COMMERCE BANCSHARES INC

Commerce Bancshares, Inc. (NASDAQ: CBSH) operates as one of the nation's top 50 bank holding companies by asset size, providing comprehensive financial services through its principal subsidiary, Commerce Bank. The company maintains its website at www.commercebank.com and serves customers across a diversified geographic footprint spanning Missouri, Kansas, central Illinois, Oklahoma, Colorado, and growing markets in Texas, Iowa, Indiana, Michigan, Ohio, Florida, and Tennessee.

As of December 31, 2025, Commerce Bancshares reported consolidated assets of $32.9 billion, loans of $17.8 billion, deposits of $25.6 billion, and equity of $3.8 billion. The company operates 140 branch facilities and employs 4,577 full-time and 160 part-time employees. Its two largest markets, St. Louis and Kansas City, serve as central hubs, with the company holding approximately 10% deposit market share in Kansas City and 7% in St. Louis.

The company operates through three reportable segments: Commercial, Retail Banking, and Wealth. The Commercial segment provides corporate lending, merchant services, payment solutions, leasing, and cash management services, contributing 48% of segment pre-tax income. The Retail Banking segment encompasses the branch network, consumer lending, and personal mortgage banking, representing 28% of segment pre-tax income. The Wealth segment delivers trust services, investment management, and advisory services, accounting for 24% of segment pre-tax income.

Commerce Bancshares pursues a super-community banking model that combines large bank product sophistication with deep local market expertise. The company emphasizes strong customer relationships, quality service, and disciplined risk management. On January 1, 2026, the company completed its acquisition of FineMark Holdings, Inc., an all-stock transaction that added 13 banking offices in Florida, Arizona, and South Carolina, strengthening its wealth segment presence and expanding into high-growth markets. FineMark contributed $2.7 billion in loans, $3.1 billion in deposits, and $8.7 billion in assets under administration at the time of acquisition.

The company's diversified market economy includes construction, logistics, technology, aerospace, manufacturing, healthcare, and agribusiness sectors. Commerce Bancshares maintains a strong capital position well above Basel III requirements and holds an "outstanding" Community Reinvestment Act rating.