Company provides trust and asset management services to both private client and institutional trust customers including asset custody…View ↗
$1.5B
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10-K for FY2025, filed Feb 24, 2026
$1.5B ↗
Who Are Their Customers?
Individuals, businesses, and municipalities use the Bank's branches, online banking, mobile app, and contact center. Commercial and wealth offices also serve business and institutional customers.
10-K for FY2025, filed Feb 24, 2026Commerce Bancshares, Inc., a bank holding company as defined in the Bank Holding Company Act of 1956, as amended, was incorporated under…View ↗
Commerce Bancshares, Inc. and its subsidiaries (collectively, the "Company") is one of the nation’s top 50 bank holding companies, based on…View ↗
The Company operates as a super-community bank and offers a broad range of financial products to consumer, municipal, and commercial…View ↗
The Wealth segment provides traditional trust and estate planning, advisory and discretionary investment management, and brokerage…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 38 cents of every revenue dollar as net income in FY2025 and turned 40 cents into free cash flow.
How Are They Changing?
Growing. Revenue grew 75% in 4 years, from $848.3M in FY2021 to $1.5B in FY2025, about 15% a year.
FineMark adds wealth markets
The latest report says the FineMark acquisition strengthens the company's presence in Florida and adds Arizona and South Carolina markets to its wealth segment, expanding beyond the older report's listed office markets.
10-K for FY2022, filed Feb 22, 2023 10-K for FY2025, filed Feb 24, 2026Commerce Bancshares, Inc. and its subsidiaries (collectively, the "Company") is one of the nation’s top 50 bank holding companies, based on…View ↗
On January 1, 2026, the Company completed its acquisition FineMark Holdings, Inc. ("FineMark") in an all-stock transaction ("Merger").…View ↗
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