<ARTICLE> 9 <LEGEND> This schedule contains summary financial information extracted from Commerce Bancshares, Inc. 3/31/97 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-31-1997 <PERIOD-END> MAR-31-1997 <CASH> 747,323 <INT-BEARING-DEPOSITS> 0<F1> <FED-FUNDS-SOLD> 436,275 <TRADING-ASSETS> 4,957 <INVESTMENTS-HELD-FOR-SALE> 2,616,241<F2> <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 5,525,701<F3> <ALLOWANCE> 99,906 <TOTAL-ASSETS> 9,648,833 <DEPOSITS> 8,219,661 <SHORT-TERM> 422,247 <LIABILITIES-OTHER> 84,289 <LONG-TERM> 13,591 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 187,827 <OTHER-SE> 721,218 <TOTAL-LIABILITIES-AND-EQUITY> 9,648,833 <INTEREST-LOAN> 117,314 <INTEREST-INVEST> 40,653<F4> <INTEREST-OTHER> 4,777 <INTEREST-TOTAL> 162,812 <INTEREST-DEPOSIT> 63,511 <INTEREST-EXPENSE> 69,025 <INTEREST-INCOME-NET> 93,787 <LOAN-LOSSES> 7,538 <SECURITIES-GAINS> 146 <EXPENSE-OTHER> 82,114 <INCOME-PRETAX> 45,698 <INCOME-PRE-EXTRAORDINARY> 29,399 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 29,399 <EPS-PRIMARY> .78 <EPS-DILUTED> 0 <YIELD-ACTUAL> 4.52<F5> <LOANS-NON> 13,035 <LOANS-PAST> 23,467 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 98,223 <CHARGE-OFFS> 7,968 <RECOVERIES> 2,113 <ALLOWANCE-CLOSE> 99,906 <ALLOWANCE-DOMESTIC> 99,906 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0 <FN> <F1>Certificates of deposit of $297,000 are included in Investments- Held-For-Sale. <F2>Excludes non-marketable investment securities of $41,558,000. <F3>Gross of allowance for loan losses. <F4>Excludes interest of $68,000 on trading account securities. <F5>Yield is computed on a tax equivalent basis. </FN>