<ARTICLE> 9 <LEGEND> This schedule contains summary financial information extracted from Commerce Bancshares, Inc. 3/31/96 Form 10-Q and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-END> MAR-31-1996 <CASH> 745,877 <INT-BEARING-DEPOSITS> 0<F1> <FED-FUNDS-SOLD> 515,424 <TRADING-ASSETS> 11,494 <INVESTMENTS-HELD-FOR-SALE> 2,565,309<F2> <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 5,298,064<F3> <ALLOWANCE> 98,666 <TOTAL-ASSETS> 9,505,651 <DEPOSITS> 8,077,174 <SHORT-TERM> 448,806 <LIABILITIES-OTHER> 81,094 <LONG-TERM> 14,455 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 187,827 <OTHER-SE> 696,295 <TOTAL-LIABILITIES-AND-EQUITY> 9,505,651 <INTEREST-LOAN> 115,516 <INTEREST-INVEST> 38,588<F4> <INTEREST-OTHER> 7,882 <INTEREST-TOTAL> 162,074 <INTEREST-DEPOSIT> 66,556 <INTEREST-EXPENSE> 72,560 <INTEREST-INCOME-NET> 89,514 <LOAN-LOSSES> 5,553 <SECURITIES-GAINS> 1,224 <EXPENSE-OTHER> 78,608 <INCOME-PRETAX> 42,149 <INCOME-PRE-EXTRAORDINARY> 27,283 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 27,283 <EPS-PRIMARY> .74 <EPS-DILUTED> 0 <YIELD-ACTUAL> 4.33<F5> <LOANS-NON> 16,161 <LOANS-PAST> 20,826 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 98,537 <CHARGE-OFFS> 7,317 <RECOVERIES> 1,893 <ALLOWANCE-CLOSE> 98,666 <ALLOWANCE-DOMESTIC> 98,666 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0 <FN> <F1>Certificates of deposit of $348,000 are included in Investments-Held- For-Sale. <F2>Excludes non-marketable investment securities of $33,032,000. <F3>Gross of allowance for loan losses. <F4>Excludes interest of $88,000 on trading account securities. <F5>Yield is computed on a tax equivalent basis. </FN>