COMMERCE BANCSHARES INC /MO/

Overview

Commerce Bancshares, Inc. is a U.S. bank holding company whose principal business is conducted through Commerce Bank. It provides personal and business banking, mortgage and corporate banking, bank-card services, trust and wealth management, and investment and asset-management services. Its regional presence is centered in Missouri, Kansas, Illinois, Oklahoma and Colorado, with roughly 300 branch and ATM locations.[1]

Commerce Bank describes its mission as helping people and businesses solve financial challenges so they can focus on what matters most. The bank traces its origins to Kansas City in 1865. At June 30, 2026, Commerce Bancshares reported $35.3 billion in total assets; for 2025, it reported $566.3 million in net income attributable to the company and had 4,577 employees at year-end.[2]+4 [1]+5

Products & services

Commerce Bancshares offers commercial banking products including corporate and small-business loans, leasing, business and government deposit services, international banking, cash management and payment solutions, merchant services, and commercial and bank-card products. Its Commercial Tradable Products unit also sells fixed-income securities, underwrites municipal bonds, and provides securities safekeeping and accounting for business and correspondent-bank customers.[7][8]

Retail products include consumer deposits and installment loans, personal mortgages, debit cards, and affinity, rewards, standard and premium credit cards, including Special Connections. Wealth services include trust and estate planning, private-client and institutional asset management, brokerage, private banking, investment advice and administration, custody, tax preparation, and financial planning; the company also manages The Commerce Funds mutual-fund series.[7]+4

As performance context, fee revenue represented 37% of total revenue in the latest investor presentation. For 2025, Commercial Banking, Retail Banking and Wealth contributed 48%, 28% and 24%, respectively, of total segment pre-tax income. At year-end 2025, trust assets totaled $81.6 billion, including $50.6 billion managed and $31.0 billion administered on a non-managed basis; The Commerce Funds had $2.6 billion in assets.[13]+3 [7]+7

Geographic presence

At December 31, 2025, Commerce Bancshares operated 140 branch facilities, principally in Missouri, Kansas, and central Illinois, with additional branches in Tulsa and Oklahoma City, Oklahoma, and Denver, Colorado. St. Louis and Kansas City were its largest markets and central hubs.[15] Commercial and wealth offices were also identified in Dallas and Houston, Texas; Cincinnati, Ohio; Nashville, Tennessee; Des Moines, Iowa; Indianapolis, Indiana; Grand Rapids, Michigan; and Naples, Florida. Commercial-payments sales representatives covered the continental United States.[15]

The company described lending activity as generally centered in Missouri, Kansas, and Illinois, with activity also in Oklahoma, Colorado, Iowa, Ohio, and Texas.[16] Its 2025 Form 10-K reported 4,577 employees, but did not provide their geographic distribution or a revenue breakdown by state, region, or country.[7] [15]+2

Business segments

Commerce Bancshares reports three operating segments. **Retail Banking** serves consumers through its branch network, offering deposit and consumer lending products, residential mortgages, indirect lending, and debit- and credit-card lending and services. **Commercial** provides corporate lending and leasing, international services, business and government deposits, cash management, merchant and commercial card services, and fixed-income products and services. **Wealth** provides trust and estate planning, investment management and advisory, brokerage, and private-banking services.[17]

For the six months ended June 30, 2026, Retail Banking contributed approximately **31%**, Commercial **42%**, and Wealth **27%** of combined segment revenue. These approximate shares are calculated from each segment’s reported net interest income plus non-interest income; they are not company-reported percentages.[18] In full-year 2025, the corresponding mix was approximately **34% Retail Banking, 46% Commercial, and 20% Wealth**. The company renamed its Consumer segment Retail Banking in January 2026, with no change to its composition.[19][7] [17]+3

Company history

Commerce Bancshares traces its origins to a Kansas City bank founded in 1865 by Francis Reid Long. The company holding the bank was incorporated in Missouri on August 4, 1966, and Commerce later expanded across Missouri, Kansas and Illinois, followed by entry into Colorado and Oklahoma.[3][20]

Acquisitions contributed to that expansion: Commerce completed the West Pointe Bancorp merger in 2006, adding five branches, and acquired a Denver bank in 2007, marking its first Colorado location. It entered Oklahoma through its 2013 acquisition of Summit Bancshares.[21]+2

In 2013, John W. Kemper became company president; in 2018 he became CEO, while David W. Kemper moved to executive chairman. Commerce acquired municipal-finance firm L.J. Hart & Company in 2023. On January 1, 2026, Commerce completed its acquisition of FineMark Holdings, adding FineMark National Bank & Trust to Commerce Bank.[24]+2 [20]+7

Sources

• investor.commercebank.com[1]
• www.commercebank.com[2]
• www.commercebank.com[3]
• www.sec.gov[4]
• www.sec.gov[5]
• stockanalysis.com[6]
• COMMERCE BANCSHARES INC /MO/ — Full financial report (2025 Y)
  13 citations

  [7][8][9][10][11][12][14][15][16][19][20][24][26]
• COMMERCE BANCSHARES INC /MO/ — Presentation (2026 Q 2)[13]
• COMMERCE BANCSHARES INC /MO/ — Full financial report (2026 Q 2)[17][18]
• investor.commercebank.com[21]
• investor.commercebank.com[22]
• investor.commercebank.com[23]
• COMMERCE BANCSHARES INC /MO/ — Full financial report (2024 Y)[25]