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Commerce Bancshares, Inc. - CBSH STOCK NEWS

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

Commerce Bancshares Inc. (CBSH) is a prominent regional bank headquartered in Kansas City and St. Louis, Missouri. As a super-community bank, Commerce Bancshares provides a comprehensive suite of financial products and services, with a strong emphasis on high-quality, personalized customer service. The company operates over 200 branches across Missouri, Kansas, Illinois, Oklahoma, and Colorado, alongside commercial offices in key cities like Cincinnati, Nashville, and Dallas.

Commerce Bancshares offers a diverse range of services, including lending, payment systems and processing, trust and brokerage services, capital markets, and full-feature online banking. Customers can also access a vast network of ATMs and a central contact center for enhanced service convenience. The company’s financial products cater to both personal and business banking needs, ensuring a broad market reach.

Upholding the highest standards of governance and ethics, Commerce Bancshares is committed to meeting the rising expectations of its customers, retaining quality employees, supporting community initiatives, and minimizing environmental impact. The bank is managed by a fifth-generation family leadership, which empowers local managers to efficiently serve their communities.

With a robust financial foundation, Commerce Bancshares Inc. is valued at approximately $22 billion. Its subsidiaries expand its service offerings into mortgage banking, leasing, credit-related insurance, venture capital, and real estate. This diversification not only fortifies the bank’s market position but also enhances its capacity to offer comprehensive financial solutions to its clients.

For recent updates and news about Commerce Bancshares Inc., please refer to the latest news section below.

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Commerce Bancshares reported earnings per share (EPS) of $1.07 for Q2 2024, a notable increase from $0.97 in Q2 2023 and $0.86 in Q1 2024. Net income for the quarter was $139.6 million, up from $127.8 million in the same period last year and $112.7 million in the prior quarter.

For the first six months of 2024, EPS totaled $1.93 compared to $1.88 in the same period last year, with net income at $252.2 million, up from $247.2 million.

Key metrics include a return on average assets of 1.67% and a return on average equity of 16.98% year-to-date. The net interest margin expanded by 22 basis points to 3.55%.

Revenue for Q2 2024 grew, with net interest income rising to $262.2 million and non-interest income to $152.2 million. Average loan balances increased to $17.2 billion, while total assets were $30.6 billion at quarter-end.

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Commerce Bancshares, Inc. (NASDAQ: CBSH) announced that Visa Inc. accepted its 823,447 shares of Visa Class B-1 common stock in exchange for Visa Class B-2 and Visa Class C stock, resulting in a $175.5 million gain. The company plans to reposition $1.0 billion worth of debt securities to increase net interest income and improve securities quality.

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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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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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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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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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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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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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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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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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FAQ

What services does Commerce Bancshares Inc. offer?

Commerce Bancshares Inc. offers lending, payment systems, trust and brokerage services, capital markets, and full-feature online banking.

Where does Commerce Bancshares operate?

Commerce Bancshares operates over 200 branches in Missouri, Kansas, Illinois, Oklahoma, and Colorado, with commercial offices in Cincinnati, Nashville, and Dallas.

What is the market value of Commerce Bancshares Inc.?

Commerce Bancshares Inc. is valued at approximately $22 billion.

Who manages Commerce Bancshares Inc.?

Commerce Bancshares Inc. is managed by a fifth-generation family leadership and empowered local managers.

Is Commerce Bancshares involved in any other financial activities?

Yes, Commerce Bancshares has subsidiaries involved in mortgage banking, leasing, credit-related insurance, venture capital, and real estate activities.

Where are the headquarters of Commerce Bancshares Inc. located?

The headquarters of Commerce Bancshares Inc. are located in Kansas City and St. Louis, Missouri.

What sets Commerce Bancshares apart from other banks?

Commerce Bancshares is known for its high-quality, personalized customer service, strong governance and ethics, and a comprehensive range of financial products.

How does Commerce Bancshares support the community?

Commerce Bancshares supports its communities by conducting business with high standards, attracting quality employees, and engaging in community and environmental initiatives.

Does Commerce Bancshares offer online banking services?

Yes, Commerce Bancshares provides full-feature online banking services.

How can I stay updated with the latest news about Commerce Bancshares Inc.?

You can stay updated with the latest news about Commerce Bancshares Inc. by regularly checking the latest news section on their website or stock market platforms like StockTitan.

Commerce Bancshares, Inc.

Nasdaq:CBSH

CBSH Rankings

CBSH Stock Data

7.99B
129.54M
2.54%
71.13%
2.15%
Commercial Banking
Finance and Insurance
Link
United States of America
KANSAS CITY