<ARTICLE> 9 <LEGEND> This schedule contains summary financial information extracted from Commerce Bancshares, Inc. 12/31/98 Form 10-K and is qualified in its entirety by reference to such financial statements. </LEGEND> <MULTIPLIER> 1000 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-END> DEC-31-1998 <CASH> 738,672 <INT-BEARING-DEPOSITS> 0<F1> <FED-FUNDS-SOLD> 261,535 <TRADING-ASSETS> 14,210 <INVESTMENTS-HELD-FOR-SALE> 2,988,230<F2> <INVESTMENTS-CARRYING> 0 <INVESTMENTS-MARKET> 0 <LOANS> 7,046,852<F3> <ALLOWANCE> 117,092 <TOTAL-ASSETS> 11,402,023 <DEPOSITS> 9,530,197 <SHORT-TERM> 617,830 <LIABILITIES-OTHER> 146,081 <LONG-TERM> 27,130 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 306,763 <OTHER-SE> 774,022 <TOTAL-LIABILITIES-AND-EQUITY> 11,402,023 <INTEREST-LOAN> 554,210 <INTEREST-INVEST> 157,926<F4> <INTEREST-OTHER> 15,781 <INTEREST-TOTAL> 728,471 <INTEREST-DEPOSIT> 274,436 <INTEREST-EXPENSE> 300,726 <INTEREST-INCOME-NET> 427,745 <LOAN-LOSSES> 36,874 <SECURITIES-GAINS> 6,894 <EXPENSE-OTHER> 379,344 <INCOME-PRETAX> 225,564 <INCOME-PRE-EXTRAORDINARY> 150,091 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> 150,091 <EPS-PRIMARY> 2.46<F6> <EPS-DILUTED> 2.42<F6> <YIELD-ACTUAL> 4.56<F5> <LOANS-NON> 17,831 <LOANS-PAST> 24,529 <LOANS-TROUBLED> 0 <LOANS-PROBLEM> 0 <ALLOWANCE-OPEN> 105,918 <CHARGE-OFFS> 42,366 <RECOVERIES> 10,858 <ALLOWANCE-CLOSE> 117,092 <ALLOWANCE-DOMESTIC> 117,092 <ALLOWANCE-FOREIGN> 0 <ALLOWANCE-UNALLOCATED> 0 <FN> <F1>Certificates of deposit of $100,000 are included in Investments- Held-For-Sale. <F2>Excludes non-marketable securities of $29,276,000. <F3>Gross of allowance for loan losses. <F4>Excludes interest of $554,000 on trading account securities. <F5>Yield is computed on a tax equivalent basis. <F6>A 5% stock dividend was distributed on December 18, 1998. Prior financial data schedules have not been restated. </FN>