Commerce Bancshares (CBSH) investor relations material

Company overview and market position

• 161 years in business with $35.7B in assets, ranking as the 40th largest U.S. bank by asset size and 29th by market cap at $7.2B.

• $28.4B in total deposits and $20.5B in loans as of December 31, 2025.

• Core banking footprint spans key Midwest and Southern markets, with commercial payments services offered in 48 states.

• Tier 1 common risk-based capital ratio of 17.09%, second highest among top 50 U.S. banks.

• Return on average common equity YTD at 13.22%, with a baseline credit assessment two notches above the industry median.

Strategic platform and business model

• Operates a super-community bank platform blending community bank service with super-regional capabilities.

• Focuses on full client relationships, operational efficiency, and disciplined acquisitions.

• Maintains top quartile credit quality and invests in high-return businesses.

• Offers a broad suite of products including private banking, trust, and capital markets.

Financial performance and shareholder returns

• 10-year EPS CAGR of 10% and 58 consecutive years of dividend increases.

• Over 7% total annualized shareholder return over 20 years, outperforming the KBW Regional Bank Index.

• 1Q26 net income of $142M, up $10M YoY; EPS of $0.96; ROAA of 1.62% and ROAE of 13.22%.

• 1Q26 net interest income up 11% YoY; non-interest income up 11% and 37% of total revenue.