v3.26.1
Employee Benefit Plan, Schedule, Asset Held for Investment
 12 Months Ended
Dec. 31, 2025
EBP 002  
EBP, Schedule of Asset Held for Investment [Line Items]  
Schedule of Assets
Schedule 1
COMMERCE BANCSHARES, INC. PARTICIPATING INVESTMENT PLAN
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
EIN #: 43-0889454
Plan #: 002
December 31, 2025
 Number
(a)(b) Identity of issue of shares/units (d) Cost (e) Fair Value
Commerce Bancshares, Inc. Common Stock Fund:
*Commerce Bancshares, Inc. Common Stock2,490,257  **$130,341,858 
*Fidelity Retirement Money Market Fund4,059,452  **4,059,452 
     Total Common Stock Fund2,383,847 134,401,310 
Stable Value Funds:
*Managed Income Portfolio Fund Class 225,202,968 **25,202,968 
     Total Stable Value Funds25,202,968 
Common Collective Trusts:
T. Rowe Price Retirement 2005 Trust Class F17,429  **406,452 
T. Rowe Price Retirement 2010 Trust Class F29,977  **749,128 
T. Rowe Price Retirement 2015 Trust Class F48,276  **1,323,723 
T. Rowe Price Retirement 2020 Trust Class F283,474  **8,484,374 
T. Rowe Price Retirement 2025 Trust Class F889,504  **29,220,220 
T. Rowe Price Retirement 2030 Trust Class F1,340,741  **48,628,689 
T. Rowe Price Retirement 2035 Trust Class F890,740  **35,442,531 
T. Rowe Price Retirement 2040 Trust Class F966,270  **41,259,740 
T. Rowe Price Retirement 2045 Trust Class F682,956  **30,357,413 
T. Rowe Price Retirement 2050 Trust Class F802,409  **35,915,831 
T. Rowe Price Retirement 2055 Trust Class F561,190  **25,146,932 
T. Rowe Price Retirement 2060 Trust Class F623,648  **17,879,986 
T. Rowe Price Retirement 2065 Trust Class F203,193  **3,643,245 
*Spartan Total Market Index Pool Class C385,876 **117,105,600 
*Spartan 500 Index Pool Class C446,883 **145,174,313 
*Spartan International Index Pool Class C132,382 **23,577,207 
    Total Common Collective Trusts564,315,384 
Mutual Funds:
American Century Inflation-Adjusted Bond Fund R6 Class406,251  **4,285,949 
American Funds Small Cap World Fund Class R651,030  **3,893,112 
*Commerce Bond Fund2,110,700  **38,435,847 
DFA Emerging Markets Value Fund441,008  **16,414,325 
Dodge & Cox International Stock Fund2,260,521  **37,208,173 
*Fidelity Money Market Government Portfolio205,262  **205,262 
*Fidelity US Bond Index Fund2,264,266  **23,910,646 
Invesco Small Cap Growth Fund R5 Class500,751  **18,893,326 
JPMorgan Mid Cap Growth Fund Class R6663,353  **34,321,898 
T. Rowe Price Blue Chip Growth Fund656,605  **138,097,233 
Vanguard Equity-Income Fund Admiral Shares562,416  **52,254,105 
Vanguard Federal Money Market Fund Investor Shares37,650,384 **37,650,384 
Vanguard Small Cap Value Index Fund - Institutional Class584,630  **29,745,960 
Victory Sycamore Established Value Fund Class R334,832  **14,719,199 
Virtus Duff & Phelps Global Real Estate Securities Fund Class R688,739  **3,081,031 
     Total Mutual Funds453,116,450 
Schedule 1
COMMERCE BANCSHARES, INC. PARTICIPATING INVESTMENT PLAN
Schedule H, line 4i - Schedule of Assets (Held at End of Year)
EIN #: 43-0889454
Plan #: 002
December 31, 2025
 Number
(a)(b) Identity of issue of shares/units (d) Cost (e) Fair Value
Total assets held for investment purposes1,177,036,112 
*Notes receivable from participants--Interest rates on these loans12,180,139 
range from 4.25% to 9.50%, maturing through 2040.
Total assets$1,189,216,251 
* Party-in-interest as defined by ERISA.
** In accordance with instructions to the Form 5500, the Plan is no longer required to disclose the cost component of participant-directed investments.
See accompanying report of independent registered public accounting firm.