• Commerce Bancshares average return on tangible equity for 2023 was 20.06, a 15.95% decline from 2022.
• Commerce Bancshares average return on tangible equity for 2022 was 17.3, a 10.05% increase from 2021.
• Commerce Bancshares average return on tangible equity for 2021 was 15.72, a 48.16% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.