St. Louis, MO - Commerce Bancshares placed sixth overall on Bank Director's RankingBanking study, an annual analysis of the largest 300 publicly traded banks by performance, across all asset categories for 2024.

RankingBanking, compiled by Piper Sandler & Co. and sponsored by Crowe LLP, used year-end 2023 data from S&P Global Market Intelligence. To measure the performance of public commercial and savings banks, as defined by S&P, each bank was scored on core return on average assets, core return on average equity, tangible common equity to tangible assets, and nonperforming assets to loans and other real estate owned. The sum of these rankings produced a final score, which placed Commerce sixth on the list of the 25 top-ranked banks overall.

"We are proud to be recognized as one of the top performing U.S. banks by Bank Director, particularly on the heels of a challenging year for the banking industry," said John Kemper, president and chief executive officer, Commerce Bank. "This recognition reflects our fundamental strength and diversified business model and is evidence of our ability to perform well through economic cycles. We strive every day to make decisions for the long-term and in the best interest of our shareholders, our customers and our team members."

View the full RankingBanking study.