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Commerce Bancshares, Inc. - CBSH STOCK NEWS

Welcome to our dedicated news page for Commerce Bancshares (Ticker: CBSH), a resource for investors and traders seeking the latest updates and insights on Commerce Bancshares.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Commerce Bancshares's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Commerce Bancshares's position in the market.

Rhea-AI Summary
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced a stock repurchase program for up to 5,000,000 total shares of the Company’s common stock. The buyback program allows repurchases through various methods and at management's discretion. There is no obligation to purchase a specific number of shares, and the program may be adjusted or terminated by the Company at any time.
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Rhea-AI Summary
Commerce Bancshares, Inc. (NASDAQ: CBSH) declared a quarterly dividend of $0.27 per share on its common stock, payable on June 18, 2024. With $30.4 billion in assets, the company offers a full line of banking services through its subsidiaries, including payment solutions and investment management. Commerce Bank, one of its subsidiaries, has a strong presence in the Midwest and beyond, providing financial solutions to individuals and businesses.
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Rhea-AI Summary
Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that the company's 2024 Annual Meeting of Shareholders will be held in a virtual meeting format only on April 17, 2024, at 9:30 a.m. Central Time. Shareholders as of February 20, 2024, can attend the meeting online and vote if they have a control number.
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1.52%
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conferences
Rhea-AI Summary
Commerce Bancshares, Inc. reported first-quarter earnings per share of $.86, a decrease from the previous year but an increase from the fourth quarter of 2023. Net income for the quarter was $112.7 million, reflecting a strong financial performance. Despite elevated interest rates affecting bank balance sheets, Commerce's net interest income grew slightly, and non-interest income comprised 37.4% of total revenue. The company's liquidity, capital levels, and credit performance remain robust.
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1.52%
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Rhea-AI Summary
PayGround, a healthcare fintech payments platform, announced the addition of Chuck Kim, CFO of Commerce Bancshares, Inc., to its Board of Directors. Kim brings his experience and leadership to PayGround as it enters the next stage of growth. Kim, who joined Commerce in 1989, has corporate responsibility for all of the company's financial functions and oversees various segments of the bank.
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-0.75%
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Rhea-AI Summary
Commerce Bancshares, Inc. (NASDAQ: CBSH) has declared a quarterly dividend of $0.27 per share, marking a 5% increase and the 56th consecutive year of dividend growth. The dividend is payable on March 25, 2024, to stockholders of record as of March 7, 2024. With $31.7 billion in assets, Commerce Bancshares, Inc. offers a full line of banking services through its subsidiaries, including payment solutions, investment management, and securities brokerage. The company operates full-service banking facilities across the Midwest and maintains commercial offices in several major cities.
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-0.54%
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dividends
Rhea-AI Summary
Commerce Bancshares, Inc. reported earnings of $.84 per share for Q4 2023, down from $1.00 per share in Q4 2022. Net income was $109.2 million, a decrease from $131.6 million in Q4 2022. Non-interest income increased by $8.1 million, while non-interest expense rose by $34.5 million. Total assets were $31.7 billion, an increase of $324.4 million from the previous quarter.
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2.14%
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Rhea-AI Summary
Commerce Bancshares, Inc. declares a quarterly dividend of $0.27 per share on its common stock payable on December 18, 2023. The company also approves a 5% common stock dividend payable on December 19, 2023. No fractional shares will be issued.
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-2.94%
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Commerce Bancshares, Inc. announces Q3 2023 earnings of $.96 per share, compared to $.97 per share in the same quarter last year and $1.02 per share in Q2 2023. Net income for Q3 2023 was $120.6 million, a decrease from $122.8 million in Q3 2022. For the nine months ended September 30, 2023, earnings per share totaled $2.93, compared to $2.81 for the first nine months of 2022. Net income for the nine months was $367.8 million, an increase from $356.8 million in the same period last year. Non-interest income comprised 36.5% of total revenue.
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-0.81%
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Rhea-AI Summary
Commerce Bancshares declares quarterly dividend of $0.27 per share on common stock.
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1.69%
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Commerce Bancshares, Inc.

Nasdaq:CBSH

CBSH Rankings

CBSH Stock Data

6.68B
118.29M
2.55%
71.37%
1.58%
Commercial Banking
Finance and Insurance
Link
United States
Kansas City

About CBSH

commerce bank, a missouri-based company, operates as a super-community bank offering an array of sophisticated financial products delivered with high-quality, personal customer service including: • lending; • payment systems and processing; • trust and brokerage services; • capital markets; • full-feature online banking; • a central contact center; and • an expansive atm network. commerce serves its customers in more than 200 branches in missouri, kansas, illinois, oklahoma and colorado, as well as commercial offices in cincinnati, nashville, and dallas. we believe in conducting business with the highest standards of governance and ethics. we provide products and services that meet the rising expectations of our customers; attract and retain quality employees; support our communities; and work to lessen our environmental impact. we have headquarters in kansas city and st. louis with a fifth-generation of family management and empowered local managers in our community banks.